Shortset
Will Amazon continue to slide?Amazon is making perfect parallel channel and we are looking if price breaks parallel channel, short position can be opened when daily close is below 1720 for a target of 1410.
Another confirmation is to wait for bearish candle on daily right below channel. SL 1850
If price continues going down below 1410 it will complete double top formation. Price breakout below 1350 breaks neckline, and short positon can be opened when daily close is below 1350 for Target’s of 1210, 1010, 751..
Another confirmation is to look for volume surge around breakout of neckline.
Do your own research and if this matching with mine then you are ready to go!
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USD/CHF Trendline Short SetupPrice has rejected the weekly trend-line with a hammer candle indicating a sell opportunity.
The Swiss has a safe haven status and as this week has a lot of event risk and non farms for the Dollar it is likely that investors will hedge the Swiss as a proxy for Gold against the upcoming risks associated to the Dollar.
CYPHER pattern forming with good support/resistanceBearish Cypher pattern on its way to forming on Platinum priced in US dollars.
Upper black line shows good previous structure , which I use as a stop loss.
Lower black line shows good historic support (zoom out to see more), which the larger green box indicates as a third target. The other two profit targets are based on Fibonacci retracements.