Recently saw a nice pullback into the structure zone (blue rectangle). RSI went overbought on first move. Got a potential double top in this area where also the 50 % retracement lines up. Additional confirmation would be RSI divergence. OR: There is a chance we see a new high into the 61.8 retracement at the top of the blue box, so be prepared for both...
After yesterdays setup we broke structure to make new lows. It is therefore important to stay in the opportunity flow of the market and stick to your trade plan. If we reach level D we get a valid cypher pattern formation for a short entry. Stops above X. Trade your plan
Resistance cabe found near the 0.7210 region and this zone play a role as my SND as well. Any chances that the market come to the blue box region, I would short with a stop near 0.7240. If the market close higher that 0.7240 with a strong upward shaved bar, my MT Bearish Bias would be negated.
XAUUSD been going sideways since beginning of the week, a strong rejection from 1240.00 region. SND & Support found near the 1215.00 region. A volatile sideways trend, thus, preferably to short near the top and targeting the 1215.00 region.
Bullish Bat Pattern on the $EURUSD. The entry level aligns with the Daily 38,2 Fib Retracement of the total swing. Stops have to go below the 1.0600 Trade your plan!
Hey Guys, Here is a chart from BMW it was in a very nice uptrend. Now we reach an interesting level of support. If the stock close under 83, I'll be very bearish.
The past two weeks this pair has been fairly difficult to predict as on the daily time frame we still appear to be in a range. However what I have notice on he 2hr time frame , price seems to be in a up trend with high highs being created and higher lows. 122.000 seems to be a stalling point currently if we close above 122.000 on a 2hr candle , price may possible...
$usdcad moving into a channel. Long position in mid-term.
My bias currently mid term for this pair is short , after seeing the confluences highlighted in the chart above. Today we had a potential false break out on the 4hr chart , which also broke past my descending channel. If we see a strong bearish close on the 4hr chart & we are below 116.000 this pair can still be classed as bearish. The daily candle is also...
If it breaks the Trendline theres a buy. Strong Company in german Real Estate with 1yr performance of 9.5%. 3 year performance 77.7%.
Lets See if US Presidential Elections Confirmation+XMassss+End Of Year will Surprise US As per Long-Term prediction still holding LONGS Now for mid-term will test out few SHORT Positions. Merry XMASS and Happy New Year :)
Two possible advanced patterns in form of a bullish cypher and a bullish bat lining up above previous structure support giving us a decent buying area.
Bullish Bat Pattern within Trend with potential double bottom For further confirmation wait for close of 4 h candle and a potential double bottom. Stops below X. Targets are 38,2 % and 61,8 % retracements as shown on the chart. TRADE YOUR PLAN! Peace. Felix Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
After the break of the yellow triangle to the upper side and above 5200 Yuan, we are stuck in a ascending triangle. We have a big resistance above the 5350 Yuan level. We have to break the 5450 Yuan level before we can go up higher in price. The next big support level is around 5100 Yuan. After a possible downward move the price should trend up on the turquoise...
Currently see a retracement into previous structure which now should as support. Stops below X. Because we recently saw a new structure high I am shooting for advanced targets for my second position. TRADE YOUR PLAN! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Hello, Based on graphics, here's a fresh, simple short-/mid-term analysis on Brent Oil . 1st target: Brent at USD 66/barrel (+32% if compared to October 1st quotation) 2nd target: Brent at USD 80/barrel (+60% if compared to October 1st quotation) Note 1: Weekly-based Note 2: Inverse Head-and-Shoulders Note 3: maybe there will be consolidation between USD...
In July 2015 VXX broke out of a curving downtrend for a great return in about a week. Now this past week it is continuing to replicate the same pattern held in 2015. My thoughts are that it will drop to $12.80 and then spike to a possible $26.00 if it follows the downtrend drawn.