Major resiatsnce formed on weekly chart around $1250 even handle, fib level and structure. Now double top forming H4 looking to trade back down T1 $1232-30 then extended target of $1205
Recently saw a nice pullback into the structure zone (blue rectangle). RSI went overbought on first move. Got a potential double top in this area where also the 50 % retracement lines up.
Additional confirmation would be RSI divergence.
OR: There is a chance we see a new high into the 61.8 retracement at the top of the blue box, so be prepared for both...
Adidas’ growth was spectacular, but it is a thing of the past now. Hoping that the stock would double again from here is, in my opinion, wishful thinking.
im anticipating a RISE to 143.133 LEVELS before a MAJOR FALL as this is around the resistance level im seeing from my PHONE PLATFORM as im trading from multiple platforms and accounts
we can see STRONG VOLUME ACCUMULATION and support being formed on the 1 hour and 4 hour chart
im calling long until further notice
PLEASE USE STOP LOSSES and take profit where...
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Thursday’s Bullish outside/bullish engulfing candle lacks follow through given the prices have dropped today.
A weak closing today would mark the failure of the Thursday’s bullish candle and open doors for a sell-off to 860 levels over the next week.
Afternoon guys,
Hope you all enjoyed the Christmas break and are ready for another year of thrashing the markets.
NZD/USD is currently looking extremely bearish for the following reasons:
- Break of the neckline of the H&S, implying downside movement to 0.66150;
- Break of the trend line support from Jan to June lows;
- Break of the 200dma.
MACD and recent...
AAPL Longs currently stopped at "Make it or Break it" Area
Today NO Shorts as well...
Looking for entry from break, strong bounce or from next EARNINGS
Merry Christmas and a Happy New Year :)
Sell FX_IDC:AUDCHF . EUR is getting stronger, and CHF is adjusting the currency valu to it so it should get stronge as well. AUD is weak so I use it as second currency.
This is one of my main themes for my macro portfolio. I am looking to see more buyers for GBP and also we see same weaknees in Asia region which I express with this trade idea.
forgot to post this chart earlier but as you can see we are now approaching monthly support, risk free trade and currently in profit i will be monitoring this trade closely next week.
Rationale:
- Although recent GDP growth figures have exceeded expectations, there are signs that the Chinese economy is becoming more unbalanced; $MS predicts a Chinese slowdown, potentially reducing demand-side pressure for iron ore (and /cl's failure to maintain above 50 will only aid supply-side capacity)
- I maintain a bullish stance on $ as I believe that the...
USDJPY has formed a base just below monthly support around 100.052, recent price action would suggest that the pair is in early stages of reversal as a key trend line has also been broken. Price is currently testing monthly resistance at 106.131 a break of this level and we can potentially see this pair reach highs of 111.207 in the not too distance future.
XAGUSD Long Term
Looking for LONG Trade
Break from "Down Channel" to Chanel UP
Possible continuation from current level or bounce form channels bottom
EMA50, EMA100, EMA200 Bullish
