Breakout-CORNCORN price has broken bullish trend. Pullback has finished and breakout is confirmed. We can expecet some bearish movement till 3,5 level. If its broken, bearish movent can be projected till second support structure 3,3 aprox.
Breakout-trading
Intraday triangle-AUDUSDBearish triangle has formed in hourly frame. Waiting for a breaking below that patter to open short.
GBPUSD Breakout ideaLook this kind of pattern.
Breakout of channel or support? (CCI near -200)
Good luck
FX:GBPUSD
Paypal: nice doublebottomMain signal formation: double bottom
Buy 38.66 (neck's breakout)
Stop-loss 36.27 (-1 tick under double bottom)
Target #1 41.00
Target #2 42.50
EXELON Channel sellingSignals:
double top
pennant
breakout of strong inclined support
Sell 34.10-39.80
Stop-loss 34.85 (+1 tic pennant's high)
Target #1 31.00 (sizing+strong support)
Target #2 28.00 (sizing+Elliot's waves+strong support)
3 scenarios BreakoutHello friends this are 3 scenario of breakout:
1) (Green) Breakout on strong resistance of disjoint angle that lasts from July
2) (Blue) Breakout on blue support, beat on white and break the strong white resitence
3) (Red) Breakout on white support
Tell me what you think, i would be happy to read advise and why not, compliments.
FX:GBPUSD
USDJPY WAIT FOR IT!Hello traders,
Since we are caught in a fifty pip range.
I can't see any other tactic at this point.
A good way to go about trading this pair is wait for a clear breakout candle.
And enter on the next candle for a continuation. A strong move is eminent on tomorrows CPI
so we may have more to work with (as far as trend analysis goes) in a day or two.
Trade safe, trade well.
USO / Oil - Possible breakoutPossible breakout for USO the oil.
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FXE / Euro Dollar - Possible breakoutAnother breakout is possible for the euro dollar FXE.
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USDNZD bullish falling wedge We've had 5 hit points on this falling wedge. Given this number and the fact that the market is very near the apex of the triangle expect a break into the upside on the next hit, but it could of course be on hit 7.
Green lines indicate the profit targets. Second one is most likely and the third one will be a really good hit.
Massive risk/reward on this trade.
Trading a breakoutBreakout trading is considered to be one of the most common trading methodology.
There are lot's of pro's and con's about the methodology, biut to keep the post short. I will only point on the main aspects.
1. find tops and bottoms
2. Place orders
3. Never miss a trade, as you never know which position will be a winning one,
4. Always have a critical stop
5. Always use a timing stop to close a negative trade
6. trail a position
7. use a fast profit
8. Never miss a thing!!!
I guess that for some it has started to be not as easy as it seems to be , but believe me, it is worth to understand.
the hardest part is not missing a trade, a good part is that you will always enter in a market direction.
please ask me anything.
Sincerely
Skywalking to new highs w a close above 102.77Ignore the badly drawn cloud. I was bored :)
Premise:
I wanted to get into $GILD last week and it looks too exteneded today. So I found this $SWKS chart and it could make a similar move.
Breaking the trendline on a close above 99, making higher lows on the daily chart. Front running a breakout above of the March 23rd high at 102.77 MACD is trying to go higher. RSI trending higher. You don't need anything else to convince you a low risk long.
I bought a JULY 105 Call for $4.07 w 60 days til expiration (market maker was nice I put in a 4.20 limit offer)
Stop loss to get out with a close below 96.00 on the underlying price or a 30 day time stop which ever happens first.
Target is $106.72 on the underlying. It is the 1272 fib extension of the 3/23 swing high to 3/26 swing low.
Happy Monday.
