It was a pain trading the DAX all of last week. Several candles indicated tactical bounces off important breakout supports around 10470 - 490, however the index failed to distance itself from key supports, decisively. Friday ended the week with a bullish engulfing pattern. Bigger picture, we are looking at a descending triangle pattern, which I expect to resolve...
ZION is coiled up on daily. Price bouncing off of 50 ma, into a bullish engulfing candle pattern. Expecting a move up from here.
EURAUD is in a falling wedge pattern and it looks like its getting rejected from 0.786 fibo so buying after wedge breakout seems like a good idea.
EUR USD Long Break of the 50 EMA, bounce of the pivot point, stron bullish engulfing. MACD crossing over the 0 line Trade with care - upcoming brexit likely to play a strong part in the volatility on this pair TP1 at R2 and TP2 below R3 but still requiring price to make a higher high. 0.5% on each TP 1:2 risk reward
Hello traders I am trying an agrressive buy inside the falling wedge with 124.50 and 128 as my take profit targets, the reasons behind my trade are on the chart.
Buy Now FX:AUDUSD Price moving inside consolidation. Bullish Engulfing Candle Stick Formation Price @ Backside of the Down Trendline Possible Double Bottom Stop Loss: 0.71474 - 23.9 Pips Take Profit: 0.71952 - 23.9 Pips Risk Rewards: 1:1
USDJPY has formed a bullish engulfing candle on the 1HR chart, indicating possible upcoming bullish movement. The candle is supported by a strong 12-month-long trendline that price has respected 3 times previously dating back to January, 2015. At the PRZ, a bullish pinbar has formed on the daily chart. The wick falls on a series of fib levels from structure...
1. 61.8% Fib ( 3267-3368 ) 2. 50% Fib ( 3224-3368 ) 3. Rising Channel 4. Uptrend on all higher TF's 5. 1H Bullish Engulf & 4H Reversal Candles USDCAD remains in a strong uptrend, however we are starting to see momentum slow a bit, hence the conservative targets for this trade at 1.3390
USDCAD showing signs of reversal at 1.3052 The area marks previous resistance turned support, as well the 50% Fib level of the last leg up. So far a doji (indecision) candle has posted at this level, and a bullish engulfing candle in the making on the 4 hour chart marking the London Open. Conservative take profits target the downward sloping trendline from yearly highs
JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well. KEEP IT SIMPLE TRADE LEVELS
Although looking a bit choppy, the bigger picture on Gold still shows an uptrend with higher highs and higher lows. Price has touched the floor at ~1180 and rejected the trend line for a third time giving a bullish engulfing and doji bar yesterday, together with rejecting the 0.786 Fibonacci level and closing above it. Stochastic and RSI are in convergence and are...
Break Descending Wedge, Bullish Engulfing Confirmation, Major Trend Up. Low IV suitable for buy call,Bounce on Fibs 61.8
1. Bullish Engulfing+Bullish Divergence 2. Bounce on Fibs 61.8 3. Primary Trend Sideways 4. Intermediate : Bullish, Minor Bearish
price is pulling back into nice structure level which would be a good opportunity to get long. Buyers are clearly defending this level as they dont want price to drop into the area where Canada cut interest rates. I.ll be watching for a buy signal at this level eg bullish hammer or engulfling pattern. My long term target is still at 1.30 but i.ll be targeting...
While other stocks have rallied this year, VFC has been in consolidation. Although this has lasted several months, the actual price range was fairly tight, sticking around the $60 mark. After breaking out in September price retested the top of the consolidation zone before continuing it's upward trend. Yesterdays bar confirmed a bullish flag and price is now...