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- #9,489
- Edited 1:57pm Mar 24, 2016 1:28pm | Edited 1:57pm
- Joined Nov 2012 | Status: Trader | 5,895 Posts
- #9,490
- Mar 24, 2016 2:13pm Mar 24, 2016 2:13pm
I think we are going to see more of a move down before we see a change in trend. I've got a short on at the top of the trend line. It looks like the 200ma is giving resistance and we have bounced off the fib level at 13290. Also the 50ma is about to cross the 100ma.
Daily:
Hourly chart. I think i'll hold onto my short until i see a signal to close, with a trailing stop.
Just my opinion.
Daily:
Hourly chart. I think i'll hold onto my short until i see a signal to close, with a trailing stop.
Just my opinion.
- #9,493
- Mar 25, 2016 5:22am Mar 25, 2016 5:22am
- | Additional Username | Joined Dec 2015 | 3,529 Posts
- #9,495
- Mar 25, 2016 5:44am Mar 25, 2016 5:44am
There's a shooting star candlestick on the daily time frame, and it's right below the resistance at 1.3260. I think it will continue falling.
Ultimately yes, a drop below 1.29 lows will be possible but needs to consolidate losses first and hover over that MA in weekly a litttle bit.
- #9,496
- Mar 26, 2016 4:33am Mar 26, 2016 4:33am
- | Additional Username | Joined Dec 2015 | 3,529 Posts
{quote} It may just consolidate down and up because it has fell in demand zone on weekly chart. The drop was too fast and agressive, time to take a breath eh?
- #9,499
- Mar 28, 2016 1:27pm Mar 28, 2016 1:27pm
Good tight stop buy trade opportunity here.
Bullish divergence in 15m+ 1hr/4hr 200 /100 ma support (demand zone) your stop can be just below the day low I guess. Anyway I think it should bounce up soon So I'm rebuying if the stop is hit
Bullish divergence in 15m+ 1hr/4hr 200 /100 ma support (demand zone) your stop can be just below the day low I guess. Anyway I think it should bounce up soon
So I'm rebuying if the stop is hit
