DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Alright everyone, check this break of trend that happened these last two weeks. Didn't go too far though, hit previous support and...
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
This week I'm keeping my eyes on the Euro / New Zealand Dollar pair. Its been on a down trend for a while now and could be hitting...
Chesapeake Energy is coming up on the 6.9-7 area that has proven an area of support and resistance in the past. We recently put in lower highs around 7.50 after retesting the high of 8.00. If we break down though. 6.9, I believe we can see more downside toward 6-6.25.
This stock also has the potential to move back up toward 8 if the 7.00 area holds in the coming...
NZD/USD has failed to break the critical level yesterday. The uptrend is still intact, becareful shorting the pair.
However, with a potential double top and the uptrend losing its momentum, we will be on a lookout for a possible move to the downtrend .
This could grab us some nice pips if it works out nicely.
Please leave your comments so that we all can learn...
Pair has already formed bearish hidden divergence on the H4 chart and there is also triangle which could be better seen on the H1 chart.
Look for a breakout below the triangle to short.
