Friday's candle is very bullish and with decent volume retesting the 50 day sma. 158 should be solid support and that's the retest I plan on entering with $170 March calls for $6.50 to give it time. Will give it a $4.25 stop, which should align with below that wick of Friday's bullish candle.
My target on NVDA is $170, or extreme $176 to close out the...
CADCHF does not appear to have any rallying power what-so-ever. The chart looks exhausting, the news surrounding the pair is uneventful, and the technicals are pointing south on the daily and weekly. In my opinion CADCHF is headed for down.
-Wish you guys much success; don't give up.
Once again a scan of the top-10 needs to be followed by a yawn. With times like these we must plan for the next move and get a clear plan for the possibilities that lie ahead. We could move higher, we could move lower, either way I will be ready. Right now my trading activity has been crossed with bitcoin. What are your plans?
The EURGBP is currently in a state of sideways movement which is called consolidation. Consolidation leads to expansion, so as i analyze this price chart they question that I want to ask myself is
IF Price action breakouts out to the ___ side
THEN where is it likely to continue to.
Doing so will allow me to see if there is enough potential profit (with limited...
AUDCAD achieved our bullish target last week at 1.02542 for a total of 227 pips. However the outlook is still bullish and we believe more upside momentum is to come. Target is 1.03681 first. Price close below 1.00984 will invalidate this view.
EURUSD downward pressure is intensifying. However 4 hour candle close above red-line support turn resistance level of 1.05687 will invalidate downward pressure for now. However as long as 1.05687 holds, downward pressure is still expected. Penetration of 1.0520 on daily close will bring deeper fall of the EURO to...
So in my humble opinion we have a clear head and shoulders pattern, along with Fib match up to coincide with the NFP report today.
Right now I am managing a good client out of an aweful hedge and so this is very crucial for me. The price simply must get up to the target sell level so that I can smash from the top and hit down to close out the bad side of the...
Hey gang, first of all thank you for all of the great comments on yesterday's youtube video "How Do Know If My Trading Strategy Is Failing" (www.youtube.com) You guys said that you've learned a lot and please continue to let me know exactly what that was in the comments section on Youtube.
Today I've got bearish cypher patterns on...