Apple stock has produced a triple bottom pattern or maybe even a cup with handle, this is backed by there being some form of flag/handle, this means BUY when it breaks resistance which it has.
This is backed by the COPP curve being in positive, showing a increase in trend. But if the earnings report is bad then I recommend selling immediately as it would...
Expected bearish for the next couple of days once it hits the trendline.
Buy LONG as soon as it hits the 2.5 for a 2.13% in the next week.
I am going in with a micro lot of 0.05 without a stop loss.
If you put stop loss. I would suggest at 2.5000
In this chart we want to focus on trading harmonic patterns and how to trade potential opportunities. Our #Forex signal today is EURAUD Buy Limit @ 1.43241 Stop @ 1.40926 and Target @1.45869.
Also on the reverse strategy there is a signal to short EURAUD Sell Limit @ 1.45900 Stop @ 1.46906 and Target @ 1.43300.
1) WITHIN A BULLISH CHANNEL
2) RETESTING SUPPORT
3) RALLYING BACK UP OF PHASE 1
4) NEW LOW HIGH
IF WE CAN ENGULF THE PREVIOUS 4HR BAR WE SHOULD SEE A RALLY UP
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