Shortposition
EURUSD CONTINUATION DOWNWARD?Added another sell position. EURUSD bounced off daily support and I can see it falling further down to weekly support @ 1.04421, there's consolidation on the 15M time frame and with the trend still pointing down and higher timeframes still hovering below 50 & 100 EMA's I don't think EURUSD will be making a recovery yet, especially with the war on-going.
SHORT GBPJPYSHORT GBPJPY @ 154.60
TP: 149
SL: 158
With the way things are playing out in Russia and Ukraine, a strong risk off mood has entered the markets. I have decided to sell the break of the 61.8% Fibbo in GBPJPY as I believe this will continue to grind lower in the coming days. I will continue to sell rallies in this pair all the way up to 158 lvl (although I don't expect it to go this far if things continue the way they are). If the war subsides and the markets turn to risk on again, I will re evaluate this idea. Stay tuned until then. Adios and Good luck.
Also short AUDUSD, CADJPY, CHFJPY & GBPUSD!
Comment if you want to know more!
FTSE100 Major Resistance Coming up ahead of CPI DATA SHORT I will be looking to take a short based on the following analysis .
FTSE Approaching Major resistance with a HVN *High Volume Node up ahead as well as untapped Monthly and Daily levels .
If this plays out I would expect PA to gravitate down to the 0.618 FIB for a strong level of support
Housing the 9 , 30 , 50 and the 100EMAS all clustered in-between the 0.66 and the 0.618 FIB as well as a SPEED FAN 0.5 crossing through this range 7350.
The Analysis does coincide with some Fundamental data released tomorrow for the UK "CPI DATA YoY " Consumer Price Index in which case
the actual CPI numbers have been higher than forecast spanning the past 18+ months so this could be the precursor for the drop tomorrow with a continuation of that trend.
Please like and follow for regular analysis . Much appreciation
* Left out the EMAs too keep the chart looking clear
EUR AUD ShortEUR AUD formed a head and shoulders pattern that is heading downwards and on the right side of the pattern has also formed a reverse falling wedge and has retested so that the targets are TP 1 and even TP 2. But if the HNS pattern is perfectly formed then the targets are TP 3 and TP 4. can go to TP Bonus.
Daily Short Parabolic Stock Ideas for my followers!! Follow Me I decided to start this new format to take advantage of short opportunities that arise when a week stock has gone parabolic.
I have some criteria to sift through opportunities and choose the best:
1) The company is relatively unknown (normally belongs to the OTC market) and financially weak (medical companies normally satisfy these criteria)
2) The company has been on a long downtrend
3) The company has made a large move to the upside (greater or equal to 15%; NEVER SPECULATE ON A COMPANY THAT HAS RISEN LESS THAN THAT IN FIRST DAY OF EXPLOSION). Also consider that the green explosion has to be from a relatively full green candle.
4) Before the upside movement, the chart should have formed a falling wedge (which it has broken after the first great upward movement)
5) After several days, an inversion pattern should form (most usually a double top) and that pattern can be used to short the stock according to standard rules
Short stocks to keep an eye on for short opportunities:
1) KALA
2) KAVL
3) COE
4) LBPS
Lift is breaking down $OTIS- Know when is the top
- Dont have to FOMO as there are millions and millions of set up / assets
- Identify the top
- Wait for price to go below 10/ 40
- Wait for formation to appear
- Very clean chart
- Break down uptrend support line
- Break down the support line
- Gap to fill