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
ascending wedge breakout in upl can go up to 665.28
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
Observed a breakout from 47.90 - 48.70 with a single candlestick that shows strong bullishness in the price action. It has been correcting a while and today reached to the previous resistance and confirmed support. Next Target: 53.13 SL: 46
The fundamentals are great, every month the company is becoming more and more important. Tecnicals only if we break the trend we can go bullish in the long term long >75.11 SL 73.96 Target 82.69
Looks pretty bullish if we can break the 1.81, the risk is low o n the 1.4 and the target in the long term could be on 2.8
With continuous gain in volume and up-trending moves, it is making new breakouts very frequently and today I observed the same. I expect today's breakout will speed up its movement to 520 levels. Target 1: 520 SL: 480
Just from using the Accum/Dist indicator it shows that there is a lot of upside here. Yeah i know the reason as to why the stock collapsed, but if you bought at the lows you are looking at huge gains in just a matter of days. I think we could see a move towards at least $1.50 in a very short time.
Entered a short last week on and got stopped out. However with possible shooting star reversal, and the pair entering back into the bearish region. I will be shorting this pair yet again.
Some possible trade ideas on XAGUSD in the coming days, could go either way so follow it closely.
If we see teh cande close below resistance line buy the breakout
POTENTIAL BULLISH GARTLEY PATTERN COMBINED WITH STRUCTURE
1 hourly and 4 hourly are heading toward a strong daily resistance area coupled with a supply area. Although we see the supply area tested many times, it is holding. Overall bearish daily outlook. The 1Hr has broken its steep uptrend, now we just wait for 4Hr trend line break. Once this is confirmed, we will look for the ideal 1hr retracement or breakout trade to...