Taking a step back from the intraday/intraweek stuff here and looking at a longer term position idea on the GBPJPY. If we close out this weekly candle below the trendline then I would be looking for this pair to continue on a bearish move towards the potential target area on the chart between the 50% & 61.8% fib levels. Righ where we intersect with a monthly ...
Currently we are awaiting a confirmation to open a Long position on USDJPY
Price seems to be moving away from strong support at around 105.27 which it has bounced of earlier on this month
In March price was down to 4 months lowest.
Expected target at 110.20
Stop loss at 105.25
* green and red arrows indicating general direction not time frame
WTICOUSD 2 wave rise. The first wave of ascension starts now. The target's wavelength is 66 usd. From this level, I expect a correction to reach 63.3 usd. Then a second-wave structure of almost the same size. For this purpose, we can have a level of USD 68.3 usd.
Weekly
8 period moving average has crossed above the 16 period moving average. Referring to a monthly chart this could be the dip in order for the long term up trend for this pair to continue.
Daily
Looking at the daily chart, a head and shoulders pattern has formed. The resulting neckline can be drawn in two ways:
1. Horizontal at 0.91 - in line with the left ...
There have been many disputes over the first 1 Trillion-dollar company. Many say it is Google or Amazon - on the other hand, I say APPLE. The market capitalisation is calculated by (share price X shares outstanding). Currently, APPLE's shares outstanding is 5.09B, so in order for the company to get to 1 trillion dollars, the price would need to reach $196.50. ...
With time, and observation comes understanding.
A day of Elliot Waves and cup and handles led me to believe I could time this right. And wow did I surprise myself.
I have never drawn on a chart, I have never done anything other than observe and trade, I see other peoples charts (Credit to Thomas, AlanMasters and Haejin) and if I don't understand something I ...
Price is now at a monthly level. I usually take this to mean a strong reversal is imminent. Reactions from monthly levels can be traded intra day for short term gains or even held for a few days. Price is at a sweet spot between the 61.8 and 78.6 fib levels and the bearish market structure has been broken significantly. Looking to enter about now and target the ...
WTICOUSD rising wave motion. Currently, a flat ATR axle takes place, so I expect a recurrence wave to 57.16 usd. From this level of adjustment, a more steep rise can begin. For which purpose it is around 63.39 usd level. The second wave rises with a higher slope and velocity.
ChfJpy Daily chart - I see price trading in a bullish wedge/flag consolidation pattern on daily chart but the main trend is bullish so I am anticipating a break out and a bullish impulsive move on this pair over the coming weeks.
After a long range on the 4HR timeframe Price finnaly broke and looking for a bullish move on this pair.
First Target of this pair = 157.98
Risk no more than 2% of account size
NOG is a "bitcoin of shares" with an extraordinary growth potential, the exchange rate started, with a 70% profit in 3 weeks, and its starting daily ATR of 0.13 usd did not get that low value for a while. you need to increase it now, so you have to make a correction at this time.In the correction of the correction, you have increased the average movement to 0.35 ...
We are approaching a big area of resistance and a nice shorting opportunity could come into play if we get a candle confirmation! Trading doesn't have to be difficult just look left and see where price has previously respected... you can see my TP 1 which offers nearly a 2-1 and a TP two with a trailing stop could see you a 4-1 RR...
Steady zone lies above if price keeps moving up from where it is currently. Swing high fractal is slap bang in the middle of the 50/61.8% retracement zone. Something is bound to happen here, hopefully it'll meet my rules of engagement.
Exepcting price to oscillate within this red band before ultimately breaking upwards.
STOP loss currently at 111.400
TAKE profit at 114.500
LONG entry price was at 112.539 last week.
Holding this for the long term.
