Downloading...
Download

Hanging Man

EURGBP - Monthly OutlookI've had a short bias on this pair for 2 weeks now, with a few successful smaller TF trades (and 1 losing trades). As you can see, on the Monthly TF we're also showing signs of bearish pressure. Monthly - Hanging Man formation complete - Dragonfly Doji almost complete with 3 days trading left this month) - Key support turn resistance Weekly - Bullish channel break - Bullish pressure has returned (showing indecision against bearish outlook or a bull trap) Daily - Double top - Arguable Tweezer Tops I'm sitting on my hands for now, but still anticipating a move down. Let's see what the referendum brings regarding the Brexit.
Short
by JakeSummers4x
Bearish candles on Weekly and Daily chartsULTA is in an obvious up trend on the weekly chart. Sort of sideways on the daily chart with an RSI making lower lows and lower highs. But if you put a lot of stock in candle formations then you might be willing to risk some money to the downside. Bearish formation in Friday's candle on the daily (engulfing candle) within a one on the weekly (upside down hang man). No position for me but next week I will be watching the price action. There might be a post earnings (last Thursday) move on the horizon this week. Exhaustion could get a pullback below the trendline if there is a reversal move off these recent highs.
NASDAQ:ULTA
by bertolinitrading
Long again on USD/CADBeing in a daily uptrend, USD/CAD has strongly rejected a previous support level (1.0860), and the 0.5 and 0.618 Fibonacci level in its pullback and closing on Friday 29th August 2014 above the 50ema as both an outside bar and a low test giving well-founded signs of imminent bullish continuation. A drawback to this trade would be that the weekly chart is still in a pullback. Entry - above Friday's close Stop loss - ideally below Friday's close Target - initial level at previous highs
Long
by amanpaulbhogal