breaking out and closing at new 50 day highs with strong volume breaking out of range on the weekly
1. Fundamental = Buy. 2. Technical = Buy. 3. News/Rumors = Buy.
50% Fib level , 1.1000 key level , 3rd trendline bounce ______________________________________________ French Elections = RIP or Drip /Raul
This pair is on a downtrend and it has just hit a horizontal significant level at 137.663. Either a slight bounce up to the previous high, however a triangle formation indicates that it might break lower past the significant level. RSI looks to be on a downtrend towards the 30.
The reason for this trade i beleive the current Rally in oil we are seeing today is due to API numbers telling us there is a drawdown in oil this week in the US, which is significant news as oil supply is at record high, this will cause the US markets to rally as they have a large amount of oil companies on the exchange, in turn that strenghtens the dollar against...
I developed a strategy called the Rabbit Trail Trading Strategy and This USDCHF trade is following it nicely. Hoping to reach my target of +50 pips!
Crude oil is looking for direction and is in a trading range at this time between 50.00 and 43.00. The 50% retracement of the 2016 long leg seems to be holding for now. It is possible if that price holds that we see the yearly high again at the least. However, price could power through the 50% level and move to the 70% level just under 40.00. At this time it is...
We have a nice strong channel from the 29.2.2016 and the price just touch the it. The demand zone with 50 % fib retracement can hold, and push price back to supply zone at 1.47000. So we can see the nice forming HH ( higher high ) and HL ( higher low ) formation. This we use to find a potential trend reversal. Have a nice week !
Correction begun at 51.50 - You could go long again after 49.60 . TP around 50.50 :) MM89
The uptrend continues since CRUDE hit 30s. It looks like there is nothing much to keep it lower than 50 this week. Maybe even 53+ Best position would be to go long around 48.50 and TP around 51 but that may be risky. Your call :) Good luck. LIKEs and FOLLOWs are appreciated. Thanks!
1.Daily MACD hidden divergence and zoomed to H4 MACD hidden divergence. 2. HH, HL formation. 3. RSI is Overbought. 4. 50% Fibonacci Retracement. 5. Strong daily resistance zone.
In this example I show you one of the ways I use to trade in a 4hr timeframe. The idea is to first wait for ema cross, and then wait for at least 2 retracements, after retracement, open a position and place sl below or above the previous retracement depending on your position. The only downside to this strategy is you might miss a lot of other trading...