The pair fell to 1.46569 Level. Some participants missed the move and would like to have a peace of a pie. Basically one of the entries can be the breakout of the current local low, but, there is possibility that the upcoming US news will define a current low as a low for today. I suggest to wait till the pair will move towards 50% - 61.8% Area to sell. but...
Put the fib at the real breakout level (cause that's where the rally started then) and you get an OTE at 252. that makes good sense in combination with the price action we are seing now ... long wicks down to the ote (typical ote buying) !
Hi Yen Risk Takers, This idea is similar on the USDJPY bullish idea I wrote a few days back, but with a different approach in terms of entry level. Usually the entry levels that I wrote are designed on a simple breakout basis. In here I will described another slightly more advanced method for entry. By all means, advanced entry may not necessary mean that the...
I see a decent opportunity to buy coming in the next month at the 420-450 area. The lower 400s have shown strength in the past and could provide a nice baseline for a potential strong year end.
: Mistake in the text on the chart, should be Looking for a "higher high and Higher low" ; It also has 2 gaps to fill, small but worthy point to take in account Seeing TimWest's idea on the stock price today, felt to find a good entry point for the stock on the short term, while focusing on the long term prospects. On the weekly it does seem that at any point it...
Many sector leaders like Gilead, Celgene, and Biogen all had a nice run up at the end of the week, which is encouraging given people tend to sell on Friday, especially in this market. This bad boy went berserk in April 2013, flied away from this trend line and entered into a channel, which by the way, it broke exactly one year later, April 2014. Since then...