Overall, USDCAD is trending downwards. Recently, USDCAD bounced up from the key level of 1.27.
USDCAD’s next support zone is at 1.25720 and the next resistance zone is at 1.27900.
Look for selling opportunities of USDCAD from above of the rectangle pattern and trend line zone.
OANDA:EURGBP fulfilling two swing highs and lows parameter... If a candle finishes above or below the rectangle then a long position or a short position is due
AMEX:INFU been consolidating for 3 months forming a well defined 3 months rectangle chart pattern. the chart pattern is forming right below ATH at $13.25. Once cleared, the breakout should make a run to price pattern target identified on the chart.
Visa forming 2 months well defined continuation rectangle chart pattern setup. Earnings on deck tomorrow so the breakout might not happen until then. Watch price action after the report and for a close above upper boundary on daily basis for a signal the next leg up is starting.
Keep it Simple!
Bought some FTS on Friday. Interesting setup inside the rectangle pattern. price tested upper boudrey resistance and pull back into 4 support areas conversing. 20 EMA, 200 EMA and small daily gap on July 15th AND short term breakout pullback! Worth a shot. I normally wait for the breakout but this one is interesting to watch how it will play out.
$LULU
Flag and rectangle breakout.
I will place a buy above rectangle box around 326 for a 25 $ move minimum being height of box.
If results are good during this move then flag target possible. Another 50 to 25 $
on the whole a good setup.
Also check out ABT. similar looking chart setup.
Pattern breakout. But i would like the box to cross. Yet a buy could be initiated around 72 as this is a slow beta stock.
Going sideways last few days.
Not much to write as it is considered a boring stock. and not a traders stock.
Gold futures just tagged its rectangle breakout price target. A decisive break through that level will take gold towards testing its all time high which is just few dollars above!
Keep it Simple!
