Here we have an USD/CAD Chart, as we can see there a lot of possibilities, i only can say that wait for the confirmation candle either for long or short. DailyFx Trend = Down Volatility = 16% stay safe and happy trading
It seems we have a great opportunity for a LONG trade on the breakout of the corrective structure. EMAs show price action has hit the Mayo on the reversal and has also just hit the Water with a wick at the bottom of the candle. In my opinion, on the breakout of the corrective structure, a great setup will have been confirmed to trade the entire Wave 5 Impulse...
DO NOT FOLLOW MY TRADES BLINDLY As we can see on AUD/NZD chat here , if the candle close outside 23,6% i think there will be a trend reversal. I am waiting for a confirm breakout candle, stay tuned and happy trading (weekly strong trendline)
gu i see distribution building on the hourly watching for short on trend-line break
this idea wants just to represent what we could observe from the market i'll keep updated this post in the future let me know what you think :) Happy Easter to everyone
Ajanta Pharma has given trendline breakout with rising volume on daily charts. Also it has major support around 1650 on daily charts. ADX and RSI have turned positive on daily and weekly charts. One can initiate long position on around 1780-1810 with Stop loss of 1650 (closing basis) for Target of 1950-2100 in next 10-12 weeks.
$ONCI has hit and moved from a support line from where it last broke out. Also notice the squeezing bollis, PARSAR flip and MACD crossover. News anticipated next few weeks.
Notice the support lines from Nov coming into play again and the nice triangle formation between where the breakout started in November and the are it bounced off of today. Also the amount of cloud has shrunk considerably. $FNMA Long
If we look at the indexchart of the AEX (dutch25) we are seeing high consolidation. This means that markets are on this moment unpredictable and are waiting for more information. Why can't we predict the markets? Because we saw at the past that markets dind't react as expected on politics and economic data. This means that the most people are afraid to place...
GBPAUD (GA). H4. Price break below Uptrend Channel after it unable to make new high.
TSLA has shown a strong downward trend in recent months. This most recent uptick breaks that trend.
On the 60mins chart, It's making a correction for more down side. It will be a really good sell when it break the correction. Good luck !! Like if you agree and comment if you have alternative analysis. Thank you.
Possible breakout from 4 month rectangle. Daily/weekly close above S/R zone, above fib, price above SMAs. possible impulsive move as in Apr/May. Developing fundamentals - emerging lithium mine in Australia. PLS-ASX
Today we have NFP, What are you thoughts and will you be trading? If USDCHF were to give us a small correction. Most likely we will put an entry order just below the correction with a small risk.