Gives a very nice long term target as well. (Flag)
Hello Traders, Here we have a potential short trade based on SIMPLE PRICE ACTION with great risk to reward. Based on 4 HR, Daily, and Weekly, market has broken and closed below the previous structure support (HL), which is an early signal of trend change for this pair, at least for the short term. Currently market is coming close the 4 hour potential reversal...
GBPNZD has consolidated in a contracting triangle presenting an opportunity to trade short using Wolfe Wave with a high R/R. Potential target and SL provided on chart.
Hello Traders, We potentially have a LONG opportunity on FX:NGAS based on the 2618 TRADE SETUP . By looking at the current price action, market is clearly in a DOWNTREND . But do notice that the market has placed in a DOUBLE BOTTOM at a VALID TREND LINE (IN PINK) . So analyzing this further we can see that this similar situation occured near the TOP...
We see a strong bullish market that formed a V-formation. In the last hours we formed a small corridor of consolidation with a lot of buying pressure at the bottom edge of the corridor. Candles show that. Because of the overall upwards market trend I believe that we will continue this trend and hit previous highs in a while. Risk Reward Ratio pretty decent with...
With point B we broke the upward trend. Descending triangle formation The red rectangle shows that there's much selling pressure in the market. The Stop-Loss is set a few pips above that level, but relatively high above it, because we saw high volatility lately. There is also a certain probability of a long breakout and the triangle could also be seen as a...
Due to the insecure overall political situation in Europe, plunging chinese stocks and industrial metals, the testing of the upper channel edge and a relatively oversold market , we may see another breakdown at least to previous structure level of at least 10700. Another support zone at around 10600 marked with the thin green line may also indicate a potential...
The pair has broken out its range + channel. Confluences: 1/ Downtrend 2/ Retest of 0.71 ( support turned into resistance ) 3/ Retest of the broken channel 4/ Long legged doji, can also be looked at as a high test
A clear reverse head and shoulders formation in Verifone after a solid earnings beat yesterday. I'm keeping a tight stop loss at 32.66 and looking for the stock to reach the 'neckline' which gives it about 13% upside. The risk/reward ratio is very appealing at approx. 5. There's also a bullish break above the 30 level for the stochastic oscillator. This indicates...