- Bullish divergence on H4 using stochastics
- Breakout of the consolidation zone and mini channel on the H1
- Supported by monthly key level if price decides to retest the consolidation zone once again
- 90 pips target with 45 pips stop loss
- Bearish divergence on the H4 using stochastics
- Price seems to be rejecting the major daily resistance level of 114.33 and started to consolidate on the H1 before breaking out this zone to the downside
- Could see price heading towards 113.00 as it fulfils the fibonacci 38.2 level on the D1 as a well due retracement after consecutive bullish moves
Last post: April 18th. See chart.
Review: Price had just broken out of the previous resistance level.
Update: Price went back below the resistance level then went into consolidation, but has since made new highs and broken a higher resistance level.
Conclusion: We will be looking for long opportunities following the next breakout.
Any comments or questions,...
Could be poised for a decisive breakdown as price is testing the bottom of the regression trend channel / 200 MA
For a bearish confirmation i'd like to see the channel breaks as well as the Jan 2018 low
Keeping tabs as long consolidations often lead to big breaks
This stock is featuring for the first time on our TradingView blogs.
Current setup: Price has just broken out of consolidation which lasted for several months.
Conclusion: We need to see price remain above the consolidation zone to make sure this is not a fake breakout. We will wait for the next breakout before looking for a trading opportunity.
We last posted on the CHFJPY on April 21st when several days of weakness had given momentum to the bears which were looking to take price through the pivot support of March.
The breakout did not materialise and, as has been a feature of FX, price instead found support and the bulls kept price within consolidation. The pullback to the upside lasted only 3 days...
We last posted on the USDSGD on March 27th when price was firmly range bound between pivot resistance from September of last year and the round number 1.3000 acting as support.
There has been no change on this since then and price has continued to side wind between those levels of support and resistance.
Price is our, and must also be your, primary indicator....
KAZ Minerals is a stock that gave us good profit in the bull run from 2016 to 2018. This was a stock that went through excellent periods of trend followed by extended periods of consolidation. That is just the nature of this stock but one that can deliver very good profit if given the time to develop.
We were stopped out of all our long positions in the pullback...
After breaking out of the monthly wedge and retesting we are seeing another breakout this time of the daily ascending wedge. Currently we are seeing the pair ranging sideways but I am confident that we will see a break above the box and onto 1.77000s.
For 2 weeks now we have been range bound between 7280 and 7440 with clear support and resistance visible.
My two plays will be wait for a break of the trend line and get short, alternatively a break above 7440 and i will want to be long.
Tomorrow is the 1st of the month and statistically it is the best day of the month for gains so I will be watching closely for...