PrinceParisOfTroy

PrinceParisOfTroy

DAX has been in a real uncertain territory over the last several weeks, Price has been fighting to break the weekly TL support which spans over 1610 days. Finally last week we had a close above the weekly TL support, with support at 10k helping to create a price floor which prevents it from going lower. The week closed with a very nice pin bar, so as of now I am...

PrinceParisOfTroy

Price broke 1.55 Fib 61.8 held Price fell below 1.55 - LL Now expecting price to retrace to 1.55 or fib level 61.8 before continuing lower. Overall downside target is 1.5. Happy trading, Chartster

PrinceParisOfTroy

Another break of the Weekly TL has occured, are we going to see another fakeout this week or will price continue downwards? Price is currently consolidating in between 16000-16700. This week will be interesting. If the weekly closes above the TL the month may form a doji, highlighting the massive indecision for the month, whereas is if closes below DOW's in...

PrinceParisOfTroy

The bears have kept control of the market and in doing so have broken the first Trend line support. Next key areas stand @ 9600 and the next Trend line support. The Feds outlook on the state of the economy at the moment has led indices further down, as confidence is dwindling investors are reluctant to buy. Price has broken the TL but its not that much of a...

PrinceParisOfTroy

Here's a little FX chart ;) Price is heading to weekly support turned resistance, it struggled to reach 1.59 indicating the momentum's dwindling. After hitting T1 @ 1.57 we saw a sharp decline back under 1.55. Price has now posted a Lower high, Lower Low situation. If Price is rejected at 1.55 as expected this will be another Lower High and we will have a high...

PrinceParisOfTroy

DAX seems to be recovering steadily from the recent crash . However I am not convinced that this will be sustained, it looks like we may be witnessing a dead cat bounce in all the stock markets. The rally being heavily influenced by the Chinese rally currently taking place. It seems investors are gaining confidence from the recent gains in the Shanghai...

PrinceParisOfTroy

Excuse the Blue lines, they are my Daily S/R's The main focus is that beautiful ascending trend line, which is drawn from the beginning of the recovery from the last economic crash . For me this represents very strong support and as we can see price has fully rallied above the line forming (at present a massive pin bar) I don't expect this to change much by...

PrinceParisOfTroy

So it's been a crazy week for the stock markets around the world and everyone's trying to point the blame at something. Whatever the reason you believe don't let it justify your reasoning for entering a trade, enter only on what you see not what you hear! I can't stress this enough! So many traders are throwing money into the market trying to catch falling knives...

PrinceParisOfTroy

4H double bottom at key support Expecting price to try to reach 11300 Whether or not it makes it there is the question MA's on higher TFs Bearish Looking for shorts @11300 or if PA indicates exhaustion 11300 shorts may be taken

PrinceParisOfTroy

TL breakout to the upside Expecting price to reach 17510 Looking for PA for a short to 17300 Possible Higher Low @ 17300 Indication of trend change

PrinceParisOfTroy

11300 broken Price now reaching 10950 Strong support and TL If it breaks further downside to 10633 Holds - Price may reach 11300 again before falling further Dax is in a bad way at the moment, off of my previous analysis I'm still short. We are approaching some key support levels, initially the one to look out for is the 10633 zone If this is broken there's...

PrinceParisOfTroy

I am still short US30 Break of - 17300 Next target Daily support - 17146 The indices seem to be taking a hit from the sneak devaluation of the Chinese currency, however the technicals have been indicating further downside momentum for a while now. Dow is looking in very bad shape, along side the DAX which has opened lower and still dropping, some nice pips to be...

PrinceParisOfTroy

Entered short on the break and retest of 11600 @11604 Stops @ 11624 Targeting 11300 = Daily support If you missed the initial wave, one possibility which may present itself price reaching 11457 which is hourly structure, at which point it will retrace to the 61.8 fib level also in confluence with previous hourly support turned resistance. If this plays out a short...

PrinceParisOfTroy

Awaiting test of TL With PA long position may be taken Target: 11600 If TL breaks expecting P to reach 11300

PrinceParisOfTroy

T1 hit T2 hit US Dollar weakness pending next week, according to my analysis Expecting price to test TL, looking for either a rejection or a break

PrinceParisOfTroy

Daily rejection on weekly S/R @ 1.55 Awaiting market open PA Weekly MA's bullish Daily may cross to upside for added confirmation Aiming for T1 -1.57 USD weakness for added confluence

PrinceParisOfTroy

After some strength price is being rejected from the daily resistance, a close below the TL and I will be expecting further USD Weakness

PrinceParisOfTroy

Price at key area of support If P breaks TL, shorts targeting 10950 If TL holds I shall remain overall bullish Target 11600