The cable is making harmonic trend moves to the upside, respecting the channel, son now it is time to start surfing the next wave. At the zone we have a major level of fibonacci, a H4 support a potential oversold scenario and the cherry: lower band of the ascending channel "You control how you trade, the market controls how and when you'll get...
I like LOW. Expecting a nice move if it can break resistance at 72.72.
Hi everyone, as mentioned before, I am new to trading and just trying to apply everything I learn so please do not trade based on these "ideas". So I've been watching this uptrend on the Canadian Dollar against the Japanese Yen. Since I am just an amateur trader, I entered this trend too late. But I am trying to catch at least the last bit of it, just a short and...
The NZDUSD pair is fluctuating inside both short term and mid term upside trends , with the easily recognizable tops and bottoms that are oriented upside. After a constructed drop in september and early october, NZDUSD has made a bounce at a great support point : - The ascending trendline support that shows the pace of the mid term trend - The 150 days moving...
Based on the Channel and the Uptrend line rejection, I am going long
Soybeans has been supported by a rising trendline(yellow) and has just broken out upwards of the consolidation area. We should see higher prices from here on...
It looks like a daily Long, although my long term setup is Short, let´s see if this idea works, not sure yet if I will trade it on paper or real. Here is the support: - Steady Channel for the last week - A triangle that wants to continue the previous uptrend - Speed angles (Brand new idea in my side, I really do not know if there is theory behind it) - No more...
Besides today´s news GU is in the same path to grow, mid term
GU will be rejected in the trend-line, the question is where is going to stop, there are 3 possible takes (1.34, 1.371 or 1.422) lets keep an eye on it
EU is now in the basic rejection uptrend line, potential continuation thru the Strong Uptrend line and rejection to the major resistance in 1.161. There is another resistance at 1.39-1-41, however this is not strong, just confirmed in the last 3 months
Let´s see if the Setup triump over the news :)
Yes. The Dow dropped about 400 points and the S&P 500 dropped about 55 points on Friday. As bad as it sounds and feels, let's take Fridays market drop into perspective. Since 2012, the SPY was about 125... Since July 2016, the SPY has been above 212. If you really think about this, the market action that took place on Friday was a drop in the proverbial...
Usd keeps going down to uptrendline, if this is broken, probably reach the 1,10668. If not the price validate the uptrendline and it will show a new bullish impulse.
Simple Reads Set Take Profit and Stop loss appropriately . Manage you Risk intelligently.
Note : Market opened down, so your risk will be decreasing. Look for better risk-reward ratio and enter the trade Market is continously in bullish trend We are entering in pullback RSI in oversold region
Buy FX:GBPJPY After Bullish Candle Stick Formation Price @ Back Side of the Trend Line (BLUE) Touched Uptrend line (Pink) Higher Highs (Support, Blue Arrows) Very Sharp Counter Trend Line Break StochRSI Over Sold Entry: After closing of the daily Candle (This Friday), Place Trade Monday Afternoon Stop: 10 Pip Below Previous Low (153.229 appx.) Take Profit:...
EURUSD is in bulish trend from March starting and we had decent pullback last week. We have marked our entry zone, where we do have Fibonacci Confluence also. Exactly in our marked territory ABCD pattern gets complete which increases chances for EURUSD to move up after reaching this zone. Happy Weekend ! Happy Trading !!
At the end of that big triangle an outbreak seems plausible . My target is around 4000CNY just before the halvening im am quite bearish for the next couple of day but the resolution might occur around friday. Hoping on some good news regarding the block size issues this week.