First lets start with NZDUSD; looks to me like the pair has found some support (and a good place to take profits) at .81223. I believe this small retracement will only last until previous support is met at around .82477. From this level traders will most likely see the price fall dramatically over the next 7-14 days. Below shows the daily chart for this pair and my lines should help my story.
Next up we have EURUSD which is making me so happy I cant believe it's not butter. This pair has been on a slippery slope for the past 2-3 weeks and has finally found some support around our entry of 1.296...exactly where I thought it would seeing as how this is the 61.8% retracement level on the weekly chart and historical support going back to 2013 and 2012. For this pair I see small buying at first to shake up the shorts and get them to offer up more EUROs at lower prices just so the big boys can come in and carry the price right back to our 1.32-1.33 range. From there I'm looking for my target at 1.37 to be hit...Now that's swing trading at its finest if this works out. as of now this all looks like it could work out. Below in the first chart is the weekly chart and after is the daily chart I included to give you a closer look at the situation.
GBPUSD has been a stubborn old man recently, giving traders no reason to want to participate in its action. The price has been hella volatile and I'm sure amateur traders are pulling their hair out trying to guess the next move. I believe, and believe me, the 1.60 level might be hit just to destroy the longs, confuse the shorts, and pick up pending orders. If not, the move higher is set. My entry was around 1.62 and my target is around 1.64. Another possibility is the pair moving to 1.64 as a resistance test only to let the thing drop heavy through the 50% retracement level 1.60, right on to the 61.8% level 1.57. The weekly chart shows a bit of a hammer candle but the daily just shows a doji supported by some strong positive candles but nothing too major yet. Observe the language...a lot of price action going on here. Below is a daily chart which shows us what I'm talking about.
Lets look back to USDCAD and remember that last week we saw a triangle/bullish flag, a bearish divergence, AND a resistance level approaching. Here we are today dealing with those sings and signals. From 1.11 the price has fallen sharply and given me confirmation that my signals and indicators (tho they're delayed) did not steer me in the wrong direction. My next move in this pair is to sell support turned resistance at around 1.10 and my first target is 1.09 and my second is 1.08 just to warm myself up lol. Below is a chart of the daily candles of this pair and you can clearly see what I'm hunting for and why.
And last but certainly not least for the FOREX section USDJPY. I've had this pair bought at 104.90 and held it for over 2 weeks now. It's been highly successful and profitable. From its current level is 107.03 as I write this post and has posted a doji from yesterdays lackluster day. My first target is still 110.00. Basically if it works don't mess with it. My initial position is working so no need to manage anything right now. Patience grasshopper.
Let's direct our attention towards the U.S. Equity Markets. Yesterday I mentioned two instruments I had my eyes on. The first being AMAG, it has been showing me exactly what I want to see. My 22.99 resistance sell order has been respected but hasn't done much more which leaves me a bit cautious. Today the pair ranged between 22.99 and support 22.79. My target is around 21.50 or the nearest resistance level from the move up. Below is a 15 min chart showing the inactivity in the stock and my entry prices along with my targets.
Now completely last on today's analysis report, or whatever you want to call this long ass chart hall, is C. Here, we're literally trading against or with the bank traders lol. Yesterday I mentioned this stock because it showed some promising movement to the downside based on its technical performance. So far this stock has only flirted with my entry which is a stop-limit short sell; because I'm looking to be carried with momentum downwards towards the bottom of its range instead of being jerked up in down for three days only to be stopped out if the market decides to turn around and go home. 51.90 and below is all I'm interested in. For now I'm waiting for orders to be filled but I still feel the same way about this stock as I did yesterday.Below is a 60min chart which shows us todays ranging and my entry price level and my intial target.
I'm not interested in hearing about you losing your money because you tried to copy any of these trades so do yourself a favor and study your own research and analysis or email me so you can pay me for my complete ideas. Other than that youre on your own lol.
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