The ratio of long to short positions in the USDJPY stands at 2.22 as 69% of traders are long according to a survey of retail traders at several brokers. Yesterday the ratio was 2.21; 69% of open positions were long. Long positions are 4.3% higher than yesterday and 5.8% above levels seen last week. We use these statistics as a contrarian indicator to price...
Overall bias is Bearish -Firstly we have bounced of key level of 1.7000 -we have broke trend line based off 4 hour time frame -We had a small retest -I do believe we will break previous lows -Previous four hour candle was a bearish hammer -A lot of wicks to the upside Off the daily -We can see huge wicks to the upside on the Ket level -Yesterdays candle...
GET READY FOR A DROP -clear break of trend line -re test of trend line -Bearish engulfing of trend line to confirm strong area of RES -Also confirms momentum
Declining below 1.1000. • EUR/USD has broken hourly support at 1.1070 (04/02/2016 low) and is now holding below it. The short-term technical structure still suggests a further bearish move. Hourly resistance lies at 1.1139 (19/02/2016 high). Expected to decline. • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key...
Still holding short in EURGBP cross, we have just got into a selling area and the market needs to retrace. So I am targetting 50% fib level with 2.34 risk/reward ratio. Have a good end to the weekend.
High test candle on the weekly, strong momentum down on the 4 hour. Weekly fib 50 retrace is below the .75 key level. macd and rsi showing downward momentum. 4 hour making lower lows and lower highs. Getting in early - will have to wait and see how this one plays out.
Reasons for -We have broken our 4 Hour trend line to the downside -Therefore we have broken structure and i 100% believe that after the break we are headed down -We are going to get a impulse wave and this is a strong setup - after all the long term trend is bearish ! Yes weve had two small losses but we are going to make it back on this one ;) Also this is...
Reasons For -We are now down trending on the 4 hour chart -We always want to trade in the direction of the trend -We are making lower lows and lower highs -We are trading below key level at 1.4000 Which we broke with a strong downside move -If we put a Fib in from previous Lower high to the new Lower low price is reacting to the 0.618 Level -Sign of retrace...
Reasons For -Firstly after bouncing of 1.6000(Our key level) we have been very bearish as you can see -Also we have been putting in Lower Lows and Lower Highs -We have also cleared our key level at 1.55000 and have been putting in bearish movement -Now we are trading below 1.5500 the only smart thing to do is to sell as we can clearly see strength to the...
This is a scalp trade not the best but i chance to catch a quick 50 pips reasons for -Price has come to key area of 130.00 -Price has bounced of with two bearish candles -Price will need to make a move lower before any bullish movement -A small correction is needed A few more reasons to but not worth me going into detail :) Enjoy trade safe
Sell close to the down trend line or alternatively sell with the break of the up trend lines, either the most recent one or the longer term one. Target 1: 0.7500 Target 2: 0.7450 Stop Loss: Above 0.7720
Spike or false break above the last high together with divergence and we have a sell signal. For a more conservative entry wait for the trend line break Target 1: $1100 Target 2: $1090 Stop Loss: Above $1135
Reasons for - Clearly price is putting in lower lows and lower highs (Clear Downtrend) - Price broke key level at 120.00 A week back so we maybe heading to next key level ? - Price has put 3 touch on short term 4 Hour trend line - Price put in doji the a bearish engulfing and clearly bearish candle then another bull green candle then another gearish engulfing ...
I personally have been short on this pair since December :) Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so There are many reasons for this setup Fundamentals and technicals FUNDAMENTALS - jubilee year ? - shemitah Year ? - every 8 years a financial crisis - FED raising rates to...
Also another sell setup 1. price has come to previous structure and shown a huge bearish candle 2. price put in a bearish engulfing candle 3 price is downtrending 4.previous candle was a doji on the daily previous candle was a bearish hammer sign of more sellers in the market :)
There are three ways of EWA/EWP. In any case, you should take short position. Target 0.60000
We can enter a sell trade for the S&P 500 index if it breaks the highlighted triangle pattern and settle below it. Target 1: 1910 Target 2: 1860 Stop Loss: If it turns out to be a false break and the index closes back above 2040.