AUDUSD - BEARISH CRAB PATTERN (SELL)Hey Traders , here we have an opportunity to get short on the aussie dollar , if you take this trade remember only risk a small percentage of your account based on your risk management strategy
Highprobability
Advanced Pattern & Elliot Wave confluence +300 Pips OpportunityNice high probability , multi argument short opportunity on the daily. In line with a short trade on EUR/GBP that I opened yesterday.
Euro showed some strength since the first round of the #frenchelections2017 and the US dollar surely suffered after the #Trumpleaks. These fundamental facts pushed the EUR/USD with some significant momentum into an interesting resistance area. A combination of a completed 5 wave Elliot move + BatPattern + RSI overbought. Target on the 38.2% retracement should provide more or less 300 pips. If price comes back and double tops at entry a second chance is provided to target another 300 pips.
Those brave traders who are willing to sell into strength may receive some significant return if this strategy pays off. BatPattern, especially on EUR/USD have a high rate of success but remember, no trade is a sure game!
CADJPY trendline rejection 4h-1D chart rejecting a trendline.
Potential short trade when bearish candles occur.
USDJPY short trendline + key level rejectionIn history there is a strong move down, but this retracement is not strong enough at the moment. Looking for 2 possible setups:
1. Strong momentum up towards the trendline , good healthy rejection and break of the countertrend.
2. Strong momentum up towards the 110.05 level, which is a strong psychological level too. Want to see healthy rejection there and break the countertrend.
Option 2 would be the strongest setup
Will update this idea when one of those setups are formed
BEARISH CYPHER PATTERN FOR SWING TRADERS ON GBPUSDCame across a potential M240 Cypher Pattern completion @1.2515s
Place your Stops and targets according to YOUR Trading Plan!
ACM - $54B California Road Improvement - Aecom BenefitWe're a seeing a 4 month low for ACM. At this point, we've seen this stock rise and fall pretty regularly. If you're looking for a short term gain, I'd say this is a good option. I think it'll hit a 2 month high within these next 1-2 weeks.
EURUSD Wait for retracement and SHORT CONFLUENCEGood confluence between a head and shoulders forming, a counter trendline test and a fib retracement.
BULLISH TREND CONTINUATION VIA GARTLEY PATTERNCurrently seeing a rejection from the bearish Bat Pattern. If we get to previous structure (without violating highs) I will get involved with the Bullish Gartley Pattern. Stops below X
Trade well
Daily Cypher Pattern on GOLDPotential Cypher Pattern for Daily Traders on GOLD.
Entry @ 78,6 % Retracement.
Stops below X
Targets according to your plan.
Trade your plan!
USD/JPY - BEARISH SHARK PATTERN Really nice Shark pattern that the market has made us , if your going to trade this then keep your risk suitable and trade safe guys , i wish you a good week ahead :)
Next short: Part II $EURUSDAfter yesterdays setup we broke structure to make new lows. It is therefore important to stay in the opportunity flow of the market and stick to your trade plan.
If we reach level D we get a valid cypher pattern formation for a short entry.
Stops above X.
Trade your plan
Next short: CYPHER ON $EURUSDHey traders,
Potential Bearish Cypher Pattern on the 60 min Chart. Trade your plan.
Stops above X. Targets according to your plan.
Greets.
JAZZ Long-term Trend ContinuationStrong channel downtrend since Aug 2015, with RSI overbought at ideal short entry levels (small green squares). RSI at overbought level again; signal to short in this case with harmonic period of about 6 months.
Also current small double top at about $130 mark (short orange); stock expected to close gap to about $118 for initial target short-term target. That same level may be difficult to break; level is previous significant support level, so price may consolidate around $118 before breakdown to ideal target (large green rectangle).
Initial Target @ $118
Ideal Target @ 95-85
Stock has a lot of room to fall so it can break $85 when it gets there; needs time to work. High profit potential play.
Resistance To Previous Structure80% Probability Return To Previous Structure
Entry 1.07427
S/L 1.07121
T/P 107950
NZDJPY (L) 2017.01.19Entry on pullback with expectations of bullish trend continuation past 82.8 to gap to retest 83.5 on 4hr chart.
SGMO Quick Short; Late But Still ValidSorry, didn't put this up earlier but it's still valid.
SGMO has bearish divergence between 11/14 last year and 01/13 this year (white arrows on chart and RSI ). Also as usual, RSI shows signal for selling (overbought).
The price also happens to be at the downtrend channel resistance. The volume profile shows increased more seller-to-buyer ratio since 01/17.
Initial target should be $3.10.
Ideal target for $2.70
CHK Ascending Triangle PatternCHK had strong downward channel trend that turned around in Feb 2016. Ascending triangle pattern formation, on monthly, weekly and daily timeframes, for long-term swing in price to break upper resistance @ ~$8.00 (this is daily chart).
Again, RSI has been so graceful in confirming possible short or long entries for the whole duration of the triangle's existence. RSI expected to drop with price (yellow ellipse on RSI chart); personally expect move to about $6.30 (yellow circle on chart proper), then turn around for upward swing to $8.00 resistance level.
If CHK can break $8.00, it can be a huge feast from there (possibly hit old $13 support level); it's a waiting game now. Wait for RSI confirmation and enter long around $6.50-$6.30.
However, outcome of earnings has potential to make or break chart pattern.
SOHU Long-term DowntrendHarmonic downtrend (green trendline) since double top in 2013 and 2014; has been trying to find a base in the 40's but is now in the 30's looking for a base. Currently at high for short-term and long-term and has high probability to fall.
RSI confirmation @ 65. Historically, RSI here has done well at signaling short entries.
SOHU is currently in short-term swing upward (orange channel) but it is not expected to break 2 year trend yet for strong bullish move, also has a lot of room to fall @ current $38.99 price to about $30 in the long term.
Aggressive short-term swing low target @ ~$36 (this level will be a tough support level to break; may serve as support for new trend upwards after price drop to $36 level)
Long-term short swing initial target of $35 after earnings, then $30 for next target.
If $30 breaks, serious profit potential can follow.
Also, option players can long Jun 35 put; use far out expiration (red line) to give trade time to work and to reduce volatility crush effect on long option after entry.
~$300 profit per contract @ $30 expiration.
VNDA Descending Triangle Pattern. Short (and Long) Opportunity.Simple probability set up. Triangle downtrend started in 11/2016 and VNDA has only been through one full harmonic trend (wave) ever since. Second wave downward move imminent with RSI confirmation @ 35 and bearish $13 target.
However, aggressive long entry for quick profit ($15 bullish target) especially with upcoming earnings. Upon $15 target, (expected RSI >50) short for mid-term trend follow.
Quick Long Target: $15
First Short Target: $13
Second Short Target: $11.50
Total trade should complete by/in April.
EURGBP (L) 2017.01.09This is 2nd position entry. Bullish high base setup, trading over 20&50SMA on daily and weekly. 70 pip SL, 140 pip TGT for .88405. Currently have SL set for 125 pips on 1st position.
