Hey guys in this trade we see a clear uptrend and a bullish engulfing candle off a golden Fibonacci retracement zone cant get much easier of an entry! lets run this bag up! Targeting out -27 extension level.
On EURAUD pair,we have a nice reversal pattern.for now we can enter to long position till first T.P but it can moves till T.P2.
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Could be a nice opportunity to open an additional short position on a minor pullback retesting intra-day confluences:
- Strong area of S&R
- Inner 0.5 fib retracement
- Respectable descending TL
My sentiment remains bearish on AJ and i think we got some more room to drop in the upcoming 24h. Previous order has SL adjusted to breakeven and it will be wise to...
ENTRY: ~ 42
EXIT: ~ 55
STOP LOSS: 38
-We had an inverted hammer pattern in NIO and it was confirmed today as it didn't break the pattern yet.
- Looks like a good setup right now, as it is trading around the ~ 42 previous support level.
-We also have high volume which confirms the pattern + support level
The USDJPY recently pushed lower off the 106.000 zone and we see price is again hovering up at this resistance area. We are watching for weakness to come into the action especially if the USD index holds above the 90.000 area. Key area for us to watch now is around 105.769 and for a lower high shoulder to play out and pressure buyers for a move...
several touches of the yellow down trend line suggest next touch should break up.
Very bullish the second touch of the red line didnt break, and was bought up quickly.
I expect price to break out past the yellow, briefly test the green trend line, before running out to retest the ATH @ 8.9
It probably will bounce off the ATH, which might have good entry...
This is a long stock purchase idea for a quick profit on $BEP, this is a company that I have some shares in at a good price, and I'm looking to add more at pullbacks. This interested me because the setup has the potential to purchase a lot and sell half for a quick profit and leave the others to run with my other long term shares.
In this setup I am utilizing 4...
There is a short term resistance for AUDUSD at 0.73549 and 0.73662. We have a golden zone between 0.73753 and 0.73843. These levels can be used only for scalping 10 to 20 pips. You can use any strategy to enter at these levels. We dont recommend a blind entry at these levels without confirmation. A chart pattern in the 1m timeframe at these levels can...
-tested the previous high to finish the cup @ 10400
-passing into golden cross zone with the daily 200/50 MA
-Currently in pull back, looks like an early cup n handle formation
Trading strategy: scale into a long position after we find a handle bottom
Conservative strategy: wait for the handle to finish before taking a position quickly
As we have seen on the previous DAILY "Potential Long Position", our analysis is being verified, and looks as if the long position is ready to take. Once again, you may have to look at smaller time frames to seek a better entry.
Overall Trade Quality - Good
Gold has played out to plan as price kicks up through 1498, on the spot pricing, and out of contraction. We are now watching closely for evidence that buyers are diving in to support price and start the march higher so it is all about the trusty shoulder setup or higher low. If this plays out then happy to be a buyer for a push up to 1519 then 1554.
Gold has been holding a BidZone around 1480 on the spot price for a while and looks set to make a run to the highs. Safe haven buyers have been stubbornly holding the zone and not getting flustered by the moves in the stock market and buoyant Trump tweets on trade. The key level is now 1498 and a break of this level should signal to bulls that the move is on....