SPYThese are levels that I'll be keeping an eye on when dealing with SPY, and I'll revise as price action progresses.
I adapt to the change in money flow.
I'm projecting it to head lower after a potential upswing to the previous weekly high that can possibly take place sometime next week.
1st area of interest is the $320 - $338 range, and if that can't hold price then I can see it dropping even further. Price is forming a roundabout swing to the downside so that's promising for the range that was mentioned.
Let's all watch this together! 👀
Ppz
$BTC Bearish Pennant spottedHere we have very strong support. Really very strong, because it is a global Price Pivot Zone.
The main resistance is now much closer to the actual price. So interesting setup there.
Pretty clear Bearish pennant spotted on 1H timeframe.
In this case, we will go down to ~$6200-$6450 zone
AlT: Local updated channel if we will break this main resistance. And it can be broken only with only strong impulse.
Very hard to choose the direction right now. So I will leave it as Natural.
-TECHNICAL ANALYSIS CENTER--NEW SIGNAL-
Type : Pending Order
Date : 26.8.2016
Time : 00:30 GMT+1
Technical : PPZ Trade
Pair : EURGBP
Timeframe : Daily
Trade setup : Sell limit
Entry at : 0.86066 ( 55 pips left )
Take profit 1 : 0.84985 ( 110 pips )
Take profit 2 :
Take profit 3 :
Stop loss : 0.87147 ( 110 pips )
Risk reward :
TP1 – 1:1
TP2 –
TP3 -
Our risk :
- Touch trades/Wick plays = .25-1% risk depending on the situation
-TECHNICAL ANALYSIS CENTER-
Note : Just to show you what mean PPZ.
Posted alert : 26.8.2016
Pair : EURGBP
Trade : Sell limit
Analysis link :
EURJPY daily reversal potentialPrice formed yesterday bearish engulfing indicating probable incoming reversal. I will enter on last daily candle low break(-5pips) and aim for the previous S/R area. Initial SL near last daily candle high. Weekly chart shows also a lot of bearish potential with better divergence and possible pin bar.