Technician

Technician

Update: 1st Target reached without triggering entry... Trade cancelled. ---------------------------------------------------------------------------------------------------------------- -A harmonic Gartley on the daily chart with an ideal ABCD pattern -Multiple Pin Bars at the potential reversal zone of the pattern -Triple top on the four-hour chart -Bearish...

Technician

Update: Trade is active Update: more than 90% target was reached. Moved stop loss to entry Update: Stopped out at breakeven. Profit(pips)= zero. ------------------------------------------------------------------------------------------------------------------------------------------------------------- The EURJPY is testing a potential resistance area. - 50 days...

Technician

Thanks for your interaction mates.. The most requested instrument was the EURUSD, two more are coming afterwards. Then i will try to add as many as i can :) . So i will start by trying to analyze the technical position of the pair, defining the main technical key levels. -We have been in a strong bearish trend that started in early May, however recently after...

Technician

Request analysis for any instrument, I will be happy to analyze the three most requested instruments within the next day. Awaiting your comments. Thank You twitter.com www.facebook.com

Technician

Nothing to write here, as the chart explains everything, i have written several posts on this and published several trades based on this correlation. However this is a wider look with history going back to 1990. Enjoy it, it will surely help you make more informed calls. Comments are welcome.. Best of Luck , join me at twitter.com Also at my Facebook page...

Technician

Despite the major rally last week, Cyclical stocks (XLY) was less involved in this rally in favor to more defensive stocks (XLP).. Explanation: XLY is an ETF that tracks the consumer discretionary sector, which is an offensive sector that takes the lead in risk-on, growth-on environment, usually leads in early stages of of economic expansion environment and...

Technician

Update: first target hit moved stop loss to breakeven... Update: Full target reached. Profit(pips)= 180+360= 560. ------------------------------------------------------------------------------------------------------ I am short gold from late last night. It may have failed at the 50-days SMA as price formed a minor shooting star and also price failed to hold...

Technician

Update : First Target Hit, Moved stop loss to entry. Update: 2nd half stopped out at entry. Profit(pips)= 160 -------------------------------------------------------------------------------------------------------------------------------- -Possible support at the 200-days SMA -Possible support at the rising channel trend line -50 percent retracement level for...

Technician

Update: First Target Hit Stop loss moved to break even All targets reached ---------------------------------------------------------------------------------------------------------------------------------- I just initiated a long term long position. If you're looking for a longer term position trade, this might be a good choice to speculate on. The pair has been...

Technician

The pair has been consolidating within the past few weeks, after hitting near the major support area at 0.7700, where price has been pushing gradually higher in a potential rising wedge pattern, which has bearish implications. As we approached 0.8800 key broken support level, the price was rejected today, and could be forming a pin bar candle at the descending...

Technician

Update: Stopped out = -85x2= -170 Update: Trade is ACTIVE ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- - Rising channel was taken - Key Horizontal Support around 0.8400 was taken -50 days SMA was taken -Retested that broken support area, and...

Technician

Update: Target reached without entry, so i cancelled short for now.. --------------------------------------------------------------------------------------------------------------------------------- A potential short trade on multiple resistance levels: -50-days SMA -Main descending resistance for the bearish wave -A cluster of horizontal resistance levels, more...

Technician

Update: I closed order for minor profit, as sentiment on global stocks improved but gold showed minor retracement. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Price hit key daily resistance and ...

Technician

Maybe its just the beginning... I am examining the market breadth by subtracting the number of NYSE stocks making new highs from the stocks making new lows, the study points to a potential major reversal could be at hand... If for example: -500 stocks making new highs and only 20 stocks making new lows then we will get a 480 stocks sum, and there for the index...

Technician

-The Share have completed a weekly double top pattern by closing below 19.85. -RSI momentum bearish breakaout -Main Rising trend line was taken -Price is challenging the long term 52-week SMA, where a continuation below it would increase the bearish chances. -First target at 18.30, second target at 16.70. Best of Luck , join me at twitter.com Also at my Facebook...

Technician

UPDATE: I should have cancelled this trade based on rule number 5 "Note that If 90 percent of first target is reached without triggering entry, trade is cancelled" Profit(pips)=-65x2=-130. --------------------------------------------------------------------------------------------------------------------------------- A very simple long setup on trend line break...

Technician

WTI Crude Oil could be heading for a rebound as price has shown technical recovery signs - Major bullish Hammer - long term rising trend line and - 90.40 horizontal support. - Bullish divergence on RSI Best of Luck , join me at twitter.com Also at my Facebook page www.thefxchannel.com My best regards, Technician

Technician

Another option to play Dollar Strength. The USDCZK showing strong bullish momentum, hitting 21.8600 resistance level, I expect a pullback within the coming few days from that resistance, however, i would be seriously considering a long position from lower levels, possibly around the shaded area and support level near 21.23-21.000, targeting 23.5500. Good...