The downtrend seems to be coming to an end. Wait for a positive reaction to the L line of pitchfork or trend line, then you can buy. Set targets according to the chart.
I have been looking to increase my position in Vertcoin for a while now and really like the chart set up so I am going to be adding in the next day or two. Just in case the price moves against me I will be placing a stop loss about 25% below my entry price.
Got a buy signal from my system - i'm in. Best of luck :-)
Hey guys, hope everybody is fine. First of all, we want to apologize for not being active for the last couple of weeks, as we are currently updating our website. But we will start from today updating all charts. :-) Okay, so let's start with a possible long trade in Gold. As you might know gold and silver are in an intact long trend and we are expecting gold to...
Hey Guys, we are expecting a long move as a correction, to the upside. We wouldn't take any short positions for now as the market could be in a wedge formation which could eventually break to the upside to start a correction to the upside. So be careful with short positions as of for right now. Trade with care and always use a stop loss while trading and never...
Hello guys, What do you think about this wave analysis? It seems we are on the beginning of the 3rd wave hear (the biggest move according to Elliot). ABC retracement is completed between 0.382 and 0.5 fib retracement levels. We can see the pair gaining more volume on 0.5 fib level with the huge bullish candlestick. Even though I am already long on this trade (see...
As you can see, today's candle is engulfind yesterday candle in a bullish manner. You can wait for the end of the day to confirm if the candle will remain bullish engulfing or like me go long and get out of the chart.
Buy at current price Target 1 - twice the SL Target 2 - 0.71 Target 3 - 0.7160 SL - below 0.6950
As shown, Spot Silver on the daily chart is trading near crucial support at 15.85-16.00 (Horizontal support). Daily chart shows double positive divergence. Also, Dow theory sell confirmation would be only below 15.85. In a nutshell, as long as above 15.85, one should look for a reversal sign to go long with strict SL. Risk-reward looks awesome here!
1. Look for price to go down to the 2nd support level of .5. 2. Price may retrace 2 times at .5 & .382 before the big breakout "Long" 3. Regardless the price will break through the channel by 5/30/2016 4. The Uptrend will start once this happens. 5. If the price does this look to enter between 1.30028-1.29700 on a"Long" 6. Profit Target is between (A)1.31439-(B)1.31266
FX:AUDUSD In this trade we can see a nice preceding bullish trend heading towards an area of resistance, next we see a nice pin bar candlestick which tells us that the bullish power might be transitioning to the bears. Confirmation is needed for me, so i executed a breakout entry below the low of the pin bar candlestick or also called Indecision...
We wish that our analysis could be helpful on your trades. Here is an update for USD/CAD, envisage for PRICE BREAKOUT. It would be a great idea to BUY on 1.30810 and place your TARGET at 1.30947
A nice correlation trade between GBPJPY and USDJPY is forming. The two pairs are currently trading with a spread of 550 Pips, the widest spread since the end of January. Our algorithm is giving a 79% chance of GBPJPY coming in and a 74% chance of USDJPY rising. With that said we will be going Short GBPJPY at market and Long USDJPY at market. NO STOP will be...