Right now it looks like price action is forming a triangle pattern/wedge. I'll wait to see if price reaches the previews lows and look to buy long for 200+ for the week on this pair. My bias this week is LONG. If price breaks out and passes preview high I'll wait to see were price will top out at. FXT :)
I had a beautiful explanation written here and it was lost. It was about considering how to make income in a stagnant market. Become a seller and write options. This shows a previous strategy that could have been used in the last few days to generate income on your portfolio with a butterfly or iron condor. A future chart will describe this technique in depth....
Open sell stop bellow 5pips the price. Stoplose: 20-30pips Takeprofit:190pips
Bitcoin inside a Mod-Schiff pitchfork set. Expect to react to closest down slopping line. After reaction , I might start building position or keep waiting.
Great premium income opportunity. Details are on chart.
Looks to me like we have some healthy consolidation on the chart for this equity. The fundamentals are strong as well, I've visited a number of their properties and they all seem well maintained and the clients appear to be happy with the customer service rendered.
1. BUYER MAY TAKE A REST AFTER RECENT RALLIES; 2. PRICE MAY DROP TO 2133 IF IT CAN NOT CREAT A HIGHER HIGH 3. PAY ATTENTION TO THE AREA 2154-2155.6, IF THE SECOND TRY FAILS, IT WILL SOON DROP THE BOTTOM OF THE RANGE 2146 WHICH I MARKED BEAR TRAP 4. PRICE MAY DROP FURTHER TO 2133-34 BY MEASURING THE HIGH AND LOW OF THE RANGE(2146-2158) 5. NORMALLY, PRICE WOULD...
PRICE IS LIKELY TO BREAK THE WEDGE AT 7TH TOUCH, AND WE CAN TAKE THE TRADE TO SHORT IT WHEN IT COMES BACK TO RETEST THE BOTTOM OF THE WEDGE. IF PRICE CHOOSES TO GO UP, WAITING FOR PULL BACK TO LONG IT WHEN RETESTING THE UPPER WEDGE.
ENTRY =0.7428-0.7441 STOP=0.7446 T1=0.7379 T2=0.7310
REASONS ARE MENTIONED ABOVE. ENTRY= 1.3251-1.3238 STOP=1.3234 EXIT=1.3444-1.3474 WE MAY SEEK TO SHORT AGAIN IN THE EXIT AREA.
1. PERFECT MATCHED THE PATTERN, PRICE REACHED 161.8 XY, i AM LOOKING TO SHORT AT T2 2. V-PATTERN IS VERY LIKELY TO BE FOLLOWED BY REVERSAL PATTERN. 3. POTENTIAL EXIT AREA IS MY "BULL TRAP AREA" AROUND 45.97-45.82 4. EXPECTING PRICE TO MOVE UP AGAIN AFTER TOUCHING THE AREA
Seeking reversal pattern after the continuous drop
WMT is offering a very nice entry, after forming a new weekly mode, which implies the strong uptrend is seeing reaccumulation at higher levels. I'm looking to enter longs at market, at the open, ideally on retrace to the mid point of the green triangle on chart. Stops should be below 67.40, for example at 66.51, or using 3 times the daily ATR. Yield is very nice...
Through out my time swing trading i have found that there are some desecrate tools and information i must look at in each equity before i make my final decision, certain criteria like Short interest , days to short , SQZMOM indicator along with a sweet chart that channels up. 1. it all starts at finviz where i search up stocks that fall under the lower priced...
Options are a fantastic tool to create the weekly and/or monthly income that we need to support our lifestyle. Selling options is selling a financial insurance product. As the seller we are also the underwriter of the policy. When selling an option contract only one of two possible outcomes can happen...either you will get assigned the underlying asset at the...
Options are a fantastic tool to create the weekly and/or monthly income that we need to support our lifestyle. Selling options is selling a financial insurance product. As the seller we are also the underwriter of the policy. When selling an option contract only one of two possible outcomes can happen...either you will get assigned the underlying asset at the...