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Overbought

Overbought Short Opportunity EthAs you can see on the two downward upper and lower trend lines I called a short opportunity when ETH/USD was hovering around 242. Looks like that was the right call and it went down to 215. Would have been a nice little profit I would say. Now we are nearing overbought again comparatively similar to the last call considering the trend lines and where the price action lies at the moment within the trend. This could be another short opportunity. However the MACD is meddling with a cross which may signal that waiting for confirmation may be best. Lets wait and see if this gets rejected at 240. If it goes to 244 its a buy. If its rejected at 240 and we bounce back down to 237-238 its a short opportunity.
BITFINEX:ETHUSD
by ChristopherCook
CRC short term bearish on the retracement, long term bullish. CRC reversal confirmed on august 24, 2018. Continuation of primary long trend. Optimal entry point would of been around 32.50. Currently over extended expecting a 1/3-2/3 retracement. Based on previous trends I expect this to retrace to 50% around 36.00. At which point long term primary trend will continue with an average target of 45.00 which is approximately 25% roi -1.17% . The main idea right now is to see how over extended the current rally is and a retracement is imminent. We can also see volume divergence with the current rally which is considered bearish . Depending if volume contracts or expands on the retracement we could easily bounce at 1/3 = 38.00$, or 2/3 = 34.00. Short term bearish , long term bullish on CRC 3.03% . the blue channel is where i expect the retracement to occure where the yellow trendlines represent the 1/3, 1/2, 2/3 possible retracement areas.
NYSE:CRCLong
by edwinguy99
$AMD Laying Down Tracks on HUGE Volume Today$AMD - A volatile day today for Advanced Micro Devices after the launch of a new Radeon server card specifically for data center virtualization. Up over 10% through mid-day, only to retrace heavily closing up around 5% on the day. Once this latest hype cools down I expect some further retracement back out of overbought territory with a couple gaps to fill in the $22-$24 range. Volume today of ~320M very impressive to say the least. To put that in perspective...that's essentially the population of the US. It's also about 100x the volume on $AMZN today. Note: Informational analysis, not investment advice.
NASDAQ:AMDShort
by Triple_Barrel_Capital
1
GBPUSD is Forming BEARISH CYPHER - Potential for Reversal!Hey Everyone, In our previous analysis we bought GBPUSD with optimal targets hitting now we'll sell it for a correction, Small targets, Formation of Harmonic Pattern - BEARISH CYPHER Identified on H4 chart as well as slightly overbought price action and hence we'll be shorting GBPUSD with these preferences, GBPUSD SELL NOW or 1.29227 STOP LOSS - 1.30017 TARGET - 1.27472 More updates will be posted under this thread, have any doubts? then, let us know in the comment section below and make sure to give this analysis a Thumbs UP +_+
Short
by BloomFisher
6
EUR/AUD - Time to go ShortHello traders, We are looking to short EUR/AUD soon. RSI overbought on all timeframes and a retracement is needed soon. This trade has 2 TP so 50% lot on each target. SELL from the sell box, and target should be reach by end of the week. I will update this trade soon! Also i have now a FOREX SIGNALS Telegram Group, wich is FREE, on wich i provide multiple signals a day, news and provide you with Forex content. If you are interested in joining my group for more trades like this, be sure to hit me up in my DM or comment below!
Short
by RodrigoFAC
7
EUR/JPY - A great opportunity to go SHORTHello traders, As you have noticed EUR pairs are extremely overbought and altough theý are bullish now a retracement is always needed. As this is a risky week to trade watch out for your risk managment and We are going for a moderate high RR ratio. I have detected a bearish divergence on RSI on 2HR time frame and some movement down is expected. I will update this trade soon! Also i have now a FOREX SIGNALS Telegram Group, wich is FREE, on wich i provide multiple signals a day, news and provide you with Forex content. If you are interested in joining my group for more trades like this, be sure to hit me up in my DMs or comment below!
Short
by RodrigoFAC
Dollar Movement for Upcoming WeekHi traders! Last week must have been quite a nasty week, isn't it? The dollar was moving strong and steadily and suddenly, it just kept heading south. I must admit I was also too caught up in the dollar domination mentality, but with good risk management, it did not hurt my trading account much. This is why risk management is so important despite a trader has a very good trading skill. Because events like this will hit you one day, and risk management is here to prevent you from losing more than what you should and allows you to recover and reanalyze the market to make a better trading decision. So why did the dollar head south? It was not without a good reason. The answer is simply overbought. The volume of trend harmonically is about 2.3 dollars, and this time around, it has hit 2.7 dollars, about 0.4 dollars more than the usual. There could be more retracement during this week as the dollar has yet to find a landing place for a good support, but will find one very soon.
TVC:DXY
by AlgoVenture