Rising wedge highlighted in purple & potential C point of a Cypher. I would sell at the $1,400 level and not wait for the trend line break. Hopefully it will work its way down to $1,140
After these curves movements we tend to see structural movements at the top. I expect a move down to the support level indicated by the horizontal line.
Selling at 0.74400 which will be point E of the Expanding Wedge and the D point of the ALT Bat. Even if the wave count is one wave off, E would still be D and fall to around 0.71600 before making E and flying right back up. No doubt selling at the 0.74400 level. Please like & follow! Thanks!
We will wait for a little pullback to the 1.40 level and buy from there. This pair is ALL BULLS.
Confluences: 1/ Trend 2/ Last weeks candle high test/shooting star 3/ resistance 0.66 4/ Daily fib bounce 5/ Daily MACD bullish divergence
As you can see, GBP/USD bounced off the uptrend line AND the bollinger band's bottom. I believe that we will test the middle of the bollinger band next week, which is around 1.5650 right now.
Alright everyone this is a pretty crazy post because I am going to try and predict the end of the bearish EUR/USD. USD/CAD is the one that helped me come to this analyzation and the monthly chart on the EUR/USD. As you can see USD/CAD has been at an uptrend since 2013 and finally broke support around 1.23410 level after 11 weeks of consolidation on the weekly...
A very simple and quick analysis of AAPL stock. As usual there is not much reason to be bearish on AAPL (Apple) stock, with the release of its new products and a game changing new watch, there are no major fundamental signs or technical indications of a fall in price. After the usual post announcement pull-back and consolidation that seems to affect Apple, we...
Very simple to play this one, once price hits 1.19230 we are going to short this one until our first take profit is met at 1.18660 & then our second take profit is 1.18040!
RSI divergence in the 4H, and USD index will probably pull back a little over the next few days. Take profit: 108.063 Stop loss: 110.5