CADCHF is shaping up for the Bat completion sell at a very big trendline. till that happens we might have one more buy chance to play the CD completion. if we can complete the flag here i will be looking for a breakout to the upside for a 3:1 trade.
As alot of EUR pairs. EURAUD is also seeing a sharkish formation. but in this case we might see a trade earlier, since the consolidation is already startin to form. if we can at least retest the recent (consolidation) swing highs, i will place my orders below consolidation to sell to the shark completion point. should be a small easy trade with a decent risk...
Consolidation Break Out......consolidation formation structure, double bottom.... Trade Entry sorted...... Let Price do its magic.
Watch the notes. We'll get another big short falldown. Best of trading and if there are any questions I'd like to answer them!
With this momentous breakout of the 2 year downtrend in Bitcoin's price, it can be difficult to imagine the possibilities going forward. I find repeating pattern's in Bitcoin's price history offer some direction. The patterns highlighted with the purple arrows are the price consolidation areas in yellow that have with a notable regularity formed near the 0.236...
As pressure builds up in the consolidation channel outlined on the chart the likely breakout direction is upwards.
EL has been cropping up on my lists quite a lot recently - overall it is an upwardly trending stock and has been since 2009/2010. However, the trend is not at all easy to trade - even for a longer-term trend trader. There have been many periods of extended consolidation - the duration (rather than the depth ) has been the main sticking point. In the last few...
This pair has been consolidating since late last week between 0.7225 and 0.7165. Breakout traders can lookout for a potential breakout trade. I would love to hear your opinion, feel free to comment, agree or disagree....
EUR/GBP is seen to be trending below the 50 ema in an aggressive fashion. A potential entry to join the downtrend on the 1 hour chart lies between the levels ~0.7000 and ~0.7080 which nearly coincide with the declining 50 and 20 emas respectively. A formation of a high test bar/reversal pin bar/shooting star will be a sign of a short set up at...
JWN is in a solid uptrend with the MA's lining up parallel since quite a while. Since breaking out of its last consolidation, it rallied up about 13%, before consolidation again for just short of 3 months. It broke out on a very bullish day with huge volume and has retested the prior resistance. It's now forming what seems to be a bull flag, with a nice volume...
The enterprise software company's Q2 earnings met analyst estimates, and ServiceNow raised its revenue forecast. But ServiceNow stock was down. Technically we had wide wedge that gave good buying opportunities with reversal candles (check my long ideas in the links below). But fow now, stock resolved its indecision pattern to downside on increasing volume....
Gold seems to be a haven asset for investors in terms of tensed siituations all around the world. Iraq is a key oil market player and there also is a difficult situation. Rebel activity in the North of the country has forced the U.S. to send to Iraq 300 military advisers. From the point of view of technical analysis there was a lot of tips and trading signals....