I've opened a buy on gbpaud, price has entered the buy zone and given a price action signal. Will continue to have a bullish outlook unless price falls below the blue line. TP levels positioned at swing high levels.
Prices have entered this bearish pattern form emerge. Hopefully it should the go down around the 0.94 area and spike back up to Take Profit.
Pretty simple setups, if you want, you can go sell short and wait for it to spike up and buy or go through the traditional route which is to wait and buy at supposed spike.
If support holds we may see bullish price action towards upside target 1- then then target 2
However if we get a break of the ascending trendline we could see bearish price action towards downside target one
Last week we saw strong bullish price action on cable
Price is approaching key resistance level, possible pullbacks then continuation of bullish price action, maybe new highs?t
Will update as the week goes on
Today I am using STEEMETH to illustrate a potential long investing opportunity.
We have multiple areas of resistance that I believe will be broken in due course.
You can find me on Steemit as pipalchemy :)
Enjoy the show!
This copper mining company has been in a bullish long-term uptrend since last year until it topped in February 2017 and started to go rather downwards. This medium-term downtrend was broken now keeping a track of short-term uptrend again.
Money flow measuring volume has entered buying territory and MACD entered positive half where MA line is nicely diverging from...
The analysis shows off that the long term bear trend of USDJPY may have come to an end on this bottom and the reversal time is now triggering.
We may have finished the first wave impulse of this new bullish trend. So we are now retracing to find point 'b'.
This subwave is in-trend and can be bought with low risk. Of course as we're consolidating... wave 'b' can...
The long triangular consolidation in gold may be coming to an end, all patterns end eventually. The inflection zone sits just above the trendline marking the bottom of the triangle which means I will wait for a clear signal before opening the trade. The Fed will clearly have an impact on this trade and i will not take it close to a fomc or an NFP, caution is the...
This trade is based around the major support level at 1214. Simply, if the level holds we can expect price to have major bullish support on the long term. If the resistance level breaks, we can see major bearish levels coming in. I will publish a Short trade opportunity linked to this one if the key level breaks.
We can place an order to buy at 1220 (or just...
bat completion at D leg.
(its just finished a gartley short on the 15min but i cant get involved in it because my rules state that the C leg cannot touch the 88.6% however i am testing to see how it performs if it touches the 88.6% but does not close below it)
Long AUDCAD: Aussie Dollar is looking strong everywhere even against its highly correlated cousins the Kiwi and the Loonie. With AUDNZD already being risk free and half profit booked we can consider this opportunity, the measured target comes in just below the trend line, no doubt a trap for many technical traders. An incomplete bullish sequence means I am only...
Price expecting to go long and break the strong resistance level formed post brexit referendum. Technical analysis pointing towards long:
- Second wave of elliot wave complete looking for 3rd impulse wave.
-AB complete expecting the CD extension
- Divergence on both the stochastic and RSI indicators, indicating a strong buy signal
We also have a much higher...