GER30:
During the last months we see a downtrend in this index GER30 and now a possible Pull Back!!
What about Fib retracement. We can see that there is a retracement made back to the 38% and now moving down again.
Technicaly could be our next goal the 127% line as possible profit target.
What is your opinion? - Short on the trendline break?
There was a breakout of the trendline and it looks like it has came back to retest, we could see a possible continuation to the up side now so it would be a good time to long. It is also resting on some support.
Potential Trade on AUDUSD
Break of Trendline and Support Level
Support turns to Resistance with Retest
Fibs Lines up with other Sup/Res Levels
Pending Sell Stop Order at the Low of the Retest
Break of the Low and it Triggers and I'm In
If Low is not Broken.... NO TRADE
Re-Analyze Technicals...
Possible Buy Order if it doesn't Break Low..
Short term sell for the breakout in this Oil. divergent already formed in stoch
If the short fromed Head and Shoulder. Will closed the short trade and perform long position.
Oil has seen its lows, Iran saying it will go along with production freeze could lead to higher oil prices I believe, so SLB is the safest oil play. Would take small stake here and buy larger stake upon breakout of consolidation of prices in 3 to 4 weeks.
USDJPY has completed wave 3 of a potential 5 wave structure. The pair has broken a trendline to complete wave (i) of 5 and is retesting the trendline at the .618 retracement To add resistance, the 200 EMA and SMA lines sit above price and below the SL level. The daily pivot may also add resistance near entry. Entry is placed at 61.8% retracement with SL above...
ZIOP has completed an alternate bat pattern. The pattern completion is confluent with a .886 fib level on a higher TF structure low to structure high. A trendline was broken and retested on 12/22, indication of possible upcoming bullish movement at the PRZ. A second trendline was broken today, which may be an opportunity to catch the breakout toward .382CD. ...
Has clearly broken bearish trendline and is now rocketing up.
Conservative entry would be to waiting for retest of resistance zone which is more clear on the hourly time frame.
False Break At Key Monthly Resistance
Potential Head&Shoulders Pattern Formed On Daily
Break, Retest And Further Drop From Daily TL
Close Below Daily Support (However Price Is Still Hovering Above It On My Trading Platform So Waiting For A More Significant Close
Price Below 20 And 50 MA
Price Has Broken Below Daily Support, Now Awaiting A More Significant...
