I'm observing pair for some time. It seems to me that after sharp move south pair is still going to reach psychological level 90. All my previous ideas were based on some strong indicators suggesting that price will follow but all of them were wrong because of one thing, they were all against trend. AUDJPY is in strong up trend for quite some time. I marked with...
Sorry for not posting the original buy. This is my price target short term for SBUX.
The 24th is a dividend date and I will collect those as well.
This stock is small movement but profits none the less.
USOIL SHORT GAP FILL TRADE.
That's all this is. UGAZ is nice to play as well for a buying opportunity.
Short term trade to cover fill.
May the markets be forever in your favor.
Symmetrical Head and shoulders pattern on Daily, 4H and also on 1H chart. Price bounced from 1.4500 and is going to reach 1.500 in my opinion. I would close position near 1.500 mark. There is clearly visible GAP just below 1.500.
I can see here strong rejection after attempt to reach 1.0500 level. Monthly candles showing nice pattern for the third time( Bullish engulfing) and closed above support mentioned above.
I see also two important formations :
1. GAP from daily chart(different broker) is respected almost perfectly with pin candle
2. Shadow of the candle reached Fibonacci level...
A bit of a gamble to be honest, but there's enough evidence from this year to support a gap down this weekend. I labeled all the previous gaps this year and why I think they happened. I've put a very small position on a short gap down since I believe our support from this week's trend down is around 112.450.
If it pays off, I'm closing it as soon as market opens...
Price has recently danced around the 1.241 level and appears to be moving in a Gartley formation. The potential reversal zone is calculated to slightly below this level but this is still indicating that price will bounce when the level is next retested. It may be wise to drop to the 1hr chart to seek a more accurate entry using candlesticks from a lower timeframe....
This is a setup very similar to last week, as last week's gap opened around 114.50 and I called that fill as well.
After last week's gap, price dropped to the nearest major support area and then bounced up to close gap later in the week.
Similar thing happening now, question is will price first drop to high 112s or fill the gap up from current price (As I'm...
Hi traders,
We can see that most of the pairs have created a gap during the weekend, including on the EURUSD. What usually happens to gaps? They get closed pretty much every time. So we should expect this soon. Let's see what happens.
Cheers
Price has retested and filled the gap from over the weekend. From Friday we can see trapped short sellers volume with expected rise for Monday.
Enter when price hits the High of the Day (HOD) for about 16 pips just under the HOD from Thursdays session.
March Oats met the Elliot Wave requirement for position 4. Looking for an upsurge in the next couple of days and progression to fill the gap, complete the Elliot Wave and Butterfly off the extension. Cautious of Oats making one or two more lower days off of the bearish flag.
May Oats hasn't yet completely made the Elliot Wave, but it may not.
QCOM suffered a large sell-off due the lawsuit with AAPL. As we could see, even the sell-off is filling the gap of previous jump-up. Strong support around 51.17. With the upcoming earning, I would say its rewards would be great if considering the relative risk.
FX:USDJPY
The rate has been trending down since the start of the year and at the moment seems to be working on a descending triangle with a base at 112.55.
I will be looking at the falling trendline resistance which is also a resistance created by the falling gap. If we get a rejection here we’ll have a good risk reward for a short term downside trade to...
