Shortsignal
A Great R/R on GBP/USD Short...A risky play here as GBP/USD rejects and falls back under 1.2667. There are two important highlights about taking a short here:
1) Price is still in an uptrend, so sizing must be small because it is risky to go short without confirmation.
2) That said, the potential reward is MASSIVE - considering a final TP around 1.07 you have a R/R of 17:1
A $100 risk would net you $1,700
EURJPY H4 - Short SignalEURJPY H4
Here is a comparitive, both eurozone base currencies, typically move very similarly due to correlation, the only factors being the length of the rally and the spikes caused from recent interest rate hikes and economic outlooks from central banks. That being said, both following suit to some degree.
I think we are starting to hit the pivot points for correction as mentioned last week, we have just yet to have seen it. An inkling of downside volume last week, can we see this resume again going forward?
TOMO moving downTOMO reached the supply zone in daily timeframe and now is moving downward to break the trend line; a bearish market, which is probable, can give a giant profit on short position
MA is seems to be weak.MA is showing weakness on 1W chart.
There is a big sell zone near 382$ where buyers have tried to win sellers, but all 6 attempts (mentioned on chart) were losing.
I expect two signals of weakness that will give confirmation of closing long position/ opening short position.
First signal is closing 1W candle under ema50 (about 357$ at mom). (This signal will be very strong, because it will be multiplied it strength with closing 1D candle under ema200, that is a confirmation for closing long position).
Second signal is closing 1W under critical level 347$ - that will be confirmation of opening short position.
Main targets are shown on chart and now are
320$, 250$, 215$.
You need to be very patient and wait until confirmation of next bullish market on this stock, big bounce (about +20%) I expect on 215$ (-45% from high 2023). Big bullish trend will be later, when chart will build again a structure: Price>ema30>ema50>ema200.
GBPJPY BREAK AND RETESTHey!!! Hope you’re well. Currently GJ has been in a downtrend spiral, currently we are in small structure bullish trend, and I expect it to hit -27 but as price is moving abit slow that mayn’t proceed to Monday and eventually break that minor structure trendline to the downside only enter after price has finished that bullish momentum, a break and retest of that trendline has been put
SWK - Head and shouldersOn this chart, we can see a head and shoulders-formation and we are therefore waiting for a breakout of the neckline, to take our short position.
Stop-loss, target and ROI are all shown on the chart.
The target for this trade equals the earlier support level.
In this case, it shows that during the last half year, it has formed into a multiple bottom, and our current target as bears, would be a good entry for the possible uptrend afterwards.
USD/CAD Looking for Peak high.We have a trend that proceeded a long period of accumulation. I think that this trend will be short lived. Maybe one more level of pop up near or above my levels. At some point in time in the near future, I'm looking for a great portion of the trend which took a long to time get up, to be taken out in a very short period of time. Maybe a single session or full day can undo most of the trend. FX:USDCAD