Find Winning Trades In Seconds >> efcindicator.com (Special Discount) SPDR SELECT SECTOR FUND (XLF): All The Pivots, Supports & Resistences
Find Winning Trades In Seconds >> efcindicator.com (Special Discount) GENERAL ELECTRIC COMPANY (GE): Pivots, Supports & Resistences
- price rose to previous high and failed to break it - multiple touches - take trade to the 50 fibonacci retracement - SL: 7-10 pips above today's high - risk/reward: 1:6 - pips gained: 28 pips
Channel line represents key resistance area with pricing holding at that level. Possible scenarios: Target 1 represents 1.272 extension which coincides with lower pivot high Target 2 represent measured move break of prior trading range which also coincided with highest high S/L: Around 10 pips below wick of strongest bear candle @65.54 T/P: At pivot highs and...
Breaking through the important pivot level of R2, the USDTRY continues to rally of the back of expected interest rate hikes. President Erdogan's monetary policy comments had little dampening effect with the USDTRY skipping past the key 4.38 level. Will Turkey's Central Bank be able to manage the current levels of inflation in the short term? Trading Forex / CFDs...
sell audjpy to the bottom of channel . Best of luck :-)
The reason i look to sell is becuase CHFJPY in price action resistance zone and fibs resistance. The best setup will be after a false break as you can see on the chart. Best of luck :-)
I last analysed AAPL on 18th March and my conclusion was that I would wait for a break above the February pivot high before considering a new position on this stock. This has not occurred and, despite the buzz and excitement around Apples latest earnings announcement today, I will still be standing aside until I get confirmation that this high has been taken...
MSCI has been a good preforming stock over the last few months. It broke the 2010 high ($40.79) in late 2013 but retested this zone three times before beginning its latest trend up. It was not until the break of the 2014 high (in early 2015) that it became of interest - which coincided with a break above the $50 half figure. The March pullback (to the 50sma) was...
DST has a couple of good continuation chart patterns going on. A cup and handle formed below the $100 figure. $100 can often be a strong resistance/support zone. But once price broke through (and confirmed the cup and handle) this chart pattern suggested price could go higher. More recently price formed a double bottom - another continuation pattern suggesting...
AZO has been a well trending stock for many years, especially since breaking above the $200 zone in 2010. Despite the great trend I would not have traded this due to the low volume. I generally prefer stocks with much higher volume to help aid liquidity (although AZO has done exceptionally well without adhering to this criteria). And now the stock is pretty...
While I love the products AAPL isn't a stock I like to trade - the pullbacks can be too deep (as I have mentioned on previous posts regarding Apple). So saying, the latest pullback hasn't been too bad and I may consider a position on this if price swiftly breaks above $133.60 (the recent pivot high). The recent countermove has stayed above the 2014 pivot high and...
I last looked at FSL a couple of weeks ago on the second gap up after the break of 2014 pivot high. This gap up on 13th February was not a convincing one (due to the indecision candle) so the subsequent pullback was not unexpected. However, the gap did not get completely filled - and yesterday's gap up (on higher volume) comfortably cleared the most recent pivot...
HRL has struggled to comfortably clear the $50 half figure zone. It is not a great trending stock - it has been a little erratic in the past, despite its overall uptrend since the low of 2000. The November 2014 to February 2015 consolidation tested $50 time and again - even though this zone had already been retested through August - October 2014. More recently...