Just from using the Accum/Dist indicator it shows that there is a lot of upside here. Yeah i know the reason as to why the stock collapsed, but if you bought at the lows you are looking at huge gains in just a matter of days. I think we could see a move towards at least $1.50 in a very short time.
Entered a short last week on and got stopped out. However with possible shooting star reversal, and the pair entering back into the bearish region. I will be shorting this pair yet again.
Some possible trade ideas on XAGUSD in the coming days, could go either way so follow it closely.
If we see teh cande close below resistance line buy the breakout
POTENTIAL BULLISH GARTLEY PATTERN COMBINED WITH STRUCTURE
1 hourly and 4 hourly are heading toward a strong daily resistance area coupled with a supply area. Although we see the supply area tested many times, it is holding. Overall bearish daily outlook. The 1Hr has broken its steep uptrend, now we just wait for 4Hr trend line break. Once this is confirmed, we will look for the ideal 1hr retracement or breakout trade to...
Target is predicted at 0.80500 = 500 pips. Good Luck!
Hey traders, Small disclaimer, this trade will not be taken in the account i trade with you guys, the reason is i have restricted myself to only patterns to help teach consistency in your trading plan. I do want to bring to your attention this structure Short on EURGBP simply to show how combining different key factors you can create a strong reason for entry....
GBPCHF broke out of the flag of the bearish flag patter confirming it. Consolidation and retesting of the previous support now turned resistance happend and the price is now moving further down with the next possible consolidation area at around 1.4290-1.4190 before going further down towards 1.38 which would be the end of the bearish flag patter. Above...
Gold looks like its setting up for a bullish breakout. Targets on screen. Trade with caution! We all know what GOLD can do!
Netflix has been trading in a contracting range. Seems to be forming a wedge. We are currently at support and seem to be forming a double bottom which could signal a wedge breakout. Our first TP should be at the top of the wedge. If we do breakout our target would be around 103. GL
I'm guessing there's going to be a nice breakout coming up. Any opinions? I'd like to hear what others think.
aud.nzd Trade Idea. strong Support Level Has Been Broken so wait for it retracement.. We Will See Bearish Priceaction At New Resistance Level. Like Our Page For Analysis And Signals. www.facebook.com Join Our Forex Trading Discussion Group. www.facebook.com
Eurusd trading in channels, We have a triangle formation and if the price breaks above then it could result an uptrend to 1.2550 to 1.3000. We could also have a close look at the RSI where it completed the prior low with bullish divergence. It will be a If then theory, If we have a good close above the triangle then we can surely say its going to upside :) Target...
As you can see from the explanations on the screen we are lining up for a possible bullish setup on EURGBP. It really depends on specific price action and candlestick analysis
Today, 10,000+ WFC Mar 20 $56 calls traded with the vast majority being bought for $0.35-$0.45 each, against no previous open interest. For every put that traded in the session, 2.5 calls traded (18,568 total). Talk of a Fed Funds rate hike later this year is bullish for financial companies like Wells Fargo and the stock remains relatively inexpensive. WFC...