I see a possible long of this pair with a pushing momentum to the upside ( after we stopped making lower lows ) + inverted H&S and an engulfing pattern + we already made a new high ( green box / look at a higher time frame ) ..
Don't take your profits quickly , look for a continuation of the trend in the D chart ( a double bottom ).
Wait for confirmation, no...
Pay attention to this pair, it's possible to have a breakout to the upside pushed by :
fundamentals : the us economy still doing well relative to the canadian one, especially with the lack of reactivity from the central bank of Canada + uncertainty and negativity over oil prices ( with the algerians wanting to add more supply ) ..
Technicals : the price made a...
I see a possible good opportunity to '' pull the trigger '' for coca cola stock,
I'm bullish from the fundamental side, the beverage sector is doing good ( read the last PMI ISM report ), the company has shown good results and increasing P/E ratio over the last year and quarter and positive earnings estimates.
Technically speaking, we are now between the ''...
I see here a possible long for that pair with a pushing momentum to the upside ( on the D and 4h charts )
We had a kind of inverted head and shoulders , and we started to make higher highs and higher lows aligned with fundamentals and CFT ( going long this pair )
Wait for the confirmation ( don't go early , make an alert in your platform ), and use your...
volatility is down these days, but we can see in the most '' volatile '' pairs.
I'm on this quick training trade. I see here a nice possible breakout with a pushing momentum.
2 targets ( around 143.25 and 145.19 .
Good luck
Expecting some continuation of volatility in markets coming days, giving some opportunities for day trading.
We can see a good sell opportunity if we get to the important level of resistance ( red zone ), combined with an advanced pattern formation, and expecting a continuation in the weakning of EUR and GBP with sell offs to other currencies and assets ( USD, JPY...
I see a possible short opportunity with this inverted gartley around 75.40 - 75.63 ( red zone ) , which is important level of past resistance
- Wait for a candlestick confirmation with the indicator of momentum that you prefer ( for me RSI )
- Pay attention to the volatility of these days with the possible Brexit .
Note : This is only a very small of...
We are looking to short the AUDJPY pair if the price will make a come back to the 78.00 ( red zone ) , that could act as a good resistance, making stops above 81.00 and looking for targets around 74.00 to 73.50 ( 1.618 extension and on an important support zone on the Daily and monthly chart ).
Use your usual indicators to determine an overbought condition on a...
I come back again with a new trading ideas .
I have here a long opportunity with an inverted gartley pattern around (1.26113s ) for a first target to (1.28302) and a seconday one at (1.29655)
- Wait for confirmation that suites you the most
Note : Don't expect the market to go to your direction that much, because we are trading against the trend ( we expect...
We can identify 2 advanced patterns
- MGP ( Mirrored Gartley Pattern ) ( violet color ) completing around 0.69193 giving us an opportunity to go long, in a major structure level ( look left ) , and in which stops should go the previous structure low to ( around 0.67890 )
- Butterfly pattern ( orange ) : looking for a short opportunity in the red zone (...
Seeking to short this pair with a pushing momentum to the downside, expressing the bear view on the us dollar with ( with bearish fundamental leading indicators ) , combined with a possible relief of the canadian dollar with the relief of oil prices ...
- Trying to target the ( green zone ) or further
- Important : this is only a part of the hole analysis (...
I wait for a possible BO of the USD/JPY , to go long .
119.635 as a first target ( 20% of the total seize ) - stops to breakeven
120.620 as a secondary target ( 80 % of the total seize )
keep an eye on your momentum indicator ( RSI here )
IMPORTANT : this is only a part of the total analysis ( includes also the fundamental and world view side , and risk management )
Some fundamental signs are pointing a possible reverse on the downtrend of gold.
The good trade when you match this with price action, trying to take the best timing
The first scenario is a break to the upside bouncing from the downside of the channel, that could be strong if it will squeeze the short sellers betting on a fall to the 1000 barrier
The second...
Potential short opportunity in 2 different zones
Z1 : At the level where we are at right now ( orange line ), wait for a double top, with a divergence on the RSI
TP ; At ( 1.34554 )
SL : Above ( 1.43351 )
Z2 : The red zone ( Which I prefer due the good risk reward ratio, and the possibility the take action when we will have an over extension the...
I see a possible short (red zone) opportunity with a bat pattern formation in the hourly chart with :
+ AB=CD
+ 127.2 extension of AB in confluence with the D completion of ABCD and 88.6 retracement of the XA leg
+ The black lines are important structure levels ( scroll to the left around 07/03/2014 and the months after )
Don't forget to take in consideration...
I'm waiting here for a retracement of that pair after 7 days of red, you can short in one of the 2 green zones ( depending of the extension of the leg )
Note : Please wait for an over extension of the leg in the 4h and 1h chart
TP : between 0.70935 and 0.71383
SL : around 0.68507
Everything is possible !
