eightvolt

eightvolt

This is a long term, monthly candlestick look at the SPX and the overall trend it appears to be respecting quite well. Overall the market is obviously bullish, but we cant ignore the upper resistance trend line we are currently at along with indicator divergence. These are 2 technical indicators which may signal another correction. This combined with fundamental...

eightvolt

What I see: Double Top Long wick No prior retracement Divergence on RSI TP near Fibo level (may buy if entry presents itself!) Lots of reasons for a short trade!

eightvolt

Double top, under 200EMA, plus FIBO bounce. Three reasons to go short. GL and get that lambo!!

eightvolt

Sometimes the price action is easier to see on the weekly! If the channel and RSI continues to stay on trend, we have the potential for a very bullish month on this pair. Perhaps worth taking a very small position and letting it ride for 30 days. Let me know your ideas and opinions on this analysis or any other forex pairs or ideas. GL and start looking at the...

eightvolt

Potential intraday short idea for GU. Seeing some RSI divergence on the 1hr, if we can get an equal or higher high on price, along with a lower low on the RSI we have a good short opportunity against this resistance level. As always, wait for a good red candle for some confirmation. GL!

eightvolt

Saw a nice little opportunity developing. EC has hit its strong support level again, and if bullish today, should lead to a nice profit. I would not anticipate a launch to the moon, however it should be enough pips to give your new Lambo the gold plated rims it deserves. If price does move as planned to the 1.45400 level, anticipate some volatility or simply...

eightvolt

CJ just had a stutter step by showing off continued divergence on the RSI and MACD. Be cautious if you are trying to go long. For the bears, I will be looking for EITHER a double top on price WITH a lower high on the RSI/MACD OR a higher high on price, and a SIGNIFICANT lower high on RSI/MACD and an engulfing red candle. My target TP will be the 200 EMA...

eightvolt

Just my perspective on EUR/JPY GL and happy trading.

eightvolt

This is my take on next weeks trade opportunity on UJ. Due to the extreme buying pressure from last week, I believe the bulls will win again after a bounce from the 109.200 level. I would be skeptical of a false breakout to the downside at the 109.2 level, as it will only be used to push price through its current price, and structured resistance level. Thanks and GL