I think that the recent rally might still find some upside if a test of 1.0700 holds. As you can see on my chart, the 1.0700 level was a previous high. When we broke the 1.06776 highmarket flow turned north. A hidden Optimal Trade Entry shows that the OTE fibs line up with the previous high and 1.0700 number. The 1.0700 level may provide a Long entry there....
Cable has retested previous resistance and subsequently formed an inside bar. The aggressive move is to go with the break of the inside bar. Conservative trade is to go with the break of the "mother" bar. Targets are the dominant swing high or recent lows. I am biased to the upside on this pair.
Price is testing support for the 3rd time. RSI is oversold ADX is starting to turn up Should support hold it is a triple bottom. I will buy as there is great RR. 1st target: 0.768 2nd target: 0.774
Price has tested ATH area. This is an area of resistance, and I fuly expect a reaction at these prices. Due to RR, I will favour a move to the downside, but will be cautious with entry in order to not get caught out with a break out. * Weekly chart used for illustration only NOT entries Supporintg criteria: RSI overbought ADX approaching overbought levels
Caterpillar Inc has been one of the best performance since the Trump ellection. It's obvious that if you are planing to build a huge wall across the southern border, you are going to need a ton of machinery. This month, the stock took a dive due to some accounting issues. after a few weeks of testing the support, the stocks seems ready for a new bullish ride. We...
SM Energy Co. just had its dividend calls yesterday, in line with the street expectations. The stock has been in a bearish ride since last december, and we currently see a pullback which leads to a pretty nice short set up. Right now, the 24 ressistance is the entrance point for this trade. We are expecting that SM resumes its bearish trends, and our first target...
chinese names have been hot lately I entered at 53 because of the enormous resistance level (top trend line). and strong support(bottom trend line). It's just been beasting and i wouldnt recommend buying after such a big move. Don't need excess indicators ke NYSE:EDU ep it simple.
NASDAQ:OLED Nice bull flag and has been showing strength since the slight market selloff that wiped traders out on the 21st. barerly even budged. even after earnings it held that old 67.25 support level showing relative strength, next day buyers showed no mercy. Then took a breather now that the setup is there looking to go for another 1. Entry- 86.20 Target- 93+...
Price has risen to test a very strong area of resistance. On the Daily chart a breakout looks imminent, but I favour a move to the short-side There is great RR, esp if price tags the 0.77406 highs I will wait for a bearish daily close at these prices before looking to short There is not much indicator-based support to this idea, hence my cautious approach.
Price has stalled at resistance around 122.800s Should price retrace, I am targeting the previous consolidation area highlighted for a long position
A trade I have been stalking for some time. After breaking out of a previous area of consolidation, price has retraced back into this area. I will be looking for shorting opportunities intraday, with a view to a swing trade targeting the 1.230 region. Supporting criteria: RSI overbought ADX approaching extremes 61.8% Fib of dominant downswing has confluence...
Hi guys, for those of you who day-trade advanced pattern formations there's a Gartley pattern completing at 1,0904s on 15m AUDNZD chart. I'm already involved with this pair (see attachment) so i'm not taking this one, but i wanted to share with you anyway, Stops above X, targets as usual for pattern (better risk/reward ratio with such a deep Gartley). If you want...
Hi guys, for those of you who day-trade advanced pattern formations there's a Gartley pattern completing at 1,0904s on 15m AUDNZD chart. I'm already involved with this pair (see attachment) so i'm not taking this one, but i wanted to share with you anyway, Stops above X, targets as usual for pattern (better risk/reward ratio with such a deep Gartley). If you want...
AMD has been on a massive uptrend, the selling off right now is nothing to worry about. At first the market reacted badly to the Ryzen but in coming days I believe people will realize how good it actually is. From a technical stand point the area's of support are between 12.92 and 12.42 AMD is trading above its 50 SMA which is widely referred to as the...
Texas oil , is as much as ever tide very closely to political event and oversupplie problemes . Cut of production have almost run there course and price action has never been able so far to go above the 54 55 area .Cut did not produce the push in price action and shelloil producer are still pomping a lot and are not planing to cut production , more like the...
The actionability factor of this chart is insane. The key thing to watch here is the Berserker score follow through and Elasticity indicating that the buyers are still in control. If the demand continues to stay strong and $2.50 continues to hold as support then $3.50 test or breakthrough is very likely in the coming weeks. More details here blog.buysellshortcover.com
AAOI – Applied Optoelectronics, Inc. With strong earnings and forecast AAOI has broken into an all time high territory. This can continue to trend higher but we may see some profit takers early next week that can push the price down. I took a short scalp trade late afternoon on Friday last week from high $48 and covered at low $48. This stock would definitely...
All the AUD pairs is showing really great WEEKLY setups, with strong S/R and reversal candles forming/formed. I will trade the USD very carefully, but still stick to my technical analysis, im taking the DXY as a strong indication on where the USD will move the next couple of days/weeks. Im waiting for good reversal setups on the daily, but i'm willing to short...