Price at Monthly Significant SupportMontly Support. Price bounce up.
Daily Rsi show divergence from price. Show sign price want to change direction
Daily Trendline might reject price to down temporary to sell zone.
BuY @ 0.62720
TP @ 0.63970
Overbought
EURO-DOLLAR giving a chance again to ride down the Downtrend1) Trend Analysis - Still in the downtrend (Didn't break any significant highs yet and the MA is still facing downwards)
2) Resistance Analysis - At the confluence of horizontal resistance (represented by the broken-green-line) and trend-line resistance (represented by dotted-blue-line).
3) Candle Analysis - No strong bulls yet. A big bull bar but no follow-through on closing basis. Big bull making a steep slope (represented by a small brown trendline in the charts) and probably showing that the market is in OVERBOUGHT AREA.
For more information, check out my previous post on the same topic... Links in the "Related Ideas" section.
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Disclaimer -
All the ideas posted on these posts are published in good faith and for general educational purposes only. Satx98 does not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the ideas posted by me, is strictly at your own risk. I will not be liable for any losses and/or damages in connection with the use of my ideas.
Gap Inc. Appearing to Reject 200 EMA Once AgainOn the 4-hour chart of NYSE:GPS , price action has interfered with the 200 Exponential Moving Average a numerous amount of times. And, almost every time it has, a reversal and price swing has occurred.
This latest one happened after a price surge caused by a normal stochastic oscillator divergence, sending price action straight through linear resistance. Old resistance becomes new support; the foundation of the technicals I've used to price target the short exit.
Gap Inc. is in a heavy sell off, as it has been for months on end. In some ways, this recent surge may be seen as standard price oscillation or even a short squeeze. The technicals right now are supporting a continuation of this collapsing trend.
Entry Price: $19.24.
Stop Loss: $20.55 (Resistance formed by movement before a downward gap)
Target Profit: $16.00
Methods of Capturing Gains
Short stock.
Short call credit spread.
Naked puts.
Put strike biased straddle.
Bearish strangle.
*Note: There is an infinite number of ways to capture bearishly favored gains. Be careful with the GPS weekly options because they have low volume, open interest, and liquidity, and can result in extremely unfavorable execution and fill pricing.
AUDNZD - Extremely overbought - RBNZ in spotlightHello Traders,
This week the RBNZ will decide if they will hold interest rates steady after they look a 50 basis point cut during their last meeting.
This shocked the market as they had forecast only a 25 basis point cut previously, therefore the NZD took a larger loss.
This week the RBNZ is expected to hold rates steady, on the other hand, the RBA is looking at an additional rate cut.
This means we could see some strength going back into the NZD.
The AUDNZD is also extremely overbought, as you can see this has provided a great opportunity to sell from previously.
Keep in mind: If the RBNZ do cut interest rates rates, this trade will not work out.
Any questions or comments please let us know,
www.forexstoreau.com
Overbought GNK is time to Sell ShortI love using overbought and oversold analysis and patterns when scanning for moves. This is overbought.
RSI (not pictured) was up over 77 on the 1 day chart. Anything above 70 typically triggers an alarm for me. I'll be looking at a mark around $9.50 as a good "buy to close" price but obviously $8 a share is not out of our target range here.
Let's see if we can't box this win up in 15-20 days.
AUDJPY Short Term Bearish Analysis AussieJPY had a straight Bullish run for several days now, and on the daily it is now at past support that can become future resistance. if you take a look here at www.mataf.net and you pull up the Aussie Daily chart and you pull up the JPY Daily chart you will see that the Aussie is hitting a past support that can become future resistance and the the JPY is hitting a past resistance that can become future support so now when combined as the AUDJPY it becomes very strong that it has a good chance going down short term.
Now in order to confirm the move to put some more odds in m favor I'm waiting for the hourly chart to break down from its most recent support level that it has formed then I will look to enter going for about 60 pips or so till the next level of resistance that can become future support...
I hope this makes sense to you if yes let me know, and even if not tell me why you think differently tell me what you see that iam missing.
Thank You!
Overbought Short, correction likely. Was this just a bear market rally or start of new bull market, still up for debate. We are almost guaranteed at least a correction being this overbought.
BTC Dominance Rising Wedge Theory
Each trendline has three points of contact and are logarithmically getting closer together: rising wedge pattern.
BTC Dominance beginning to look overextended (TD) and overbought (RSI) while testing resistance between 72-74%.
This is far from a perfect rising wedge as it excludes the September 2018 head fake, but a theory worth considering.
BTC.D closed above it's 200 Week MA (70.5%) for the first time ever last month. A close below could be fatal.
Currently expecting a January 2020 "mini altseason" with full-blown altseason in Winter 2021.
forexTrdr EURCAD- DOWNTREND CHANNEL CONTINUATIONMorning traders
Following the big moves in euro after yesterdays european central bank meeting and the Euro spiking higher on lower than expected levels of Quantative easing being announced. The move higher has taken Euro Cad to the upper levels of the descending channel as per our trading view chart work. This coincides with extreme overbought levels on Stochastics and declining volume.
Entering a short here provides a great risk reward setup should the descending channel hold and the pair create another new low.
If you are interested in trying out a free 30 day trial of our work then please get in touch
good luck trading
AUDNZD at weekly resistanceAUDNZD is testing weekly resistance level ans psychologival 1.7000 level. The market is overbought and we are looking for bearish price action before short entries.
Long T in the long-term, but looks overbought at presentAT&T stock has been rising rapidly after activist investor Elliot Management announced a $3.2 billion stake in the company on September 9th.
The RSI has crossed into very oversold territory while the ADI is signaling only a moderately strong trend. At the same time, the stock has moved above its 9-day moving average, which often signals a short-term correction. The chart is going parabolic with today's trading having gone almost vertical.
But there remains many reasons to be bullish in the long-term. Long-term resistance at 37.71 has been broken through. The company announced its 5G strategy today and urged competitors to do the same. T is ahead of the competition. Earnings have met or exceeded expectations for the last three quarters and are forecasted to do well in October. The stock has an attractive dividend of 6% and has a track record of increasing that dividend.
Put options could be profitable in the near-term. Buying dips could also be a good strategy. Looking to acquire a large stake in T? Use dollar-cost averaging over time. Avoid FOMO buying during mania like this. Long-term, T is an excellent choice, but a parabolic or vertical trend accompanied by universal optimism is always cause for caution.
BTC to 8350 USD (200ema), if fail to hold @ 9400 USD (100ema)Bitcoin reached about previous predicted level, after "Bear Pivot" signal triggered in LIVIDITIUM signaling script.
However, PRISM oscillators still looking weak + PRISM's pSAR-based RSI still have same way to go before resetting.
Expecting BTC to drop further to ~8400 USD (200 ema) if 9400 USD (100 ema) support fails to hold, which is also where the level2 lower AEONDRIFT band level lie atm.
On the 1D time scale, BTC is still in an "overbought" state base on Fast-LIVIDITIUM {F.LVDT} dynamic levels; noting the strong red-streaks >> which can be imagined as downward forces pulling the candles down towards the 0.6 guide equilibrium level.
By falling down to 8400 USD will position the price just below the F.LVDT 0.6 equilibrium/neutral Guide line, which will turn the market to be healthily bullish again.
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Note: In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
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Please check out my other indicators sets and series, e.g.
LIVIDITIUM (dynamic levels),
AEONDRIFT (standard deviation bands),
FUSIONGAPS (MA based oscillators),
MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
PRISM (PSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators),
and more to come.
Constructive feedback and suggestions are welcome.
If you like any of my set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~ JuniAiko
(=^~^=)v~
Catching this on the way downOverbought bond market might see this ETF heading south to the high to low 130's
USDCZK BEARISH SHARKFOREXCOM:USDCZK Formed a bearish shark pattern. RSI is very overbought. It could reach 38.2% as first target or 61.8% as second target
SHORT GOLDShort scalp on Gold with bearish cypher pattern and overbought stochastics on 15min TF, TP 1430
How to use my FG oscillator in conjunction with DFG oscillatorLooks like BTCUSD still have a little bit further down to go, but is winding up for a next significant pump.
DEMO of the use of my FUSIONGAPS (FG) and DIFFERENTIAL FUSIONGAPS (DFG) scripts, with my LIVIDITIUM indicators set.
Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;)
See also:
If you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~JuniAiko
(=^~^=)v~
forexTrdr GBPAUD - RESISTANCE MEETS DESCENDING CHANNEL Morning traders,
Waking up to Thursday morning ECB day with a great short setup in British Pound versus Australian dollar. What we have is a descending channel being touched at the same time as the pair meets a resistance level to the upside around the psychological price point of 1.79. Compounding the trade is that as this is occuring the pair is reaching overbought levels on RSI indicator and Stochastic which is crossing over pointing to a move to the downside. Given then clear descending channel we have highlighted on our trading view chart we can see upside on this short of up to 250 pips into the high 1.76 area.
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms. Or if you want a free one month signals trial with us please get in touch.
Good luck trading
from the Team at forexTrdr
RUBI: possible reversal before earningsRUBI moved into overbought (MFI indicator) territory after a cup and handle formation. Will set a tight stop at the peak of the gravestone doji and look to sell before earnings. If this eventuates, it could form a larger cup and handle formation, something to keep an eye on after earnings is released.
LLC.AX: Good short setupA short on Lend Lease prior to earnings. RSI approaching overbought and price towards top of channel resistance. Look for a volume drop off or a bearish candle 19Jul to confirm the reversal. 5:1 risk:reward as shown but can adjust entry price down to be more confident in a fill.
EURGBP Short ideaThe long-bullish rally of EURGBP could be coming to an end with a bounce off a major resistance barrier.
The targets have been indicated, with the second target a high possibility if the first target is reached and surpassed.
Good luck!
forexTrdr AUDUSD - OVERBOUGHT HEADLINE SPIKE- >100 PIP PROFIT?Good morning traders,
After last nights confirmatory words from US central bank chair Powell that they will be looking to cut interest rates (as the market expected) we had a bout of USD weakness which we were able to take advantage of for our team in longs on GBPUSD, EURUSD and short USDJPY clocking up over 200 pips on those three trades alone. We are now looking to take advantage of the move higher in AUD to resistance levels and overbought territory.
As per our trading view chart we have highlighted a resistance level around 0.6977. This coincides with an overbought level on stochastics which has on previous occasions resulted in a significant pull back. Additionally volumes have remained extremely low on this move higher suggesting there is very little in the way of follow through demand for this pair to move higher through resistance. We are targeting a move back to mid 0.68 area and profits upwards of 100 pips as continued data out of Australian economy points towards a downturn.
We are offering more 4 months free signals if you sign up via the details on our profile
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms.
Good luck trading
from the Team at forexTrdr
