As outlined in the previous posts at the beginning of the week we outlined price would drop then continue it bullish momentum up to our psychological target 1.2000. We have a bullish harmonic pattern with oversold on the stochastic. Waiting for the bullish candlestick confirmation. Safe stops would be below "X" and our first upside target being 1.12800-1.13000....
At each Take profit PA must be confirmed to either add to the position or take profits. Stops should be placed around 2130.
As explained in previous post we explained that EURUSD would drop then continue its bullish momentum up to our psychological target of 1.2000. For a Day trade you can set up as follows: Short Order Entry: 1.13300 Take Profit 1,13200 Take Profit 2: 1.12800 Stop Loss; 1.13750 TRADE AT OWN RISK***
First target could be 0.95550 then our target on the extension 1.618 (0.96200) can be met. We then can expect a retracement to the 38.2% 0.95700. Stops should be placed below the previous Low.
Have a bearish Crab formation with bearish candlesticks on the weekly time frame at key resistance. Our first downside target is 137.000. Once this target is met our next target would be 134.850 then 133.400. However, once each target is met PA confirmation is required to hold onto the positions. We have lower highs which represent bearish momentum. For day...
Can expect a retracement up to 100.350-100.500 on the opening of the market then a continuation to the downside to targets of 99.900, 99.400 then 98.750. Once each target has been hit PA must be analysed before keeping positions. However, on the opening of the market price can also continue to the downside without an retracement. We must wait for the opening...
USDCAD touched the resistance level and on a daily chart closed with a doji, the breakout of the 1.2385th level will tend to go down all the way to 1.2245
Theoretical repeat of the 2008 recession scenario played out against current high of $72.74. Drop into buy zone would reach $40 with a 0.618 fib retrace take profit sell target above $60.
Dividend coverage is 94% with a 6.7% div yield Rev great than $2B with EBITD greater than 60% with return on sales at 61% Yields 11 on earnings. Upside potential to resistance levels as targets, if the one breaks then target the next. First target $14, then $16 then $18 then $22. Downside support is around $12 then just above $8.80 and below $6 to $4.
This is a pennant long that came up on our scan last week when it was only a flag pole. It has been on my watch list since then and I am now fairly confident in the risk/reward to publish. I am using both an aggressive target and aggressive entry. In order to do so I have increased my risk exposure. Not for the faint of heart. Entry: 2.98 Stop: 2.70-9.3% Target:...
Trade from my watchlist came into play. Comments on the chart.
I mentioned some points where I make my adjustments. I mean how I manage my position with tiers. When it is trending or regaining power I add to my core position but when momentum is slowing down (price drops below short term moving averages) I lighten up. Check out my recent idea "cup and handle" to figure out my thoughts.