schwnb0

schwnb0

AUDUSD, Long (4HR) Entry: 0.6740 - 0.6750 Target: 0.6830 - 0.6840 Stop: 0.6720 - 0.6730 Why? - Ascending trendline - Tested resistance turned support - 50 sma & 100 sma - 38% Fib - Oversold stochastics *Note, waiting for Aussie employment release on the 16th

schwnb0

0.5 Fib Retracement, 200D SMA, neckline from H&S pattern, bullish divergence on RSI

schwnb0

For the swing traders out there, ES is showing a handful of warning signs indicating the recent uptrend is about to collapse: a. Testing strong resistance at 0.618 Fib b. Volume unusually light on the 0.50 Fib breakout c. 1D Stoch close to peaking at 100 d. Up 7 days in a row for the first time since week1 2018 Waiting for the candlesticks before pulling the...

schwnb0 Updated 

A confluence of signs are pointing to a reversal of the minor downtrend in cattle. The 118.75 level has been tested several times. Looking for a closing break of the trendline accompanied by some solid volume to validate the reversal. If so, looking to cash in a little with a minor price target at 125.