DXYI'm going to wait to see what will happen at wave(v), A price rejection and a bearish setup will have a potential target to atleast 99. Potential Reverse pattern(bearish bias)
Reverse
Engulfing kicker at daily resistanceHey guys,
today i want to share a traditional structure based trade that's on my watchlist today. On the left hand side of the chart you can see on NZDUSD we are fronting a key resistance level that may stop price action's rally. If you follow me for a while you know i'm a conservative trader and that i need additional reasons for entry in order to set my orders.
On the 4 hr chart (on the right hand side) you can see a closer look to the last price action's movements. Price's forming a triple top right now with RSI divergence. From my bigger view i know i want to be bearish and then i'm considering only shorting opportunities.
Price is also putting an engulfing kicker which i sometimes use as reason for entry. And that's the case!
If the current candle will close below the previous opening i'm going to sell this. With targets and stops as indicated above.
Let me know if you have any doubt.
Otherwise, see you in the next chart!
GOLDGOLD
sell stop @ 1199.90
stop loss: 1209.50 (96pips)
take profit 1172.10 (278pips)
1:2.9 risk to reward
MSTX on the eve of a pivotal Merger CC: CHART ANALYSYSMSTX (Mast therapeutics) shareholders have been overdue for some good news after the SEP data disaster wiped out nearly 80% of stock value dropping it from the .60s to a range of .10-15.
VAPOLAXOMER* was a novel technology designed by MSTX to help ease sufferers of sickle cell anemia that ultimately was proven ineffective and was abandoned.
Left with only AIR001, an inhaled sodium nitrite solution to treat heart failure with preserved ejection fraction (HFpEF) currently in Phase 2 development, MSTX had essentially become a shell with no substantial news until Q1'18.
Now MAST and SAVARA (a private company) have signed a DEFINITIVE MERGER AGREEMENT in effort to form a company focused on the development of novel inhalation therapies.
This reverse merger is essentially serving as an IPO for SAVARA and is likely to cause a nice pop in MSTX pps and a small P&D type move that could easily see pps of .33-57ish, potential gain % in the 200 which makes me a short term LONG but ultimately neutral.
Mast and Savara will hold the conference call TODAY Monday, January 9, 2017, at 8:30 a.m. EST / 5:30 a.m. PST to discuss the transaction. To access the conference call dial (855) 239-3120 from the U.S, (855) 669-9657 from Canada, and (412) 542-4127 from outside the U.S. and request the "Mast-Savara Conference Call". A live webcast of the conference call will be available from the Investors section of Mast's website at www.masttherapeutics.com
SIMPLE CHART ANALYSIS
SUP: backsliding is not likely to happen but if so look for a entry op @.0925-975
REALISTICALLY .095 should be the bounce point
RES: look for selling in the following zones WEAK @.107-12, MID @.13-15, STRONG @.17-26
REALISTICALLY .24 is the RES to look for
Notable RES:
W MBB @.1836/EMA50 @.2634
D EMAs .1175/17/25
-woof
Another 2618 in daily structure levelHey guys,
this is another chance to get involved in a shorting opportunity given by a 2618.
Here we have a double top at a previous daily resistance level (black line) and near to a psychological number (1,49000); by breaking the double top in a downward direction price is giving us reason to believe that the trend is now reversing.
The pullback is beyond the .618 retracement and we also put an engulfing candle.
That's enough for my rules.
I will enter the market and double my position, one at the retest of structure and one in extension.
Let's see what happens.
If you want to ask me something, don't hesitate to comment.
Strong Support AreaHi guys,
The market has reached a very powerful support area and is expected to revers or continue going after a consolidation period
Reverse head and shoulder formationThe AUDCAD shows in my opinion a reverse head and shoulders formation and could be break out to the upside in the near future.
Near the necline is a resistence between 0.9580 and 0.9600. This area was tested back in march this year and november last year. Also around May the price moved around this area.
I will watching this close and update if a good opportunity for a trade is showing.
Thanks
Dennis
Long Opportunity will come soonNZDUSD have clearly buying Opportunity , So i will looking for Low Risk buying Dip if market made .
Another free trade.You must short this one.I know CHFJPY is not a common pair but I can not leave it when I get a signals. Right now the market is on the resistance. On one hour time frame, the market formed a doji. It is having difficult in crossing that level. There is a high possibility the market will reverse and continue with downtrend. I will hold a little and watch how the volumes will appear and then I will decide if I will short this trade. May the market favor us.
AUDUSD is about to reverse. Look at this!lOn an hourly time frame, AUDUSD has been in down trend. On 21st Jan at 15:00 the price crossed the 200 ema. This shows that its getting ready to start an up trend. Last night before market closed, it touched the 20 ema and nearly touched the 40 ema. CCI (20) is already at the oversold. We expect the price to continue in the uptrend, this is just a pullback. Pullbacks can really make you money. Volumes are really low and the candles are narrow so if this continues in the next few candles I will be looking forward in taking a long position targeting 30 pips and stop of 15 pips. Let's wait and see what the market decides.
Where is it heading to?Amazing harmonic moves for this pair show where price could heading to. Last harmonic shows an interesting confluence with a major weekly resistance.
Wait for retest of the recent broken structure to get involved short.
Stop and reverse at significant weekly resistance.
EURUSD possible reversal 'taking top and bottoms'Market have completed impulse Elliott wave pattern down at the Fibonacci confluence zone piercing price 1.07 level. This is possible strong support zone and a correction could follow. There is possibly strong resistance zone near price level of 1.09. No trades should be taken if price close daily below 1.07.
My trade plan:
look for reversal confirmation signals for long trade in smaller time frames. This is just a correction, that's why long trade should be short term and stop loss should be placed in safe zone really. There is possibly inverted head and shoulders pattern in H1 time frame so possibly follow the classical rules of trading it.
! RISK DISCLAIMER !
All information I provide is my own trading Ideas. It is not any kind of recommendation to make trading decisions. And it is not recommendation to use any details about trade such as stop loss or take profit levels. Trading on financial markets is very volatile and risky, that why it is possible to loose all of your capital in very short period of time.
EUR/USD H1 ,PATTERN 3 SIGNAL FOR SELL THAT IN CHART EXPLAINED.
PLEAS READ TILL UNDERESTAND.
THANK YOU.
DXY approaching a critical area of resistance also 0.236% fib.The Dollar Index (DXY) is close to a zone of resistance around 92.88 which is also 0.236% fib. Is in this area that I am waiting for a long time to reach and we might see a short to medium term correction or even reverse if the greenback shows some worrying signs.
ADEP Potential Trend Change - Reverse Head and SholderADEP, or Adept Technology, is a robotics company focusing on industrial automation, as well as software and vision guidance. Recently caught in a downtrend, ADEP seems to be making a reverse head and shoulder pattern, which could be confirmed within the next week. On the 15 min chart, there is also a cup and handle forming which if confirmed, could trigger a breakout.
This puts the:
--Buy point at 9.02 (on HIGH volume)
--Stop at 7.71
--Target at 11.17 (Using the formula (neckline above the lowest point - lowest point)*.7 + breakout point) and then rounding to the nearest resistance line.
However, beware; if a breakout does not occur and the recent slight uptrend is broken, the stock could hit 7.72, and later 6.66
