On EURUSD, a downtrend channel has been forming for many weeks, going from 1.21 to 1.15 (lowest level reached) making thus on its way LL and LH.
However, price can still break outside the channel, and we will be looking for buy setups around the support after a serious break of the previous high.
Best way to enter is to wait for the right timing
Best of Luck
$LL Target 33.34 for 23.53%
Or next add level is at 20.64
This hasn't been exciting at all lately has it? Let's change that!!! Hit that Target LL
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there...
Chicago lumber futures were trading around $950 per thousand board in March, buoyed by robust real estate markets and expectations of a swifter economic rebound fueled by massive government spending and vaccine rollouts. Covid is also causing lumber shortage and shipping problems. LL has a nice bull flag on the weekly, look for break above $26.5.
Hi Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
In my opinion, this is Hidden Divergence on MACD
It has a good position for the uptrend.
We have to see what happens in the...
$LL "LL Flooring", formally know as Lumber Liquidators, has formed into a very clear bearish head & shoulders pattern with a possible 20-30% downside.
Monitor for a close below $20.00 for confirmation. If $20.00 holds as support and instead we see a close above the 20d ema line, this H&S will likely be invalidated.
Price Target: $14.50-$16.50 range by early...
Very similar pattern of July 16th with August 17th.
Green candle gapped out of top Bollinger Band , and continued to move higher for 2 weeks.
Selling my position by friday 28th, and/or if the Low-Bollinger-Band starts to trend higher
usd/gbp seems to create a divergences as well has creating LH's and LL's on the 4hr timeframe.
Waiting for price to create another LH so I can enter short at that moment. The reason I've placed my trade there is because 50 ma holds that level very well so I am hoping that price reaches 50 ma and drops.
on the gbpcad weekly, price seems to have hit major resistance zone. Possibly a h&s pattern could occur.
Going down the daily and 4 hr chart prices has seemed to have made HL's and HH's. HH has seems to have touched major resistance zone and I now believe that price will start the create LH's and LL's if it breaks out of the trend.
Plus ma crossover at the...
I appreciate the feedback that I have been getting this past couple of weeks and something I that I been wanting to share with y'all is one of my confirmation.
I know you will do your own independent reseach on this and I wish you the best in your trading Journey.
Ps. I'm looking for a new HL point to get a new HH.