Looking for a $10 per share move since this appears to be a double bottom bounce.
This is a risky play, predicated on a bounce play off previous support. This is also reversion of the mean pertaining to the large selloff two days ago.
Believed the GAP would fill, went long at .93 and swung trade this stock to 1.25 today closing the position out.
FX:NZDJPY Falling Wedge Buy after Breakout Target 700 PIPS More I will write later!!
EurGbp, head-shoulders suggest a target of 0.76- 0.77- 0,78 the upside has also given rise to what looks like a head and shoulders figure >!!!
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
After being in a flat correction for the last few days it's time to keep going up after the last impulse and the continuos divergences in the downtrend.