czoa

czoa

After establishing a month-long range in January and breaking two long-lasting trendlines at the end off the month I would expect yet another retest of the break points and of the POC of the January range before turning to the downside to the 0.7570 - 07540 area, level of the mid-December breakout and an area of some interest on the profile. In the immediate term,...

czoa

EURAUD broke the down trendlines established in December and January 21 and made a retest of that breakout, specially visible in the 4h timeframe. In February I would expect a retest or stop hunt in the 1.5750 area, revisiting the peak area in the volume profile, before proceeding higher towards 1.6000 or even higher to 1.6100 to the next profile peak.

czoa

After a huge rally the stock has consolidated in a range during a few months forming a perfect Inverted Head & Shoulders pattern form which it has recently broken-up with an increase in volume. I will be buying right away with a first profit target around 27.50, which is just below the previous high and the height of the H&S pattern, and a second target around 43.

czoa

After a downtrend in the first half of January and a range-pullback I would suggest that a stop-hunt above 1.2200 (perfect place to limit sell) is in the making before entering a second leg to the downside, with a first target below this late range in the 1.2020 area, then a trend line retest and after that at least a second target in the 1.1970-ish or even lower,...