Down trend on $GBPUSD is not complete yet we have a gap at 1.53 - 1.5325 zone and also we have two fibonacci levels in the same zone this could be a Potential Reversal Zone for $GBPUSD
Fibo levels are tight between 1.5320 - 1.5330 we have a gap there also we could expect a reversal from that level after that we are going for 1.5000 break out again.
Sunday gap presented itself. I take a Sunday gap trade that if it gaps 80 or more pips I buy or short for 30 pips or 80% of the gap close. This trade was in line with that plan, taken at 33 and shorted at 63 for quick 1% or 30 pips. 20 pips was used for the stop. Moved to California to time from now on will be CA time, sorry!
KEG gapped up after a wedge pattern. We have another triangle forming which bounced off the 13ema (yellow arrow). Profit target is 2.00, stop loss should be at 1.49.
I'd wait for a close above 200.5$ to confirm possible reversal. 118 is the important level in $USDJPY that may support the reversal
Daily Currency Strength pre-Asian Opening: AUD -6, CAD +4, CHF +1, EUR -1, GBP +4, NZD -3, USD +7, JPY -6. GBP/AUD: If market gaps down at market opening, we are going to buy in to the gap, since GPB is strong (+4) and AUD is weak (-6). If market gaps up, we want to leave this pair alone. ***The last this we want to be doing is selling a strong currency against a...
Are you a $JCP bear? Or are you a $JCP bull? No matter which side you one, you must pay attention to the 7$ support zone! It's either going to be a massive sell off or an extreme bullish move. You can either choose your side or wait for confirmation, either way, make sure you keep track of this zone. Want more trading ideas? Subscribe to the Market Zone's...
May have chased this one a bit. Scaled into the position here. Target = Swing Highs.
This is a great opportunity to buy on a pullback to bounce or breakout. Use tight stop or good risk management as a new company but fundamentals looking good and IPOS can lead to big gains...
$TSLA has a lot of resistance at the current levels. However, if Tesla can reclaim the 50 day, it is a sign of strength, and could lead it to the next high of ~$320. A reclaim of the 50 day means: Gap is almost filled, $245 resistance broken, regression channel broken, and of course the 50 day is broken, leaving only $265 resistance, which isn't as strong.
UAL has not been in the best of trends although it has been heading up since the 2009 low. The monthly ranges can be large, which makes it difficult to trade. September 2014 saw price fakeout above the 2007 high so another deep pullback was not unexpected. More recently, however, price again broke above the resistance and this time has stayed above. There was a...
When looking at the weekly chart of MMC the uptrend looks very linear. Since trading above the 200ma price only once returned to retest it in October 2011. Since then it has only broken the 50ma twice - more recently with the low of the flag in October 2014. The figure $50 acted as a reasonable support - there was a small fake-out below this and the 200ma on the...
There's not much data on ARCP so a full history cannot be determined. But so far $10 has provided the main support zone for price. Price gapped down but closed just above $10 on 29th October, which was the first opportunity to short this stock. It gapped down again on 3rd November, again on higher volume to the previous day. Although the bar closed higher than...
Nice O'nielISH pattern. Technical&Fundamental strenght = 13% price target from Preakout w/perfect entry point.
Perfect LREP. If gap is violated we close position with little loss
A few days ago AMGN was on our Gap and Go watchlist. It is now time to manage this trade and lock in profit.
Crossed Above 200DMA+restested+bullish gap w/big volume. LOW RISK ENTRY POINT.
NICE FUNADAMENTAL & TECHNICAL ENTRY POINT