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...
INCY isn't quite there yet - as a good linear trending stock. The daily 50ma is beginning to look like it may be offering consistent support but it is early days. There was congestion around the $50 and daily 200ma zone for several months in the middle of 2014 - which was some way off the February 2014 high of just above $70. Towards the end of last year price...
#NZDUSD Long Idea 1. 200 SMA in zone 2. Break above the previous structure 3. Retest expected 4. 0.786 confluence with 200 SMA
While I love the products AAPL isn't a stock I like to trade - the pullbacks can be too deep (as I have mentioned on previous posts regarding Apple). So saying, the latest pullback hasn't been too bad and I may consider a position on this if price swiftly breaks above $133.60 (the recent pivot high). The recent countermove has stayed above the 2014 pivot high and...
#GBPAUD Long Idea (Structure retest, FIB retracement) 1. retest of previous structure 2. 50 SMA is near the target and is lagging behind. It must attract the price to itself 3. The zone is higher time frame (4h) support zone 4. Bullish divergence is present 5. Previous huge wick in the zone show high demand there 6. Price is oversold on higher time frame
@TradeYodha (TradeYodha.com) #EURNZD 4H Short Zone 1. Check out wicks and spikes indicating high supply in these zones 2. this zone confluences with major fib levels 3. they also confluence with round number 1.50000 4. Possible Bat pattern setting up too in that first zone Hope this give you some useful ideas, don't forget to hit the like button :)...
@TradeYodha TradeYodha.com #EURUSD 30min Short (2 Possible Zones) 1. Check out wicks and spikes indicating high supply in these zones 2. these zones confluence with major fib levels 3. they also confluence with round numbers 1.11000 and 1.09600 4. RSI divergence showing up for possible upside now but overall it is still a SHORT 5. Possible Bat pattern setting up...
As expected the bears tested all of the fib extensions of the butterfly. I also expected the bulls would start to kick in at the predefined zone of 1.9383 - 1.9363. Price even pinched lower to 1.9293 to trigger the bat entries. Unfortunately I didn't see the bullish bat, but that price alignment really gave the bulls a good risk:reward ratio. Now I'm both long...
HRL has struggled to comfortably clear the $50 half figure zone. It is not a great trending stock - it has been a little erratic in the past, despite its overall uptrend since the low of 2000. The November 2014 to February 2015 consolidation tested $50 time and again - even though this zone had already been retested through August - October 2014. More recently...
A small trade possibility. Market pretended to breakout here on very weak volume at strong resistance. and will probably retest the last higher low and may go lower.
GBPAUD has been a pair that we've been tracking for about a month now. For the past w\few weeks we've been waiting for the ascending triangle breakout and now that it's occurred the next chance to get long would be a retest of structure. As the market has wiggled it's way down, we've set up a potential bullish Gartley pattern that can be used to take advantage...
HII has relatively little data but so far the trend has been good. Most of 2014 was spent in consolidation (a cup and handle on the weekly chart) but since then the trend has become well established again. On the daily chart the pivot high was broken several times with fake breakouts but by early 2015 a solid retest had occurred. Since then there have been...
KR is a stock I have been trading for some time - but it still offers a great opportunity if entering for the first time now. KR first came on to my radar in 2013 as it had begun to trend well. But we needed price to take out the 1999 high ($34.91) which it did in about July 2013. After the retest it looked safe to enter but unfortunately there was a second, deep...
Oil is hanging on a box in h4 chart. This time it has been bounced from bottom and might retest the topper.We can see some good resistances between the box.We have seen the breaking of 200 EMA already between the box.We expecting it will test the topper of the box and most probably it might break the topper with the resistance.If successfully break the topper of...
*Here's The Link To The Video Explanation of This Trade www.youtube.com Rather than write out a lengthy explanation for this trade, I decided to include a video break down in my Weekend Review video which will be out on YouTube tonight. The video typically takes a good amount of time to produce and upload so I decided to share this chart before it's completion....
Very bullish on this pair. possible break retest continuation pattern. Price broke out of strong resistance and it can now retest the same level which is now acting as a nice support. the fundamentals line up with the technicals aswell because the GBP Is very strong at the moment. Gov Carney speakes tomorrow and i expect him to be hawkish and BOE inflation report...
I last looked at TSO in November 2014. At the time I concluded that the trend was up but it hadn't performed consistently enough to warrant a long-term buy. I still stand by that analysis. Price is continuing to move up but the pullbacks are too deep - retracing back to the 200ma on the daily chart. It is using areas of support and resistance well but for a more...
textbook break retest continuation pattern. Target at swing high