OT_Forex

OT_Forex

There is an overall bullish sentiment for Cannabis Stock to experience large growth as a result of the US Presidential Election. NASDAQ:TLRY has recently broken a trendline that indicates price action bullish movement. The Strong support level that is created at $10,50 is as a result of the bullish trendline and strong resistance that may turn into...

OT_Forex

The FX:EURGBP has broken out of a strong bearish trendline on the 31st of July and retested it on the 10th of September. Indication bearish movement to follow. The pair has been in a choppy bearish movement since. The double top with a higher low also gives further indication to a bearish movement. As the pair has reached a bit of consolidation at resistance...

OT_Forex

TVC:DXY has been most of the time in a strong Weekly Rectangle Trading Range. As Professional Traders we will seek to take the most advantage we can out of the market. The 7 day RSI as slight divergence that signals an upward trend. Another factor is the trendline forming at 38 degrees that is inline with the previous bearish trendline at 36 degrees. Price has...

OT_Forex

FX:NZDUSD has recently rallied higher even though it is in a strong downtrend ( weekly lower lows ) . As indicated on the chart the weekly resistance and support levels. Price has reached and broken the first level on higher volume , but it has made a strong return to the downside when it reached the 0.5 Rib Retracement Line. Stop Loss can be set just above...

OT_Forex

JSE:AIP is showing strong growth after a terrible knock it took during the coronavirus lockdown. On the chart it is clear that JSE:AIP is moving toward its Weekly Rectangle Resistance Level. A breakout is possible out of the daily consolidation block on heavy volume. The DI + lines is above the DI- lines that indicates more bullish trend movement, with the ADX...

OT_Forex

FX:GBPJPY is in a long term downtrend and therefore we should look to enter only entries to the downside. The black lines on the chart represent Fib Retracement level on the Daily Chart. We will now continue to the smaller timeframe to find an accurate entry point. A nice downward parallel channel further indicates downward movement and we will set our TP target...

OT_Forex

OANDA:XAUUSD has been riding the bullish wave for quite some time and therefore I will not yet recommend going short for the long term. This is a short term setup and here are my reasons. Volume : Falling Volume when price tests the resistance trendline indicates that bulls is not giving the necessary power to breakout. Triangle : The Triangle that is forming is...

OT_Forex

FX:AUDUSD has been in a strong bear market the past few years and the effect of the corona virus has caused it to test monthly support levels. With rising volume on the weekly timeframe we could expect a breakout upwards. I have set out my TP targets and SL on the sheet. Minimum risk:reward is set at 2:1 and Maximum Risk:Reward is set at 6:1 Fib Retracement...

OT_Forex

This is a short term trade setup for NASDAQ:AMZN . Strong Bullish motion in previous trading suggest a possible continuation of the pattern. Rising Volume indicates that a breakout is possible in the consolidation rectangle. I would recommend to set profit targets at the retest of the trendline ( adjusted each 2 H ) . Take Profit : $2500.00

OT_Forex Updated 

AAPL has an bullish rising pennant. AAPL also has broken the 40 day EMA. Strong Rising trendline support. Broken dotted downward trendline TP : $310.00 Medium term prospect

OT_Forex

FX:USDZAR has recently entered a consolidation zone that concludes the is indecisiveness in the market mainly because of the corona virus pandemic. An Ascending Triangle is formed that proves bullish movement to continue. Rising Volume combined with the ascending triangle indicates that Bulls will most likely win this round. Another strong factor to consider...

OT_Forex

FX:GBPUSD has recently entered a head and shoulder formation. A great indicator to conclude further downwards movements is the bearish divergence and falling volume level that indicate Bullish uncertainty. Take profits could be set at 1.17200 Stop Loss can be set at 1.25900

OT_Forex

JSE:NPK is South Africa's leading diversified packaging manufacturer. As of basic knowledge due to lockdown regulations economic growth has been slower across the world. JSE:NPK also took a great loss due to this pandemic. Fundamental positives : - Gross Profit Margin : 30,34% ( Relatively Strong ) - Current Ratio : 1,36 ( They have enough current...

OT_Forex

EURAUD *The 4H , 40 Day EMA is currently in a downward slope which indicates short term downward movement. * The Parallel zone consists of the Weekly timeframe and this suggests that on a long term view FX:EURAUD is in a upward trend. * Therefore we can expect downward movement towards the 1.65000 level . * A buy option after this level will be most suitable...

OT_Forex

* Trendlines tested numerous times . Indicates strong support zone. * 40 Day EMA is starting a bullish curve. * Low Volume indicates there is not a lot participants in the market and therefore they will probably follow the trend. This is a medium term perspective. Always make use of proper Risk Management when trading.

OT_Forex

- Strong Monthly Trendline - Bullish 40 EMA - Strong Daily Trendline - Next Target : All Time High Medium Term For more signals check out my telegram channel : otforex

OT_Forex

EURJPY is running on a strong Monthly Resistance Trendline. This would act as a strong barrier to break because it has been tested 3x Times. The longer and more times a trendline is tested without being broken the stronger it becomes. As Indicated the longer term weekly trendline has been broken and retested indicating strong selling signals. The 40 EMA also is...

OT_Forex

The Nasdaq 100 have started to recover when it hit a strong support trendline. Other bullish indicators is : 1. Upward channel 2. Broken 40 EMA dotted line 3. Broken short term 40 EMA Trading has financial risk - always use Risk Management Long term setup