Factors: Daily Rejection Candle (Low-Test) off of 200ma & 50ma. Strong previous day bull move up. Reward/Risk 1.01:1
Added to positions+ Factors. Doji test of 50ma. 3 days supported price off 50 & 200ma. Target at Key daily support of 1.1350 as ideal target. Looking for clean, low risk opportunity to break accumulation
Factors. Low test off Daily key support @1.78300, Key weekly support on 1.76600 has held well. Daily Key Resistance @1.82300 + 50ma great target point to upside
Factors: Low Test Doji (large) off of daily key support. Upside optimistically 2:1 reward/risk low side 1.2:1 (at 50ma)
Factors. Massive Low test candle off 200ma & 50ma. Possible Bull triangle forming. Target Monthly R1
Factors: Doji, support at 76.30 (Key Daily support) + S1 Pivot. Blockers: 50ma and daily resistance at 78.60
Factors: Reversal candle off of downward trendline from May. Low risk. Following price action. Market pattern shows a continuation pattern to the upside. Will wait for price action confirm. In the mean time 1 more bounce down could be possible. Trades are taken on price action not "what I think"
Factors. Reversal Pattern just near key weekly support of 1.2900. Risk Reward 1:1.88, target Monthly pivot.
Factors: Very deep low-test candle off of daily key support. Target is weekly key support. Obsttuction? Monthly pivot. Low risk.
Factors: Reversal Candle, S1 Pivot, Daily key resistence
IP Reversal bounce off of Key Weekly Support line of 1.77000 and Monthly S1. Trailing by 2 candles (instead of 1) risking 1%). Price must move past 1.78400 daily resistance to reach key line of 1.82200 (profit target). Orders place, no market entry
MA + Price action rejection. Limited risk, trade has 2 TL's to compete with if it is to move lower. Market must accelerate lower to prove itself. Either way risk is limited.
Expecting a lower move (adding to my current position due to the MA + Price Action rejection 1:3.35 risk/reward
The Dow Jones Industrial has fallen -394 points today. Fundamentalist say it's FOMC Member Rosengren, CNBC says "Nothings wrong, look away." and the charts tell a different story. My Analysis: Clear Head & Shoulder (or Double Top) pattern. Accelerated break through 50 Moving Average down to a proving upward sloping trend line. Based on price we should bounce...
Rejected at 1.16 , pulled down to 1.1450 . If 1.1450 is rejected, I will be considering a upside entry
Bearish on this if it can break ¥89.00 price level down to the ¥83.00 level around the 61.8%
Monitoring, with a long side bias
Watching what price does on this $USDJPY does as the #S&P ($SPX) moves lower. No entry signals yet.