This stock has potential to really move one way or the other. Sizing should be appropriate for biotechs and potential movement. Hourly chart looks like solid flag. Would need to clear downtrend line to confirm move higher
For CVS I see a pattern on daily view Inside bar At Upper BB then the fall A Good entry might around 71.30 tomorrow or above assuming everything is OK. As they like to delay the pattern recently Aug24/31 68 puts will be Good. As for You to be Quick ITM 71 puts Will be Good too
Inside bar after earnings is one of the inside bar trades that can break the 8ema rule as the earning day may be taken as a whole new start, which implies strong potential momentum. CMG had a 25% rally after the earning report to come back to the stage, and it gave a daily shooter here, I like the long much more than the short though. Of course, if it breaks to...
FB has been a trading hot spot for a couple of days with a 30% slump, looking for some set-up to long is not too crazy. Actually this X point is not a perfect one and the more significant 0.618 retracement will be near 145, but if the inside day is able to break to the upside, it's still a worth taking trade with solid 8EMA correction rooms. Let's see how it goes!
USDCAD dropped significantly on Friday on the U.S and Canada numbers, which may create some trading opportunities on these minor pairs. GBPCAD has a daily gartley pattern and an inside day, so if it's able to break to the upside, it could be a solid long trade! Let's see how it goes! ================================================= tradingview.go2cloud.org...
In terms of inside bar trade as a day trader, I don't usually trade inside day directly as it may have huge risk that I can only take a small position. While of course, the larger the time frame, the more significant the breakout, so I often wait for the breakout of an inside day and find intraday opportunities in line with the directions. In this USDCAD inside...
Based on the daily chart, there are 2 potential trades to long XAUUSD with similar entry points: (1) Inside day and up XAUUSD gave an inside day yesterday with a 1226.39 high and 1220.06 low; it already broke to the upside which may lead to price correction to 21EMA @ 1245 so its entry could be @ 1226.45 and out @ 1219.95, put half of the position sell limit @...
Looks like a new trading opportunity has shown up on the AUDUSD, 240 chart: an "Inside Day" candle after a hit at the upper Bollinger Band. An interesting trading idea might be placing a pending order right below the low of the ID candle, SL slightly above its high. Then if the account size permits split the order in 3 chunks with take profit the middle line of...