Bullish momentum. Prices are about to cross up the downtrend. If prices hold KS tonight I would buy the pair for a 2-figure movement - Target will be the top of KUMO at around 78.500. Stop can be placed on Tenkan Sen at around 75.00 Good luck
so what do we see here? according to price action we see a nice bullish preceding trend thats gets stucked in a daily resistance area, and shows me an indecision candle ( also called dodji ) on a 8hr chart. Also we can see recent lower high, which is usually a good signal for taking a short. Taking this trade when price goes below the low of the indecision...
Running Alpha Capital Markets Intelligence re-iterates its warning posted on Jan 11th, 2016 to Global Investors of an Imminent and Persistent Crash, specifically for Euro STOXX 50 Equity Index ( Symbol FEZ ) . The benchmark European index, the Euro STOXX 50 should easily retest the crash lows of 2009; USA equity markets do not have a crash signal, but will...
Not the greatest setup but one to start the week with great risk reward :) reasons for 1.Price has come back up to previous support trend line and has shown imediate affect pushing price down 2.price created a bearish engulfing 3.Looks like price just made a correction and now is ready for a big drop also remember the trend is your friend :)
Consolidation often breeds harmonic patterns & that's exactly what we're seeing here on the EURJPY hourly chart. Now we're still holding a partial position on yesterday's bullish bat pattern and if price action were to push up to our second targets that would give us the opportunity to put in an SAR and get involved in the bearish one that looks to be forming as...
If you´ve been following me the euro have been very good to us this past weeks with 3 winning trades and 1 loss. For monday i´ve got a Bullish Cypher pattern if price heads south to but it up at strong Support. If price heads north we are gonna sell it at the blue Bat pattern at a lesser, but still good reistance area, but compared to the Cypher this pattern got...
Everyone waiting for NFP? Yes USDJPY now forming 3 drive pattern, likely will fall down to nearest support at round number 119.400 something. But we need to be very careful making decision here because this pair currently will bounce a bit high before drop down with NFP (bad data forecast). Maybe there will be some spike to the 120.500 level to test the...