We last posted on the USDSGD on March 27th when price was firmly range bound between pivot resistance from September of last year and the round number 1.3000 acting as support. There has been no change on this since then and price has continued to side wind between those levels of support and resistance. Price is our, and must also be your, primary...
We last posted on the USDTRY on April 6th when price had broken and closed above pivot resistance. Prior to that, price had been in a consolidation that stretched back to November of last year. The longer the consolidation, the bigger the breakout is the expression and we would like that to hold true for this currency. Price has seen three strong bullish...
While the other JPY currencies that we have posted about, such as the AUDJPY , the CHFJPY and the USDJPY , continue to pullback or remain firmly in consolidation, the TRYJPY is leading the way for a possible breakout and trend continuation. We last posted on the TRYJPY on April 4th when price had pulled back to and found resistance at a previous pivot...
We posted on the EURTRY for the first time on Sunday explaining that price had broken out of long term consolidation and was trending nicely towards the major resistance level of 5.0000. It is at these levels where many would enter short positions trying to pick tops. It is a difficult and inconsistent approach as it involves guess work which often leads to...
Coca Cola is still holding strong above the resistance level. If that level continues to hold as support then we could see a potential long trade on the table soon. The Monthly, Weekly and Daily remain bullish so continue to stay patient before taking a trade. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!...
FX trading is about understanding which group of currencies are in trend and then narrowing down further to the best looking trend structures within that group. The mistake that many traders make is having an unhealthy attachment to a single currency like the EURUSD or other instruments such as gold or oil, based on the name, and day trade away over multiple...
Bovis Homes has made attempts to break through the strong resistance level in the past but couldn't quite make it through. A break of this all-time high at £12.20 created in April 2007 could indicate the beginning of a strong trend. That breakout confirmation is essential as the high has not been broken after a number of attempts in the past. We can see price...
Coca Cola has broken out of resistance which is what we have been waiting for and was mentioned in this post. The 50 simple moving average helped push price up and through the resistance level. The next few days/weeks will be important because we have to see whether price can stay above the resistance level. We sometimes see fake breakouts where price breaks...
The GBPSEK is one of the better looking GBP currencies with price trending well and currently going through a mini breather as opposed to a deep pullback such as the GBPCAD . Last month in March, price broke out of a period of consolidation that went back to December of last year and has since been trending very nicely. The emerging trend structure has so far...
The USDTRY is new to our TradingView blogs and deserves highlighting given the current setup. As an exotic, this currency pair can trend well and highlighted on the monthly time frame but pullbacks can be deep and price can go through extended periods of consolidation. This is useful to know for those that want to trade this. There is no better indication of...
Burford Capital is showing signs of potentially breaking out after bouncing off the support level which I mentioned in this post. This is what we want to see after price breaks out of consolidation, a retest of the consolidation zone then a bounce off that zone, then a move in the direction of the main trend. We now just need to confirm a bullish trend may...
Fairfx Group Recently broke its previous all-time high which was at £0.88. After a major area is broken we can expect price to retest that level before advancing which has happened with this stock. The retest of the support/resistance area gave price some strength to the upside but then found it difficult to break through the psychological round number...
We last posted on the GBPCAD on March 28th when price was being propped up by pivot support. Price has broken through these levels and is now also trading below the round number 1.8000 and the weekly 200SMA which we would have liked to have seen hold strong as support. Price is now back at our entry from initial break an close above 1.8000 last month. All is...
We last posted on the TRYJPY on March 19th after price had broken support and triggered our short position. Since then, price moved further into profit before pulling back to retest the drawn-in pivot resistance. Price has since bounced off this resistance level and is weakening nicely. However, we need a break and close below the drawn in pivot support...
We last posted on the EURUSD on March 24th when price was firmly in consolidation. There has been no change on this since then with price still trading sideways between the drawn in support and resistance levels that define the high and low of this range. Overall, our bias is still very much bullish with price trading above the daily 200SMA and the round...
Fever Tree Drinks is still in an overall uptrend on the monthly and weekly timeframes. On the daily chart price is above both the 50 and 200 simple moving averages. As we know the 50 sma is normally used as support in an uptrend and that seems to be the case with this stock. At the moment price is reacting to the 50 sma and has bounced off that area. If the...
3IN was in a period of consolidation that began in July 2016. After price broke out of that consolidation zone it used the resistance as support and now looks set to tackle the next area of resistance. The resistance level we need price to break is at £2.15 and if it does get through then we may see a trend form like the trend we saw from 2014 to 2016. Price is...
Here at Sublime Trading, we focus on all the markets that includes FX, UK stocks, US stocks, commodities and cryptocurrencies. We do not have any attachments to any single market such as FX and to any single instrument such as Apple, gold, oil or the EURUSD. Instead, we move to where the money is by using a sophisticated scanning process to identify where the...