$NAK is ready for a move on the upside. It touched key levels of support and bounced back up after hitting the trend line. Entry point: 1.48 Exit point: 1.97, if that key level of resistance is broken, hold until the next level of resistance is touched. Stop loss: If the price goes below 1.23, a trend reversal will be confirmed. Below that point, sell your...
Breakout stocks $TDOC, $CARB, $VSLR, $SAGE, $EMN, $LM, $ABT
This chart has been very vertical.. Take a look at the Bull Flag forming on the 4hr chart. 1 to 1 move puts the completion right into a HTF Resistance Zone.
EUR/GBP is in a descending triangle and is about 70% through, i'm personally looking for a short position but the latter is also possible. Break and close below suport at 0.83313, will validate a sell for me, whilst a break and close above the downtrend line and weekly resistance at 0.85312 will validate a buy.
This one in AUDUSD will make us wait for next few hours or longer and on upside pullback in our zone , we will short Audusd, then ride it all the way down to 0.7470's zone. Totally worth the wait if we get filled as per our plan. Happy Trading !
Amazon is going to go to 880 where these two light green lines converge. The high looks like it should be there by Thursday at 12:30. First resistance is the prior top as the chart suggests. Monthly support around 846-850 , the blue dotted line is at 847.15. Light blue projection is the length of the prior leg. The upside potential is huge. We could keep going up...
The market is heading to a Cypher pattern complition just before the ECB press conference. After recent improvements in growth and inflation, ECB could express its optimism and shed their dovish feathers. This scenario accompanied with tomorrow's US jobs data may deter aggressive profit-taking on the dollar today and underpin our plan. OANDA:XAUUSD Entry...
Another Pumb and Run reversal top formation, look how massive is the break out after the retest
Looking back at the bigger picture of this break-out, there could be two additional targets for the price to go lower. Looking closely, the formation of another rising wedge ( ) over the last two weeks with Stochastic indicating an already overbought condition. Resistance should be around the 0.74950 mark although there is also an advanced pattern completion a...
Sell it & hold on to it. Has potential for big move down.
Good and well defined wedge, waiting on the breakdown, keep an close eye on it
Possible bullish pennant on 1 hour chart. Expecting breakout to the upside and looking for targets @.26000.
Just got long @ Market on GBPAUD. It has created a small balance area on the 60min over the past couple trading sessions. We just saw a break and close out of that balance area. Best of Luck!
USDJPY on the 60min in consolidating in the shape of a Descending Triangle. These patterns tend to cause large breakout moves in the markets. I'll be watching this pattern and will be waiting for a Break & Close out of the pattern to give me direction. As of right now I have no idea which direction it will break, so I will not involve myself until I get my...
USDJPY has been in a bearish channel since the start of 2016. Now finding itself with a tightening of the channel due to a strong level of support from the 100.000 price level. If the bearish momentum continues there could be a breakout under the 100.000 price level. If 100.000 continues to act as strong support, there could be a potential bullish breakout....
There's quite some room to the left, so a retrace of the recent up move is likely at this SR area. Once it breaks this structure (green line), take the short trade as indicated. Good trading all!
above al the MAs is bullish with tha SMA200 acouple of cents Long > 16.02 Stop 15.69 Final Target 17.29 There are targets before the final one 16.50 target