Overbought
USDCAD (H4): Resistances in Play; Look to ShortUSDCAD
Timeframe: H4
Direction: Short
Confluences for Trade:
- Price at Resistance of MT Trendline (Since June 2018)
- Price at Resistance of Asymmetric Triangle
- Price at 78.6% Fibo Retracement levels
- Stochastic Overbought momentum
Suggested Trade:
Entry @ Area of Interest 1.3055 - 1.3148
SL: 1.3233
TP: 1.2858
RR: Approx. 1.80 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
GBPNZD (D1): Short Opportunity Beckons! GBPNZD
Timeframe: Daily
Direction: Short
Cofluences:
- Top of Channel (Resistance)
- Overlapping of Overbought Stochastics
- Strong Bearish Candles
- Fundamental (Uncertainty of Brexit continues)
Entry: 2.0201
SL: 2.0554
TP1: 1.9675
TP 2: 1.9158
Risk : -354 pips
Reward: +1043 pips
Risk/Reward: 1:2.94
May the pips move in our favour! Good luck! :D
ICX/BTC: Possible short term pathway back to 800 sat supportBTC moved downwards and pulled the altcoins down aswell. Going downwards on the stoch rsi on the 4h, and almost at the bottom on the daily. Will be buying back when the daily stoch hits bottom & crosses upwards. Sold 50% at 0.0000996 satoshi. I am curious how ICX will move because of the recent pullback of btc.
BTC/USD: High volume and overbought doji theoryUsing the Coinbase Dollar pair for sanity sake, a fresh look at the charts. The USD charts are still real.
The price has so far mostly sold off from the daily highs and resistance level of $6,800.
Similar to in summer, October 15th has already seen high volume (16k) and will likely surpass August 22nd
The correction for the day will likely continue further towards $6,200 support, as uncertainty regarding USDT continues.
The 10% temporary but high volume price spikes are circled in pink, reflecting a similarity worth considering.
Pink line is the extrapolation of the August 22nd bounce in price showing a target of $7,200, if history were to repeat itself.
A lot is also dependent on WTF Tether is doing.
Microsoft in watch list for a buy trade Microsoft in watch list for next week:
price will retrace (probably today 2018-09-14) and stochastic will go down.
Wait for stochastic in oversold area then buy MSFT
Costco long when stochastic confirmsLooking at stochastic, Costco is out of overbought area. When stoch will turn up, then it is moment to buy
$TWLO Trade PlanTWLO
Short Between: 85.50-89.00
Target Level: 72.00-76.00
Stop Loss: 91.20
Risk/Reward Ratio 1:3
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.
GC ( GBP/CAD) +125 pips in a day OB Vwap LevelsGC ( GBP/CAD) made +125 pips in a day at my OB Vwap Levels setup showing signs of highly overbought and the downtrend begans,
forms inverted hammer at 30 min. timeframe, my vwap levels setup is 95% except in economic calendar release and news.
Indicators/Oscillators showing signs of divergence/convergence also a good signal etc.
TLRY - 09/19Just crazy!
Closes the previous day ~$150, next day/ today has a range double the previous day's!
Today's daily RANGE $150-$300??
How much F'ing POT you guys been smoking??
This must've be some good POT the traders were on today?!
Hope you don't have the munchies?
TLRY - 09/19Set to open around the $200 mark? Not calling this the top, but sure we are pretty close to the top!
We all know how this ends? #Crypto $DRYS
$HUBS Hubspot Overbought at Channel Resistance$HUBS Hubspot - We hit our $160 target early, now looking overbought and holding upper channel resistance. Assuming we close within the upper limit today, expecting a near term pull back over next 1-3 weeks. Targeting $140-$145 range by early October.
Note: Informational analysis, not investment advice.
$OLLI Overbought - Hanging Man Candle$OLLI Overbought - appears to be topping out on low volume forming a hanging man candlestick today. RSI up close to 90. MFI topped out last week and is already turning down, diverging from price.
Expecting a near term correction out of overbought territory. Targeting mid-80s within 1-2 weeks.
Note: Informational analysis, not investment advice.
Countertrend trade ideaOnly for the brave.
Should double-top first. Just an Idea. Not a trade recommendation...extremely risky as this could fly to 50$. Tight stop (set and forget).
Short Opportunity - Structure and RSI- RSI is overbought at 74+
- RSI divergence
- Resistance confluence.
best of luck.
BTC SHORT - Stochastic overbought & price hit fibonacci 0.382 BTC SHORT Target 58xx
Stochastic overbought & price hit fibonacci 0.382
CRC short term bearish on the retracement, long term bullish. CRC reversal confirmed on august 24, 2018. Continuation of primary long trend. Optimal entry point would of been around 32.50. Currently over extended expecting a 1/3-2/3 retracement. Based on previous trends I expect this to retrace to 50% around 36.00. At which point long term primary trend will continue with an average target of 45.00 which is approximately 25% roi -1.17% . The main idea right now is to see how over extended the current rally is and a retracement is imminent. We can also see volume divergence with the current rally which is considered bearish . Depending if volume contracts or expands on the retracement we could easily bounce at 1/3 = 38.00$, 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.
EURUSD with larger timeframe trend tradeJust shorted the EURUSD on the 30min chart from the green thick line due to multiple confluences both on the higher as well as the lower timeframe.
Looking to take a 2:1 on this one.
Good luck!
GBP/USD Short Setup RSI bearish divergence illustrates price exhaustion, bearish reversal.
Strong resistance around 1.3000 psychological level .
Rejected 50 EMA on the daily timeframe.
Consolidation of price since reaching this upper end of the downwards parallel channel.
100 pips target 50 pips stop.
1:2 risk/reward.
$AMD Laying Down Tracks on HUGE Volume Today$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.
$ORLY Overbought at Resistance - Spinning Top$ORLY O'Reilly - Looking overbought after tagging resistance last week at $334 with a spinning top candle on the weekly chart. Expecting a retrace near/medium term. Targeting sub-300 by next ER late October. Full retrace back down to previous all-time high would be $291.50 area.
