The price touched the resistance line 1,26325. The volume is slowly increasing during the last week. We expect the price will descend to the support line at 1.24491 and it will bounce back to break out the resistance line at 1,26325. Let me know if you like our idea and if you have some different opinion, write in the comments!
Dear traders GBP/JPY has broken strong resistance and it will continue to rise after it touches broken resistance( a support now). this trade has a geat R/R, I hope you will make lots of pips. push like button and follow me if you enjoyed my idea.
Good Day Traders... HERE'S A LONG IDEA FOR DXY * IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT.
Recent IPO setting up nicely here for a potential swing play. Like it long over Friday's high with a stop below Wednesday's low. Will be looking for a move back up to the all time highs around $55ish.
EURCHF is continuously trading in channel pattern since very long time as you can from the chart. This might continue to trade in channel pattern. One can take a trade for long term or short term with channel support and resistance line as stoploss for small pips. Like/Comment/Follow For More Idea Note- Trade With Proper Risk Management System Only Thanks
Discussed that NYSE:IAG may have bottomed two weeks ago. And price action in last two days on very heavy volume supports the fact that it really did. Now it is approaching resistance zone and neckline of inverse H&S. Might rest for a while, but when resistance is cleared, nothing should stop the rally later on.
NASDAQ:PZZA is attempting breakout from triangle pattern. With potential double bottom, it may lead to nice rally for the few months to come, with targets ranging from 60 to 75$. Aggresive stop @ ~48.5 should hold if the breakout is for real.
NYSE:GE is not the stock you probably want to own given all the heat experienced by the company recently. But from contrarian perspective, nice levels right now to attempt speculative buy. Price retraced by 61.8% of previous bounce and is holding the line of previous resistance. Today may be the third daily candle when 7.8 is held, indicating that good support...
NASDAQ:RGLD is one of the leading stocks in gold mining industry. It started major rally earlier than majority of other miners last spring. And was one of the first stocks to caution that pullback is likely in AMEX:GDX in January 2020. Right now it sits right near major support level, and in bullish scenario this is constructive level from which new leg higher...
NYSE:AEM is punished after earnigns release this morning. However good level to attempt low risk entry as price is at major support zone right now.
NASDAQ:BBBY price is destroyed this morning, based on some ugly sales numbers for the chain. However, stock was more than punished for all the problems in recent years. So key question is whether future turnaround would be succesful? If it is, now might be actually good time to buy, and technical picture potentially supports it. If inverted H&S would be...
Few weeks ago I mentioned that NYSE:IAG is in good area to make a bottom, and based on recent price action, good odds that bottom is already in (for bullish case to be valid). Major potential inverted H&S in the making and should not really go below 2.70$, where I am also placing my stop
Week ago discussed that NYSE:AKS looks promising for low risk entry as it touched various support lines. Today, it appears that stock is breaking out of its bullish flag or "handle" in what appears to be cup&handle formation. Do not expect strong rally immediately, but should continue working higher in the upcoming weeks
Did not fully work as planned on first recommendation, as price continued to consolidate in what appears as major bullish flag. But today on earnings release, we finally got strong follow through. Still needs to clear resistances ahead, but overall looks promising as a major turnaround play this year.
NYSE:SQ is attempting to break out from consolidation pattern in symmetrical triangle. Strong volume pattern in recent days and strong relative strength vs S&P-500 since the start of the year (and esp. on recent down days), suggests ithat significant rally may follow