The momentum is going down while sharp trend up.
Possible Big Right Shoulder
Grey Line = Entry
Red = Stop Loss
Green = Take Profit
Blue = Trend
Black = big support
Based on Structure's and Fibonacci confluence, channel,...
If ADP Nonfarm Employment Change is better than expected and if Fed Chair Yellen Speach drives the pair up it could soon reach 0.89048 if these things don't drive up USDCHF it could still reach 0.89048 and then there would be a shorting opportunity.
Then ==> I will open a short position...
On the weekly chart of APA (apache) the ichimoku cloud gave a medium strength t.k. cross over to the long side, how ever if the close of this week is above 94.84 (11/18/2013) this looks to continue to the upside for some time.
The Chikou Span is above the high of 94.84 (11/18/2013)
Also note that senkou span a and b are sharply rising ( the cloud)
both the...
This came up on our Smart Money Scanner yesterday. Double bottom extremes trade. This is looking like a tight trade. Good risk/reward combined with good potential for a second target.
Entry: 9.66
Stop: 9.53-1.3%
Target: 9.99-3%
Risk/Reward: 1/3
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I'm not sure if any one of you have been whipsawed last week, but Friday was definitely one heck of a trading day. That was a result of the release of...
