These spikes are starting to show strong rejection. There is a trend line bringing the price up, and with a change in the head of the Reserve Bank of Australia, anything could happen. The blue rectangle represents the unknown zone. I would suggest targeting the short term short, and put your stop loss at the top of the blue rectangle. If the price closes above...
Grupo Financiero Banorte SAB de CV(BMV:GFNORTEO) are dancing across the accumulation zone started in 2013, at the weekly graph are in the top. If we see the daily graph or the 30min we can see the overhead stock.
Target 1: 85.5
Exposed in local currency MXN.
Strong bearish channel found with a clear shortfall. This channel is about to burst and a breakout is imminent. Considering the bearish shortfall, a bearish outcome is more probable. Shorting here makes sense. Waiting until breakout is confirmed by a closing candle outside the channel is the prudent thing to do. Stop loss around 59.00. Expect a pullback/throwback...
SELL SAIGNAL FOR LONG TERM .
POTENTIAL RETURN TO 1/15
TARGET PATTERN DOUBLE TOP
TARGET RECTANGLE OR SUPPORT ZONE
CLASH TO LINE OF UP TREND IN LONG TIME
Please note TO NEXT analysis.
MORE DETAILS TO CHART
THANKS
Hello Traders,
After seeing FX:GBPUSD consolidate within a range for the past 30 days, we have gotten the emergence of 3 Simple Chart Patterns that could present us with good opportunities to LONG on this particular pair. I have color coded all 3 Chart Patterns in the chart above, just to make it visually easier for everyone. I will walk you guys through...
Last week the dollar finally traded in line with fundamentals again, with the Dollar Index gaining four out of five days. There had been a strong bearish sentiment surrounding the dollar for the last couple of weeks, helped by key data points coming out unfavourably and when a currency is fundamentally bullish, but sentiment-wise bearish, the result is choppy...
$ROSE is lower after earnings. Looking at the weekly chart it is range bound in this big rectangle. 16$ is support from lows in late January and mid March. 16$ can be a short targets because of it's snap back rallies to the top of the range. The top is only two weekly bars from the January low and it was above 25$
The breakdown below 32$ in November of last year...
1. Rectangle pattern (buy low sell high)
2. Strong support
3. WW pattern wave 4 almost complete
4. Symmetrical Triangle within WW
5. Play the range
6. Break and close (D1) of support signals SELL OFF
Target 1: 1.2605 Take Profit: 1.2690
R
Hi all Fellow Risk Takers,
Here is an update on the "Preemptive Break Out Idea for DirecTV"
PREVIOUSLY
The main concept was to enter long DTV when price was cheap at $84.00, trusting that support buying will come in and push prices higher, leading to an eventual Rectangle Pattern breakout.
Three Scenarios, labelled A, B and C were projected.
Worst case...
This continuation play is somewhat related (call it the prelude) to the trade idea linked under "Related Ideas". After the strong US jobs report on Friday, this pair became instantly bullish and gained 185 pips. We now have a bullish rectangle developing on the hourly, which could serve as an entry pattern for a continuation of the trend. Inside the rectangle...
Hi all Fellow Risk Takers,
Here is an update on the "Preemptive Break Out Idea for DirecTV"
(1) The main concept was to enter long DTV when price was cheap at $84.00, trusting that support buying will come in and push prices higher, leading to an eventual breakout.
Three Scenarios, labelled (A), (B) and (C), were projected.
Worst case scenario (C), where price...
Hi Fellow Risk Takers,
Here is an idea that is more complicated and may not be suitable for novice traders or the faint-hearted.
It is essentially a “Pre-emptive” Break Out idea and it requires guts and precision to execute.
(1) DirecTV (DTV) has been trading in an accelerated up trend line, from March 2013 to May 2014. During this period, price has risen from...
IP has been trading along an uptrend line, from June 2012 to June 2013, reaching as high as $48.68.
However from June 2013 to now, price has been consolidating sideways between $43 to $50, for about 15 months. This is essentially a very clear Rectangle chart pattern, which indicates a pause in the upward trend in , with an intention to resume the uptrend in...
