bullish shark potential, allinging with the 50% retracement of the last major swing. TP goes @ 1.0868 Good luck and do your own analysis, as this is my first attempt at harmonics!
EURUSD has retraced to previous resistance level which now has become support area. 200 EMA may act as additional support factor, RSI being oversold & recent change of trend (clear uptrend) & recent new high – all put together giving us a strong case for LONG position with attractive RR. New resistance around 1.1036 has been rested 3 times already, but last time...
I see us moving up that channel slowly to $281.90 until end of this week kinda ignoring the long term down trend. from there we will either move back down to $261ish, or IF bulls are ready we may see $320 1st week of April. Lets go there :)
Short or Long... what do u think?
NZDCAD SHORT AT DOUBLE TOP AND BEARISH DIVERGENCE
Time frame: 1H Simple short idea - EURAUD retested recent resistance area and its likely is to re-test recent lows and structure around 1.3750 – 1.3728 SL above recent high 1.3871 ant TP around 1.3748 give us very good RR ratio. Good luck and good trading! Arek JP
Due to a 1.0620 Level breakout failure (must wait 15min close) Short term swing trade is possible with a very short stop loss. Target around 1.0550 Careful entry with a small lot and short stop. as no large moves are expected at the moment (before news)
In the longer term I can see this pair being bearish but for this week i believe it will be bullish. Last time it dropped to the level around 2.0052 it showed a strong support rebounding up in to the 2.079 levels. Since then it has had a severe decline back to the previous level of around 2.0052. Key indicators to help with this retracement is that it is oversold...
AUDCAD SHORT SHORT TERM PATTERN ON 1 HR CHART
Apple has been trending down nearly all day and the selling has weakened significantly Short Term I Like this trade i see it going up to 129.50's by tomorrow mid day (March 3rd) & Then Continue On Its Path To The 127 area
good short term long position! Very strong resistance and support,
Just trying a new idea with a few of Chris Moody's Scripts.
The market is currently holding higher lows and pressing up against $280 support. Once this breaks, I expect it to go into the $290s. I'm still bearish medium-term, but this looks like a good high-probability trade.