An Intraday setup to go long RCM has been in an upward rising channel and price has tried to break down the lower boundary. However, the last session showed there are still buyers at this level and the session ended with a bullish engulfing pattern. I am expecting some bullishness in the short term in the new session. This bullishness could be for short term or...
EURNZD has bounced off from the upper boundary of a bearish channel. It broke out from a small consolidation to confirm its bearishness for the short period.
CHFJPY bounced in the daily TF off of a falling trendline. Price is now establishing a Head and Shoulder in H1 timeframe. We may see more bearish drives at least in H1 time frame.
NZDCHF bounced off a H4 TL and is clearing a small consolidation in H4/H1 TF. The target is last H4 swing.
SUM has bounced off a rising TL with a hammer candlestick and an unusually daily volume. In H1 chart, we have a nice breakout offering good levels for entry and stop loss.
This is a setup for Day Trading. Entry is the greenline which can be monitored for a better price at 16.2 or lower. Stop loss is at the red line. and Target is blue zone.
BKD is breaking down a daily range with strong volume and may visit the next two Supports as shown in the chart.
KNSL has reached a monthly High and some bearishness on Daily and LTFs are expected. Although of the strong bullishness on Monthly and weekly, it is possible to assume a bearishness for some time for profit-taking and for the price to pullback for some time.
AUDCHF is in a bullish trend in the weekly timeframe. In lower timeframes, there is a breakout of a small consolidation. We may enter here or enter at lower levels above the low time frame S/R.
EURGBP Daily TF is bouncing off of daily support within a small daily range. In H1 timeframe, a breakout above the current small consolidation may lead to more gains in the short term. Ranges do not guarantee that price will definitely go to the higher boundary, but rather buying very close to the support will guarantee a good value for the pair. Multiple...
CADJPY is bouncing from H4/Daily support and may resume its bullish momentum. In M15, we see a price structure that, if broken and retested, may lead to more bullishness in the short term. CADJPY has to break this Resistance on M15/H1 first and preferably retest it before going long. Targets can be assigned based on how PA develops or according to H4 fibs from...
CADCHF bounced from a small Daily/H4 support and made a small breakout in H1. Targets can be set according to Price Action or FIB levels. Partial take profits and trailing stop losses are important to secure gains.
EURUSD just hit its daily Resistance. In H1 TF we have a sloping up the channel with bearish divergence on TRIX 5,8. If we break the channel down and retest the bearish channel, then we may make use of any potential bearish momentum and short the pair. If the price action on H1/H2 develops in the future to show a bearish sign, we may enter with a couple of...
Since we may fill a gap, we need one or more daily bar(s) above current support to confirm bullishness. The target would be obviously the high of the gap. We already have a stronger volume accompanying the candle that penetrated S/R but is not enough yet IMO.
WY just broke down an upward channel (corrective channel) and may test previous swing lows.
Cal has established a bullish daily breakout with a strong candle bar and good volume offering an opportunity for further gains. The stock is in a strong bearish trend in the Weekly and Monthly Charts. However, we may still trade the bullish momentum for a short time.
The stock is now making its first bullish correction clearing a daily Resistance (Ascending Triangle Pattern). The breakout is accompanied by a higher volume. BHR has plunged in MArch dropping more 70%.
HOV is bouncing from a weekly Support. The stock has established a daily range and is attempting to break it. The last daily candle has closed at the Resistance level with strong volume. I will be observing the breakout in this session. For me, it is a neutral bias until the level is clearly broken. When the breakout happens and the price goes above the...