Overbought
EUR GBP - Short Opportunity - 1D, 1W SellWELCOME TO MY LEARNING F* PAGE!
Hi there, EURGBP is entering ideal sell zone. Strong resistance and reversal price action is most probably!
GOOD LUCK and take entry according to your balance.
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GBPUSD Short Term SellAs seen from the chart, price of GBPUSD currency pair has failed to close above 4H resistance level.
Price is now expected to bounce off the resistance level and move towards to next support level and thus, making this a potential short position.
All these can be further confirmed by RSI and Stoch being in overbought zones.
Do let me know what you think.
ETHUSD 4H WILLIAMS %R MOMENTUM STRATEGY SHORTStep #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by
a Series of LL.
The definition of an downtrend is pretty much standard. In an downtrend, we look for a series of
lower highs followed by a series of lower lows. Two LH followed by at least another two LL is
enough to define an downtrend.
A lower high is simply a swing high point that is lower than the previous swing low. While a
lower low is simply a swing low that is lower than the previous swing low.
We all know that the trend is our friend, but without momentum behind the trend, we might
actually not have any trend.
In order to gauge momentum besides reading the best forex momentum indicator we also look
at the actual price action.
Step #2: In an Downtrend Look for Bold Candlesticks that Close Near the Lower
End of the Candlestick
A common concept in technical analysis is that you want to use multiple confirmation signs
when buying and selling. This will increase the likelihood that’s a high probability trading setup.
In this regard, the momentum trading strategy besides using the best Forex momentum
indicator also incorporates the price action.
A practical way to read momentum from a price chart is to simply look at the candlestick length.
What we want to see in an downtrend is big, bold bearish candlesticks that close near the lower
end of the candlestick.
Step #3: Wait for the best Forex Momentum Indicator to get overbought (above
-20) and then rallies below the -50 level before Selling.
We’re going to use Williams %R, the best forex momentum indicator in a smart way. In an
downtrend, we sell after the best forex momentum indicator has reached overbought conditions
(above -20) and then rallied back below the -50 level.
Now, we have confirmation from both the price and the best forex momentum indicator that real
momentum is behind this trend and the probabilities are in favor of more downside prices from
here on.
Note* If the best forex momentum indicator continually stays in oversold territory (above
-80 level) it signals a strong momentum and conversely a strong trend. Inversely the same is
true in a uptrend.
Step #4: Place Your Protective Stop Loss above the Recent Higher High
We want to hide our protective stop loss above the most recent higher high level that formed
right before the best momentum trading strategy issue the sell signal.
Alternatively, you can also trail your stop loss above each most recent higher high. This strategy
will allow you to lock-in the potential profits in case of a sudden market reversal.
Step #5: Your choice how to Take Profit or Tke Profit once we break below the Previous Lower Low
A trend in motion can stay in that state longer than anyone can anticipate and since we want to
maximize our potential profits we let the market tips it hands before liquidating our trades. In
this regard, we look for a break in the trend structure respectively a break above the most recent
lower low.
Alternatively, you can take profit once the best forex momentum indicator breaks above the -50
level.
Note** The above was an example of a BUY trade using the Best Momentum Trading Strategy.
Use the same rules for a SELL trade. In the figure below you can see an actual SELL trade
example.
BTC justoverboughtinm my point ov view, bitcoinCASH is actually slightly overbought,
this might be a nice chance for selling some bch if you have, i wont sell too much in a single trade, but from now there is a nice probability for five to ten percent cheaper "Cash" prices just (again) the next days, i defined first goal at 840 USD and 770 USD
Dow Looking DownAs we come to the EOM, a pretty well defined Monthly bear flag can be seen in the Dow Jones Industrial Average. Alongside this bearish setup, the current trade war is posing a big threat to global economies. Rising interest rates, tax cuts in a growing US economy, trade war threatening growth across the globe, this is not a time to be complacent in my opinion.
Furthermore, take a look at China's primary index (Hang Seng -- HSI) on the Monthly chart. A very similar pattern occurred there before the heavy selloff that we are seeing now in China. Could definitely see some turbulence ahead. But as always, no guarantees.
USD/CHF - Wedge + Bearish Divergence + RSI OverboughtAfter today news USD went crazy high, and now it is time for a correction.
I see some bearish price action in the charts, and we should be coming down soon.
Do not use a big loss as this is still a risky trade.
U can go for a bigger SL if you wish too, volatility is still high.
What is your opinion? Do you agree?
If you like my trades, dont forget to leave a like or comment below! :D
I will update this trade soon,
Mr.TTT
TSLA at the Top of Fib Levels. Short Anyone?I feel that I could write a book on the many reasons to short Tesla fundamentally; whether for the intense cash burn, lack of production know-how and legal and mechanical issues, but this becomes easier when the stock is a clear short situation.
Here, TSLA is clearly at the top of their Fib levels and is seriously overbought according to the RSI.
Even in a bull market, these kinds of setups make even the most ardent bull fear for the short-selling army.
Not only does this trade look good in the short term, but it very well could be a position to hold for a considerable time.
Know, however, that there are chances that when TSLA runs out of money there very well could be a buy attempt by another firm, so needless to say this trade is not without risk and profits should be taken accordingly.
Disclosure: Disclosure: I/we have no positions in any stocks mentioned, and have no plans to initiate any positions in TSLA within the next 72 hours.
BTCUSD short squeeze incoming! comparing btcusd longs(red line) btcusd price(yellow line), you can clearly see what happens when the shorts start taking profit.
daily RSI is over bought for Shorts.
this can continue for a couple of days/weeks/months/hours/mins/sec. but when the shorts start taking profit and stop losses forcing retail shorts to close and then we officially will have a "Moon" scenario.
Trading levels for 06/12/2018FED DAY WEDNESDAY 06/13/2018.
Hello everybody, here are the levels for trading on Tuesday, currently there is a little more volatility in the markets, let's hope and it stays like that throughout tomorrow's day. Moving forward if market keeps pushing higher we have some resistance at 7240 to 7260, after that, it would be ATH. We had no trades on Monday, market didn't move to our entry pivotpoints, let's see what happens tomorrow.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Waiting for that NFLX ShortNetflix risk is very high and reward very low. Worst of the FANG stocks for sure. Netflix has almost doubled this year with no mean reversion or accumulation of volume A pullback on netflix could see it lose 75% of its value if it returns to weekly volume node.
I wouldn't usually short such a big gainer as NFLX, but the opportunity could present itself if it continues to rise as a parabola could short when that parabola breaks. I would watch for major momentum shifts downward, blow off tops, and break in upward trendlines to find long-term shorts with good R:R.
Somewhat unrelated but if the global market goes bearish long term, Netflix would see the largest downside of the FANG stocks. I am not doom and gloom on the market or anything. I think finding some short opportunities both short term and long term is a good way to keep capital safe from unexpected market swings so we should always keep it on our minds and allocate some earnings to bearish plays when opportunity arises.
By the way. Great alternative to NFLX in entertainment space is DIS:
- Netflix net income: $671 million
- Disney net income: $11.5 billion
- Netflix market cap: $160 billion
- Disney market cap: $149 billion
Disney is at major support here, and a break down from a symmetrical wedge on the weekly is unlikely. Disney is generally safer being long established and dividend stock, but especially safe and bullish right now per its chart.
Netflix NTFX is the most valuable media company in the worldIs it overbought, I think so. NTFX is trading at over a 200 P/E ratio. RSI, williams and macd are all in overbought territory. The hype behind this subscription based app is strong. Could it keep running? I would lock in profits this isn't BTC. "Pigs get fat hogs get slaughtered". Watch for the inevitable pullback and correction.
USDJPY short-term bearish signalThe daily graph is showing something completely different to the weekly, the daily graph is showing that the price may not be able to breakout this triangle on this attempt. This can be seen by the overbought signal that is being seen as the price gets closer and closer to the resistance level of the triangle. I would keep everyone updated on any signals that I am able to spot over the next few days,
ZNGA Bullish Uptrend - Currently at $4.18Currently Overbought with a strong uptrend; ADX over 31 with DMI + over 28 vs DMI - 9.
Entry / Support $4.00/$4.06/$4.09 Pivot $4.15 Resistance is $4.24/$4.3/$4.39/$4.41. I have entered this at $3.75 still looks bullish to me.
If you are looking to enter I would look to enter at around $4.06 to $4.15 and look for the up trend to continue.
Stop loss would be around the $3.90.
WTI: USOIL Still on Target for 86.33 but overbought near-termWTI USOIL
After consolidating off the 66.48 line but never threatening
long stops under here WTI has pushed 550 pips and more
higher to 72.28 so far. It's a little overbought in the near term
and looks like it will consolidate back to 70.69 and then
bounce 150 pips or so - and then come back again, doing so 3
or 4 times before it pushes higher still.
The overall trend is still positive and will remain so as long as
70.37 holds in the near term and at the worst the 69..48 line
holds up on any retests from here. Swing traders can leave
long stops below here and let it run for now towards 75.28
and eventually to 86.33 (which is the minimum upside target
created by the reverse head and shoulders on last update).
[LTC-USD] BREAKOUT-EXHAUSTED-OVERBOUGHT!LTC had a beautiful break out of about 24% in just 5 days! Wow.. that was really nice. I hope we can see more like that soon. This bullish sentiment is on fire, now, and I can see both American , European and Asian markets finally all collectively work together in team play moving up the volume and price action of all crypto across the board. What a relief! Finally, we have some nice price action after 4 months of bearish activity since Jan..
LTC is completely overbought and I am not touching this until it corrects again between $161-171
PS. This is not financial advice, this is only for education purposes and I suggest you perform your own TA.
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CryptoBuzzAnalyst