Been monitoring this trade since last week Monday. Saw the support zone for last week overall trend reversal and now letting the pair produce a bullish channel.
It the current candle which opened this evening closes above my line @110.189, this will show that it has broken previous daily tf resistance.
Target Price @111.459
After a big sell off in cable, due to poor economic data in UK and cancelled rate hike in May, as well as, dollar strength, GBPUSD hit a major support and is currently having a pullback.
Next potential sell off continuation is with a break of 1.32 level, which is also the 50% fib retracement, targeting the next support area above 1.30.
The pair is very...
Since I published the Idea of longing BAYN, its stock price has risen 5€ per share.
The next short-term prediction is around 99-100, where it will break out and reach its target price of 120€ per share.
BUY BAYER, and see it as e pre-Christmas present of my part.
Again, as always, this is an education idea whereby I am learning more about charting and reading data. Trading will be closed if the coin is pumped or BTC moves a high percentage as this creates uncertainty and makes my chart invalid. My trading theory is based on the current state of FUN and the market as a whole. FunFair (FUN) has been loosing market dominance...
The stock is still in an intact upward trend, and is currently about 50% into the correction of the previous upward movement. In order to find an entry in the long direction, we should be on the lookout for signals in the subordinate trend. In the hourly trend, we could soon see next upward-pointing 123s occurring. Here, the entry can be made at the point 2 or...
The Volkswagen stock, which is listed on the DAX -0.01% , has picked up considerably once more in the last few weeks. Several investors are already lying in wait for entry opportunities, and the first headlines with recommendations to buy are now slowly accumulating on the web. Why is the diesel crisis still heavily impacting the automotive group, and why is it...
By commenting on key price action events the understanding of price action is easier.
Key focal points are clearly identifiable as so are opportunities which tend to present themselves around new lows, new highs etc.
By telling the story your trade bias should be better able to remain in perspective of what price is actually doing based on...