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...
Hey Guys, We have symmetrical triangle pattern in USDJPY, wait for the breakout side confirmation then take the trade. Don't get trapped in false breakouts, as markets are volatile false breakouts are possible. Whichever the direction it breaksout we have great number of pips to be gained in this pair. Hit likes if you support the idea.. Thanks, Happy Trading !
This is a breakout and has formed a long base, it is important to see if volume will be above average however if a true breakout it should stay above the breakout level so use caution but could move well from here
Currently, the price action of this one has broken all time high at range of 734-744, now after a breakout it has made a doji candlestick on the previous resistance range and made it a new support (In case, the price action goes below the new support range then it might be called as a false breakout) and I believe the price action of buyers will take the price...
This one is a nice oportunity to break nicely the 5 round number, and could fill the gap for a nice low risk setup, another nice thing the SMA 50 is just in the closing price...the target is 6.23 and the stop 4.56 (sma50) only if the price breaks the round level of 5 with nice relative volume
This stock test the 9.80 area 5 times, so in this case the SMA 200 will be below the price if we make the breakout the same as $CHI...I expect nice relative volume on the day of the breakout... target above 10...stop 9.29
Very simple idea based on selling or buying the breakout of wedge in the direction of breaking trend. SL: 158 (I would place SL right on the breakout if the thend couldn't bounce up and then go down)