CIT tapped a supply zone and is bouncing nicely indicating a continued move up. I would take market buys with my stop loss below weekly lows and take profit at double my risk (10% gain on the share price)
Price has been at weekly resistance for a few days now. After a huge bullish fake out on Wednesday, price has broken and closed below major support...and now we’re retesting that support which is turned into resistance. Sell USDJPY and thank me later. Seriously.
USDJPY is very bullish but she’s hit major resistance. That obviously means price needs to create a higher low before retesting the highs. 111.75 is a nice little demand zone that price will be likely to drop down to before retesting the highs at 112.10-ish
EURJPY has been on a buy rampage. After hitting resistance it’ll have to form a higher low. I’m expecting it to bounce off support zone between 126 - 126.20 so I’ll have pending buys at 126.10 with a 10 pip stop loss
MS is approaching resistance and it resistance holds then I’ll look for price to retest support at $43.50 before it continues bullish. If it breaks resistance then I’d look for a retest of resistance before taking buys
Overall, eBay is in an uptrend. Price recently tapped resistance at $38.60 and has moved back to weekly support, albeit pretty hard. I’m confident support will hold based on eBays current trend as well as the bullish sentiment of the overall market...tight stops, please
Buying resistance is very risky but EUR is bullish and price has tapped this resistance level a few times and now is pushing hard against resistance. My stop loss is very tight, just below a support on the hourly TF, but if price falls at all from the resistance it’s at then I don’t want to be in the trade
With the stock market as bullish as it is “C” should have no problem breaking above resistance. Also, if you notice, 3 weeks ago price tapped resistance and fell hard but in 2 weeks it’s right back at resistance. That’s called manipulation and indicates bullish moves to come