Bearish Trend and head and shoulders pattern forming. Keep an eye on sell signals.
Target 1 : 1.53305
Target 2 : 1.48114
Stop Loss : 1.57203
If both targets are hit we have a profit of 760 pips.
Long term trades only.
The Coppock curve has been broadening in the last few weeks - this could be showing a potential swing trade. Also, the stock has a 50 MA resistance which could be a defining moment if the earnings report is a beat. Furthermore, the stock has not really shown any chart pattern in the last few months, but the volume has been decreasing ever since the stock jumped. ...
USM is now in a broadening wedge pattern. Past volatility has proven profitable, hence my long order is till 50 MA and my short order is till the last low.Also, the volume has decreased showing there maybe a large breakout about to come and the Coppock curve is in a horizontal pattern and has also gone negative so it may rebound and go positive.
TRI has provided a cup and handle pattern - and is currently in a short term flag. The coppock curve has been decreasing with the flag. Long order is till the open of the flag. Short is opening below 25 MA. Also, the volume is decreasing with the flag at a angle of 35 degrees - showing a potential large breakout.
Amazon's total revenue has been increasing quarter on quarter since 2012, this is shown by the stock price rise form that point. But the current trend is a head and shoulders pattern. the stock rose against the head and shoulders pattern which is only natural, could this mean a larger reversal is coming for the stock? I have chosen to hedge this earning report. ...
Amazon's total revenue has been increasing quarter on quarter since 2012, this is shown by the stock price rise form that point. But the current trend is a head and shoulders pattern. the stock rose against the head and shoulders pattern which is only natural, could this mean a larger reversal is coming for the stock? I have chosen to hedge this earning report. ...
SFLY is currently in a flag pattern. The company's total revenue has been gradually increasing over past quarters impressively. Also, since the stock has such large volatility in past earning reports - i expect the same this time. In order to create opportunity for some large returns, I have put a short order in for the previous trading days low, until the 200 MA. ...
The 200 MA is providing resistance and the 50 MA is providing support. This is most likely a flag pattern, and the ADX is about to go green so will most likely be bullish. But, since the earnings report is coming out today, I have chosen to create buy and sell orders.Also, due to past earning reports the volatility is very high so I expect the same to happen.
The Asset has produced a head and shoulders pattern, which has already broken out of the pattern, so I would short but watch out for the jobs report tomorrow as the asset already has hit prior support, so if the jobs report is bullish for the dollar then it would be a short position until the lower Fibonacci level.
Good Morning Traders,
EUR/AUD short term upside trade! I will be buying this pair to the swing high as the pair is still in a bigger correction with potential for a big move to the downside. My target is 1.49042, and I have quite a conservative stop at 1.48087
Good luck and trade with discipline and effective risk management!
Ike
Usd/Jpy Daily - Price under trend line, fib and structured resistance. Good sell opportunity for 500-600 pips. This correlated well with Usd index weakness technically.
Dollar Index Monthly - Structure speaks for itself. Big moves to the downside expected. This correlates well with global indices and Oil they are also indicating a big correction on larger timeframes technically.
On the daily timeframe of AUDCAD, counter trend signal starts to form. On the smaller timeframes of AUDCAD the price has already changed its trend direction: there was a breakdown of “Alligator`s” MA and MA50.
Trade specification:
Sell-Stop: 1.0033
Stop-Loss: 1.0092
Take-Profit: 0.9915
Gold price is giving change trend signals on the hourly chart. The price has crossed the MA50 and indicator Alligator lines and formed a bearish fractal. Breakdown of this level would be an optimal sell level.
Trade specification:
Sell-Stop: 1197.5
Stop-Loss: 1203.7
Take-Profit: 1185.1
