Abit late posting this as i was posting my other euro pairs play but this is another pure technical based play. As of now it is in a clear channel without any kind of clear direction atleast on a intraday basis and I am trying to scalp around it. I originally entered in the yellow box area so i'm a little late posting this with a expected target of around 0.7065
Overall I'm still bullish for this pair but the proportion of this gartley pattern seems really accurate. Probably eurusd will complete correction on the 76.4 fib.
A potential head and shoulders with a neckline around 94.20, watch this if it breaks we will probably retest the lows. www.thefxchannel.com visit.. vote..subscribe
Stalking this trade made me remember the lectures I attended few months ago as a fresher. Maybe it might not be directly linked but lets just say I turned the idea of a prisoner dilemma to the Pattern Trader Dilemma. Woke up feeling great, knowing that I'm about to continue my grind, and given today is Monday I wasn't expecting a busy day.As I was analysing the...
I have been running a correlation between the Energy Select Sector SPDR ETF (XLE) and the Oil Vix (OVX). it is running at an interesting multi-year support and resistance level. We can see the formation of a double bottom at this level. The move on the price of oil will be determined by what happens at this level in the XLE/OVX chart. This correlation has been...
Recently all XXX/Jpy pairs have shoot up like rocket to moon. And shorting this pairs in current situation can be proved to be costly mistake, however if proper money management & proper entry area can be found out then tactical short plays can also be won. I m currently looking at CadJpy which in my opinion gives room to play the those tactical shorts. There is...
We have a daily short setup coming up for Gold ( XAUUSD ) consisting in 2 bearish advanced patterns known as Gartley and Cypher. Short area is illustraded on chart. Stoplosses should always be placed above "X". Use your own stoploss and money management rules for this. Good luck. Best regards, James Correia
AOL is curling down below all key moving averages, after it failed to hold above $40. Stock was hardly beaten on its previous earnings report and since then covered part of those losses on this strong market. Anyway, still under preassure consolidating in tight pattern. I will initiate small position here and will add on break of $38 with tight stop above $39.50....
Kors is high-growing company with EPS for the past 5 years 130%. So, if it misses or meets with expactations on its report that will be soon on August 5th, it may frustrate investors and trigger further selling. Technically, it pierced psychological mark $100, but failed to close above, from hwere it sold off. It found support at $86 that was recently broken with...
If you don't already know these basic candle patterns it's worth learning them. I have been thinking about doing a short training series on these and potentially doing some simple indicators to identify theses setups. If you'd be interested in learning about these setups hit the "Like" button. In order for this pattern to be a valid sell the three green candles...
Russell 2000 started this year as underperformer, but bear chanel was broken and we had nice upside follow through and retested 2013-2014 highs. But now 8 and 21 EMAs are broken, they supported price during this move up. Accelerated trend was broken on 8 of July and now it looks like a nice "h"-pattern with entry below $114 and stop above previous swing high and...
At potential swing zone, if the market is ready then we should be seeing move to northern direction soon. This one should be definitely on your radar. Keep an eye on it for long positions.
This healthcare company forming best opportunities and shlwing relative weakness on weekly and daily charts. Recent top was at $72, then it broke down and now if flagging near moving averages. I will be waiting for trigger. break down of this minor channel could give us good Risk/Reward entry with stop above $70.00. Add on break of $69.12. Partial take of profits...
This airline company found strong resistance zone at $48-$49. Bounced off it very agressively with gap down zone from $44 to $45 which is powerful sign that sellers keep control on price. From fundamental point of view there is tension in Iraq - one of the biggest supplier of Oil in the worls. Break in supplies leads to higher prices and then higher costs for...
Visa was sold off agressively off the highs from $227.5 and bottomed at 195.00-197.50. It is settling in "h"-pattern now. It has recently formed a small Head&Shoulder pattern and the neckline looks broken with today's price action. Entry: $211 Stop: above right shoulder $215 Target: $205 (2000 EMA) then $195 bottom from mid April
Different entries and playbook trades that make sence for me with comments on the chart.