Buy orders set at Support Level dating back to 2012, the Level has not been tested very often, increasing the probability of a bounce. The level also acted as a strong resistance in the past. FIB level seems the most likely target for the bounce. Possible 8.5% + Trade, with high R.
Lmao, I did not remember this. It's from long time ago trying to understand a little bit more this bank. Maybe is something irrelevant but it could be helpful to feed the curiosity some people still have and expand their knowledge with a better research. Also if i lose this idea again for some months I'll know where to find it now. There I tried to find...
Okay I've got another one for you but instead of talking about the analysis I wanna talk about money management, something that a lot of traders don't pay attention to. Money is really important in trading because it can make or break you as a trader. If you put 2 newbie traders in front of a screen and provide them with a very profitable strategy and you these...
My last post, which you can see at the bottom of this post, consist of the same strategy but on a higher time frame and now we got the baby version here. So the market came out of the contraction phase this morning and now it's come back down to retest the lows. So since we are bullish on a medium time frame I think the expansion phase will continue in the upward...
By now everybody should be familiar with my contraction and expansion strategy, if not, all you have to do is look at my previous posts. This in on a higher time frame as you can see and the expectation is the EURUSD will rally in the coming months because we are already out of the contraction phase and we are currently in the expansion phase and this will be the...
Triangle Pattern Formed . 1) Strong RSI Divergence . 2) Price Reacted From Demand Zone . 3) Entering In Supply Zone . * Trade Set Up for long . Looking For Bullish Candle Strick Pattern Near Triangle Breakout .(Long Above It ) Preferable Above 428. * Trade Set Up For Short . Look For Bearish Candle Pattern Near Supply Zone . And Below It Short . With Sl...
Commerzbank is ready to go up. bullish trend starts from today on.
I SPOT SOME BEARISH PRESSURE COMING. THE BULLISH MOMENTUM SLOWED IN THE BULLISH MOVE SO IM ANTICIPATING SOME PROFIT TAKING FROM THE INSTITUTIONS. I EXPECT A DROP TO TE DEMAND AT THE LOW.
Ugly double bottom pattern works if it breaks above $35.24
This is a quick chart to monitor how banks are performing. It includes companies such as Visa, Mastercard and American Express as well. If you think this should include other tickers, I’d be happy to include them.
Hello Traders ! I already posted my long term view on USDCAD. It is short because we touched the weekly Resistance level and we are pushing down from there. Now I expect a correction. But first we need to know something about the behavior of USDCAD. Currency Pairs Behavior: All currency pairs have their own specific behavior. Some are very violent and make...
GBPCAD is moving in the range. Banks put their money on short. Price broke correction and should continue down even more. Go check my friend's charts -> dmNik66
Lets dive right into. The FED will print until their fingers bleed. Just like Ford said "If people really knew how the banking systems works, i believe there will be a revolution by tomorrow morning." Precious metals remain this cure to this day. And they know it. The amount of loans in circulation is unreal. Here in Belgium i've been to companies and saw this...
We saw a hilarious 7%+ rally in the last 25 minutes in the US indices and Canadian markets but that's all it will end up being - hilarious. This was nothing more than a mega algo pump for cheap short accumulation and this will come home to roost in a likely Monday and Tuesday historic bloodbath. I mean lets be honest, do you really think a Canadian bank could...
As we contemplate the convergence of long-term US rates with that of Europe and Japan as well as the Japanification of the global economy, it is useful think about the potential impact on banks. Yes, low rates are not good for banks and as we have seen in Japan, perpetual low rates does not equate to an increase in velocity of money. That chapter in financial...
As we contemplate the convergence of long-term US rates with that of Europe and Japan as well as the Japanification of the global economy, it is useful think about the potential impact on banks. Yes, low rates are not good for banks and as we have seen in Japan, perpetual low rates does not equate to an increase in velocity of money. That chapter in financial...