Hey guys,
this is my view about copper, I will wait for a pul back and price deceleration before entering long.
Depending on how price will behave around 2.4500 I will decide if entering straight away or, should it break 2.45000, I will wait for it to pullback to 2.28500.
As always, wish you good luck!
On Balace Volume (OBV) shows that interest may be back in this great asset manager, which saw positive capital inflow as of the latest quarterly report despite an overall negative trend in the sector.
When volume rises, price generally tends to follow.
Noteworthy is also MACD which just crossover its signal hinting at a possible change of long-term...
Hello traders, price decelerated nicely into the 0.7270 support level, meeting also the bottom trendline of the current bear channel. 50 EMA very far from current price so I see only 0.7350 level as possible resistance.
Keeping in mind tomorrow's NFP, I will be ready to catch an upward acceleration.
As always wish you good luck!
Greetings traders!
I will be entering short on EUR/CAD as the price decelerated and rejected the 50 EMA, 0.5 Fibonacci level and MACD divergence in place as well. This looks like the first pullback of the trend started on 10/10, breaking out violently from the ascending wedge, suggesting a continuation of the major trend that started at the beginning of...
We have a channel structure based short position with some MACD divergence.
I actually took the trade on the 1 hour chart on the break an retest of the symmetrical triangle. Target is the yellow rectangle zone.
Will add to position at the previous channel line IF we retest around a 618 fib retracement.
Reasoning:
-Support lines + previous structure on that level
-Fib level
-Support line on RSI, crossing MACD
Time for GBP to finally bounce up a little?
Watch for LNTH to make a move back up to past resistance around $9.70, Price has just broken above the resistance line and it is also just above the 50ma which has been acting as a dynamic support for quite some time. Also volume has been increasing, MACD looks like it is soon going to crossover and the Squeeze Momentum indicator is currently bullish.
On my chart you can see a nice bat pattern + MACD divergence which is, from my point of view, one of the best signals to trigger changes in the trend. Though its still forming, my idea is to buy this pair after the breakthrough of 1.1000 level (and fixing at least one 1H candle above).
I put my SL order below the support level of 0.0950, TP order is several pips...
MACD cross over and oversold RSI at strong support level at 1300-1310. along with inverse head and shoulder pattern forming. Expecting a move to 1380 minimum if pattern is completed, especially with uncertainty in risky assets.
CRM is currently leveling out around the $73 mark. The past pull back was only to $73. This is a key level of support for the stock. Also, the MACD is curling and could break through. Either way this is a key level. Bounce = Buying opportunity, Drop = wait/selling opportunity
www.trendyprofits.com
Gold Had a huge rally starting around Jan 2016 and has been trending up ever since.
We are currently in a pull back but still within the bullish trend channel.
I am currently short on gold but i am waiting for price to hit the green price zone around $1316-$1300 to see if I
should add more shorts or start to think about longs depending on price action.
We...
