As we've stated in our previous analysis, we expected AUDUSD to continue rising towards its 61.8% retracement level. But price declined to as low as 0.7330. We still anticipate aussie to rally to 0.7570 before trending down. A break from its bearish channel (red) would give us a clue.
Took a multiple lane set-up with compression on the bollinger bands. Used the 5ma as the trailing stop.
Cable's movement shows it is still on its corrective stage which might top at 1.4675 - 1.4730 areas.
After observing the $XGTI trend for the past weeks, this is what I predict, feel free to dispute what I said. i hope all the #BULLS are ready to grab some profit...
As you can see all the major indexes are an important resistance. On weekly: it has resistance at the 50 day. All our indicators have turned neutral or slightly down. We will probably have a consolidation or a pullback of a Fibonacci ratio, probably to an important moving average or the cloud. During these periods we still may have candidates but you will have...
High probability that we will test 117.00 and maybe 116.500 if this 1h candle close below 117.700! Do not put money on trades you feel uncertain about. The real trades - the one you feel good about pushing a lot of money in on - may be right around the corner. It may occur on the very next chart, and you want to have plenty of money on your account when it...
My analysis - bullish gartley pattern + symmetrical triangle .
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
WBA in a bear Flag pattern. The flag pattern is perhaps the most favorite For most technical analysis traders. Watch that 78 level, which would be the measured move. Wait for confirmation.
JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well. KEEP IT SIMPLE TRADE LEVELS