Don't Sleep..EURUSD Cypher Completed (1HR)It's funny how many can doubt the efficacy of the fibonacci tool when we see consistent reoccurences of such patterns in the marketplace. As I had charted a 4H cypher formation on the EURUSD, a mini cypher on the same pair (EURUSD) formed and completed right under our noses. Just goes to show you that you never know when the right opportunity may strike. Please use this as a study tool as need be, for I will be publishing this just for studying purposes as well. :) Cheers, and happy trading!
-John, J1TFX
**note** I accidentally labeled it as a 30 minute cypher. It was a cypher that I caught on both the 1hr and 30min, so it makes no difference.
Short-trading
Watch Breakout, Trend almost finishedNZDUSD ending the uptrend, wait the breakout and go short until trend line and see if break trend line and continue down or make another correction.
NZDUSD llegando al final de la tendencia alcista, espere la ruptura y entra en corto hasta la tendencia, este atent@ si rompe tendencia para seguir en largo o hace otra correccion.
GBP/AUD setting for lower levelsPrice found resistance at 1.67-ish level. Since then we saw a reversal and crossovers with many moving averages. I will short this position if price falls below 1.649 level. Stop will be at 1.6550 and profit target at 1.620. This gives me sufficient P:R ratio of 4.75.
From fundamental perspective one can favor the downside since China beated almost every analyst consensus number on todays news releases. (Strength for AUD)
NTNX high teens on the horizonCurrently trading at a 4 months low, Nautanix issued a weak Q3 guidance prompting the stock trade in an all time low territory. Fundamentals aside, trading over 10 times more than average volume on Friday and short float at 31%, I'd expect some sort of bounce early next week and would look for an entry around $24 or $25 if it can get up there to play on the short side. I'd expect NTNX to trade at high teens in next few weeks if it continues to trend downwards.
More details here : blog.buysellshortcover.com
Potential Short Opportunity. Upon breaking down EURAUD I was able to discover a advance pattern formation. Bullish Cypher.
Completion of the D leg has occurred and the first rejection so far has taken place. This pair can attempt the price of 1.41475 multiple times before committing to a reversal. So far, We have gotten exhausted candles illustrated in our H1 and H2 charts.
I am noticing a potential short opportunity to arise from this pattern. 1.41500 Being the utmost strength resistance.
Entry Conservative 1.41300)( Aggressive 1.41450-1.41500 (Current)
SL 1.41800 TP 1.41675 -30pips est TP-1.39950-140pips Est
NVDA - Head & shoulder formation short from $108.07 to $90 areaNVDA came up in our smart money course. It had a really long run, and now seems forming a Head & shoulder. Also seems forming a double top. We think it has very good down side potential & it can drop to $90 shortly.
* Trade Criteria *
Date First Found- February 13, 2017
Pattern/Why- Head & shoulder; Double top
Entry Target Criteria- Break of $108.07
Exit Target Criteria- $90
Stop Loss Criteria- $116.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
XAUUSD ShortTrend is fading and volume doesn't support higher prices. So far the channel is thinning as well.
This is not fancy but a simply 1 day chart.
What I have learned that trend and volume should never be overlooked.
One can scalp up and down using the channel or short everytime it hit the upper channel line since more likely for a downside.
Support seems to be at 1199.910- so that's quite a bit far.
"HTZ" Big Monday Mover "Earnings Report"Ignition sequence for HTZ. Whether the trajectory is up or down is the question on the traders mind. Everyone knows that hertz is and has been an abysmal company with improper management since mid 2014. Not only has the stock been unfruitful, but the stock is going to announce their earning report today. At the moment, the stock is in a slow agonizing downtrend. Carl Achan was a crucial billionaire investor and held major stake in the company. He recently sold off his portion as he knows that there is little hope for this dying company, which will only compound Hertz's morning Monday loss. I have created a simple support and resistance on the 15 min candle. I would advise shorting the stock once it crosses the support. If it does, a surge of sell orders should be pouring in, and possibly we can sap up some nice earnings before we have to see another hertz driving around. Happy trading!!!
Thank you for your time.
Insta @zillionare_zone
UsdJpy waiting for Sell ConfirmationWe've recently seen UsdJpy rally like crazy. It has now stopped at the Daily Key level. a distribution triangle has been formed and now it is moving sideways on the lower timeframes. We are waiting for a flag pattern to form to be able to get a big bearish move.
Anyway, we are on holidays and the markets will be acting strange as the New Year is coming. No big risks will be taken on this trade.
Merry Christmas to All !!!!!!!