Been monitoring this trade since last week Monday. Saw the support zone for last week overall trend reversal and now letting the pair produce a bullish channel.
It the current candle which opened this evening closes above my line @110.189, this will show that it has broken previous daily tf resistance.
Target Price @111.459
We have an inverted head and shoulder type setup on gbpcad after an bullish impuse. this comes at out first level of resistance turn support so its a decent opportunity espeicially if we break the neckline.
Similar to the idea I posted on the AUDCAD 240. This also looks set to be going short. So two AUD shorts for us next week hopefully.
The trend on this one is shorter lived but could still be a great opportunity to get short. Again I'll be looking for price to pull in to my area of interest and give me a reason to go short.
Entry - Some sort of reversal candle...
We could be looking at a short play early next week on the AUDCAD 240. Still a way off reaching my target area yet, but always good to chart these up and plan for your week ahead.
We've had a few structure lows and are now waiting for a pull back to my area of interest. I'll be looking for reasons to go short in this area with two possibly targets in mind.
Qualcomm is probably the most violent stock on the planet. The resent trip to the moon was a result of the signing of a truce with Apple (APPL). Apple - the giant - had sued Qualcomm for $30 billion in an overcharging dispute. Qualcomm had fired back with a paltry $7 Billion counter-suit for lost payments. They settled their dispute and investors went into a...
Anticipating Ping-Pong between 4Hr support and the Daily established supply zone prior to a drop.
TP 1 at 4Hr Support
TP2 at 0.87 (Last consolidation zone)
TP3 at Daily support
Lets see what happens...
Last post: April 3rd 2019. See chart.
Review: Price had continued to move higher.
Update: Price has broken out again on a gap up suggesting further strength to the upside.
Conclusion: Price is approaching the previous ATH. A break and close above this major resistant will suggest a continuation of the bull trend.
Any comments or questions, do not hesitate...
Currently completing a retest, but I believe there's Momentum to push towards the upside in the 1.618 region on the fib, my first TP will be at the 0.618 point, there may be a possible retest at the 0.618, but could possibly execute to the Golden rule.
FX:NZDUSD Short based off previous structure and potential pullback.
Looking for price to pull back in to my zone drawn. Then after some bearish price action will look to enter next bar short.
Risk would be ATR based, reward at previous structure.
As you cab see from this pair it has made retrace back to the trendline, at the moment price is going down I wont be entering the trade now. I'll be looking for another higher low to form and head back to the trendline. I will be watching the pair and waiting to see this to form if it doesn't then the trade will be not be on.
If it touches the trendline after...