bull and bear trap Archive
Pointing out some observations of AUDUSD, AUDCAD and AUDJPY, price reaction to significant levels. Additionally note AUDJPY can be a prediction for Asian stock indices.
Breakout trades explained. We discuss breakouts as a trade signal/trigger, why there are two strategies: to jump a breakout or to fade or trade against one.
5 features that make a bearish reversal in this EURJPY example. Explained also are 4 different entry levels for traders who demand different levels of risk/ different confirmation.
A look at trade setups in AUDUSD, NZDUSD, Nasdaq and XAUUSD. All 4 qualify as potential bearish reversal sell setups pending price signal and confirmation.
Week 34 2016 price action can be described only as moribund followed by Jackson Hole come alive. Last 12 hours trading was also shoot-one-way, U-turn-the-other with initial bearish USD followed by bullish USD. Torn, indecisive action or just herding traders into a big trap?
DXY, EURUSD and SiMSCI prints highly recurring false-break followed by re-test sequence that catches both bulls and bears on the wrong trade. When the market is playing mind games like these, watch for coming reversal.
Bank of East Asia (0023.hk) re-testis 2013, 2014 52-week highs in a highly recurring sequence. Concepts involved are 52-week highs, resistance, false break/bull trap and re-test.