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Selltherally

What's next for usdjpy ?Last week usdjpy plummeted to 130. But this pair is still strong enough to hold above 130 level. So what is the scenario for this week? From my view I would prefer to sell the rally. There are 2 possible zones to go for short. 1st one is around 135.583 area (red horizontal line). 2nd one is the red rectangle area, 137.35-137.75 zone. In my humble opinion we can stop if price break above 135.583 area then re-enter arounf red rectangle zone. Stop again if the price break ABOVE 137.75. The target profit zone is the blue rectangle. Trade well and wisely. 🙏🙏🙏
Short
by HendyHalim
Sell the rally for usdjpyAs I mentioned before, for this week I would prefer to sell the rally for usdjpy. U may refer to my previous analysis which titled alternative scenario for usdjpy. For these 2 days price rallies upward. I think this is gonna be chance ro reenter sell again. I have defined the selling area and the tp area. U can stop if the price break the blue lower trend line (see my previous analysis of usdjpy which titled alternative scenario for usdjpy) Trade well and wisely. 🙏🙏🙏
Short
by HendyHalim
Sell The Rally For GoldOverall trend which is shown by d1 chart xauusd remains bearish. Candle is still running below ma 50. Candle is running below the cloud of ichimoku too. But macd is crossing up below 0 area upward. For this sort orf market I prefer to sell the rally. The moment would be whenever gold rally up near the upper parallel down trend chanel. That is the moment to SELL this week. 🙏🙏🙏 I will remain bearish for gold until the d1 candle able to breaks above and stays above the cloud of ichimoku.
OANDA:XAUUSDShort
by HendyHalim
Update For This WeekI tried to study the drop on July 22nd to determine if there were 13 waves for a corrective Minor wave 4 or if there were 21 waves for the first wave 1 in Primary wave 5 down. I saw the former more than the latter. If this is true, my previous forecasts are only off by 3 days and the levels to which they finish will remain with the exception of the wave 4 to wave 5 duration calculations. If the markings on this chart are true, the market should leap up tomorrow. Consumer confidence numbers come out 30 minutes into the session, however, the data is delayed as it does not depict current consumer conditions. A jubilation of this reading could get us up to and above the current recent high of 4012. This would mean the final top would likely arrive before the Fed announcement on Wednesday at 2 pm eastern time. This chart would be wrong and the complete prior forecast is valid if we drop below 3940 and then 3902. Tomorrow should tell us where we are heading this week. We should ultimately begin moving down toward 3400 by Friday.
SP:SPXShort
by StockSignaler
BHP - FUNCHARTS: Should we buy the dip?Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. BHP has sure been belted, but should we catch a falling knife? - Let's take a basic look at BHP using a very short term strategy. It involves using a strategy called Supertrend Strategy with a 3 period ATR input and an ATR length of 1.5 times. - Firstly, I've flipped it upside down, so we get a buy signal when the trend changes to down and a sell signal when the trend changes to UP - Now, next step, Applying this strategy to BHP, take a look at the performance report for Long Trades and Short Trades using the Performance report TAB. Long Trades Buy the Dip , Short Trades Sell the Rally - Looking at Long Trades, 66% of the time it was profitable to Buy a short term dip on BHP and wait for the trend to change back to up, after which you exited the long position. The profit fact was 1.77. No stop was used in the analysis. - It was also marginally profitable to sell short term uptrends in BHP, meaning trend of less than 30 days didn't persist all that often. - What's the verdict? Buying short term weakness in BHP and selling short term strength has made money in the past. BHP is typically a very choppy stock. I hear what you're saying, you'd like to know if buying the current dip we are in will result in a profit? Based on this analysis BHP will usually stage some sort of rally in a downtrend and you would have make money 66% of the time historically. But looking at external analysis I'm not overly confident just yet. When I'd like to get in. Take a look at the blue histogram on the chart, if it goes below -10, I'd expect the odds to be pretty good for a rally of at least a few days, if not more. That means any further (significant) downside could be an opportunity for a countertrend mean reversion play. It'll be a day where there is blood on the streets for BHP.
ASX:BHPLong
by andrew.gibbs777