Time frame: weekly Major support area – possibly good place to look for a long position valid as long as we won’t get close below the low of 1.4812 Very attractive RR ratio – SL somewhere below 1.47, 3 possible TP targets as marked on the chart. Good trading and good luck! Arek JP
Correction trend line was broken we wait for down trends
LONG or SHORT see the chart 60% Short 40 % Long Long if 2520 SL 2459 Short if 2478 SL 2520 edit-- LONG 2520
Possible mid term wedge formation, could signal down trend continuation on it's completion. Alternatively we break it right now with this current short term up trend and continue upwards to test further resistances.
The Dax has finally covered the gap and it is moving higher this morning back to normal levels seen before the fundamental news of the Scottish Referendum which would have a massive effect on the European and German market. I do believe that this will cover the gap and then begin moving downwards. I have set a very short SL and have a very healthy 2.38:1...
Amazon has been performing below investors expectations for the past few quarters and the investor sentiment is starting to turn sour as expectations are not being met in time. From a technical aspect the Descending Triangle is proving a trading opportunity with a INITIAL TARGET of $313.91, the Elliott Wave formation also supports this trend. UPWARD BREAK @...