If there is another strong bullish candle then this can be a good breakout trade! It will be a good long position with a potential risk to reward of 1:2.
The EMA's are also showing bullish signals which gives me a good confluences.
As a bonus we could also enter another long position at the reversal.
Let's see whats what happens at the end of Friday.
Awaiting break and retest of either side.
Bullish trade Idea
1. Wait for an impulsive break of 1740
2. Wait for price to retest 1740 region - ideally with a bull flag
3. Enter trade with a take profit of atleast 1780. Ideal target 1800
Bearish trade idea
1. Wait for an impulsive break of 1660
2. Wait for price to retest 1660 region - ideally with a bear...
Bullish divergence on the Daily on the MACD and the RSI - green line
We can see how the price consolidates inside in what it seems to be an ascending triangle - blue line. Formations like this tend to break upwards.
Regardless the direction of the breakout , we currently trade in the low are of the consolidation and just bounced off the demand trend-line...
Here we see two options;
1) a Long opportunity using the Ascending Triangle Pattern.
Here we will wait for an upward break back into the support line.
We then anticipate a rally up towards .72800 and prepare our entry and exit strategy.
2) a Short opportunity using the Double Top strategy.
Price retests resistance line twice but is rejected back to...
This is my first post, so I'll keep it short.
Fundamentally: Bullish. This company is expected to start pumping oil in early 2019. Keep an eye on oil prices.
Technically: After going below the 200MA on daily chart, I think there's strong potential to get a better entry so rather than illustrate a stop, I've attempted to include an accumulation...
This is a short screencast showing an excellent entry position. (this is not advice to enter a trade).
The gold market is holding it's breath I think. Keep in mind that generally Gold has an inverse correlation with Stock Markets in troubled times. I suspect that people are watching for a Halloween Effect, or something with the Stock Markets - so they're...
From what we can deduce here in this chart and it's patterns that it has displayed over past three months, we can expect a continued decline from it's 342 touch just days ago to the 259 level before beginning another uptrend. This decline will take course over the next four days and on the 30th of October, we will see our best entries for the upcoming month of...