Test
SNDX - Syndax Pharmaceuticals - Loyal to the base bounce?First of all, I'm in love with this chart, not like a friend, but like a secret admirer whilst in high school going thru my hormonal changes. Syndax Pharmaceuticals has consistently shown great loyalty to the bounce when it reaches lower levels, close to or under it's support. This Pharma stock has shown to have great support at about $8.00. SNDX has a couple products out right now that are in testing phases, Entinostat and the SNDX-6352. The recent 25% decline was due to the Phase 2 of the study being "unimpressive". This trial however, serves as a base for positive results for phase 3 trials, which is coming up soon. We should see some consolidation at this level until the results are provided, then a possible jump. Make sure you take profits!! We're looking at a target price on the low end of $12.00, and as high as $18.00. SNDX is currently sitting at $7.03 as I'm writing this.
EURUSD [Daily, Long] False Break/Failure TestMarket has been in a range from the 1.163 level to 1.207 level. Price action towards support at 1.163 is clean. Price took out the previous candle structure low on 7 Nov 2017. There was strong price rejection following this. Sellers who short the break of the support are now trapped, many would sell off their position when price goes to breakeven, fuelling the buying pressure.
Entry: Market order of 1.16373
Stop: I placed a more aggressive stop loss just a few wicks below the candle structure, referenced on the 4hr timeframe as that is where my trade would be invalidated. Also to trade with a larger position to fulfil a 1:2 risk reward ratio.
TP: 1.19 as I foresee price rejection at this region due to resistance.
BTCUSD | Testing 8000-7800$ support zone.Hello everyone.
BTC/USD testing right now important support area.
What is in your mind?
I'm waiting for next impulse. (signal)
$USDJPY, neutral. Just testing something out to see reactionVery neutral, not in a position at all. testing something out and observing price. Yellow line indicated a stop raid, and liquidity pool at higher levels. Strong reaction off a weekly orderblock, and a nice bounce off OTE
Pull Back 15 Minute ChartLooking at the chart I felt that since the trend is now going down, and there seems to be a test level and that since there happens to be a shark pattern going on that the trend should retrace back up, so I placed my stop loss 2 bars down and placed my buy limit right where the market should test with a retracement back up coming and take profit way up.
Every time Bitcoin is invested in a long-term relationship with fib levels, it's pretty serious stuff.
Cad chf short preferedAfter several tests of the s/r zone we just tested it again and now we are close to another smaller support which was a resistance before (s/r zone) and we are able to draw in a trendline to the upside with 3 touches .
Now we have our set up with double confirmation if it gets triggered!
I will wait for a break n close through the support and trendline to the downside to enter a short trade .
If this scenario not happens and we see price go up instat of dropping i would consider a long trade after a break n close of the s/r zone to the upside .
But as i really prefer the downward move here i would just go long with 1/2 position cause in the daily we are still in bearish territory since round about start of the year.
TRON FINALLY DEFYING BITCOIN, WILL IT LAST? TESTNET PREDICTIONTron is holding $.04 and seems to be building up for the testnet launch. In my opinion, the price will not shoot up much with the testnet launch, but we will see growth. My prediction is that bitcoin will fall to 6k levels, so we need to see if tron will follow bitcoin like it has in the past. So far it has been holding very well compared to bitcoins dip.
Gbpusd sell setupGbpusd is testing back the triangle breakout, plus a resistance, a good double confirmation that the price could be rejected soon and go further down, I suggest a sell
BULL TEST INCOMINGYellow: 2018 highs and lows adjusted to ignore “hysteria” movement.
Blue: Bottom line is 2017 median growth trend. Top is the new growth trend the market is attempting to establish (again, ignoring the hysteria).
As you can see, we are approaching a window of time in which a bullish trend will be tested. If it follows the upward support, it’s one (but not the only) sign necessary for a bull run. If it continues to slide down, that means the bull saw his shadow, 6 more weeks of winter.
