Interesting situation - two highly accurate and bullish harmonic patterns finish somewhere around 0.746. This gives us a very good opportunity for a long position with a high probability for profit.
Well, I don't know if there's something I need to add. This scenario is very likely to occur and I'm really waiting for it. Worth observing, nice R/R ratio, high possibility for profit.
Price has been down trending since April 2014. Obvious swing highs and lows. The upside rally in January 2015 created a higher high and also a resistance at the 0.99600. Price has retraced and could be forming an inverted head and shoulders pattern. The strong engulfing candle is the signal to go long and marks the potential end of a swing low. Entry price is...
High Probability Trade of the Day! Trade with the trend High Risk to Reward
High Probability trade of the day Long EUR/JPY @ 141.40 Target 142.50 Stop Loss: 140.90 Notes: Bullish divergence observed on the 15 min chart Possible inverse Head and Shoulders Formation Price broke above the cloud (Bullish in 15 min)
Eli Lilly showing relative weakness and building high-probability pattern - bear flag with well defined entry,stop and target points mentioned on chart.
High-beta names feels a bit heavy at this point after a big run since mid of May. In Netflix, after it borke up bear chanel, it had a nice and clear move following the 8-day EMA from $350 to $475. It failed to hold above previous high $458. Right Shoulder was re-test of this resistance that is still in tact. Entry Short on break of neckline around $433-$434 could...