NASDAQ:IPHI Solid fundamentals with a very constructive base forming. It recently made a small move up while finding support. The ATR is showing a vey tight trading range with well below average volume and good relative strength. I will be looking for a break out entry through 162.20 area against the 157 area.
since range is mature. if you are looking for a place to put stops you could use this daily H4 or L4 camarilla levels. just be aware of potential hunts. but the H4/L4 would be stoploss areas with the 5/6 being the break targets for intraday
range is tight. monthly pivot might give at least 1.5 cents up. will have to see from there. camarilla / cpr / magnetic trade
use tight stop. looks like potential consolidation that may lead to expansion
AUDUSD Likes to trend a lot. The pair moves quite "nicely" as far as pairs go.
AUDUSD Currently created a double top and stepping down with lower lows and lower highs.
Creating a liquidity gap that needs to be filled before continuing down. There is a high chance for a sell limit to be triggered in my middle grey zone and a high chance of having a nice tight stoploss.
The pair to me looks like its getting tightly squeezed into this type of falling wedge, can we see a correction to the medium top channel and maybe a break above towards the impulsive leg? The pair for me is still bearish and i will be watching it closely as their may be some kind of shift in momentum towards the upside and a continuation possibly for a little...
If Bitcoin broke down the uptrend line and a median of a downtrend channel, it will probably go down under 7k fast.
For now, we have a falling wedge and decreasing volumes inside it, which can indicate that sellers are exhausing.
I'm holding longs from ~8280 with tight stop, until wedge isn't broke. In a good case if BTC doesn't fall down, wedge...
TVC:SPX and AMEX:SPY are still forming triangle, and when it breaks we can expect that move in the direction of the breakout would be rather strong.
Nevertheless, for low risk entry (though also with much more uncertainty), trade may be attempted right now with stop just above previous high @294 and target as far ~275 area.
Again with such tight stop the...
Looking for price to bounce off the double bottom and re -test the downtrend
This is more of a scalp I'm only risking 1% on this with a very tight SL
R:R Just under 6.4
This is not a signal just a suggestion.
Waited for price to break entry line and 2 pip pullback after all rules met = Divergence, Bollinger Bands, and below 30 on RSI. Nice easy 14 pips total I closed half at the 15% target. Much easier to look at on 1M chart after all rules are met will post that in the comments since it will not let me publish as an idea waiting for the wave 2 bounce with divergence...
A bit earlier, the EIA crude oil stocks report was released to the public, capping this week’s inventories cycle. The number came in on the low side, bringing short-term bulls to the table in force. However, immediate buying gave way to bearish action amid robust participation.
For the rest of the week, I will be looking at scalps to the long from above the 62%...
The recent slide in WTI pricing has not been kind to the Canadian dollar. However, last week’s hawkish move from the BoC has helped the Loonie hold its own against the USD.
Today's bullish pressure may bring a short from just beneath topside resistance near the 1.3200 handle into play. Here is the plan:
1)Entry: Sell 1.3196
2)Profit Target: 8-12 pips