dollar index is close to a major trendline .
this trendline matches perfectly with horizontal support.
I believe that we can expect a bullish reaction from the underlined area.
Target levels are:
Another solid Risk to Reward setup here. I cannot stress how important it is to have a good Risk to Reward ratio under pinning all of your trading decisions. I always look for 5:1, 4:1 or at least 3:1 reward for any capital I put at risk. This means that even if im performing badly and placing more losers than winners, I'm likely to at least break even or even...
EURUSD Long from 1.1000, reason for this is because it is the month end and the overall view for November has been bearish. This is a strong psychological level and can go up heavy. There is a huge daily W in this region.
Massive potential upside to this stock. Having done some research into the company. A new CEO is being appointed next year who will help grow and diversify the company.
The company has an extremely healthy financial state. Lots of Assets and a good Return of Equity.
I Peg this at £5 a share plus within 3 years with a target based on discounted cash flows of £8 plus.
As well as hundreds of indicators based on historical data leaning highly bearish, strong possibility of a head and shoulders pattern forming on both the 1D and 4H charts. Printing more money can only work for so long, before a correction is inevitable. Bubble could be about to burst.
usdcad is entering a decent zone of supply.
1.332 - 1.335 is the area where I will be looking for a reversal formation to short the market.
preferably, stop should be above the underline zone.
target levels will be:
EURUSD has retraced from 1.1 support this Thursday
and I believe that bullish tendency will remain at least until 1.108 level.
I have placed an alert on 1.108 and will try to catch a bearish continuation to the support of the range.
Wait for a confirmation on a lower timeframe before entering the trade.
NASDAQ is on its way to retest the market high the third time this year.
103.0 - 106.0 is a decent area of resistance and bets are high that we will see a retracement from it.
Target levels will be 100 and 96
*also note that the previous daily candle was quite strong
for this reason, it is preferable to...
In my view, AUDNZD will be bearish the following days.
The market has recently reached a major trendline and we see a clear rejection + dodji formations.
+ note RSI divergence
I think that the pair will drop at least to 1.07 & 1.06 stucture levels.
Cineworld (CINE) has 10% of disclosed short positions (this has been slowly increasing over the last 6 months).
CINE in brief.
Y/E 2018 - T/O $4.1bn, Operating Profit $493m, Net Profit $273m, Operating Margin 12%.
Debt $7bn - Yes $7bn - with its $3.6bn acquisition of US-based Regal Entertainment, CINE is now the second-largest cinema chain in the world –...
I meant to publish this Friday, but got tied up with other things.
I was originally looking at this share as a long position early last week, it appeared in one of my stock filters for long positions.
Standard Chartered (STAN) is supposed to be the 3rd most shorted stock on the UK index by the big players (one being Steve Eisman from the "Big Short").