Technician

Technician

This is not a forecast, It's too late to post such a chart, however, it's worth mentioning as an educational post and as an example of high probability trade setups. A combination of technical conditions that present a trade to take action on. Join me at twitter.com Technician

Technician

Technical Analysis: Oracle Looking bearish on the weekly chart: -Completed a head and shoulders topping formation -Broken below 52-week long term average -One year plus rising trend line was taken -Breakout accompanied with pick up in volume levels I am looking for an initial target at major broken resistance at 36.40, should turn to support now. Lets see how...

Technician

Update: Trade is active now! Update 2: First Target Hit, moved stop loss to breakeven Update 3: Second unit stopped out at break-even Profit(pips)=+90 ------------------------------------------------------------------------------------------------------------------------ The price has hit key support area, we have tentatively broken below the support, but could...

Technician

Update: Trade is active now! Update: First Target Hit, Moved Stop To Entry Point. Update: Second unit stopped at break-even Profit(pips)= +150. -------------------------------------------------------------------------------------------------------------- EURAUD is testing a key resistance level around 1.4575-1.4600 level Daily chart: -38.2 percent retracement...

Technician

Update: Targets Hit ------------------------------------------------------------------------------------------------------------------------------------------------------------- I discussed in earlier posts why i am bearish on equities, hinting the federal reserve easy liquidity withdrawal and many technical conditions. If we just ignore all the warning signals on...

Technician

If you're looking for a longer term position trade, I love this pair. The pair has been in a major consolidation phase within the past few years, that kind of action usually precedes major long term trend shifts. The price may have broken out recently, and could be just the start of something much bigger. The fundamentals support this view, as markets continue...

Technician

Update: Reached First target, Cancelled Trade. ----------------------------------------------------------------------------------------------------------- Gold hit descending resistance , where price was rejected, lets try to short the strongly trending market one more time. I placed a short limit at 1230.00, target one at 1216.00 and target two near the latest...

Technician

Update 2: Stopped out . Profit(pips)= -80x2=-160 Update: Trade is active now. -------------------------------------------------------------------------------------------------------------------------------- A possible long here on a breakout above key resistance levels, -The price may have completed a bottom for now after taking the main descending resistance,...

Technician

Update 2: Second Target hit. Profit(pips)= 40+90=+130. Update: First Target Hit, moved stop loss to break-even. --------------------------------------------------------------------------------------------------- Excuse me for the lack of analysis, I am in a hurry, i just put a quick short term sell trade based on a minor double top, and wanted to share it. Best...

Technician

CADCHF has been trading in a clear rising channel for a while, where the latest bearish dip was probably a mere correction following the earlier breakout above 0.8400, the sell-off pulled the price back to retest that broken resistance, which successfully changed role to support and the price was rejected, in an attempt to resume the overall bullish trend within...

Technician

Update: I closed all position at 1229.00. Profit(pips)=90x2=+180. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Simple Intraday trade setup, based on short term resistance at 1340.00 level, where i look for renewed downside...

Technician

- AUDUSD has completed a bearish breakout below key support levels -Break below 0.9200 main horizontal support -Break below 200-days long term moving average -Break below support of the short term bearish channel -Today'retest of 0.9200 was strongly rejected Next main target and potential support is at 0.9080, which is a previous neckline for an inverted head and...

Technician

Update: Haven't longed this one, as there were no clear signal over the four-hour time interval. Will continue to monitor ------------------------------------------------------------------------------------------------------------ There is a good chance for price resuming the bullish trend after the recent pullback. The pullback was largely expected as price has...

Technician

Update: Haven't shorted this one, as there were no clear signal over the four-hour time interval. ---------------------------------------------------------------------------------------------------------- This is not a forecast or a trade, I am just highlighting the technical developments for the pair, trying to show you how i spot my trades. The pair rebounded...

Technician

Update: That trade failed. Breaking 1240.00 ---------------------------------------------------------------------------------------------------------------------------------------------------------------- Gold is trading near the bottom of a clear short term bearish channel, where Oversold conditions, bullish divergence on RSI and the Short term channel support...

Technician

AUDCHF reversed trend in April, following the bullish breakout above the long term falling trend line and the completion of the bullish inverted head and shoulders reversal pattern. The price since then has been trading in a clear up trend, where downside corrections were limited so far to the 50-days SMA, and the latest bearish correction seems like done as price...

Technician

Major divergence between Oil and Copper, which one will readjust? I believe geopolitical tension continues to support oil price,the price of oil will probably fall in the upcoming weeks, unless a real disruption in oil supply materializes, which will send crude oil to the moon.. So be careful and good luck. Join Best of Luck , join me at twitter.com Also at my...

Technician

A combination of pattern breakout and trend line breakout. The price could be forming a bottom following the breakout above the neckline of the Inverse head and shoulders pattern and the long term falling trend line. The price is approaching 0.8212 swing high and potential horizontal resistance, where we might see a pullback from there for a retest of the broken...