Impulsive move from bottom has now formed a corrective horizontal flag. Looking to buy the bottom of the corrective structure and hold for a measured move of the flag and the lows of the corrective structure that forms the all time highs. E: 187.00 SL: 180.97 TP: 227.45 Soft stop = Daily close below 186.00 NYSE stock also has same structure and clean vol.
March Corn still sees horizontal movement with creep upwards. Thursday is the USDA report for all grains, but the 2016 crop is still impacting this market. If USDA report shows a lowering of future crops, this may help corn. Also Funds may buy this week so support levels around 354'2 off the 3/1 Gann Fan may hold. If prices fall further look for 349 4/1 Gann Fan...
Horizontal movement this stock looks good for swing and position trades. Or as an option trade straddles and strangles. However one interesting aspect is that the OBV is in a trend upward, precluding an long run trend.
Long for Bullish Rectangle or Horizontal Channel.
GOLD was pushed back @ 1141.8 yesterday, I didn't take any trade as the SL is too high when the price broke out. There is an important horizontal resistant level here. Today I will wait for the price testing 1141.8, and then look for breakout signal above 1141.8 only with small SL.
It seems selling has subsided on BITA. Observe the MACD nice and gradulally turning positive, and the volume has subsided on the selling days, and People are slowly acquiring the stock and now it has closed at the highs in the range for the last flat base of 25 trading days - 5 weeks or horizontal moves. It is approaching the 50MA, and this is the 4th leg of the 5...
Shorting this pair at the resistance indicated by the blue line. Looking for a pinbar/doji at the green box for entry. My risk:reward will be a solid 1:2. Moving stoploss to breakeven when a 1:1 is hit. Hold your thumbs!
Shorting CADJPY at the important trendline and horizontal resistance if we get a pinbar/doji confirmation. Risk:reward= 1:2. Good luck guys! :)
Support levels that are decided as relevant from over the last 2 years. Key: Solid = Confirmed Dashed = Intermediary Dotted = Residual
Entry buy signal is confirmed by the stoch indicator.
Price has retraced to the .764 fib, (most recent high) and has remained in a range just below it. Price is currently bouncing off the .618 fib and the RSI has failed to reach the 70. mark, and continues to move lower, creating bearish divergence (see chart) first target is horizontal resistance at .9217 which also coincides with the .5 fib level. A break of...
GBPCAD has turned up from the bottom of a 6 month triangle. Another Spike unfolded today in USDCAD by the way. Support is estimated at 1.8210 in GBPCAD. www.sz-ventures.com
Looking this pair with comparison of USDNOK. USD is at resistance against NOK , EUR is at resistance against USD and against NOK as well, So short EURNOK could be highly fruitful with handsome risk reward ratio. www.sz-ventures.com