I have been shorting this pair for a while now. Since it has been on a downtrend with predictable pullbacks and FIB retracements! A 4hr Candle just closed testing the Bearish Flag that broke out recently from GBP strength. This technical analysis has been respecting a weekly structure and is now on course to test the lower Trend Line of this structure. I am...
failed to break major physiological level at 0.74000 and structure level. Treating this setup as a break retest continuation pattern
We've hit daily support at the breakout zone in a very oversold market. If we see more bear action, it most likely won't be until later. I've outlined important daily support and resistance levels on the chart, and the next stop appears to be a retest of $252 where the market broke to the downside with huge red candles on very little volume compared to the...
My idea is that EURUSD restesting previous high, maybe around R2 resistance and/or fork top blue. *edit: currently (16:34GMT) seems to be a bull trap :)
Put the fib at the real breakout level (cause that's where the rally started then) and you get an OTE at 252. that makes good sense in combination with the price action we are seing now ... long wicks down to the ote (typical ote buying) !
Earnings season can be quite frustrating but with BAH we only have to wait for today's session to close before we can reassess it's worth. The earnings announcement is due before the markets open. This stock hasn't been trading very long, so is not one I would normally consider. Volume is also low so for that reason I will most probably rule it out - for now....
Tried shorting this pair twice yesterday and failed on both attempts. The first short came at the aggressive structure level that we talked about in Monday's training (which occurs around the B leg of the harmonic move I drew out) and the second attempt came at these very same highs. Unfortunately my stop was about 8 pips too shy and the market got me. Fast...
As you can see in the chart, this whole down leg (from mid November) has been a sequence of break support, make lower low, retest breakout level (support turned resistance), break support etc. You can see in the chart where each retest has occurred and we are now at that level again. We are also ~$10 off the 10 November 2013 low. To me this says we should see a...
Price retracing back to the support turned resistance key level. Textbook break retest continuation setup
Silver (XAGUSD) create triangle pattern in 1h time frame. Hope it will break in upper side. We can take entry after breakout and retest. Next Resistance level is 19.00
Silver (XAGUSD) create a triangle. I hope it will break on upper side. Next resistance level is 19.00
Hi traders, As I just showed few minutes about the AUD/USD, I am looking NZD/USD to see a reaction at the line of the channel which has been in play since Setember of last year. Let's see if we can see a top in that area (blue square). Good luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader
Hi Traders, I am looking at aussie today to see if we can get any reaction from the line of the channel which he broke tonigh. IF we can some failures at the line, I might try ti short with a very tight stop loss. Good luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader
HCN reached a high in May 2013 (of $80.07) before a very large correction, later that year, followed by a bullish trend throughout 2014. A few days ago (12th January) price finally broke above $80. Since then volume has also been on the rise - and the bars neutral or bullish. But, as it has taken price 20 months to regain the previous high, I would want to see a...
HAIN had a sticky patch for most of 2014 with a lengthy consolidation lasting from January to September. Since then it has behaved reasonably well with a continuation of the bull trend. There was a larger-than-expected pullback in October which breached the previous pivot high and the $100 figure - but the daily 50ma just about held as support. Now price looks to...
Overall KMX is not a great trending stock but has been in a bullish move for many years. So today I would only look for a near-term buy opportunity even though it has been trending well since breaking above the 2013 high ($53.08). In late October price broke above the 2013 pivot high and this time the move stuck. There was a retest to turn previous resistance...
SEE is a stock which hasn't been on my watchlist before. Earlier this year it broke the 1998 high - having been in a long and deep range since then. It has only been trading above $35 for a couple of months so it is too early to see what type of trend is developing, but so far it looks to be entering a new phase. It is now trading above $40, so has cleared the...
Gap above the line at 42.75 would be a great trade. It could possibly not retrace if it gaps above here. Another scenario would be wait for it to retest and bounce on a 5 min chart. Should be above the EMA's and overcome the most significant previous down candle.