EURUSD messy bearish H&S pattern in play?EURUSD messy bearish H&S pattern in play?
I am looking for longs around 1.06 / 1.05 or
shorts @ 1.10
short from 1.0930 active
Sinatrafx
GER30 DAX short from overbought stochastics H4GER30 DAX short from overbought stochastics and failing RSI below 70 on H4
SL 10800
T1 10500
T2 10400
Please make your own analysis and please share your views, especially if you have a different idea!
Cheers,
Sinatra FX
myspace.com
A path for WTI USOIL crude to slide back into 30s SHORTA path for WTI USOIL crude to slide back into the higher 30s SHORT
Crude USOIL WTI RSI bullish divergence H1 to 43$ short-term LONGCrude USOIL WTI RSI bullish divergence H1 to 43$ short-term
We might see just a little bit more of decline first, as the RSI at 53.02 pointing downwards indicates.
Mid-term the downward momentum prevails considering the so-called "production glut" propaganda.
Take care!
Sinatra FX
TWITTER: twitter.com
EURGBP possible short scenario bearish into 0.820Entry 0.86, SL 0.872, T1 0.83, T2 0.82
alternative entry: 0.85750
This is pure technical, so watch out for UK and US fundamental data today and tomorrow!
Trade your own ideas! Make your own analysis!
Good luck!
SinatraFX
twitter.com
Crude bullish divergence in H1 RSI #WTI #Crude #USOILCrude bullish divergence in H1 RSI #WTI #Crude #USOIL
might go back above 47 US$ before further decline into lower 40s...
DXY might give in for a little correction towards 96 todayDXY might give in for a little correction towards 96 today to reconfirm its main uptrend line from pre-brexit lows,
then try to reconquer the post-brexit highs and might post a new high around 97, given that US fundamentals play their part today (Markit Services), tomorrow (Jobless claims) and on friday for the US NFP data.
So considering this, I would be very careful in taking longs in GBPUSD, especially before tomorrows UK manufacturing and industrial production data for may 2016.
AUDUSD H4 bearish divergence RSI SHORT after bounce to RSI trendAUDUSD H4 bearish divergence RSI
We could probably see another bounce towards 0.773, thenm go short at the break of the trendline.
Entry @0.77 or break of trendline @0.76
T1 0.745
T2 0.732
twitter.com
NIKKEI JPN225 bearish divergence in H4 and H1 SHORTNIKKEI JPN225 bearish divergence in H4 and H1 SHORT
USOIL crude WTI bearish divergence in H4 RSI overbought SHORTUSOIL crude WTI bearish divergence in H4 RSI overbought SHORT
With no real vision in sight to decrease the current oilpumping capacities,
I expect USOIL to get back to reality and at least make a short move back to its uptrendline from february lows.
40 is surely in the cards. A move below might open the door for 38 and further 35.
DXY bounce from 94 / 93.5 bullish divergence RSI LONGDXY bounce from 94 / 93.5 bullish divergence RSI LONG
XAGUSD silver bearish divergence RSI and bearish cypher on dailyXAGUSD silver bearish divergence RSI and bearish cypher on daily
might go down to trendline and reach 15.0 area
Crude Oil WTI downtrend channel play might correct to blue line Crude WTI in downtrend channel play, might correct to blue line
possible targets
t1 36.0
t2 34.0
USOIL WTI Crude bullish divergence in H1USOIL WTI Crude bullish divergence in H1
possible targets 36.70 and 37.70 if trendline holds backtest
SPX500 mid to longterm SHORT bearish Cypher, longterm resistanceSPX500 mid to longterm SHORT bearish Cypher, longterm resistance
In my scenario the SP500 and markets im general might shoot their last fireworks to
have a final champagne party on Mario Draghi and the ECB 0% interest rate medication.
However the longterm resistance line from May 2015 high is coming southwards, looking to meet
our curve around 2080 levels with RSI and stochastics in the daily chart hinting at a possible deeper decline,
with 1st support being seen in the red uptrendline from march 2009 lows and the 0.23 fib support at around 1785.
Please see this information as a theoretic example and not a trade idea.
Make your own analysis and plan your trade thoroughly and well-slept.
If you find this information useful, please leave a LIKE or a FOLLOW!
You can also find me on twitter:
twitter.com
August 2015 lows as resistance to USOIL at 39US$ +divergenceAugust 2015 lows as resistance to USOIL at 39US$
As we all know USOIL mainly reacts to markets' moves, so we will have to see how markets pick up the
doom & gloom news from the ECB on monday/tuesday.
Technically it clearly is a short, with growing bearish divergence in the H4 between RSI and the curve.
Decline is possible down to 34US$ (0.382 Fib support + round number) in the coming week.
Thanks for your attention.
Always make sure you only use this as an inspiration to make your own analysis and plan your own trade carefully.
Please leave a Follow or a Like if you find this useful!
You can also follow me on twitter:
twitter.com
Bullish divergence in Crude Oil (WTI) H4 opening for correction Bullish divergence in Crude Oil (WTI) H4 opening for correction
Bullish divergence in Crude Oil (WTI) H4 opening for correction back towards 35$ (round number),
34,80$ supportline and 34$ (0.38 Fib support).
This scenario might play out, if the ECB rate decision, today 13:45 CET, disappoints markets, e.g. postponing further ratecuts and
QE measures to the next meeting and thus drives the Euro up against the US$ (EURUSD), sending
markets down, which are hanging on the cliff already.
The timeframe might be slightly different from the visualised one.
So please take this as an inspiration to make your own analysis and work out your own trading plan.
Please leave a LIKE or a FOLLOW and thanks for your attention.
Twitter:
twitter.com
GBPJPY moving on up inside H1 uptrend channel bullishGBPJPY moving on up inside H1 uptrend channel bullish
GBPJPY moving on up inside H1 uptrend channel bullish after a deep correction, following the ECB rate decision,
mainly due to safehaven flows into JPY.
GBPJPY aggressive LONG trade idea up to 165 bullishGBPJPY aggressive LONG trade idea up to 165
looks like it is setting up for a next bullish drive here
Strong bullish divergence in GBPUSD opening for recovery to 1.46Strong bullish divergence in GBPUSD opening for recovery to 1.46
Playbook into the spring equinox in the 3rd week of march.
In my GBPUSD scenario, I see a small drop from recent upward momentum as the perfect
opportunity to enter LONG as a strong divergence and RSI on its path into 50+ can drive
the pair up towards april 2015 monthly low around 1.46.
On its way I see 1.43 (downtrendline from december 2015 monthly lower high),
1.44 (downtrendline from february 2015 high) and 1.46, coinciding with the 100days MA coming sharply down, as the main resistance levels.
This playbook should manifest into the 3rd week of march and then need further equasion with a keen eye on
the USD environment in general. We might then see renewed strength in the USD DIY around the spring equinox.
Good luck and always follow your own plan.
Make your own analysis and set your individual levels.
Cheers,
Sinatra FX
twitter.com
Possible scenario for AUDUSD retreat towards 0.72 / 0.715 levelsPossible scenario for AUDUSD retreat towards 0.72 / 0.715 levels
AUDUSD looks heavy in H1 and H4 with RSI and stochastics tending downwards from the 0.38 Fib retracement of the longterm downtrend coming down from May 2015 highs at 0.7760 levels.
My suggestions is to take partial profits around 0.72 where a break of our recent uptrend from late january 2016 lows might indicate a further decline of AUDUSD towards 0.7130 (0.38 Fib) and ultimately 0.707 (0.5 Fib).
0.72 would also be the level for AUDUSD to drop into a H1 bullish Ichimoku cloud, thus decelerating a possible decline.
Good luck! And always make your own analysis before entering a trade!
twitter.com
