FREE

Get The Ultimate Guide to Price Action Trading

  • How to decode what the markets are telling you so you can identify high probability trading setups—consistently and profitably
  • How to identify hidden strength and weakness in the markets so you can “predict” market reversals before the crowd
  • A simple trading strategy that allows you to profit in bull & bear markets (without any indicators)
__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-color-0)","hsl":{"h":20,"s":0.99,"l":0.01}}},"gradients":[]}}]}__CONFIG_colors_palette__
Yes, Give it to me

The Trend Continues — Ezra 

 June 15, 2015

By  Rayner

ezra

6 Facts About Ezra

1) Price is currently below 200 and 100 EMA, which indicates the medium to longer term trend is towards the downside.

2) Only 1 out of the last 11 months, did Ezra closed higher for the month.

3) Price is currently over extended to the downside.

4) The 20 & 50 EMA is currently acting as dynamic resistance.

5) There is a gap since 29th May that is not filled.

6) RSI and Stochastic have been oversold for sustained period of time, indicating that the down trend is strong.

Trading Plan

A pullback towards 20 & 50 EMA provides shorting opportunity.

Stop loss will go above 50 EMA.

Kindly do your own due diligence. As always, comments are welcomed and encouraged. Cheers!

Do you know the 5 Secrets of trend following that makes it profitable over the last 200 years?
In my trading course I fully reveal to you what are the 5 secrets, and how you can dramatically improve your trading result.
You can download it here for FREE.
  • {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
    >