Hello traders, My new analysis on euraud. After strong daily close further upside for euro is favored. Also there is a break from 30 day highs and a potential ABCD pattern. All that alongside my wave count makes up my overall bias. Trade safe, trade well.
Triangle pattern in Brent. Will be looking to trade a breakout by entering on a retest of support or resistance (role reversal), depending upon the direction of the move. Not much else to say here really - just a visual aid by which to look at price action in the coming few weeks.
Sell the breakout of the pink line after retesting it There is an anti bearish crab pattern formed shown with the blue triangles
If we see a close below this trend line we could see a drop to the daily resistance.
The price action within the strong consolidated symmetrical triangle breaks upside today that indicates bullishness. Target:91 Stoploss: 86.50
We need the break of 3.38, after that we will see an agresive price action, the final target is 4
Idea for this week: BMFBOVESPA:CSMG3
It has first made a double top at the 2680 levels and recently it has broken that resistance and made its all time high. It shows a strong positive momentum and beginning of a new bull rally. I assume a basic psychological level of 2850-2900 shall be achieved. RSI and MACD both trending up Target1: 2850 Stop: 2600
It is been observed that the price action made double bottom and then broke out the consolidation at around 95 levels to get back in momentum. Good Buy for intraday.
Trade opportunities opening up on the triangle on USDCAD. If your ballsy then buy now.
After observing a breakout at the strong resistance level of 54 with high volume made this one a good buy. The resistance level of 54 was previously touched 4 times and the price action reversed. But in the recent breakout it made a clear breakout from that level, which makes it a clear winner and buyer. Target: 57-58 SL: 53.30
Hi Guys, In GBPUSD the market is pretty much ranging for sometime and we have descending triangle formation which is about to breakout. While trading triangles the important thing to note is to avoid the false breakouts. Enter the breakout direction after checking your risk reward for the trade. Usually descending triangle breaksout downside but anything can...
Lithium is expected to be in higher demand. ALB beat Est. the last two quarters. Rev. and Sales good, Net Inc. is okay but could use some work, and Share holder Equity is strong. Bullish to Neutral until continuation patters develops. Long with about a 12 months time horizon.
The correction following the last strong sell-off has taken the shape of a pre-breakout structure indicating that the sellers are planning on taking this pair further south. First potential target is 122.000 followed by 120.000
If $TWTR's bullish momentum continues today, the bearish pattern will be violated and $TWTR will probably continue towards 20$ to meet its 200 days MA line. Bears should focus on the pattern Bulls target - 19.5-20$ Bears Target - 16-16.5$ and 15.5$ (final target zone) *This is an example of a trading scenario that I sent to the Elite Zone members earlier this...
Technicals Gold broke strongly through the resistance level drawn, before closing slightly above it and then pulling back below it. I have been long gold for a while and this 'overshot' pullback provides further buying opportunities. Fundamentals Following Brexit, we are likely to see UK, European and US stocks take further hits; further warnings from many...
Trading opportunities from a symmetric triangle, providing us with the opportunity to trade a break below or above the resistance/support. My opinion : Further downward pressure on oil will cause the USD to strengthen against NOK (Norwegian Krone) due to Norway's economic dependancy on oil prices. This will cause a break above the triangle and hopefully a profit...