We should see some resistance out of this level at 166.000 for either a big retracement or even a move all the way down to 160. I will probably wait until the start of next week before even looking at taking entry, remember even if we do see a move down to finish the week there will usually always be a second opportunity to get into the trade.
Energy prices are rising and it helps Canada to be valued higher On the other hand, there is a risk that many sellers are waiting to hear the news of the nuclear agreement with Iran Short position in higher value of USDCAD it can be a good idea sellers are waiting on supply area for this pair is 1.32941 to 1.3399 area
Hey all, if you swing by my page, I've long been a massive NVDA bear, along with semiconductors as a whole; I think they're due to go much lower. Right now, I believe I saw somewhere that NVDA is the most shorted stock in the stock market. I worry that this trade is too crowded, evidenced by the fact that I exited my NVDA short earlier today(Probably a little...
Hey guys just updating my position on GBPUSD nice push down straight into profit and risk free from entry, have secured 40% profit and now just letting the rest run risk free.
Was long NFE looking for the breakout to 55 , now looks to have been the climatic top and an opportunity to short. A loss of 38 I think we see more downside. Although there are some S/R and demand zones below they don't appear to be as strong until 27 zone. Will use 10 MA as stop (close above)
uni local momentum looks done. waiting for confirmation with loss of the blue box. really looking too long in on a higher time frame, but might pull the trigger on a short if we get the confirmation.
Watch for ZIM to close above the strong trendline it's been following since inception, otherwise implications are more downside. Rejected twice now, expecting a move to more downside , first PT $48 I'm long JUN PUTS I was very long ZIM but had to see once broke $70s and stop was triggered.
ALB big gap up before ER has me suspect... also technically it looks like FEB price action is still in a downward channel, and now there is a juicy gap below :) I like the R/R on a short before ER's move. Small size, picked up a few puts. Can also do bear spreads for less risk exposure.
Contrarian trade with everyone screaming to buy Oil Energy and Gas right now. Chart looks bearish to me and smells like distribution. Natural Gas ripped yesterday and I took EQT profits and added to XOP JUN puts. $136 first target
XOP to me needs to cool off after this monster up leg. Starting to smell like distribution with lower highs. A monster breakout is possible, but even being bullish I'd like a dip to $120 zone before the next up leg. Daily - seeing some bearish divergence on the RSI Weekly - top of channel rejection (so far) with Bearish MACD cross and momo turning...
For the shorts, more trade ideas on stocks that are still early in phase 4 downtrend IMO. BJ - see more downside, although would like a retest of breakdown for another opportunity however we may not get one, started short small size, looking for $48 zone to cover WHR - Better setup IMO, broke down then retest and rejected. Looking for $154 zone to cover
Whale opened 500 JAN 100 puts and upon checking, noticed this chart looks pretty bearish IMO. I'm swinging JUN 100 puts tight stop as I'm looking for a quick flush now that support has been breached. Any squeeze up is a better entry to short IMO, this chart is pretty ugly. Gap Fill below is target in the short term at 103.16
XOP looks like it's rolling over, or at the very least consolidating and heading back to sub 130 after rejection from trendline resistance and 30MA . Whale trade short, bearish divergences on indicators. Price target sub $130
Closed TMUS calls up about 40% and flipped to the short side. I heard Cramer was pumping this week, that alone should have been my signal, but technically on the weekly it seems to have been rejected at 135 resistance and a volume uptick this week Momo is also turning and seeing Bearish confluence in the MACD First PT $123 with a possible move down to the...
Looking for a continuation short position on AUDUSD with price making some nice moves off 0.75 on the weekly and daily. We do need to see a bit of a trend form so ill be looking for a small push back towards 0.75 then rejection signs for confirmation to take short trades.
From my technical analysis, MONTHLY & WEEKLY timeframes are well positioned at the resistance level. Daily timeframe has shifted structure. I will advise you to wait for 4H to change market structure to short. This is for SWING traders but for shorter term traders, you can adapt this to your strategy. For next week, I will be looking for long opportunities in...
Amphastar Pharmaceuticals ( NASDAQ:AMPH ) is currently at historical resistance after reaching a new high today at $34.42. It's now above the average analyst target ($28.50 as of 3/7/2022) and insiders have sold $2.2 million in the past 2 months. Earnings on March 10th. The float is near 37 million with a 5.5% short interest. It is at "risk" for a...
CCJ daily candle closed pretty bearish today, and looking at the two upper resistance lines, I'm favoring the downside trade after taking small gains on my longs. An idea would be to go short with MARC 23 puts. First target is the 20day MA (blue line) , a break lower there and I'd be targeting the trendline support (black line)