This has retraced to support, need to wait for confirmation of a rebound from this level before entering a long. EMA's have cut lower and MACD is on the verge of being bearish so must wait and see how this develops, do not jump in too fast as it could break lower to the previous monthly lows. If we see the rejection from this level then I am aiming for a more...
Already short on this but it has retraced back to resistance and is now rejecting from here. More shorts can be entered with SL above the high of support and I have a target of 9.07100. There are a couple of support levels before the target which are shown on the chart, these can be used for short term profit taking and used with a swing trading strategy for lower risk.
Had an excellent trade on this in my previous post, closed at TP 1. Now want to see this retrace to at least 0.382 Fibonacci to re-enter a long position with the target being TP 2 at 83.928.
Good chance to short this from current price. It looks to have broken support and is retesting it, expect to drop from this retest. MACD and EMA's have this still bearish after initial rejection of the breakout. Target is next support at 1.4233
FTSE 100 has had a big push higher, want to see a retrace before entering a long. Once it peaks on the current spike look for retrace to around 0.382 Fibonacci for entry. I have set target at a new high of 7004.4 although there will likely be some resistance at the previous high so can also take profit there and re-enter on the retrace from there.
This is rejecting from the upper trendline. I want to see this continue to retrace to the support zone before rising and breaking above the trendline and onto the more significant downward trendline just above. For best entry need to monitor this on 4HR timeframe using MACD and EMA's to find the moment this turns back higher from support. Another entry method...
As previously shown on a post this pair is at a resistance and is now breaking above. For an entry we want to see a retrace back to support and then a rebound upwards. I have set an initial target of 119.004 and then this can be swing traded to the following targets of 119.917 and 121.950
As previously reported on this pair this has now started to break above the resistance and trendline. This a major trendline so this is a significant move that could possibly end up a false breakout but a trade can still be entered with the right conditions. I want to see this retrace and test the support and/or trendline before rebounding upwards again before...
The potential for huge growth in cannabis companies is obvious. The spike we have seen in the past week has retraced almost all the way back to where it started, this offers a great chance to re-enter longs. The spike may have been caused by the Reddit craze nonsense which explains the big dump as well but this is still a good trade/investment. I would like to...
This now looks to be breaking above resistance. I said this was happening a couple of days ago but I jumped the gun slightly, hopefully if you opened the trade then you are still in. Now want to see this stabilise above resistance and possibly retrace to test it as support. If you are not in this trade then I suggest waiting for a retrace to support before...
This has been plummeting for the best part of a year. It recently broke another support and is now retesting it as resistance. If we see MACD turn lower and EMA's do not cross higher then this should continue down to the next supports. Keep in mind this has been oversold on RSI since September so don't be too overconfident as there is always the chance of a...
This may be a risky one but looking to jump on a short from current price down to 0.618 Fibonacci as I was previously aiming for. There is support between current price and that target which it has just rebounded from, that is what makes this risky. Also JPY has been weak recently so this may be a risk not worth taking for some people. TP - 104.264
Seeing a retrace to support after the breakout which is to be expected. Anyone who entered longs on my last post for this pair should still be good to stay in their positions. Looking for it to retrace to the highs of the previous resistance around 0.618 Fibonacci would offer the best entry. Target remains 1.4000 SL can be just below 0.786 Fib
GBP has been correcting over the past few days against most, if not all pairs. This recently had a breakout above a big resistance level so the retrace was expected and should go back to this previous resistance which will now act as support. Anywhere from 0.382 and 0.5 Fibonacci will be a good longing position. We need to see the price start to turn first and the...
Looking for a rejection of support for this to climb higher. Recently broke above a big resistance level, if price can hold here and not fall below support again then there is a good long opportunity on this. Want to see MACD remain above 0 and EMA to remain bullish if and when this holds at support before longing. Target is at the next high of 1.88158
This is at a big monthly resistance level, it has rejected this level a number of times but I think it is likely to breakout above this soon as the price has been more stable than its previous attempts which were big spikes to this price. Price action is currently bullish as seen on MACD and EMA's, I want to see the breakout confirmed and then the support created...
This has retraced to resistance, looking for it to reject this level and push lower. Target is 1.63124, there are a couple of supports between current price and this target but lots of bearish momentum with this.
Looking for a short on this. The support was broken and it is now retesting as resistance. Waiting for this to reject then can enter the short. Target is 9.32335, there may be some support at 9.40720 which could cause the price to rebound slightly but hopefully it will pass through this. There is also a longer term target at 9.07100.