Price could break up , searching for previous highs
Breakup confirmed on the Daily. Cliffnote: @thomsonreuters demoing their beta BlockOne ID HD Wallet for Ethereum! Live on Morden soon! #hackETHon >>> twitter.com Happy Pumping!
Snake around trend line. Expecting Cobra attack ! Up! S1 29900 TP1 131200 TP2 131600 TP3 132600 TP4 133400
Let´s roll... Closest Target: 2330-2400 area Happy Rocketing!
The daily as well as the strong support in 2050-2100 area provide strong indication. Sidelining until a decision, which will most likely be depending on the question if bitcoin (chart in comments) can breakup.
Despite the fact that every day we see negative news (oil freez failed) and different comments in articles, the action in market is bullish. That is why I prefer to listen the price, not analysts with their opinion. So, as we are approaching major resistance area after a long run, I wouldn't be chasing (initiating new positions) here. Better to wait for another...
Need to wait for PPI news to see price action and if it holds above it is a long with good R:R ratio. If USD news is above expectations avoid buying AUD versus USD. Stop should be put to breakeven once trade is 25 pips in the money. No need to give money back on Friday. ;) Have a great weekend everyone!
NGAS Natural Gas Downtrend Pitchfork Breakup The bottom is in at 2.637 with downtrend broken up out of the pitchfork channel.
nice flag pattern formed on usdchf. The longer it consolidates the bigger the breakout. usdchf has now recovered more than half of that massive drop we had couple weeks. my Prediction is we will get back up to the previous level where it was before because CHF is fundamentally weak.
The double top of yesterday broke down, although it did not go straight down to 240, we were able to take profit. Unfortunately that same pattern is not visible on the huobi charts, where there was a weird head and shoulder / triple top-ish pattern. Nevertheless, all charts where pointing down. Today I use BTC / CNY on huobi for chart because it illustrates a...
KEG gapped up after a wedge pattern. We have another triangle forming which bounced off the 13ema (yellow arrow). Profit target is 2.00, stop loss should be at 1.49.
Following current trends this triangle has just broke out, aiming a price target of 48.08
Keep the Euro on your radar screen. It's consolidating and will most likely move soon. She's come a long way so another move down could result in a snap back rally. If she breaks to the upside first look for a re-test of the break down lows.
Playing the price action I am going to wait till end of hour to confirm a bounce and then either jump in a LONG position or a SHORT position depending on the results of the next bar.