On FX:USDJPY Price is in consolidation zone and moves sideways last few days. There is no clear bias, who is in control of trend. There is significant level at 118.83; and it acts as support. Also, there is a potential Bat pattern, which will increase probability of this trade. Bat pattern gives us Entry, TP, and SL levels. T1 - 38.2% T2 - 61.8...
This is a DAILY chart of Tesla. In this time of market turmoil, please be very careful... Would you own TSLA stock? I too would love to drive a Tesla. Given the opportunity, I would go out and drive one tomorrow. But would I buy the stock tomorrow? You might be surprised at the answer. Some things to ponder without answering the question at hand - **On...
In depth technical analysis on NZDCAD - My outlook is bullish on this pair
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
Price on the weekly and monthly chart demonstrate price being at a key level (61.8%) retracement. That being said as seen on the daily time frame we have divergence with oversold on the RSI. On the opening of the market (for those day traders) price can reach 1.6000 then we may begin to see bearish PA. Our first downside target is in confluence with key structure,...
GBPUSD our psychological target is 1.6000 within this year. However our weekly outlook is to 1.5300-1.5450. If price breaks above 1.52850 then we are looking to enter at 1.52900 to our first target of 1.5300 then to 1.5400 with a stop loss of 1.52650. (HOWEVER PLEASE CHECK CANDLESTICK FORMATIONS ONCE EACH TARGET HAS BEEN MET). If price breaks below 1.52535...
Hi traders!I am long right now from 1.52260 on this. Targets and S/l are shown.Trade with care! Good luck!
Yes,it's pretty simple,but it does not mean it's not worth a shot. We can see a strong daily fib level there at 61.8% I am long from 1.08940. Good day,good trading
So as we can see price didn't got a new high but made a lower low! In few days we can see nice and fast correction move down before continuation of bullish trend based on fundamental basis!
Trade set up short on the breakout of the trendline, could have a safer stop loss at 1.55400. If price breaks below 1.5050 then we would look to further downside potential of 1.4900-1.4500. Being Bank holiday weekend in the UK i believe price would reach at least 1.5200 by the end of the trading week.
I believe price would reach 1220.0-1245.0 then looking to go short to levels 1145.0 then 1050.0. However, we would be seeking PA conformation around the levels stated. If price breaks above the weekly trend line price level 1280.0 then we would be looking to go long.
Short entry setups for the EURUSD pair. After some healthy retracement another bearish continuation of the bigger trend is expected by my indicators. Longer term trades though. For all my trades follow me on twitter! @fredericvdc The account keeps growing with my new strategies. Short and long term trade setups!
Im looking to short gold below the 1178 support level. This will be an attempt to catch price action fall to the 61.8% Fibonacci Retracement level which is at 1164.70. A failure of this Fibonacci Support level to hold will see a drop lower to the 76.4% Fibonacci support level of 1157.83. My stop loss will be placed above 1196. We are currently stuck in a range...
The NZDUSD is in a really interesting place right now it is currently trending upwards and looks like it will be doing so at least for the next few days. I am currently short right now however I will be buying and selling several times within this trend. I was long yesterday. This is an incredible opportunity with the average trade ranging from 50-70 pips....