I am waiting for a retest of the 1763 level and if it holds we are heading to new highs. The commodity is on a strong bullish trend so I expect further buying pressure. Will update as time goes on, stay tuned! Good Luck. God Bless!
If the highlighted area hold we can expect buying pressure to set in after the breakout, consolidation, of the falling wedge formation. However if it breaks below we can expect retest and the bears to take over. Will update as time goes on, stay tuned! Good Luck. God Bless!
* Exceptional earnings year over year * Very strong up trend * Breaking out of a 4 month consolidation period with 63.09% more volume than average * Pays out dividends with a Payout ratio of 44.50% which means that the company has a lot of room to grow further and possibly increase dividends as well! * Probable ROI is 12.98% if the trade goes in our favor Trade...
* Great earnings year over year * Very strong up trend * Breaking out of a year-to-date consolidation with 40.98% more volume than average * This trade as a chance of giving an ROI of 86.26% if it plays out in our favor. Trade Idea: * Now is the best time to jump into this as it's very close to the breakout point and it's picking up volume as well.
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A Bullish Bat Pattern may complete at 151.78 for a buying opportunity within the buy zone. The earliest time it can be tradable will be at 11 am (+8GMT). Yes, there are lots of filters that most traders aren't aware of, and it's not a comparison on its execution of Harmonic Patterns reaction in the Forex Market VS other markets.
There are a couple of trading opportunities in the GBPUSD even only in the 1-hourly chart, I'll give you a few possibilities. A retest on the resistance line(red line) and if the candle didn't break and close above the red line, you can wait for a shorting opportunity. If the market retest at 1.3769, we have a Bullish Shark buying opportunity within the buy zone.
* Strong earnings quarter over quarter * Strong up trend * Broke out of a year-to-date consolidation * Consolidating right above the broken level Trade Idea * Now would be a great time to get in on this given that it has broke out and is now creating a new support right above the broken level. * However, if you are looking for a discount, this may consolidate a...
* Very strong earnings year over year * Very strong up trend * Broke out of a 6 month consolidation * Consolidating right above broken level and attracting more volume Trade Idea: * Now would be a great time to get in as it's building a new base right above the broken level. * If you are looking for a discount, there is a slight chance of it visiting the $109...
* Excellent earnings year over year * Strong up trend * Broke out of a month long consolidation * Consolidating right above broken level with higher than average volume * Minimum probable ROI of 6.03% if the trade goes in our favor * Given the established up trend it will most likely be more than that Trade Idea: * Now is the perfect time to get in and ride the...
* Relatively strong earnings quarter over quarter * Strong up trend * Broke out of a 14 month consolidation with higher than average volume * Creating a new base above broken level of $593.29 * Minimum probable ROI of 28.03% if the trade goes in our favor Trade Idea: * Now would be a great time to get in on NFLX as it's creating a new base right above the...
I last spoke about ABT when it was peaking at a breakout. Now, with slightly higher than average volume, it finally broke out. Now is the time to get in Here's a recap of what I last mentioned * Strong up trend * Consolidating since beginning of 2021 * Strong earnings * Lower than average volume All signs point to it breaking out soon. Due to the lack in...
* Relatively stable earnings * General up trend * Broke out after 2 months of consolidation with higher than average volume * Price consolidating above broken level of 192.56 * Recently used 2019 highs of ~174.15 as support Trade Idea * The price will either consolidate here or revisit the 189.60 area before moving higher. * If you're looking for a discount,...
* Strong earnings quarter over quarter * Very strong up trend on the longer time frames * Broke out with higher than average volume Great momentum stock to get in. The price is ready to move higher!
* Strong earnings quarter over quarter * Strong up trend * Pays out dividends with a Payout ratio of 24.30% which means the company has a lot more room for growth * Broke of a 4 month consolidation out with higher than average volume (19.09%) * Making a new all-time-high * Probable ROI of 17.19% if the trade plays out in our favor Trade idea: * $200.75 is...
Looking, waiting patiently for dxy at the next point to check if buy if possible.
BNL had a pull back mid June and has since recovered to make new all time highs. Since breaking out it has been consolidating right above resistance hence making it a new support level. * New company * Steady up trend * Pays generous dividends * Broke above pull back with relatively higher volume (7.28%) * Creating new support level from the broken resistance *...
Let's wait a bit more for fundamental report on CAD as we hope to go on buy(long) market. The point is worthy of watching, if cad come out good, there's possibility for change in market movement.