AUDCAD recently broke above a descending trend line and has touched a resistance & came back down to touch the trend line from the other side.
What we would like to see is a retest of the trend line/.382 fib retracement/support zone that price is near to find long entries.
Stop loss would be placed below the trend line with profit targets listed on the...
GBJPY put series of higher lows indicating potential bullish trend.
Weekly Time Frame confirms the possibility of decent uptrend.
Entry is based on 4-hour time frame, yes, little bit late.
Also second high is not higher than the previous one.
Risk/Reward ratio is quite decent although I do not expect to rally fully to the top.
Important is to keep in mind that the...
Long Trend Continuation Set-Up based on 0.618 Fib Retracement.
After series of higher highes and higher lowes another move up could occure.
Stop Loss relatively tighter because of potential trend exhaustion.
Take Profit according to the nearest structure levels.
Still quite decent 1.3 Risk Reward Ratio.
In the next few months the price of Dollar Tree DLTR stocks could rise by about 9% following the Bulkowski's "Big W" pattern.
Target is around 94.
Stop at 74.
Let me know what you think in the comments. Hit like to share this with more people.
Following a double bottom pattern maybe BCE has finally found a bottom, if the bull move continues we are looking at a target of 43 with a volatility stop around 39.20.
Maybe just wait for the price to keep increasing to make sure this is not in fact a double top, in which case the movement could be bearish. I am siding on bullish though because of the direction...
Over the next few months the price of BAM could rally following the confirmation of a pipe bottom pattern. I'm watching for a breakout above about 42 (top of the red candle wick).
Best of luck with your trading. Like the idea if you agree, and let me know what you think in the comments.
DOC has produced a flag pattern. The 10 and 20 MA are providing resistance. The coppock curve has already gone negative. If the stock breaks the 10 and 20 MA I would buy till resistance (top black line). If the stock forms a candle downwards outside the flag pattern I would short till resistance, but if the coppock curve goes below the lowest black line then I...