Price looks heavy and is at the moment trying to break through the 1.0400 handle for the 4th day in a row. On the 4 hour chart we can clearly see volatility decreasing towards the level indicating a possible squeeze.
As I see it now there are 3 possible scenarios.
1. Price breaks through 1.0375, re-tests the level and sells off towards 1.0310 or even 1.0250.
2....
Despite the binary expectations of analysts (if HC wins long, if DT wins short) we saw an amazing rebound followed by a green day. Apart from the unexpected price action, the MACD is also giving a buy signal. The 200DMA and 50DMA haven't crossed over, and thus I don't think this is the top. I would not be suprised if the price were to reach previous ATH or even...
We are seing a pre-breakout structure forming and a possible breakdown of the corrective structure if this breakout manifests. Trade idea is pretty straight forward, entry close to the top of the corrective structure in cas of a pullback or a breakout-retest entry.
Short term target for me would be around 48.25 and longer term targets 47.70 and 46.00.
I'm still a noobie, so any input would be well received. I'm long MOBL late on the upswing during today's power hour. Entry is 3.61, 500 shares but looking for a clear breakout above 3.62 to 3.65 even though the HOD today was 3.75. Will sell into pre market or potentially hold into market open. Guidance on this ticker was elevated for an October 27th earnings...
Double bottom, followed by strong buying and a pre-breakout structure. Anticipating a breakout to follow this structure with 3 possible target areas, the first one being the high probability one of course.
Apple is a gift at these prices (115+)... to short.
Historically, September - November has been a horrible time to be long in the market during an election year (going back to the 1940's).
To say AAPL has been a little frothy this week is an understatement. This should be seen as a gift to either book profits and/or short at this price and time. We had a taste...
Possible pre-breaout setup on the 1 hour chart. If the sellers manage to produce a breakout and stay in control an initial move towards 1.2945 is likely and if that level folds, 1.2870 would be the next level to look out for.
This trade requires EURUSD to pull back to be able to increase risk-return and place s/l properly. Wait for pullback and bounce off the 1.1200 area for confirmation. Confused Fed and summer time for EU gov's are good combo for EURUSD to test pre-Brexit highs.
Very tight and confined pre-breakout sructure on the 1 hour chart. If we get a breakout to the downside a move towards 111.000 is likely. A breakout to the downside is more likely in my opinion. If we on the other hand get a breakout to the upside we should see a move at least towards 114.500 (red arrows). A conservative play is to wait for the breakout and enter...
The correction following the last strong sell-off has taken the shape of a pre-breakout structure indicating that the sellers are planning on taking this pair further south.
First potential target is 122.000 followed by 120.000
