Potential bullish H&S pattern in formation on the FX_IDC:GBPUSD , with target in the 1.4238 area. Let's monitor the pattern, for the time being, and then look for an entry in the right shoulder area.
Ok, so we got a stop on the previous potential short on the false break of the daily channel. The FX_IDC:NZDCAD seems to be going all the way up to retest the (very) long term top channel trend line, so there is a potential short entry on a double top. Let's see if daily and weekly close are above monthly resistance. Next resistance is in the double top entry...
A nice short possibility on the FX_IDC:NZDCAD . The pair has broken the trend line and then has consolidated retesting it, so the entry level is right about now. ENTRY LEVEL: 0.926 SL: 0.9271 TARGET: 0.8 R/R: 1/80 (not kidding, but in the long term) Trade with care. I will post bigger picture and Risk reward ration in an update, in a few minutes. Please like if...
This is the 1Hr. chart for FX_IDC:GBPUSD . Let's say that, according to your trading strategy, you were supposed to enter long in the 1.29 area yesterday on the FX_IDC:GBPUSD , but without a clear idea on where to place your Stop Loss. In this case in fact, being a 31 year old low, as we all know, it is more than hard to predict where a bottom would be found,...
Possible evolution of the FX:GBPUSD pair, on the monthly timeframe. GBP will probably consolidate towards the psychological level of 1.300, then it will be possibly bounce. Let's monitor the area and try to find an entry level on smaller timeframes, when the time comes.
This is a really long shot to aim for, but, why not. What if, soon, the United Kingdom (and the rest of the world) realize that Parliament will not pass the bill for Brexit? It could be the perfect pretext for all indexes to break their precedent long term resistances, in other words, FX:UK100 , FX:GER30 , TVC:SPX and NASDAQ:NDAQ will possibly reach new...
Prudence is a must at this time, but potentially a bullish H&S pattern seems to be forming on the UK100 index of listed shares FX:UK100 . Confirmation of the pattern at the break of the neck line, in the 6400 area. Recommendation is to monitor the pattern and to find an entry trade after its confirmation
Arguably one of the most interesting companies in the world, I believe NASDAQ:TSLA will give us a lot of surprises in the future. A jewel company for the long term investor. Long right about now, with 1st target in the 260 area, 2nd target in the 335 area, and 3d target in the $400 area. SL under "C" and in BE after reaching target 1. Long term investment /...
NZDCAD FX_IDC:NZDCAD is currently in an upward channel on the Daily timeframe. On the weekly, the pair has hit a triple high on what seems to be a long term strong resistance, in the 0.96 area. Potentially the pair could either retest the channel in the 0.955 area, or be forming a harmonic structure with target on the 0.8 area.
Time for a major long on TESLA NASDAQ:TSLA . Entry: 199 SL: 187 TARGET : 332 or HOLD
A potential bullish H&S on the SP500 Index INDEX:SPX seems to be forming with a right shoulder in the 2064 area. SUGGESTED ENTRY LEVEL: 2064.5 SL: 2049.4 TARGET: 2120.7 R/R: 1/3.8 trade with care.
If there is one financial instrument between indexes, currencies and commodities that has been really unpredictable that would be gold. Even on those few times that our analyses were right, after several errors, the big players made it very hard for us to trade it because the stop hunts were unprecedentedly nasty. Infact, looking at the monthly timeframe, GOLD ...
Two potential pattern have formed on the SP500 index of listed shares INDEX:SPX , a double bottom, with a target in the 2085.7 area and a bullish H&S pattern, with a target in the 2098 area. SUGGESTED ENTRY 2071.3 SL: 2063.4 TARGET 1: 2085.7 TARGET 2: 2098.1 R/R TO TP2: 1/3.39
So in my opinion the SP500 index of listed shares TVC:SPX , is retracing now from a completed bearish shark pattern, on the Daily timeframe. It is also forming an AB CD pattern, if you prefer, always on the daily timeframe, with target on the 2133 area. The question is, given "A" at 2024.8, what could be a good entry point, and for what SL? I'd really...
FX:GER30 has not reached long target of previous bullish harmonic, and has now another 2 smaller bullish harmonic confirmations on the daily timeframe which will hit a long soon. Potentially, all indexes will consolidate downwards towards their weekly supports while awaiting for the Brexit referendum result. On the DAX our entry coincides with the WS1 and if we...
A bullish cypher pattern seems to have formed on the FTSE Index FX:UK100 Entry: 6094 SL: under "X" (6046) 1st Target: 6169 (intermediary) 2ndTarget: 6225 - R/R 2.71 3d Target: 6320 - R/R 2.71 Trade with care
Gold could be in a potential bearish H&S formation on the daily timeframe. Potential entry level: 1282 - 1284 SL: 1305.50 Target: 1102.2 R/R: 1/7.8
SP500 seems to be forming a bearish H&S on the H4 chart. Clean and simple. Suggested short entry around 2118.5 with target in the 2084.5 area. Entry (short): 2118.5 SL: 2121 Target: 2084.5 R/R: 13