I believe we'll see the EURJPY gain strength again soon. On the bigger picture, we're seeing a bull flag in the making. If it manages to break the downward trend line, we'll see a massive move up. If it manages to break the support line, short it.
#RGLD - ROYAL GOLD INC - BULL FLAG - NASDAQ WITH THE STREAMING / ROYAL STOCKS DOING SO WELL THOUGHT I WOULD SHARE THIS WHICH TO ME LOOKS LIKE A GOOD FLAG WITH STRONG SIGNALS FROM THE BB'S AND ICHIMOKU IT COULD BE READY TO BREAK
ENTRY- Break of the 23.6% Fib (80.063ish) TP1 - (80.645) TP2 - wil be the .75 Fib Fan AUDJPY
Alright, what we have here is a classic long candle and doji pattern inside a bear flag. This pattern indicates that buying power is diminished and a gap down tomorrow could signal a shorting opportunity with stop loss above the flag.
It looks like around mid-March was when $SPY broke through its upward trend in a bearish way, but has since reestablished a new consolidation pattern with a slight upward resistance. I think bad things will happen if it breaks down below 204 for more than 1 day. The "all clear" will probably be if it can break above 208.25 and stay there.
Flag Pattern forming watch for break to the downside for targets at 38.20% 0.78663
Some ideas for EURCAD on the h1 chart for the incoming hours and days.Enjoy and trade safe!
AUDCAD is having some trouble with the bears. Nothing to worry about because being in a trend can give some very profitable opportunities. Like this one if it continues to move downward. We all don't know if it's gonna happen but we can get a high probability out of it. Having a flag pattern or a pendant formation gives you enough information that there's a...
Big Picture: Market is hovering around major resistance and curling down. Index for biotechnology is lagging. The company posted an earnings and reaction of investors was negative. No, it is building nive bear flag and with today's close it was resolved. Trade Management: Entry near $80.70 with respective stop at $82.20 make this trade very attractive from...
$BABA has been grinding up forming higher lows and forming a clear resistance line, i'll be watching for the breakout tomorrow.
As soon as price broke out of the 1,5 month consolidation, the reaction was forceful, catapulting price 165 points upwards in an instant. Since the pullback is really weak compared to the prior bullish impulsive move, creating a bullish flag pattern, I expect a smaller correction. In my opinion it is very likely that we'll see another strong bullish move in the...
$CLF has been forming a flag pattern along with trending above the 20ma. Keep a close eye on this stock tomorrow for the break to the upside
I'll set a "sell stop order" to trade the possible flag breakout to the downside.
looks like we will see some resistance and maybe another drop.
After hitting the monthly low resistance, GBPUSD bounced up again. Double fib retracement to the 0.5 with a double bull wedge before breaking out again. High probability of it breaking out the 1.42000 rs to retest it.