Price will test Support trend line area - 0.7700. Close above the trendline could present a Long opportunity: Target 1 - 0.7770 (82 pips) (Only take this trade if the Support trend line holds when tested!) Like and Share your views below, thanks.
Been a while i posted charts. I have been away perfecting my charting skills and testing to see if they prove to be working. So far my guesses were increased in their success. Recent one was that many indices (US and around the world) showed topping and head and shoulder formation is in many. I sold part of my holdings on the recent tops (for Russia, China and...
Trading today has been bearish for the stock as people take profits near resistance. However, the Chaikin Money Flow (CMF) is above zero which says the bullish trend is still in effect. The CMF operates regardless of how bullish or bearish market participants may opine to be one day or the next. As seen on the chart the trend remains upwards as the CMF is above...
GBPUSD is in a long term down trend. Price is currently trying to make it back up to the trend line which would make for another good short opportunity. Long term trend line confluence with the R1 Fib pivot level. Please trade responsibly.
$TSLA has a lot of resistance at the current levels. However, if Tesla can reclaim the 50 day, it is a sign of strength, and could lead it to the next high of ~$320. A reclaim of the 50 day means: Gap is almost filled, $245 resistance broken, regression channel broken, and of course the 50 day is broken, leaving only $265 resistance, which isn't as strong.
US30 LONG opportunity is here after a 5%+ dip Trade parameters: - Buy the 16250 - 16200 zone - Stops Below 15973 (2014-2-20 low) - Target1 16700 - Target2 a new high above 17148 Reasons for the trade: - Market dipping below 200dma channel low (16303), where dip buyers should emerge - Market retracing 50% of the 2014 range at 16242 - Market touching the Weekly S1...