Here we have support, 100 EMA and trendline that meets and give us a potential reversal area. Looking for bullish evidence to take a swing long on this pair. Please comment and write your thoughts on this idea so we can learn from each other!
I really missed that one in the makings... Textbook hammer candle on Amazon, yesterday, and the stock is up quite a bit already. However, with the momentum that AMZN has got going, any shallow dip should be bought, especially when it ends with a Hammer. I'm a bit obsessed with hammers. Slow stochastics are also bottoming, so possibly indicating a good swing trade...
Info in Chart When TP1 is reached, move SL to BE for riskfree TP2. If u like my idea, follow
I posted a couple of weeks ago about the possibility of the USDCAD breaching the high on the weekly which is highlighted by the red box. Now that Price has clearly broken it, I am expecting this clear upward momentum to continue. Also to point out, the green trendline has held firm where price has failed to break and close below it, therefore it is safe to assume...
Another Technical play in conjunction of Janet Yellen currently speaking about interest rates. It was a quick move as I write this b/c of Yellen and this is another pure technical based play. Anticipating upward momentum with a target of around 2.1180
USDCHF has broken out of the descending trendline where it also re-tested last week. This is highlighted by the yellow boxes which indicates bullish momentum can be anticipated. Currently Price is about to break that dark grey box and should it break, Im looking for around a 150pip gain trade with a expected target of around .9660
Along with pretty much all the JPY pairs, due to combination of BOJ easing from the last couple of years and USD rally we've seen the yen pairs weaken considerably the last couple of years. GBPJPY is no different as this trend is clearly in place. As long as the trend-line holds (green line), I am expecting this rally to continue with this pair possible hitting...