*Yellow = 200 EMA | Blue = 100 EMA
This is the FX:USDJPY with Ichimoku overlayed with two moving averages. This pair is setting up nicely for a 500 pip move between 104.499 and 109.621. The support around 104.50 level has been used as resistance multiple times during September and October 2016. It has been used as support March 2018, January 2019, and August...
I share this idea to help educate those trying to learn how to trade stocks. Many will throw tomatoes at me, but hopefully one of you can find this post valuable in your journey. I will keep this relatively brief.
Let's start with the most recent DPW 10-Q found here: www.bamsec.com
First, check the date and shares...
What’s Up Forex Community...
Been a long time, however #ForexFargo checking back in.
Analysis is on #GBPAUD today.
Will Be Looking For Long as long as...
Holds as Support Zone
Wait for Price Action confirmation
Price has potential to stop hunt & wick off @ A Daily Low level of 1.80550ish for Premium Entries (aggressive)
Wait for 1hr closure above zone for...
Support at 9,096 because of previous resistance and support.
Resistance at 13,882 because of previous resistance and it is a recent high.
Price action is looking to be consolidating and on the way to forming a triangle/flag pattern which means that price squeezes into a tight range then experiences a HUGE breakout!
Looking for either the...
The USD/CAD has been one wild ride the couple of weeks
Everything was in place for mt to take the trade according to my strategy
So i took the trade and walked away which is the best advice i can give anybody
But something whip lashed the markets around 10 am CST and i got stopped out
Nothing i can do moving on to the next trade
Taking a look at the SPY on a monthly chart can really put things into perspective. Some warning signs about a possible recession looming got me thinking about what levels to the downside would interest me should the market enter into a recession and begin to head down. Here is what I came up with:
207-215: This level was a prior resistance level back in 2015...