Really low volume and spike candles may not be a true break. If it starts moving down I see it bouncing of the longer term trend line. We may revisit 700-705 not bearish unless this level is broken.
Nice little flag here, offers potential nice trade with a low risk high return. Look at stock or options. Risk about 4 to make about 18 not bad should it move in our favor.
-NZDUSD is currently forming a bull flag pattern -The potential bottom of the flag found moving average, trendline, and Fib support -Stochastic RSI is in oversold territory and may soon cross over -With the poor non-farm payrolls report, and dovish tone from the FED, there may be a bearish outlook on USD since a June rate hike is probably no longer on the...
As you can see on my chart i am looking for buy opportunities on EURCAD, ill wait for a breakout on the upside out of the bullish flag before ill enter a long position with 1.50 as a clear final target.
Not much to say than what´s all ready on the chart
Inspired by a trade shared by one of our students @hongwang in our Inner Circle The reasons I am bullish on the AUDNZD are because: - completed a bullish Bat pattern on the daily - chart pattern traders would have seen the falling wedge formation, it has broken above - and now a smaller bullish flag formation I am looking to go long
I believe we'll see the EURJPY gain strength again soon. On the bigger picture, we're seeing a bull flag in the making. If it manages to break the downward trend line, we'll see a massive move up. If it manages to break the support line, short it.
possible bullflag that could support a retracement to around 1240/1250 main direction is still short
Few inside days after big, ignited candle on Fed minutes. There is still plenty of time before next meeting in the mid of June. Resolution of this upper level consolidation will trigger an Entry Long
Fundamentals : According to minutes of the Fed's latest meeting, U.S. central bankers feel it would be time to raise rates at the next Fed meeting on June 14-15 if hiring and economic growth continue to strengthen and inflation keeps rising. Higher rates are good for Banks and bad for Utilities and REITs. Technicals : Banking sector was a laggard compare to...
Target = Breakout + Flagpole = 20.44 My favorite pattern.
Long Term Investor, Scaling back on $gdx on this morning dip also limit order @23 & $22.
GBPJPY made a big run up today after breaking the bearish trend line. I believe it will continue this bullish run up until the 157.00-158.00 mark. It's currently moving in an bull flag and has a high chance of breaking out to the upside again. Stoch showing a slight sign of being oversold. This along with the RSI divergence nearing a bounce up.
EURCHF breakout of a bullish flag pattern.You can wait for daily candle close to confirm the breakout.
Paypal is the money for the Younger Generation, with recent competition from Apple and Google it makes it harder and SQ also is a competitor. I however like PYPL and so do the institutions...I think longer term this is a winner, however keep an eye on fundamentals buy on breakout right now it is in preparation not a buy yet