We have seen the pair have a bullish run and have some corrective waves form. This has given us a very bullish looking Flag / pennant formation.
Price has been respecting the ascending daily trend line creating Higher Highs and Higher lows. The is some further confluence with a 0.618 fib at the trend line and where price has recently rejected and fail to break...
SEAS announces earnings on 11/7 before market open, with an implied volatility of 71%, which is at the upper end of its range over the previous 52 week period. The November 17th 11 short straddle is paying 1.37 at the mid with a comparable iron fly probably not paying enough to make it worthwhile (less than 1/4 the width of the longs).
CTL (implied volatility of...
Potential setup will be looking to sell near daily resistance, but be mindful since the pound tanked it could remain weak but at the same time strengthen because rates were increased.. I will be watching this setup
Price bounced off its daily uptrend line & strong support. I am watching for a break the CTL before going long.. NZD News later today lets see if we can get a strong push to the upside first target at the 61.8 fibonacci level !
CTL breaking upward nicely. It has very strong Moneyflow. We think it has good upside potential from here.
* Trade Criteria *
Date First Found- June 12, 2017
Pattern/Why- Upward momentum Long
Entry Target Criteria- Break of $26.13
Exit Target Criteria- 1st Target $27.87, 2nd Target $32.73
Stop Loss Criteria- $26.13
Please check back for Trade updates....
The pair is forming a pullback on recent bullish momentum over the past few weeks however a break to the upside will trigger a long entry.
MA crossover on 4hour TF showing confluence to the upside.
Wait for CTL breakout to go long.
Target: 118.600 just below -61.8% fib.
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Bearish bias on NZD/USD with the continued dollar strength into the new year. We had the breakout of the triangle structure on the 1H time frame which would have been an ideal entry however i am now short on the 4H breakout of the longer CTL with downside targets of 0.68600. A break below 0.68550 could seen further downside movements.
- Other pairs i am...
After finishing an ABC pattern GBPJPY looks like its turning bullish and heading towards 164 area at least.We have divergence on H4, and I'll be looking for buy setups on lower timeframes after the trendline breaks.
This pair looking like a nice short opportunity. Clear downtrend established on the higher timeframes and then this fibonacci play with the CTL break gives us the shorts down to the final target at fib extension around 148.20
Pair is showing us some weekness. On the bigger picture the trend is down, the price bounced off weekly 50% FIB. It has broken CTL now I'm waiting for price to take out the newly made swing low and continue the downside move down to 0.7500