THE WAVE CORRECTIVE STRUCTURE IS FINALLY ABOUT TO BREAK. ONCE IT BRAKES PLACE A "BUY LIMIT" ORDER AT THE RESTEST! TELL ME WHAT YOU THINK
I think that the USDCAD can continu his movement until the monthly resistance at 1.340, we need a daily conformation for the break of the daily resistance. Nice trade and good luck
I think that the Gold probably will go until the weekly support at 1250 then maybe to the monthly support at 1200, we can see the break of the trend line from the begging of the year 2016, we need to find a good entry for a short position. Be careful and good trade :)
Reasons to buy: - Departing weekly demand zone - Down trend line broken - 2 x stacked 4hr demand zones - Favourable risk to reward - Clear path to Daily supply zone
Daily timeframe. Rebound from the 3 year down trendline. Waiting for a breakdown of the countertrend line and support. Stop placed above the previous price action high and long term down trendline. Target is the next support level and previous low. With potential further targets at 0.7351 and 0.7179.
REASONS TO SHORT: 1.THE BIG DAILY CHART V-PATTERN STARTED FROM LAST DEC. 224% OF XY WHICH IS 2193 HAS ALREADY ACHIEVED. PULLBACK IS EXPECTED. 2.RSI DIVERGENCE APPEARS ENTRY AREA: 2185-2195 T1: 38.2% 2115 T2: 50% 2091 T3: 61.8% 2069
USOIL broke a strong TRENDLINE and refused to pass a weekly level! so we are heading down 38% and 50% on the monthly fibs
FOR THOSE WHO ARE NOT IN TRADE YET SHORT SL. TIME MANAGEMENT AND RISK MANAGEMENT MUST BE APPLIED
Horizontal movement this stock looks good for swing and position trades. Or as an option trade straddles and strangles. However one interesting aspect is that the OBV is in a trend upward, precluding an long run trend.
NZDUSD has been in a downtrend on the Daily chart for a very long time. We may be in the middle of another retracement giving us a great opportunity short into strength. This will be a Huge trade and would require a 350 Pip Stoploss. But the Reward is over 1,200 Pips. This is an excellent opportunity for a Position Trader as it will take months to play out. I...
Possible short opportunity coming up, I predict the £ will see more weakness as we run up to the EU referendum. A break of 1.41 will confirm this short position for me. We have already seen a break of the ascending trendline and support break.
We can clearly observe a bearish rising wedge on oil.
daily opened quite nasty and not at all bullish any longer. Longs closed and looking for reasonable shorting op somewhere between 2400 and 2500... Happy Tarding!
uptrend is ending for the hour high are being tested the stochastic is also confirming my decision.
Due to the fact the price didn't break the upper line in past and went slightly downward so here is the update to the chart a new opportunity for long position another break setup so nothing else i'll update once i see something new...