Current thoughts on Hourly AUDUSD. If you have any charts on AUDUSD and if you also trade Supply and Demand in the terms of FTR, FTB etc. then please Message me on tradingview or instagram so we can link up! Also please let me know if i missed anything out on this pair, there is always more to learn! Instagram : @ThatYoungTrader
AUDCHF is in a nice uptrend right now, yet it hit recent highs not too long ago and then made a nice drop back down to demand, Price is going back and forth right now in between a range, both Sell and Buy oppertunitys can easily be grabbed on Lower time frames. AUDCHF could go up and if it breaks the previous highs we can see a significant increase in price. Yet...
FTR was looking for a bottom and found it on the fib 2.618 extension at $1.95. 20% upside on a bounce to $2.67. Fundamentally, expectations are too low for Q1, after numerous one-time items caused Q4 metrics to strike fear in the market and even the analyst at GS. The GS downgrade created the capitulation bottom at $1.95. (Note: the preferred shares FTRPR...
Frontier Communications Corp Can hit $3
FTR looks due to break out of its coil. Breakouts of symmetrical triangles can go either way, but there is significant upside at this price point.
FTR seems in a corrective phase in a descending channel. I'm expecting one more test on lower channel before a possible wave up. If the rising trendline is broken it invalidates this setup, it will be a totally different trend.
This is a WEEKLY chart of FTR. You are looking at about 7 years of history... FTR just recently bought some assets from Verizon. I would say the stock ran up on the purchase and now it is falling back to the uptrend line that started back in early 2014. Is FTR a good investment candidate at this point in time? Let's look at the best part of the chart first. ...