KERING which is a French Luxury group owning Gucci, Balenciaga, Yves Saint Laurent...is showing a nice support area at 549.
My expection is to enter a Long position with a +10% gain at 624 (high probability)
APPLE INC is showing a nice support area at $114 holding the price as expected.
At the open a LONG POSITION is possible with a potential of a +7% RETURN at $125
Holding the position longer can bring a potential RETURN of +16% at $135
INTEL CORP is showing a nice support area at $45 holdinf the price as expected.
At the open a LONG POSITION is possible with a potential of a +6% RETURN at $48.5
Holding the position at $53 can bring a potential RETURN of +15% at $53
Nice area to watch for a Buying opportunity with the market coming back to a pool of liquidity (weekly and montly zone).
It may take a while for the market to work the 0.7100 area.
My first target will be at structure around 0.7150 and remaining at oposite weekly zone around 0.7230
Nice area to Watch for a long position due to a potential run on liquidity area (i.e stop run on low price - see lines in purple).
We can expect a rally up to previous liquidity zones at 0.7430-0.7440 with stops below 0.7350.
Nice area to watch for a potential bearsih move.
Be very careful as the trend is bullish. First target will move the stop to BE and see if we can reach target 2.
I will wait for the 1H + 4H engulfing candles to close to decide wether the down move is valid otherwise if the candles do not confirm I will invalid and close my sell entry.
My expectation on this trade is to be short on the High of the current week. The price has reacted nicely on the resistance identified (purple and blue line).
My targets will be on the low of the previous days as highlighted in green.
The price reacted nicely to the Monthly resistance drawn (Black line), my entry is set on the retracement move.
Target will be on price structure area.
Simple set up, if it doesn't work I will add it to my good trades check list and move on to the next one !
Nice area to Watch for a potential bearish move.
The price reacted nicely to the Monthly resistance identified (black line), the retracement back will be a perfect situation to find my short entry at a better price.