Good Morning Traders, The trend line on the NZD/USD has been broken. I'm simply waiting for a retest of the trend line for a potential buy position. The RSI is currently oversold, therefore a pullback should give the RSI some room for movement. I'll keep you all updated on this position! Many thanks and good luck, Ike
base on chanel of trend line ,break out and throwback fibonacci level and reversal pattern
Hey Traders, Good morning, hope your week is started off amazing just as mine has. There isn't much on my radar this morning except for some pattern formations. Today on EURCAD we have a Bat formation coming back down to previous support. If you ask me truthfully, I think that if price comes back down, it might be coming down to break that level of support....
Note: Now, GBP/USD is at the history low since 1994. There is significant strong buying zone at 1.20300 level. And the current USD strength is weaken. Recently, there is a bullish pin bar to support the potential bullish movement as well. We decided to long. EP: 1.22057 SL: 1.20302 TP: 1.26834
I can see a bigger wave 2 forming in red and a 3 wave forming in blue. What enforces the move up it is the 61% of retracement of wave 1 in red and 161% of wave 3 in blue. They are exactly in the same price zone . Let's see now Good luck
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Alright guys so from what I'm seeing, there's a support level that just wont break on this Euro / Australian Dolllar pair. What...
The AUDNZD 's downtrend has been broken and a descending channel / flag has now appeared and broken as well. To me that is a perfect setup for a long trade. I expect it to go the top of the downtrend. However, I have put in a few targets along the way.
Hey Traders, Hope your 2017 is off to a great start! Today we have a gartley close to completion and this is a GREAT Risk/Reward gartley because of its deep retracement.This gives us a phenomenal opportunity to get in long and risk very little at the same time. Like always, if you have any questions feel free to comment below !
As we know the gold price in general was artificially discounted is not real, to make it more accessible as an opportunity to buy ( For large international investors ) , it is logical to think the main general perpective indicators of a change in trend will be the mining companies area (gold ), is not clear the when?, bus is clear the : The turbulence it will...
This one is on my watch list. No position yet. Here is the link from Seeking Alpha(nice write up).
No position yet. Refer to chart:) If you have any thoughts about this company, please leave in the comments:)
Triple Bottom and closed the week with a bullish harami confirmed on the weekly chart. Triple bottom on the daily chart as well. Happy New Years!
Technically Speaking Price is coming up on the support zone b/w 3-4. The R/R seems to favor a long position at these levels. A good target would be the 2015 high print around 8.50. Risk For me, I always think about risk, not as volatility, but the probability of a permanent loss of capital. You can never know for sure what the probability is but I think...
Technically speaking A weekly close below the 52 level and the 100 WMA would likely put in play the 200 WMA currently around 44 as the next downside target. Strategy For longs-Buy here around 52.80 with a stop under 50ish. Targeting last years high print around 64. Below 50, more downside is likely.
Disney is coming up upon important support at 90. If one is looking to get long, the R/R from these prices seems attractive. I would look to stop out under the 200 WMA. As an aside, I am reading the book: Walt Disney: The Triumph of the American Imagination by Neal Gabler. Excellent Read Link: www.amazon.com