Clear blue water now for the upside after clearing resistance originally established in August 2015? Wait and see.
Will Nomad breakout or form another shoulder to match the other side? Time always tells.
The stock rejected of the resistance and 200 EMA line it needs confirmation to retest the upper top, it might be false breakout so be-careful be sure of the points then enter.
EURGBP H4 - Big reactions at these supply zones recently. Could form a double top for a 4th rejection before selling off. Little more upside gains before melting. Covered this in the video analysis. Obviously be aware of comments from Barnier later today, could swing this a little bit.
EURAUD H4 - Corrections now being seen on AUD and NZD. Fibs acting as resistance here on EA, looking to find resistance almost around current price, or around our final 618 trading zone.
395 resistance from Feb 2018 has now been broken although the breakout is slow so far.
USDCAD H4 - Looking like support is threatening a breakout. Ideally want to see a pullback to 1.35 after breaking support to see if we can jump in with shorts. Just need to be mindful of fib pullbacks for when we look to set a new LH, because this could end up in the 1.35500 region based on the sequence so far.
Even space travel was affected by Covid-19, but now it seems Virgin Galactic might head for the stars. DYOR
EURJPY H4 - Adjusted the order details on this one and moved it across, we bounced nicely from 121.850 up to 122.500, so a solid 65 pips and 1 to 2.6R, but failed to break the resistance/double top. Still have a nice bullish flag trading above the S/R zone of 121.800, so as long as we are trading above this zone, we are bullish. Just need to break previous highs...
USDCAD H4 - Super strong bounce from that 1.35 handle, played out really well, incredible RR, one of those zones we said to definitely wait for. As we approach 1.36100, we want to look for possible resistance and short setups.
There are currently no strong factors supporting the recent fall, so I suppose it is a correction after an amazing run in the last 2 weeks. The Fibonacci retracement from the last impulse point, as well as a powerful trend line may be factors for some nice earnings on July 23 To sum up everything, for me it is a STRONG BUY from 2900. It is a technical and a...
UBER did not have the best run since its market debut. Price was slowly declining after IPO and the current market cap is $56.91B. After hitting bottom in March, investors became interested in buying the cheap stock. Most investment funds and banks have price projections from $45 to $54 since then. UBER has also started to diversify its business, going for UBER...
USDJPY H4 - Had this one marked up since Monday afternoon with that 107.250 region/retest zone in sight. Didn't respond to the supply zone, but consolidated and have now seen the rejection. Trendlines very discretionary, listen to the video rundown.
CADCHF H4 - We monitored this yesterday and were looking for the retest, the rejection on the H4 candle started off nicely, but with just a couple of minutes left it's wicked up a fair bit, not to confirmation we are after, but lets just sit and wait for a little more clear rejection, possibly dig into the lower timeframe.
Qualcomm, daily timeframe: Resistance level + 2 Hanging Men + Divergence
What to measure? Volume or share proportion? Recently I keep thinking about what metric I should use to measure the strength of a trend. Is it volume? Of course, the volume would be a handy metric to look for. But let me tell you something: Volume is often a biased figure, because if you only look for volume: (1) You don't have any idea on how much money has...
ROKU, daily timeframe: Resistance zone + Shooting Star + Side of Bollinger bands
I expect the descending triangle resistance line will break on the next test, which will give Galliford Try a slight boost - most likely to around 177.62 initially Galliford Try has recently landed several large contracts which will help on its recovery and help break future resistance lines. For now this stock looks very undervalued and has great growth potential!