AAPL no longer king? Recession, supply issues could see the stock fill the gap at $96. I also don't see APPL making new highs for the foreseeable future. Could be a kangaroo market going sideways for a while.
Another swing trade for y'all! Thank me later . Last week the Auzzie tried to register a bull trend but failed by Friday.. this week hopefully we'll show a stronger Auzzie and a weaker dollar. This is bas d on the dxy index for the dollar strength
Bitcoin has been in this wedge around 9000 to 9500 ish for a long time but it seems the wedge is starting to get closer to the end.
The RSI looks very good not overbought or oversold but will this lead to a continuation in the zone or is there a breakout coming?
The indicator on TradingView shows it as a "BUY" but am not sure if they are taking in all the...
While we wait for that huge head&shoulder to complete and go short, the right shoulder is giving us another nice signal with the formation of a kangaroo tail. Both the promise of the major pattern completion and the tail gives me enough confidence to open a trade at my standard risk %. This time I'm using channels to calibrate stop loss and take profit. SELL STOP...
Must come down.
The positioning for this market is extremely long. Are there any more buyers? I don't think so. The Australian economy isn't showing any signs warranting this valuation of its currency - a valuation far greater than 0.68 - the PPP.
Start small, build. This is counter-trend so be careful.
USDCAD
SELL STOP @1.32600
SL: 1.33250 (100pips)
TP1: 1.31800 (100pips) set SL to Break Even
TP2: 1.31800 (200pips)
Delete Pending order if current 1h candle don't trigger
Kangaroo tail / Hammer candle (at the time of publishing idea)
- Important support zone
- A lot of room to the left
- Nice candle formation
Only place the order a few minutes before the next candle formation (on daily chart) if the candle still has its form.
