Get started

Upside

AUDUSD - short term bias - 4hrAfter 52 days of consecutive downside action from the most recent high (daily) , is this now time to go LONG and back the bulls?, here on the 4 hour chart we have a nice double bottom play out and i believe we are heading back up to retest the 38.2 retracement. in confluence with this particular FIB retracement on the 6th of july we located a minor area of support and we respectively held that level until the following day breaking straight through it, now from this point we had a minor fall in the next few days and went on to retest the support as resistance on the 10th of july and again on the 15th, indeed failing!. As we continue this week keep an eye on this level as we could break the resistance heading higher to the 61.8 or infact be a perfect entry for a sell order. Happy Pippin
by HektorMorganFX
Upside potential BTC/USDBeen really interested in the workings and concept base around Bitcoin so thought I would analyse it for possible opportunities. Seen a strong trend holding on the daily charts which is correlating perfectly down to the 4Hour chart. Some strong fibonacci levels in action here along side MACD and RSI indicating a pivot in momentum. Two potential targets set at weekly resistance levels between 289 and 295 levels. Looking forward to seeing this one play out.
BITSTAMP:BTCUSDLong
by Dylan-Rogan
USD/CAD BREAKS DAILY RANGE - POTENTIAL LOW RISK TRADEA DAILY CLOSE ABOVE RANGE RESISTANCE INDICATES POTENTIAL FURTHER UPSIDE, A CLEAR BREAKOUT OF LONG TERM RANGE EXPOSES 1.2520's THE 150 DAY MA THAT WAS PREVIOUS RESISTANCE ON 4H CHART HAS BEEN BROKEN, A POTENTIAL MA CROSSOVER TO THE UPSIDE CANNOT BE RULED OUT EITHER - ADDING TO FURTHER CONFIRMATION OF UPSIDE POTENTIAL A RETEST OF PREVIOUS RESISTANCE TURNED SUPPORT CANNOT BE RULED OUT, A HOLD OF THIS LEVEL WOULD BE SIGNIFICANT - LITTLE RESISTANCE LIES AHEAD OF THE DOLLAR AND FOLLOWS THE LONG TERM BULL TREND OF THE PAIR
Long
by JoeNeilCarey
Bat Pattern or a Wedge GBP/JPY, 1hr Here we see a developing Bat pattern in a triangle or wedge pattern. we know that wedges generally rally out at 3/4 of the triangle, be it up or down. So what we should expect to see happen here is that the market will rally down into previous structure around the 1.618 extension of the AB leg. when the market does so, it will complete the bat pattern triggering a reverse in the market and rallying back up into the 1.618 extension of the BC leg. however, if the market breaks through the wedge at the 3/4 mark on the upside, its likely to see a similar rally, up into the 1.618 extension, but our room for profit is less. So my entries are marked at the 3/4 mark on both the upside and the downside, both long. my upside stop is placed at the current structure level around 1.8170 and that limit is placed at the 1.618 extension of the BC leg. The second option, for the bat pattern egas an entry placed at the 3/4 mark on the low side of the wedge, a stop placed at the lowest low of the bat pattern , and a stop placed at the 1.618 extension of the BC leg. Than you for you time to analyze with me, i look forward to future trades, if you do too, please like and follow, but also , comment and let me know what you think. Thank you guys again, good Trading!
Long
by Kylan_Laymance
Divergence on DXY (Dollar Index)I was just checking this weekly graph of the Dollar Index and I just saw a divergence on RSI and price action. As we can see, the US Dollar is making a new high this week BUT the RSI is now. Actually, the RSI made his high few weeks ago. This is a signal that the current trend is getting into the final steps of the current trend, this does not mean that he will reverse hard to the downside, BUT we can expect a correction near. Also, the high of this week came into 92.52, very close to the 2005 high, which is at 92.63. Keep this level in mind as can become a big resistance (as 92.50 has been from Thursday).
INDEX:DXY
by dcm2020
2
Inside a heavy demand zone. Let us see what's to be!Final update for the downside sentiment. After the outlook of Tuesday I adjusted my positioning and Bamb the perfect tap. This is what I was hoping to see in order to confirm my going long. I will be going long as you can see, But I think I will wait until Tuesdays outlook or just after the first hour of the U.S. Open. I am hoping to see and am being aware that we could get a quick stab below Zone 1. then seeing a nice tail or wick will get me in the long Trade. Also anywhere inside that channel there. Also I'm thinking, with all those trend lines in the way there, If we do get a push up it will be fast and hard to blow through and settle inside the channel. Anyway I hope you all had a good trading week, I know I have. Now all I've got to do is keep it. Not Giving it back. Again; Good Trading and a Prosperous Outcome! Hankster
Long
by Vimeint
ITNC gap up on upside guidanceIntel set new 5 years after it announced its sales would be better than it had anticipated earlier in the year. Intel’s news is almost certainly good for Microsoft (NASDAQ: MSFT) and Hewlett-Packard (NYSE: HPQ) since Intel is the leading maker of chips for PC’s. The PC market has been so mature that most analysts assumed that Intel’s future would be relatively weak. As PC sales have begun to fall worldwide, tablet and smartphone sales have risen sharply. Any improvement in PC sales will help Microsoft, which is the major provider of PC operating systems, and Hewlett Packard, the leader in PC sales. Technical Analysis: Now, we have gap low at $29.56 which should act like support and high at $30.06. I think it needs couple of days of rest, investors and traders need time to absorb this big movement Check my previous idea in the link below:
NASDAQ:INTCLong
by andrew.berg
INOvio in a good position to go higher up, but in a lock atmThere is an interesting lock the stock is in now. It is in-between several key lines and the following days could tell the short-term future of the stock. for now it has been keeping itself on top of 2.50 as it is a key level. Several points lead to a higher position from here. - Major point: DMI, MACD, RSI, Stoch and Acc/Dist show potential up side from these levels, though it may dip lower before that as MACD, Dist, and Rsi have some room to dip to the lowest part of the range - The price bounced a bit from an area that is within the lowest range of the up-trending channel . - Wave counting gives a hint that it is either in the last wave still or ready to change the trend and get into a new wave count, with first one leading higher. - Price bounced off a strong support level several times in all the past sessions - Price seems to keep within the 150 DMA There are several indicators of a possibility of going lower: - The recent trading volume is weak, indicating not enough steam to push it through the recent down trend - A series of lower highs within the day view coupled with the first negative point shows the mood is for going lower. - Dipping lower 200 DMA may lead to a spill, next resistance at ~2.00 - Given the low volume, it is more probably the price will go down to 2.00 and decide its further action from there. It will still be attractive up to earnings at the price between 2-2.50
I
by A-shot