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USDJPY SHORT SWIG TRADE My target for USDJPY last week got smash for the long and as I stated that price could be rallying up to make and a head and shoulders ready for the drop. As we can see on the daily time frame, price has finally broken out of the ascending wedge and is retesting the bottom trend line of the wedge formation. As it is retesting the broken wedge it is currently forming a perfect head and shoulders with last Friday's daily candle close showing a rejection off the left shoulders resistance area. Along with these confluences, all these confirmations for the short are also playing out right on the weekly 61.8% bearish fib. Personally on a lower time frame I am looking for the 4 hourly price to rise to create a double top at 109.626 area before looking to get in for the short. On a daily time frame perspective this will wick fill last Friday's candle close. For targets if we get a break of the neckline I will be looking for TP1 to be hit which is the duplication of the head and shoulders. (250 pips) If price then progresses to go bearish then i will be looking for TP2 to be hit which is the duplication of the wedge range. (400 pips) If we can get a nice entry then the risk to reward on this would be amazing....
Short
by Trap_fx1
EURUSD SWING TRADE SHORT After having a bullish run during the UK elections we have seen the weekly 50 ema ( daily Red 200 ema) been touched and rejected as well as a weekly descending trendline. As daily price has failed to print and close above the daily highs and rejected off the 78.6 daily fib level we could now see a long term bearish run to complete the bearish Gartley harmonic. If we get the price action on lower time frames we should be good enter for the short. We have to be mindful that we still have the daily 50 ema below price acting as dynamic support. If we can break through all of the above then we could see the -27% and -61.8% be hit to make new daily lows. If we get a previous support on the H4 (1.117065) broken and retested then i will be looking to short. Second scenario would be price will rally back up to make a double top of the 4 hourly structure (1.1800) which then will wick fill the previous daily wick off the 200 ema, then i will be looking to short from there. Price could possibly short off further down to fill the weekly gap in price from April 2017 which ranges from 1.08300- 0.07100
Short
by Trap_fx1
USDJPY - EDUCATION - 14. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Possible break below previous lows / support zone and psychological barrier. 4 HOUR Waving market structure with several pullbacks and new Highs / Lows. DAILY Sideways moving market right now, good long entries. OVERALL Expecting a break of previous lows with an instant pullback to the upside, strong market structure and confirmations. Waiting for the break and last confirmation to enter a position at our levels. Good luck - Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
by DACapitalTrading
16
EURAUD: Swing Trade Setup Whats up traders? We are looking at this new Swing Trading Idea on the EURAUD pair. Price has been in a nice bullish uptrend since days. After three levels of rise and a peak high forming, we are looking for short orders in the market. Divergence is also in place for this trade. As this one is a Swing trade, our stop loss is a little bit wider. In this case more then -50 Pips. Although the stop loss is wider, the risk reward on this trade is more than 1:10 if our take profit hits. Thats more than great! Wishing everyone success and a profitabel trading day!
Short
by darian_fx
3
2913 Bull/Bear Line--04/24 Weakness Date--Morning NotesHi Everyone, Quick Note: We are doing the co-marketing program with some other newsletters. If you are interested, there is no obligation at all-just register and you get all of the newsletters involved free-See link below in the signature section. It will help us out as well-so thanks in advance. G- Morning Notes 04/25/19 Trading Environment-Short Term: Current Environment-Neutral/Bearish Futures are looking like a turkey wishbone here, with the Dow down pretty hard, Nasdaq up pretty hard and the spx stuck nowhere. Not sure this will last the entire day, so expecting one side to win makes sense. Obviously the timing piece for weakness from 04/24 to 04/29 is suggesting the bears will win and the other indexes will follow the Dow, but we still need to see the bears break any support levels first, which they have failed every time. If we see the spx follow the Nasdaq near the open, I don't think it will last long. I mentioned yesterday that another higher high would set up divergences on the 60 minute charts and that still holds true, since no new highs were hit yesterday (/es) The short term pattern looks like a bull flag, which is suggesting we could get the final spike higher at some point, but again, I don't believe it will last long if that does take place. We have a defined range and whoever wins this battle, will win the short term direction. If the bears win, I wouldn't be surprised to see a larger break to the downside than if the bulls win and get a spike higher. This market looks exhausted here and can turn anytime and make sense. The range SPX range for today is 2934 high and 2926 low. A break of 2934 the spx should try for 2937/2942. A push below 2926 we could see 2913/2906. G SPX CASH 60 minute technicals Stochastics: Overbought Divergences- No Divergences Resistance Levels: R1-2934 R2-2937 R3 2942 Support Levels: S1-2926 S2-2913 S3 2906 Trending Pivots: Neutral
AMEX:SPYShort
by sentimenttiming
1