after price Break 131.230 , it's time to go long win price have first bul back
GBPUSD hit the bullish orderblock. Confirmed when we saw accumulation on the hourly and 15 minute charts. Long entry will soon make itself known. If I see it, I'll post it. NOTE TO SELF: If not, I'll be happy not trading this. I don't need to trade every single opportunity. I just need to trade the high probability ones.
Some remarks on the price evolution of CS Credit Suisse stock was in a downtrend which ended with a selling climax (SCLX) on February 11 this year. After that CS showed signs of being accumulated. The Brexit vote initiated a huge shake out. During this shake out it broke below its trading range, after which it trended back up into the trading range. Here it...
Looks like we've an extended wave C. There is a ending diagonal triangle which suggest a trend reversal. Also you can see the bullish divergence de RSI is offering us. Notice that the price has broken the strong resistance around 11.54 levels. I thing this is just a market move to clean all easy longs around that price before the next bullish rally starts.
After the triangle we shoud expect a bullish rally till around 58-62. We are in the third wave (iii) within the major wave III. You can also see how the RSI is making a strong bullish divergence
Double bottom, followed by strong buying and a pre-breakout structure. Anticipating a breakout to follow this structure with 3 possible target areas, the first one being the high probability one of course.
LONG POSITION IN GALP, FROM LISBON. TIME FOR THE PRICE TO COME UP AFTER THE MASSIVE DOUBLE FLOOR IN PREVIOUS MAJOR WAVE. ALSO AN ENDING TRIANGLE. WE'RE ON THE FIRST MINI WAVE WITHIN THE FIRST WAVE.
BUY AREA : 1.1236 SL : 1.1229 TP : 1.1241-1.1250
Between 42.60 - 44.20 is the range to be retest for its support strength if Bullish is valid. If it is valid, I would enter from those levels and target for Target D. With Scale in strategy. From the Fib levels that is bisect with previous high.
Eventhough Friday closed down on wide spread it is a quite bullish signal. Why: because all of that wide spread was backed by low volume which in Wyckoff law of effort and result is little effort resulted in strong downmove which is an anomaly, some would call it false breakout. To back out theory of false breakout we have low volume weekly downward movement, if...
Bitcoin has been giving bullish signals, i have had many different indicatiors giving me confidence in this long position. i have actually been bullish since closing my short at 593-595 range, just wanted confirmation on different time frames. Taking fundimintals into consideration makes this position solid. the ongoing global economic slowdown, continuing US...
Buy area : 1.2646 - 1.2451, SL 100 pips below support 1.2446, target : 1.3000-1.3118