Based on my point of view
- this pair is in compression zone where supply=demand
- this pattern most probably will break the top wedge and going to the fresh supply zone
At the Supply Zone
- wait for rejection/continuation at the supply zone. (Most probably will break it based on my point of view)
- if continuation forms, go long to nearest supply zone
Who will get the better of the buyers and sellers in Google?
The company is solid, the balance sheet, the statement and the revenues show it. There are also many projects ready in the near future to increase turnover.
We have the alerts ready in case...
A Value Area is a area where both buyers and sellers BOTH AGREE that the current price of the "Currency" , Stock, Commodity, Etc is a FAIR PRICE!
Eur/Usd is in one of these areas and a breakout is about to happen *MOST LIKELY TO THE DOWNSIDE* (See Daily Chart)
These Value Areas are some of the most fun and powerful trades any breakout trader could ask for...
Clear rectangle with bullish breakout, in which the gap could be compensated by a price recovery so as to greatly raise the Risk Reward. If it were to go to target could be one of those trades that make the profit of the year by covering a good part of the trades in loss so as to greatly increase the Profit Factor.
What would I do when the price comes close on these two clear levels?
I will be on the side where the statistic gives favorable results.
If you are curious soon you will receive information that you can use to learn how to trade in the financial markets.
Trading is not particularly difficult or unusual.
A company also trades: on products, on services, on...
AUDJPY did create a topping pattern at resistance. We then broke below a support level on Friday with a very strong red candle indicating the strength of the break.
Unfortunately this happened on a Friday. We will look for follow through for the upcoming week. Will await either a retest of support now turned resistance, or look for a lower high to be...
Amazon has had a great run. Its earnings are constantly growing. But, is it worth 1943 per share? Doing a DCF valuation of AMZN using 32% growth sliding down to 7.5% after year 15, I get a value of only 1609 per share. I think AMZN will trade inside of a rectangle with upper and lower bounds as shown. If your a buyer, wait till it hits the lower rectangle...
The Euro is getting a bounce after what the ECB has said (more stimulus, cutting rates further negative) was already priced into the markets.
We have a nice EURCAD set up which may even provide an entry for next week.
First of all, we had a fake out candle already. Price tried to break below the 1.4615 level, and reversed producing a large fake out wick. This is...