TheMaineTrader

TheMaineTrader

Has the major Sell off started? It appears so. I posted this chart a few weeks back. It will really be dependent on how we finish out this week.

TheMaineTrader

Two long term trend signals are about to agree that a major sell-off could be in the works. the past two times these have aligned we have seen a drastic sell off. Conversely these sell off have eventually provided excellent long term buy opportunities.

TheMaineTrader

Bearish Wolfe Wave on the 1 HR in a down trending daily chart.

TheMaineTrader

4HR, DAILY, WEEKLY, All Below 50ema & Descending Trend line as well. Nice little pull back provides a nice opportunity to ride this back down to the next daily support level.

TheMaineTrader

I like it short here under the cloud and with bearish volume on the 4hr

TheMaineTrader

Hour Chart is in a downtrend along with the 15 min chart. Set up nicely for a scalp after yesterdays retrace

TheMaineTrader

Like it long for a few pips here tight stop being friday just looking for 10 pips or so

TheMaineTrader

Like this short here as the USD data was below par and the 1hr chart is still in a down trend based on the 50/200 ema looks. Just looking for a few pips

TheMaineTrader

Down trending 4hr chart then on the 15min we have a 10/20 ema cross below the 50/100 ema

TheMaineTrader

Although I tagged as neutral. I am holding a slight bias to the downside. 127.114 is my idea TP as a a demand zone is clearly right around there