NIFTY 50 forecastHere the chart is forming a rising wedge pattern which is a bearish pattern that starts wide at the bottom and contracts when price moves up.
Technicaltrader
SPY MAJOR RESISTANCE LINE SPY is unstoppable, for whatever reason it may be. However, a major resistance level has been reached, and one might try their luck at shorting spy here.
No directional trades, options only. Be careful and measure your risk reward.
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Wish you all best of luck in your trading!
BEAR Momentum | GBPAUDWeekly - We notice a major exhaustion which mean the market is ready for the downside
Daily - Major Support ans Resistance is set with the market testing the Major Resistance and also made its High after the huge exhaustion with a bearish candle
4HR - The market created a major Resistance which is a Double Top, but on 1Hr we see it test that resistance 3 times. This rejection is a confirmation that the market cant break the resistance after the major exhaustion.
How to ente r - We look for a retrace and enter with Price Action using candle stick analysis or retracements
AUD/USD trade setup. I have identified a clear downtrend within a channel. Price has been in a 2 month long bearish descent from a 0.70253 high down to a 0.65090 price point.
My current view is that price will rise at market open, to complete a new high within the bearish channel. This pair is long overdue for a rice correction.
When a technical approach could be worth the try! Hi guys, It is clear that I only trade stocks that are covered by certain parameters and one of those is the presence of a Catalyst supporting the move. But for studying purposes I am back-testing stocks that are at important technical levels to interest quite some institutional traders. TSLA in pm made a nice pop testing the 182 area and that could mean that buyers finally stepped in. TSLA is the most sold stock of last weeks thus a consolidation on new levels such as 182 would be a great bullish signal. In addition the stock broke beautifully the PM highs thus a small entry to test the pm high would have worth the try. The move to 187 has been solid and offered breakouts opportunities to scale in and build up our position up to first take 187. Consolidated at 187 Price kept rising offering other scale in opportunities up to 190 next level of consolidation. Even if grinding slowly higher the stock got to a fantastic 193sh!
Simply amazing. A note deserves the volume profile! Simply perfect. At each pullback red volumes have never crossed up the previous main leading green ones and when that happened price respected supports and resistance.
Waiting for a reversal on SNAP 1HNYSE:SNAP
Hammer on the 1H chart. SNAP is currently at the Gap's support level.
Let's see if we get a reversal
GBPAUD stucked ?Technically GBPAUD is ready for a big drop around 300+ pips. Can be depend on the fundamentals. Enter to the trade with a tight stop loss.
EURNZD Buy Set up My jungle strategy is set in place, I would wait for the break for confirmation of the continuation of the buy.
ZNGA blue sky's the limit?Great run and now consolidating at highs it hasn't visited in a loooong time. Moving averages have just crossed over into a bullish trend but still need some separation before truly showing a bullish longer term trend. The short term however is undoubtedly bullish. It has now formed a nice bull pole pattern... the question is, will Zynga go "BAZYNGA" or reject? I am bullishly biased in this case due to the trend and pattern but am not a fan of all time or long time highs...
Tech Trade LOW on Positive Sentiment & Momentum ($90 PT)Lowes got way, way ahead of itself during the lofty valuation period of January this year. Now that it's fallen under the lowest part of the long, historical trend, it's an easy pickup as it can move up and back over its trend lines. $86.38 is a technical, average line that helps to identify point of accumulation, but only for the short sighted understanding of LOW as a stock. Above $90 is a clear sell line, but if you want to ride momentum and the sector up on whatever reason, $92 and in between is not unreasonable. Do NOT take this stock long hoping for the days of $105+. While Lowes does have some good initiatives with being Smart Home friendly and educational, we are currently not in a period where people are rushing out for home supplies because of proactive home projects, preventative maintenance (hurricanes) or rebuilding.
Make some quick cash off LOW and bow out after. Let it stabilize and find its legs again against its trends lines and then decide if the narrative makes sense moving forward long term. The spikes are there, momentum will make them greater.
STORJ ForecastSTORJ has done well compared to most of the coins against major sell of weekend. But still it has room for some more
downfall. It has strong support on the down side which can keep the price in a certain range and stop it from free fall. It is making a possible Head and shoulder formation as well as an alternative pattern along side. This can be a quick swing trade as well so buying on any of the support levels can be profitable based on the current scenario. Bullish long term but remain cautious of buying above market price.
CARDANO - ADACardano is in a short term downtrend looking to close the gap
on bollingerbands . price needs to stabilize at current levels to show
any bullish signal.
LONG ON $XVG VERGELooks Like Verge has found some support at the 280 or the 61.8 Fib retracement.
A move past the previous high at 337 should confirm the uptrend.
But hey it's crypto, anything can happen.
If the news of wrath comes out this week this should fire up confidence in this scare coin.
Stay Safe, Watch this space. Let me know your thoughts on XVG below.
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“Frankly, I don’t see markets; I see risks, rewards, and money.” – Larry Hite
Potential USDJPY trendline + resistance rejectionUSDJPY losing upward momentum near key level and possible trend line creating.
Wait for Higher High ConfirmationLooking to trade the breakout up to the key resistance zone.
With a weakening of the USD last week, looking for the pair to go back up after a deep pullback.
Will go long if the downtrend line is broken.
200 EMA was respected last week so long bias.
Could possible trade this short if the trend line is respected.
NATURAL GAS, DAY CHART, SHORT (18-FEB-2017)200-EMA is starting flatten. (Please plot yourself)
Both 20 & 50-EMA are moving downward, downward
trend is expected to be continued.
Price manage to break the Resistance Zone and
followed by a slight pull back which is a good signal to short
Here are 2 trading plans:
1. To short now with right risk amount
2. If the price pull back near to resistance zone,
wait for bearish signal to short
SUGAR, DAY CHART, SHORT (18-FEB-2017)There is a consolidation pattern near the
Resistance Zone.
From the price action, we can see stronger
selling pressure than buying pressure.
If the price managed to break the buyers' stop loss
level, we expect the price will fall further lower.
Here are 2 trading plans for you:
1. Wait the price to break the buyers' Stop Loss level
and entry
2. If the price pull back weakly to the resistance zone,
it might be a good opportunity to short with bearish
signal
bounce on support to rise again? as the weekly chart is still in an uptrend things are kind of looky tricky for this pair
especially before DONALD trump takes office friday
im thinking a stab below to a support level or to the previous channel that was broken
careful of HIGH IMPACT news RELEASE AT 430AM on the GBP
we wil see how things go
AUD/CAD, SHORT, DAY CHART (8-JAN-2017)Note: Congratulation for those who follow our trade
last week. If you never move your SL, your trade is
in good profit now.
We have 2 trading plans here:
1. Watch the next Support Zone near 0.96x level.
The price might have either some consolidation
or pullback.
Wait for right bearish signal to short.
2. If the price pullback again to the 20-EMA, wait
for bearish signal near 20-EMA to short.
EUR/USD, DAY CHART, SHORT (2-JAN-2017)Note: EUR/USD follows our prediction last week, a price
correction to the resistance zone is high likely to happen.
Overall, we remain bearish on this pair.
Now, there are 2 ways to trade this pair:
1. Wait for a bullish signal now near the 20-EMA and
resistance zone to short with right risk amount.
2. The price might further pullback to the next
resistance at 1.075x level. In this case, we also need
to wait for bearish signal to short.
NZD/USD, DAY CHART, SHORT (2-JAN-2017)Note:
Congratulations to those who follows our winning trades
on this pair last few weeks.
Again, the price having correction as per our prediction previously.
Now, we have 2 trading plans for this:
1. The price pullback to both the resistance zone and
20-EMA, followed by a bearish signal. A good signal to
short with right risk amount.
But caution on the 1st opening week on forex market
behaviours.
2. When the price breaks the immediate support line,
we can look for opportunity to short again.
GBP/CHF, DAY CHART, LONG (2-JAN-2017)Note:
Overall, we are bullish on GBP/CHF pair.
There is strong pin-bar appeared above the support zone,
a good signal that it might go bullish.
There are 2 trading plans for this pair:
1. Wait for another bullish signal to long. Or wait for
2nd bullish signal to long it.
2. If the price breaks the support zone. Wait for
pullback to the support zone and short!
