Hello world, here we have quite an interesting watchlist candidate. Palladium. We have: weekly trendline crossing 50 EMA uptrend crossing weak weekly res. line low valued RSI decrease in momentum on the daily level What I am waiting for: price action on W/D All the best, c4ss10p314
Hello world, today a short idea for the recent rallye. Macro situatiion: - still no demand in multiple sectors - (in my opinion) way too fast recovery in tech-stocks - "buy in april, sell in may" sentiment allover the markets - (until now) useless actions of central banks - bailout discussion not yet started (as soon as companies become illiquid, this might add...
Hello world, here we have a small short idea for AUDCAD. We have got: - momentum loss on bullish candles - small price action at daily resistence line - overbought RSI - confirmation on possible short term - trend pullback - strong weekly line as possible TP All the best, c4ss10p314
Hello world, I have found a symmetrical head and shoulders pattern finishing up on CURRENCYCOM:US100 . Don't really have more to say. Stop loss for my trade here would be the 5x ATR, which is about 260 points. All the best, c4ss10p314
Hello world, as many might have seen on EUR/USD, we also have a symmetrical triangle on USD/CHF. We have: - low volume due to undecisiveness of the market - the triangle, signaling undecisiveness as well - a weekly support line right under the current price level As all breakout trades, I view these as high-risk. All the best, c4ss10p314
Hello world, here we have a candidate which I have flagged for my watchlist. This is not a trade I am taking, just an interesting chart! We have: - a key weekly level reached - quite some time without a proper retracement - and highly overvalued RSI - a bit of price action forming at this key level - shorter then average previous candles (only) indicating (!)...
Hello world, found a possible long entry for a shorter term swing trade. We have: - decreasing candle sizes signaling momentum loss - big weekly support line reached which has been hit several times - price action forming below the candles also signaling momentum loss and might indicate a short term reversal - weak, but not underbought RSI I'd set this up as a...
Hello world, on ETH/USD I have found a possible three bar play. Great risk-reward ration. Since this is quite a high risk trade, I'd suppose one shall decrease trade volume. All the best, c4ss10p314
Hello world, as shown we are facing a (almost) symmetrical triangle on EURUSD. breakout scenario because of symmetrical triangle lower volume through possible indecisiveness of market defined upper and lower bound I personally mark this as well as breakout patterns in general as a high risk trade. All the best, c4ss10p314 EDIT: Please ignore the...
Since the major tanking allover the markets, today has been another +3 % marker. From technical: - strong underbought RSI on Daily - candles performing price action with large wick candles indicating momentum loss - approaching critical 8000-8700 support level Even though, I am overall short, this are some interesting indicators for an upcoming rallye . Why...