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.
Am expecting price to at least make another attack on 1.08600. Aiming for an entry around 1.0895. If 1.0860 fails, next target would be the support area around 1.08260-1.08059.
The same pattern is visible on all GBP-crosses this morning. Strong counter trend impulsive move closing below/above swing high/low, indicating the counter trend players have had enough and want to see a stronger pound. If this structure holds and we see a pullback towards the short-term corrective structure top I am looking to go short around 0.89930, targeting...
shes hitting resistance and ready to shoot down!
Correction forming underneath a strong resistance zone. Will be going short on a pullback to 0.9670, targeting 0.9655 primarily. Extended targets are 0.96350 & 0.9595.
The bullish mid-term trend seems to be coming to an end. Price has created a new lower low and is now consolidating within a small corrective structure which I assume will be followed by a new strong move south. Was not able to get in before the London open but am hoping for a retest of the small resistance zone and am aiming for 0,86100 as a primary target and my...
1) BULLISH CHANNEL 2) BREAKING MINOR SUPPORT 3) ON A PULL BACK 4) CREATING A NEW LOWER HIGH & More... I would expect price to rally to at least 10624 as we are on a pull back.
Selling into resistance. If this zone holds my initial target is 1.30000-ish and if that level folds I am looking to hold my second position until 1.2880.
NVAX is currently expecting some volatility in the near future given by the prices of these options. Here is one with 43 days to expiry with a 46% margin or error! These incredible numbers translates into 15% cash on cash return in 43 days if not assigned! The delta of this option is at 16.44 which means for the writer or seller of this option, you have a...
1) Supply & Demand taking place 2) Retest of major and historical resistance 3)Within a a bullish channel which is ready to rally and break out. & more.. Expecting price to rally back to major support/ supply zone of 0.8752 Leave a comment, like and share.
Great premium income opportunity. Details are on chart.
on Friday i sell but TP in 15-min chart For a daily chart, it will continue to go down. If it a head and shoulder pattern. it will go down to LOW with 1.0950 and it confluence with fibo projection 1.618 with wave 3 TP But now it stop at the support line of 4H chart so waiting it to confirm because it may go up for reversal.
1) BROKEN A DESCENDING TRIANGLE 2) BREAKING A MINOR SUPPORT 3) ON A HOURLY PULL BACK FROM RESISTANCE & MORE... EXPECTING PRICE TO BREAK AND OPEN BELOW 1.1237.8 BEFORE WE CAN GO FOR A QUICK SHORT. LIKE SHARE AND LEAVE YOUR COMMENTS BELOW.
1) Intraday market direction is short 2) In a Bearish Channel 2) TestIing minor resistance of a 50% pull baack 3) At the beginning of forming a new HL & more.. Expecting price to rally down to around 1.3209
1) Bullish Channel breakout 2) Failed to create an extra HH & LH 2) Within a Mid range consolidation 4) Double top formation on the daily 3) Mid range consolidation Support/ Neckline broken Expecting price to rally down to around 10145
WTI has seen continued resistance on any rallies of the previous weeks. The most recent move to the upside found a cap at the falling trend line, with a solid bear candle following. If we see a move below the EMAs, then this would open the door to the downside, with potential for moves back down into the previous congestion zone around 39$.
Looking to sell if price pulls back into the resistance area between 1.543 - 1.547. If this zone holds we should primarily see another attack on 1.537 and 1.531. If the sellers are really happy and the buyers remain defensive a move towards 1.511 is not unlikely.