USDCHF > Entry Point AnalysisUSDCHF- 1W > 10/22/2017
IND: 20 SMA / 100 SMA
Broken resistance @ 0.9835 indicates further rise to 0.9990 testing w/20 SMA adding additional confirmation to uptrend.
Break of 0.9846 from weekly 100 SMA adds confirmation to upward momentum, IMO.
Break and Hold above 0.9990 indicates further rise to 1.0342 re-test resistance.
Key support @ 0.9736 with break and hold below would indicate decline toward 0.9587 re-test.
Personal bias: Bullish
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** Forex trading involves HIGH RISK.
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Trade-suggestions
EURJPY > Entry Point AnalysisEURJPY - 1W > 10/22/2017
Pair remains trading in 131.69 - 134.39 range
Decisive Break and Hold above 134.39 indicates further rise to 141.04 re-test in longterm
Decisive Break and Hold below 131.69 indicates further decline to re-test of 127.55 support in longterm
Personal bias: Neutral
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
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USDCAD > Longterm to 1.3130?USDCAD Longterm Range: 1.2445 > 1.3130
Broken resistance @ 1.2598 indicates possible further rise to 1.2777 level in test of resistance
In Longterm, Break and Hold above 1.2777 could see rise to 1.3065 / 1.3130 levels
1.2432 support must hold for above set-up to maintain validity through end of 2017
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
USDJPY > Resistance and Support TradingUSDJPY > Week of October 22, 2017
Pivot Point @ 113.20
R3 114.97 R2 114.28 R1 113.90
S1 112.82 S2 112.13 S3 111.75
Overall bias: Bullish to 114.40 > 114.86 w/ possible test to 115.00 area
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
USDCAD > Resistance and Support TradingUSDCAD > Week of October 22, 2017
Pivot Point @ 1.25780
R3 1.28380 R2 1.27350 R1 1.26810
S1 1.25240 S2 1.24210 S3 1.23670
Overall bias: Bullish to 1.27745
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
EURUSD > Resistance and Support TradingEURUSD > Week of October 22, 2017
Pivot Point @ 1.1802
R3 1.1939 R2 1.1899 R1 1.1842
S1 1.1748 S2 1.1706 S3 1.1649
S/T bias: Bullish to 1.1960 w/possible test to 1.2090 area
L/T bias: Bearish to 1.1700 > 1.1650 area
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
CHD- Upward channel breakdown short from $49.32 to $48.25CHD seems breaking down from an upward channel. It crossed down the lower channel line & seems it will go down further. We are looking for a quick short opportunity here.
* Trade Criteria *
Date First Found- May 1st, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $49.32
Exit Target Criteria- $48.25
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CAMP - Flag formation Long from $18.13 to $19.77CAMP seems forming a possible flag formation. For breakout confirmation it need to break high of today ($18), and as flag continuation it can go around $19.80
* Trade Criteria *
Date First Found- April 24, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $18.13
Exit Target Criteria- $19.77
Stop Loss Criteria- $17.43
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HOG- Upward channel breakdown short from $55 to $45, 55 Aug put HOG was running within an upward channel formation, which broken just recently. We think with the falling oil price it will decline further. According to Upward channel breakdown we got target or $45.33. To play this we would consider $55 Aug-17 puts
* Trade Criteria *
Date first found- April 20, 2017
Pattern/Why- Upward channel breakdown, Falling Oil price
Entry Target Criteria- Break of $55.87
Exit Target Criteria- $45.33
Stop Loss Criteria- $60.13
Option- $55 Aug-17 Puts
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APA - Upward channel breakdown short from $48 to $34, 50 Jul PutAPA Seems broken down from an upward channel, retested the channel support line & now falling down sharp. With the falling Oil price we think it can decline as low as $34 area
* Trade Criteria *
Date first found- April 20, 2017
Pattern/Why- Upward channel breakdown, Declining Oil price,
Entry Target Criteria- Break of $48.87
Exit Target Criteria- 1st Target $38.13, 2nd Target $34.13
Stop Loss Criteria- $56.13
Option- To play this we would consider $50 July Puts @ $3.34, and $45 July Puts @ $1.57
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USOIL - Oil to decline form current price to $40 soon, While the markets overall have remained mostly sideways it appears that WTI Oil prices are forming an upward channel. This , if broken, would indicate a potential decline in oil prices to the $40 area.
World Geo-political situation, specially situation with Iran seems weighing on Oil price & pushing it down. So we think $40 is a very possible scenario for oil .
Please check back for Trade updates. (Note: Trade update is little delayed here.)
SPY to decline from $235.50 to $232.50, Consider $235 Put optionSPY broke down from an upward channel & seems approaching to channel support from beneath. We think it will be a very good shorting opportunity if it holds below the channel & reverse from there. And to trade that we would consider $235 Puts
$235 Put option
* Trade Criteria *
Date first found- April 11, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Pullback to $23.50
Exit Target Criteria- $232.50
Stop Loss Criteria- N/A
Option- Short term $235 Put option (Speculative)
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CHS - H&S formation Short from $12.96/13.34 to $9.57CHS seems forming a H&S formation in weekly frame and in the daily frame it is breaking down all the MA lines & strong support labels. We think it will decile from here down to $9.50 area.
* Trade Criteria *
Date first found- April 4, 2017
Pattern/Why- H&S formation
Entry Target Criteria- break of $12.96 or bounce to $13.34
Exit Target Criteria- Target 1- $10.14 Target 2- $9.57
Stop Loss Criteria- $14.07
Please check back for Trade updates. (Note: Trade update is little delayed here.)
BOFI - We would consider $25 April-17 puts, Target $22.53BOFI is a possible head & shoulder formation. It seems it has broken the pattern & $22.50 will be its target. To play this we would consider $25 April-17 puts
* Trade Criteria *
Date first found- April 4, 2017
Pattern/Why- H&S formation
Entry Target Criteria- $25 April Puts
Exit Target Criteria- $22.53
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
ROST - Short from $64/$62 to $56ROST looks interesting short setup. It has broken down its recent support & all MA lines. We think it has more downside potential. For perfect entry we are looking for a pullback to $64 or break of Long term support around $62
* Trade Criteria *
Date first found- April 5, 2017
Pattern/Why- Support breakdown short
Entry Target Criteria- Break of $62 or Pullback to $64
Exit Target Criteria- $56
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CY - Upward channel breakdown Short from $13.16 to $11.83CY is breaking down an upward channel formation, and showing downward momentum. Moreover it is in the weak semi-conductor sector. It looks a very good short setup & it can decline below $12
* Trade Criteria *
Date first found- April 5, 2017
Pattern/Why- Possible momentum trade
Entry Target Criteria- Break of $13.16
Exit Target Criteria- $11.83
Stop Loss Criteria- $13.79
Please check back for Trade updates. (Note: Trade update is little delayed here.)
FRAN - H&S formation short down to $10.17FRAN is forming a potential H&S in weekly frame, and in the daily frame it has broken down key support area. We think it has huge downside potential, and it can go down to $10 area.
* Trade Criteria *
Date first found- April 5, 2017
Pattern/Why- H&S formation in weekly frame
Entry Target Criteria- Break of $13.93 or rally back up to $14.93
Exit Target Criteria- $10.17
Stop Loss Criteria- $15.75
Please check back for Trade updates. (Note: Trade update is little delayed here.)
PII - H&S & Long term pennant formation short down to $47.33PII is a possible downward neckline H&S formation. On the other side it seems breaking down from a long term pennant formation. So in short it can decline to down to $73 but in long term we are looking as low as $47.33
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SIX - Weekly frame H&S formation Short from $56.56 to $42SIX is forming upward neckline H&S formation. Still like this a lot as short, and we think it can decline all the way down to $42
For a entry we are looking for a break of $56.57 & we would consider $55 Puts, last traded for $1.85
* Trade Criteria *
Date first found- March 23, 2017
Pattern/Why- H&S formation in weekly frame
Entry Target Criteria- Break of $56.57
Exit Target Criteria- $42
Stop Loss Criteria- $60.93
Please check back for Trade updates. (Note: Trade update is little delayed here.)