Watch for a break with confirming indicators
We have a nice long setup developing on GBPAUD
If it breaks the correction, wait for a consolidation and then buy
This is looking interesting. Not much to say: RSI divergences developing, with the stock down 45% since March. The selloff seems fairly exhaused. Nice risk reward, if you put a stop at 4.79 and target at 5.27
CMG is back after finding a very good floor at 385. Stock is clearing a base and also taking out the 50day moving average. Upside into 444 seen.
2,95-2,90 long zone 2,8950 SL --> 3,20 --> 3,50 TP
PROS - Low test candle formation. - Rejection of both horizontal support and a downward sloping trendline. - Price sat between 0.5 & 0.618 Fib retracement. - Bullish MACD Divergence - Oversold on Stoch RSI CONS - Trading against the trend. - Trading towards key EMA's. Thoughts on this position?
1. Look for price to go down to the 2nd support level of .5. 2. Price may retrace 2 times at .5 & .382 before the big breakout "Long" 3. Regardless the price will break through the channel by 5/30/2016 4. The Uptrend will start once this happens. 5. If the price does this look to enter between 1.30028-1.29700 on a"Long" 6. Profit Target is between (A)1.31439-(B)1.31266
HES Daily Chart has an RSI hovering around the 60-support level. HES Intraday chart, look for bullish price action with Kumo Breakouts for entry (1 min, 5 min, 15 min)
AUD/USD more upside in the coming months/weeks ? we have seen many higher lows since October witch is favoring more longs. First upside target is 0.73746 witch is crucial resistance for this pair, if we see a breakout 0.7600 is my next target witch is confluent with FIB.
The Yen pairs have been so good to me this week, so far i've booked in 134 pips on NZDJPY(Bullish Cypher) and USDJPY (Bullish Gartley) (Still waiting for second target) and now we have another bullish cypher set-up on CADJPY. This is not a big trade in terms of the amount of pips i stand to gain/lose (35/22) but still, it is a trading opportunity according to my...
GBPNZD is about to break above the clear downtrend resistance. CCI falling back into the channel. Fundamentals in line with price as China miss in imports likely to affect NZ exports.