Copper is at an interesting area right now, i am not trading it but like you can see on the chart there are some nice confluence of bullish patterns, divergence and support that can push it higher for the upcoming weeks.
Another shorting idea on a daily timeframe on USDTRY pair.
Hello Traders, Here we have a VALID BULLISH CRAB PATTERN on FX:GBPNZD , that is coming close to the completion point. Notice that this pattern's completion point is right at PREVIOUS STRUCTURE SUPPORT ZONE , thus giving giving us extra bit of confidence in trading this pattern. Another main thing to keep in mind is that, the market has already reached the ...
Hello Traders, After a successful 2618 short trade setup, we have gotten a VALID BULLISH GARTLEY PATTERN on FX:NZDJPY with a great RISK : REWARD ratio. Always remember to look for 3 important things BEFORE placing any trade, where's your entry, your exit if you are wrong, and your targets if your right. We know we are entering long @ 81.164 based on the...
Building a case for entry is the name of the game and this is looking like a great opportunity to get long on the pound against the Euro. At the nice round number of 13900 we have a simple ABCD completion which also happens to coincide with the C-D leg of a deep Gartley pattern completion.
IM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000)....
Divergence + BRN + waiting for reversal PA to get some mumentum and confirm upcoming down trend for a SHORT. Keep eye on FTA on previous swing high and target on major support at 1,866 Currencies strenght cross-analyze : AUDNZD double bottom forming shows strengh from AUD confirming our scenario on this one Cheers
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....
Going long on the Australian dollar, as it touches base with 2-month support level and S1 pivot point, not to mention the round number (0.97). I'll be exiting 60% at 0.97250 (Friday's S1 pivot point), 20% at today's high and midp-pivot point as well (0.9770) and keep the rest, in case the pair trades inside the monthly range (0.97 - 0.9950). I'm using a tight...