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EURAUD | SellHi, We got a bearish candlestick pattern on the 4H chart called Evening Star. The rejection came from the EMAs crossing area and the old strong support area worked perfectly as a resistance. Actually, the biggest action was made on the Daily timeframe and on Friday. At the moment, the current price action just confirms Fridays bearish Engulfing close. The entire setup: 1. Daily Bearish Engulfing, it got a rejection from EMA 50&100 and 2016 worked as resistance. 2. After the Bearish Engulfing, a classical pullback which found resistance from the old support level and from EMAs - 50, 100, 200. 3. It got a rejection from them and the rejection ended with a bearish candlestick pattern on the 4H timeframe - Evening Star. 4. The Evening Star closed below the round number and basically, it is ready to go into the lower levels :) If the price starts to move inside the descending channel then the major target should stay around 1.60700 Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Regards, Vaido
Short
by VaidoVeek
1
Pair Trade Setup : Short Sanlam vs. Long Standard BankSanlam has outperformed Standard bank by a margin of 27% from the lows we saw in May of this year. The chart of their relative ratios ( SLM / SBK ) has now approached an important area of resistance (0.46 to 0.477) which has been in place for the last two years. If you take a look at the individual charts of the underlying counters, one will notice that Sanlam has once again turned off important resistance levels between R82 and R85 while Standard Bank is not trading too far away from its 200 week moving average which has provided important support for the stock over the last two years. In Addition, the Standard Bank daily chart is trading in a triangle with support some R2 away from current levels. This would support my view on the pair trade as i believe that Sanlam will under-perform Standard Bank going forward, or at least, there is sufficient reason to believe that Standard bank has a better chance of climbing higher than Sanlam at this point in time. In Addition, the MACD indicator has made a lower high even though price made a slightly higher swing high which further reinforces my view that price action is weak and should see the pair ratio revert lower. SLM -> PE ratio: 22.2x DY : 3.85% SBK -> PE ratio 9.8x DY: 5.69% From a fundamental perspective, Standard Bank's Price to Earnings Ratio is not demanding whilst also boasting a much better Dividend yield. Suggested ratio entry point : 0.463 - 0.475 Suggested ratio stop loss: closed above 0.480 Suggested ratio exit point: 0.427 to 0.433 To be entered at a ratio of 1:1. i.e 100k nominal short position in Sanlam vs. 100k nominal long Position in Standard Bank. Assuming we entered this pair at 0.465 today, used a stop loss at 0.480 and locked in profits @ 0.43, we are risking a move of 3.2% against us to make a potential profit of 7.5% for a risk reward ratio of just over 2.3x
JSE:SLM
by MarcoOlevano
USD/CAD CUP AND HANDLE PATTERN:- LONG OPPORTUNITYHey Guys, Today am looking at USD/CAD the pair that is about to surprise many traders if they do not take their time to look at it carefully. This pair is at crossroads. It could go either way with this pair and so the most a seasoned trader can do is to focus on how to leave the least probables on the table. It is not secret the pair has been on a fair rise for the last 6 years. So the question is what is planning to do from here. In my closer analysis I found the cup and handle price pattern. Now I am of strong opinion that the pattern has set up the pair to maintain it's bullish outlook. I am watching and expecting the pair to reach 1.66645 which is a 30%. Please again approach this with caution and study the price and what action it brings. If you get a breakout and a confirmation then hop in. That is the only way to trade successfully. If not then follow the pair downstairs as it goes bearish.
Long
by maybacapital
EURBGP 30/09/2019Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot. If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :) We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM. CHARTS AGENDA: SM - SMART MONEY PA - PRICE ACTION BITCOIN SIGN - MONEY POCKET ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS BLUE LINES - ENTRIES WITH SM MARKED LINES - POTENCIAL ENTRY POINT BOX - GAP's GOD BLESS U ALL!
by Snipers-Academy
1
USDJPYWe are support level on every angle 1. Green box 2. EMA 3. Trend line 4. Fibonacci level 5. Oscillator sent buy signal 3 candle ago 6. Candlestick signal Summary : I guess you have seen it =)) Second Scenario: Breakout to the downside: We wait for short signals of course and then react I'll be happy to read your opinion and ideas, Remember, we are speculators, not investors ;) Have a profitable day ________________________________________________________________________________________ Golden Trading Rules: Nothing new ever occurs in the business of speculating or investing in securities and commodities. ________________________________________________________________________________________
by Aidin_Jabarpoor
Pair Trading Idea DUK/XELDUK and XEL have a 84,3% correlation over 60 market days. Applying some of the most popular indicators on the pair DUK/XEL shows an interesting pattern. While XEL has been clearly outperforming DUK since several weeks, a trend reversal seems to occur. DUK might catch up in the coming days and weeks. The daily and the weekly RSI (1st indicator at the top "Ultimate RSI Multi Timeframe"), the Wave Trend Oscillator (2nd one) and the ultimate MACD oscillator (3rd one from the top) reversed recently from their lower ranges. The Squeeze Momentum Indicator (at the bottom) shows a nice divergence, which is also observable on the RSI . The setup is worth being given a shot: Short XEL, Long DUK . The strategy is market-neutral and is profitable when DUK starts to outperform XEL. Follow me to get regular pair trading ideas!
NYSE:DUK
by Optionopedia
Pair Trading Idea JPM/PRUApplying some of the most popular indicators on the pair JPM/PRU shows an interesting pattern. While PRU NYSE:PRU has been clearly outperforming JPM JPM since several weeks, a trend reversal seems to occur. JPM might catch up in the coming days and weeks. The daily and the weekly RSI (1st indicator at the top "Ultimate RSI Multi Timeframe"), the Wave Trend Oscillator (2nd one) and the ultimate MACD oscillator (3rd one from the top) reversed recently from their lower ranges. The Squeeze Momentum Indicator (at the bottom) shows a nice divergence, which is also observable on the RSI. The price action confirmed the reversal in the last days. The setup is worth being given a shot: Short PRU, Long JPM. The strategy is market-neutral and is profitable when JPM starts to outperform PRU. Follow me to get regular pair trading ideas!
NYSE:JPM
by Optionopedia
GBPPLN: Strong Sell Opportunity.The price has crossed into (and naturally/ technically rejected) the long term 4.9427 - 4.9877 Sell Zone on the Monthly Chart (RSI = 50.902, STOCH = 54.497 on mixed MACD = -0.093, Highs/Lows = 0.0464, B/BP = -0.0035). This calls for an optimal sell opportunity with a long term TP = 4.7600. The Buy Zone is illustrated on the dashed green lines for those who wish to take profit earlier. Keep in mind that based on the price action of the past 18 months, the price is more likely to drop now towards 4.8200 and revisit the Sell Zone before the last attempt towards the Buy Zone (happened on the last two occasions). ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope