VIDEO: www.youtube.com Hello and good morning traders. It's a beautiful Friday and a perfect day to take a look at the pairs together. Potential bat pattern in play on the EUR/AUD 4 hour chart. The trades I'm going through in the video also explain some of the thought process behind the trades. Let's trade! Star Prosper Philip Stewart
VIDEO: www.youtube.com Video above explaining the harmonic patterns that are on the radar for next week. Star Prosper Philip Stewart
Traders, I'm looking at the EUR/CAD on the 15 minute time frame. There are some options presented to us here by using the IF = THEN syntax. IF - Market goes beyond the PRZ THEN - Look for a potential bearish bat pattern Completion on the D leg will be at the 886% retracement. One thing we have to look for here, is the PRZ Fib Extension with previous structure...
Hello traders, I'm looking at the AUD/CAD on the 4 hour chart and while we're waiting for our potential cypher pattern to play out, I've put on a structure trade going long up into previous support / new resistance. Just looking for a simple quick pop in the market for a potential target for some great pips from this market. Keep it up and keep a look out for...
THE IDEA AKRX is testing levels last touched in February. The potential to break higher exists if the market overall also continues higher from where it is trading today. THE TRIGGER If AKRX is able to trade above 52.78 with above average volume the day it does this could be good confirmation of buying pressure and a trigger to get long. The idea is to hold...
Traders, after doing the bearish cypher trade and hitting TP1 and TP2, we are setting up for a potential bullish bat pattern, completing at the 886% I have suggested stops and targets for anyone adding this trade to their radar. Plan your trade and trade your plan. Star Prosper Philip Stewart
ALL CURRENCY PAIRS IN WHICH THE USD IS THE DENOMINATOR HAVE BEEN FOLLOWING A SIMILAR ARC SHAPE SINCE THE 2009 RECESSION. AS WE CAN SEE HERE, JPYUSD, CADUSD HAVE REACHED THEIR PREVIOUS SUPPORT AREAS. ONE CURRENCY PAIR THAT HASNT REACHED ITS PREVIOUS LOW IS THE AUDUSD. ALL MARKETS WORK TOGETHER, THEREFORE I BELIEVE THIS PAIR IS LAGGING COMPARED TO IS RELATIVES....
This stock has been in a downtrend since October 2013. It hit bottom in December 2014 with a double bottom price action signal as well as MASSIVE MACD divergence. Once this stock crosses the daily 50 EMA we can see MASSIVE upside potential. Look to take profit (of trail stop loss) to the previous support level of $6.20. ** Note: this is just my view with the...
ADEP, or Adept Technology, is a robotics company focusing on industrial automation, as well as software and vision guidance. Recently caught in a downtrend, ADEP seems to be making a reverse head and shoulder pattern, which could be confirmed within the next week. On the 15 min chart, there is also a cup and handle forming which if confirmed, could trigger a...
Simple perspective setup made of structure resistance zones, and Fibonacci levels.
Looking for TSX:TKM to find a bottom within the current range. Nice gains possible if it happens.
Monthly chart, must have patience, but pays dividend while waiting for good R:R to pay off.
As pointed out by JXMFinancial, MTZ recently bounced off on a nice volume. I have expanded the idea provided with some more observations that made me take a bullish stance on the stock: - There is a long term uptrend and the price neatly bounced off the low of it. But wait, there's more - Technicals are all on the lows, *MACD in a nice setup to turn up for...
There is an interesting lock the stock is in now. It is in-between several key lines and the following days could tell the short-term future of the stock. for now it has been keeping itself on top of 2.50 as it is a key level. Several points lead to a higher position from here. - Major point: DMI, MACD, RSI, Stoch and Acc/Dist show potential up side from these...