UnknownUnicorn200545
Taking a long position from the bottom of the second correction as we go into the 3rd upwards wave
Long position taken. Netflix reported more subscribers than expected last quarter. We may see strong growth into next quarterly report.
Looking for resistance around 200 period SMA, and a follow through of the existing descending wedge to the downside.
Big risk to reward scenario with strong trend line support from the bulls LR channels 200 period downward 100 and 50 indicate upwards trend Major trend Down Minor trend Up
Looking for a corrective wave to the upper LR channel.
Left shoulder and Head have formed, taking long at the neck line with a TP on the right shoulder peak.
The AUDCAD is in a long term term downwards trend on the weekly chart. As we see rejection on the 200 MA, and reach the top of our downwards trending linear regression channel, it is a reasonable time to enter a short.
Weaker of the Weak? The New Zealand Dollar outperformed during the London Open. The move saw bond yield increases, suggesting an improvement on investors RBNZ outlook, probably added fuel to the move. Traders are seemingly no longer convinced that another rate cut is necessary adding relief strength Trade Taken Short. Technically Speaking we have just re...
I have shorted the USDJPY as we appear over extended as we moved from the lower red channel up to the higher green channel with no real correction over a month long period. We are starting to see bearish Heikenashi candles appear as the MACD has crossed down. My profit target is 2700 pips as we enter the blue medium. My stop loss is 400 pips if we start to turn...
Presently, I have 3 reasons to share with you, on why the EURO/Dollar may rally. 1st of all, volatility, which is represented on this screen as the grey and green indicator at the very bottom. Is lessening, which is a strong sign that the current trend may be coming to an end. My second point, is the price action has settled in the 3rd deviation channel below...
Volatility is picking up as we see thinning red candles in the zone indicating we are over extended from the median. The Vix is drying up, indicating a positive outlook.
I made three trades this morning, all of which I will include here that total for 39 pips. THE USD CHF Is the first one. Through the London Open the price actions rose 0.51%. With out a correction, I took a short for 14 pips as we started to make a retrace going into the US open. See below The next one is the EURJPY I took this trade as a green...
I have taken a short position, on this 15 minute chart, as we touch the upper red band. We may be due for a correction as the London Markets come to a close and the US open approaches. We are currently up over 1.5% over the Tokyo and London trading session. This is largely due to the recent employment data released In Australia, in which, Australian...
The price action has entered the zone indicative of a strong divergence from the medium. The MacD is coming up and volatility is drying up from the down trend. I made this post the next day, and I took a long on the highlighted box for 92 pips.
Large move up from Lower 2 with no real retrace. Have touched upper LR2 and are testing. The Macd has crossed down sometime ago. Volatility has dried up from the recent up trend. Will wait for Heikin Ashi Red candle to appear before placing a short. We have moved up 1.47% through the London to US open. Good opportunity for 61.8 retrace.
I have opened a short position on the fib 61 retrace line, which we fell from as our recent high