The price's trapped in this Symmetrical Triangle and retesting for the third time the ascendind trendline. Let's wait for a breakout to execute this trade.
Always keep in mind it is a game of probabilities!!
Confirmation bounces of the support and resistance trendlines strengths... AUDCHF will be looking for a break out point at either side for potential profit taking. ALSO take note of the past high/lows if the market exceeds those points its a positive confirmation that an uptrend has broken and a new down trend could potentially be created, or just preparing for a...
Helpful identification of zones where a buy or sell trade can be taken based on the current range based price action behaviour of EUR/USD.
My trade will likely be short at 1.19 with targets at 1.17.
Here is my idea on silver .
We have a great opportunity for a C leg.
Make sure you have strict stop losses, mine are: SL: 28.5
Here is take profit targets:
TP 2: 24
TP 3: 23
It’s a high probability trade, so I’m taking profits right at the end $23.
We can see a triple bottom on this real estate company and developer. Potential buy opportunity once the descending trend started 04/06 is violated. The company was growing and showing solid fundamentals in pre-covid period, earnings release next week.
Always keep in mind it is a game of probabilities.
Here on the daily chart we can see the price is retesting the ascending channel for the 3rd time after the lows seen in March. The company is also on a solid financial ground and looks promising with a good upward potential. Let's wait for a bounce to go long. Stops around 9.50$
Always keep in mind it is a game of probabilities!
On market open Dow jones was trading around the 18000 level. It seems the coronavirus is really taking its effect. If we can see a drop into the 15000 level where the lows of 2015 are this will have erased 5 years of growth in simply weeks. Crazy movement we are seeing the past few weeks. If anyone is not familiar with dow jones it is an index containing 30 stock...
This is not a perfect head and shoulders - and it is rather unusual to find a perfect pattern. I say what I see:
1. One big H&S on GBPJPY (1D).
2. Price had collapsed south from the base, almost the distance of the head.
3. Price is re-challenging the base at an important structure level.
There is an opportunity here for a controlled affordable loss (alias...