Will take some profit off the table after the price will break down swing low at $0.93030 from where it established intraday high at $0.93115. And will keep my core with stops below support zone from $0.92839-0.92901
On Daily chart it is is in uptrend since July 2013. After big, ignited, red candle on 20th of March it entered into range-bound market and bounced up well off major trend line. Till now it built series of lower high and higher lows (wedge) and gave opportunities to trade both sides (selling from wedge highs and buying support). On Friday when US job report was...
It is difficult to buy here after $40 move from earning's gap but on intraday basis there we can still trade tactically keeping long in our mind. Actually, it is one of the best stocks in this choppy, range-bound market because after earnings was released it had nice, powerfull 2 days continuation move then some rest, inside days which is healthy after such a big...
Despite a strong jobs number on Friday the USD wasn't able to move higher huge. The Trade Idea: Usd/Cad Put Entry price: $1.09800 then $1.09550 then $1.09400 Target price: $1.09200 Stop level (don't want to see price higher than): $1.09900 Why I like Usd/Cad Put here: 1) Weakness after break down of $1.10160 with further powerfull move means that sellers...
Pair found bottom after downtrend and sentiment changed to the upside. Now it is flagging/consolidating. Need some catalyst to attract more active buyers and investors. Interest rate decision tomorrow could be one of them. I will put feeler here with STOP below support zone at $0.92500 and will ADD more through $0.93000 on break up of "handle". Potential TARGET...
This pair weakened recently, bigger H&S developped which resolved to downside with strong follow through. Daily chart is bullish above all key moving averages, but on my intermidiate timeframe I identified some weakness and want to make quick trade. Trigger entry short: 1.68665 Stop above recent swing high: 1.68750 Target is bigger trend line which could be our...
First signal to reduce your expousure if you are long. Broke down and close below 8 MA first time after break up of flag. Some consolidation after big 2 days move could develop. Minor short vs intraday's high at $1314.79 makes sence. Next buyable area (and targets for those who want to be shorters from here) is at $1308 then $1304
review of US markets after US job report. It closed in red on Friday despite good data. That is why you should listen to what market tells you not just trading opinions of bloomberg analysts. So, it failed above previous high and closed near lows – something to take notice, maybe it could lead to something bigger. Point to make adjustments is low of the day at...
USD/JPY gapped down on Monday after very squeezy friday on US job report. If sellers want to keep control thay don't want to give up 102.97-102.174 area (gap zone). That break down of intermidiate support looks powerful and we can see pric etesting bigger support at 101.350.
Gold had a nice action, acted well according to our plan from friday's morning note: "Some buying interest resumes in Gold . It found some support at $1281.50ish, broke up intermidiate resistance and we can see $1290 soon. A break bigger down trend line could set it back in motion and attract more active buyers." Now we have close above short term moving averages...
Daily chart still in major uptrend but it is more range bound market, so it makes sence to trade tactically both sides. After it failed above resistance zone pair established downtrend. Broke below previous low of the day means that sellers are interested in lower prices. Significant support zone 1.38509-550 where i can take some off from my short position,...
Some buying interest resumes in Gold . It found some support at $1281.50ish, broke up intermidiate resistance and we can see $1290 soon. A break bigger down trend line could set it back in motion and attract more active buyers.
Still above major trend line, building a nice upper level base, pretty wide from $64.30 to $70.40. It means that we have room for potential trade. There was Red Dog Reversal on 24th of April with nice 2 days continuation. Stopped in front of support with one day rest and another nice bullish candle which could be enough to open position. Stop loss below pivot...
ADBE entered in a nice uptrend since the beginning of October. Then after it built a nice upper level base that resolved to downside move then we had another point to make adjustments when it broke down trend line that was intact since previous year. After that stock enetered into range bound type of market and found some support at $60. It showed some commitment...
ZU was beaten to downside from $73.3 right to low $40ish. After two green days with nice close near highs it looks poised to make a move higher to next resistance at $44ish then we have down trend line resistance at $46.80, stop below $40.70ish low of the day makes sence. Short float 38% could add fuel to potential upside move.
Put in bottoming tails and then went through pivot high at $301.84 for additional gains and closed near highs. New point of reference is $304.58 above that i want to be a buyer till the next resistance at $311.5. Just quick trade here for another potential move up next day and a half.
Stock had nice reversal on 15th of April that had one day follow through. regained support at 35.29 that was intact since the beginnig of March. Today it went through previous high of the day and gave us entry at 35.80 with stop below 35. Break up above downtrend line could lead us to 38 resistance zone which could be our first target then we have all time highs...
I am looking for potential move above 80 for additional gains. Short term moving averages caught up price and some flagging or consolidation above will be healthy before break up. Next resistance levels and potential targets are 82 and 84-86. Stop below 78 make sence because then moving averages will be lost. Next support is at 76.