Burford Capital is showing signs of potentially breaking out after bouncing off the support level which I mentioned in this post. This is what we want to see after price breaks out of consolidation, a retest of the consolidation zone then a bounce off that zone, then a move in the direction of the main trend. We now just need to confirm a bullish trend may...
Fairfx Group Recently broke its previous all-time high which was at £0.88. After a major area is broken we can expect price to retest that level before advancing which has happened with this stock. The retest of the support/resistance area gave price some strength to the upside but then found it difficult to break through the psychological round number...
Fever Tree Drinks is still in an overall uptrend on the monthly and weekly timeframes. On the daily chart price is above both the 50 and 200 simple moving averages. As we know the 50 sma is normally used as support in an uptrend and that seems to be the case with this stock. At the moment price is reacting to the 50 sma and has bounced off that area. If the...
3IN was in a period of consolidation that began in July 2016. After price broke out of that consolidation zone it used the resistance as support and now looks set to tackle the next area of resistance. The resistance level we need price to break is at £2.15 and if it does get through then we may see a trend form like the trend we saw from 2014 to 2016. Price is...
Coca Cola is a household name and a company many investors may be interested in trading and it is potentially on the verge of breaking out. On the weekly chart we can see that price has bounced off the 50 simple moving average where it found support. The sellers were unable to gain control and the buyers forced price to head even higher. The 200 simple moving...
Collect pips from Elliot wave Step 4 > Expanding MA wave > H4 HH+ HL TP - Take profit at last turn around level ^ Entry above reversal bar ^ SL - Stop loss a number of pips under reversal bar
The FTSE 100 has been bearish for a few months. Price at the moment is below the 50 and 200 simple moving averages. Price did not look like slowing down but today it has bounced off a strong support level at £68.75 from May 2013. Since we are below both moving averages, this bounce does not mean much just yet. For price to become bullish again then we need a...
Burford Capital is still hovering around the support level which I mentioned in this previous post. It is normal for price to retest the consolidation zone but it is unclear for now whether price will return back to consolidation or bounce off that zone before moving higher. The time in which this may happen is not certain right now but what is certain is that...
The UK FTSE 100 appears to be bearish but on closer inspection of the weekly chart, it shows us that the bigger trend is still bullish. Price is at a strong support area which could hold strong and send price back on its way up. We can not predict the next move but we can be ready for the possible outcomes and take advantage of it. If price starts to head back...
Burford Capital is retesting support which is the top of the previous consolidation zone. As price was in consolidation for such a long time it would be wise to only take a trade once we have a breakout. Overall the Monthly, Weekly and Daily timeframes are bullish so there is no need to force an early entry, we just need to sit back and be patient and the...
The GBPCAD is starting to look interesting but needs to clear a key resistance cluster if we are to place long trades. As explained in previous posts such on the EURUSD, we look for a certain criteria to be met across the monthly, weekly and daily timeframes that defines our edge before placing trades. Having and being able to define your edge is essential to...
Howdy Yall! This is another domestic equity I've got listed in the Waste Management industry "Waste Bin" basket I'm creating. This is the first of equity I have found which is currently in a "Buy" status!! Awesome!! We will take a closer look at these stocks in a longer write-up very soon! I'm excited!
The final pair that I discussed in today's video came on the NZDUSD. This setup is still very early in the process, but if we get a higher close on the day, then it looks like we have a good opportunity to continue about 100pips higher offering a pretty decent trading opportunity for you trend traders out there. Akil
Here's a look at one of the trades that we're going to look at in tonight's Syndicate video (just emailed out!) on the EURUSD and a great example of putting our I.P.D.E. thought process to work. Price has just broken above previous structure resistance, giving us the indication that we're likely to see a continuation higher. The buying opportunity would come on a...
Syndicate members there will be a video uploaded breaking down this trade shortly (I have to re-produce it), But what I'm looking for on the EURGBP is a Bullish trend continuation trade opportunity. The Red & Green boxes represent levels of structure in the market with Red being resistance & Green being Support. As you can see originally resistance held, but once...
Multiple confluences such as; Higher low not being projected, Lower high being projected, the weekly timeframe bearish candle has engulfed the last bullish and almost the previous one before that, weekly price action has bounced and retested off the 618% FIB possibly stating that the previous uptrend has reached its exaustion point.
Two things caught my attention on the $EURUSD this morning. The potential for a bearish trend continuation trade, along with the potential for an Advanced Gartley Formation. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl ...
Here is simple trend continuation analysis on GBPCAD. Dependent on P.A. at the trend line we could look for a valid entry point and candlestick formation. If however, P.A. breaks above the descending trend line price could rally all the way up to 1.8550. Either way there is a lot of pips here to bag. Targets are bases on simple fibonacci levels and trend...