$XOM has retraced some of it's loses but is facing a strong upside resistance, downside support Rejection from here is opening a huge profit space.
After reaching a strong upside resistance AMZN is reversing. Look for a short trade entry targeting lower channel line.
There is a rounded bottom wedge formed and the range is narrowing. Since we had a series of higher lows and inability of bears to break below the 5800 level for months there is a case for a strong bullish rally.
Live trading analysis. Talking about the impact of the #USD on the market
We are a day away from the Apple product announcement. Technically large bullish shadow is giving a buy signal. Stop losses should be below the 210 level.
There is a good RR in this trade with this bounce off the support. Look for the long trade entries and be patient. Pay attention to a SWAP and spreads.
EOS is rejected from the downside support and is offering us selling opportunity. This is a high probability selling opportunity.
Ethereum has reached the first extension target 315 level and a close below this level will lead to a 180 target
Facebook shares are testing the long-term uptrend support on a weekly chart. The key level is on test.
If you are not long USDCAD already this is your chance to join. Today price action is giving us a one candle trade. Stop loss should be below the daily candle today.
DAX is reaching the 61.8% of the Fibonacci retracement of the latest swing down and the second half of the Pitchfork channel 12750 level. This level could provide a significant resistance for the upside.
If we get a daily close above the 1.17400 level the pair could go to 1.20000 level and this would be a formation of a left shoulder, or we could have a consolidation extension between the 1.15000 and 1.174000 level.
DAX is testing the upside confluence of resistance 12550-12650 zone. This zone is also the downside support zone. There is higher probability for the downside reversal here after the couple of upside days. Look at today daily close for the possible trade entries.
Bitcoin could go for a test of the confluence of the downside support 7300 level in the next few days. Look there for the sell entries.
DXY is at the support zone 93.80-94.10 which will be extremely important when liquidity comes back tomorrow after the Holidays in the US.
Here is the preview of the possible $DXY $BTCUSD positive correlation
This is a good short trade opportunity for the APPLE stocks
This is a perfect chance for a good risk to reward ethereum trade. With a possible extension below the take profit level.