Price @ .5 fib level of down AB Swing Testing 3 strong resistance around 1.4626/ also resistance level of the Ascending Triangle Price tried to break up the down trend line twice, but retrace back below Testing last bearish engulfing CFL and Spinning Top 5 Days ago there was a Bearish Shooting Star
Sell FX:AUDUSD after break out blew Symmetrical Triangle Consolidation for last 7 days, which created a perfect symmetrical triangle. So, price could break out above the desceneding trendline or break below the ascending trendline. Because market sentiment if Bullish for USD; I will sell if price breaks below ascending trendline Daily Last Candle closed inside...
FX:CADCHF The price has come back to the former resistance levels and demonstrated some hesitation by producing double spinning tops. Combining that with stochastic and RSI being in the overbought, I say it is a good time to sell it.
We have closed with a spinning top on the daily today, so will possibly be looking to short this pair. SL: 194.5 TP: 191.5 TP HIT! Profit of 200pips.
Slightly leaning towards a Bullish move here however lets break this chart down ive got some setups for both a long and short.... Monthly MA's bearish Inner + medium TL broken Doji (March) Off of support + TL (3rd touch) Spinning Top (April) Rejected 0.70000 Next major resistance at 0.77000 Weekly Double Bottom Bullish...
JLL yesterday gapped up on higher volume and a good earnings report. But it hasn't yet comfortably cleared the recent pivot high of 2nd April. I last looked at JLL 5 months ago in November 2014. The analysis suggested price would be heading higher - which it has done. But some of the pullbacks have been a little deeper than a trend trader would have liked -...
FTNT only has data going back to 2009 and has been in consolidation for the majority of that time. However, it has a good volume of stock traded on a daily basis and is nicely priced at below $50 (making it cheaper to trade than more expensive stocks). Since breaking out above the 2012 pivot high ($28.82) in December 2014 price did retrace to retest this zone...
MNK is not a stock I would normally consider as it only has data going back 18 months or so. However, it has been trending up that whole time and, since passing the $100 figure, has begun to trend well. Prior to breaking above $100 the pullbacks were quite deep - frequently breaching the daily 50ma. But as price approached, and tested, this zone the 50ma began to...