TEXTBOOK SETUP. PULLBACK TO THE 38.2 FIB WHICH IS IN LINE WITH STRUCTURE LEVEL. AUD IS STILL FUNDAMENTALLY WEAK, THE CURRENCY NEEDS TO GO LOWER TO SPUR GROWTH SO PAIRING IT AGAINST THE POUND IS A HIGH PROBABILITY TRADE BECAUSE THE POUND IS THE 2ND STRONGEST CURRENCY AFTER THE DOLLAR. WE'VE HAD A TWEEZER BOTTOM AND SUPPORT FOLLOWED BY A HAMMER REJECTING OFF THIS...
YY has recently risen from a double bottom trend reversal pattern. The current bull pullback buy along with the Bullish Thrusting Reversal Pattern makes for a nice setup.
SWEDISH KRONA (SEK) is very weak fundamentally and there's absolutely no reason to be selling this currency which is the reason why we've got this nice on going uptrend against the U.S dollar. Price pulled back to previous resistance turned support. It bounced off this level forming a morning star which is also in confluence with the 50 SMA and a physiological...
NZD GAINING MORE STRENGTH IN THESE LAST COUPLE OF WEEKS WHILE CHF IS COMPLETELY THE OPPOSITE. SNB (SWISS NATIONAL BANK) STATED THAT CHF IS OVERVALUED SO IF CHF DOES SOMEHOW GAIN STRENGTH THEN THE SNB WILL INTERVENE AND SELL THEIR OWN CURRENCY. NZDCHF IS IN A NICE UPTREND MAKE HIGHGER HIGHS AND HIGHER LOWS. WE HAD A RETEST OF THAT SMALL RESISTANCE TURNED SUPPORT...
PRICE AT AN IMPORTANT KEY LEVEL AND JUST BOUNCED OFF THE RESISTANCE TURNED SUPPORT FORMING A DOUBLE BOTTOM. ALSO THIS KEY LEVEL IS IN CONFLUENCE WITH THE 0.5 FIB LEVEL. GBP AVERAGE HOURLY EARNINGS IS EXPECTED TO COME OUT BETTER AT 2.2% AND THE REASON WHY THIS IS IMPORTANT IS BECAUSE THE BOE (BANK OF ENGLAND) SAID THEY'LL BE MONITORING HOURLY EARNINGS DATA. IF...
This is a solid fundamentally strong company. It's technically giving us a Bull Pullback buy chart formation.
See information about Bull Pullback here: www.freeonlinetradingeducation.com
This is a fundamentally very solid company that has given us a nice bull pullback.
See what a Bull Pullback is here: www.freeonlinetradingeducation.com
MD Mednax is significantly strong fundamentally hitting all of our metrics. This is a nice breakout pattern; now waiting on a decent pullback that delivers a great reward to risk ratio. that is technically bullish.
This stock is a buy if it breaks out past the $00.0 level.
Hope it helps,
Des
CERN is significantly strong fundamentally hitting all of our metrics. This is a great Bull Pullback pattern that is technically bullish. The retracement is above the 50% Fibonacci level.
This stock is a buy if it breaks out past the $67.31 level.
Hope it helps,
Des
