Is it just the beginning? Stop loss below 1.6 Targets: 2, 2.2 and 2.4 Do your analysis..
Despite some downward move, the support zone in Gold holds and presents a technical buying opportunity. 1180 is the key support level, while the stop loss zone is a 20$ zone. Swing trading setup
Are you a $JCP bear? Or are you a $JCP bull? No matter which side you one, you must pay attention to the 7$ support zone! It's either going to be a massive sell off or an extreme bullish move. You can either choose your side or wait for confirmation, either way, make sure you keep track of this zone. Want more trading ideas? Subscribe to the Market Zone's...
This Weekly Markets Analysis setup scored 400 pips today as it touched target level. Now time to let it pullback a little before the next entry. WWW.THEMARKETZONE.NET Subscribe to the free newsletter
If you missed the weekly harmonic pattern posted few weeks ago in the Weekly Markets Analysis newsletter, it is time to put it on your analysis table - Major reversal today after Draghi's speech. Weekly candle looking good right now but we still have NFP tomorrow. Monitor this PRZ Subscribe to the free Weekly Markets Analysis newsletter - WWW.THEMARKETZONE.NET
The $AUDUSD setup I've posted in the Weekly Markets Analysis is already up by about 100 pips! Will this Weekly Markets Analysis setup work as well? $GBPCAD is meeting a broken trading channel bottom. This area should act as resistance and indeed we saw last Friday, a daily Pinbar at the close. 1.78 is the initial target level for a bearish position Read the...
This $AUDUSD AB=CD pattern is a trading idea I just posted as part of my newsletter - Weekly Markets Analysis. The 0.84 zone is the interesting area to monitor with AB=CD pattern completion and several Fib extensions confluence zone. See the full setup and more in the newsletter: marketzone.tumblr.com If you like it, don't forget to subscribe for free in the...
Elite Zone setup from last week reached target level towards the end of last week. Very nice reversal at the PRZ of this accurate Butterfly pattern. Booked 115 pips in this trade. Join the Elite Zone at WWW.THEMARKETZONE.NET
This weekly pattern was sent to the members yesterday. Today's 150 pips move could be just the start as this pattern's targets are much lower. Members already pocketed 150 and now have no open risk. 100 is the next important level to watch.
With bearish AB=CD completion, fibs confluence (see full setup in the blog) and bearish Gartley, $IBB presents a nice short setup. 285$, 275$ are the potential target levels. See the full setup and more in the Weekly Markets Analysis: marketzone.tumblr.com
Possible Sell Zone in $XLE as it approaches the 90$ area. $XLE is lagging behind most of the sectors, mainly because of oil prices and the 90$ sell zone may be a good place to try to exploit this weakness (as long as it continues of course). This setup is part of the Weekly Markets Analysis posted in the blog, check out the complete setup and more.....
After the Elite Zone members already collected 250 pips on the long $GBPNZD trade earlier this week, there is another chance to trade this daily bullish pattern as the pair double bottomed the PRZ. 1.97 Should hold as support, since we can not use the X point as our stop loss (way too wide) We've collected more than 1000 pips this week with harmonics in $EURNZD,...
Possible long setup in $EEM based on bullish Gartley on the 61.8 Fib level and near the 40$ round number.
$ORI was traded by the Elite Zone members to the short side, back than in June. It broke a trend line we've been monitoring and created a very nice weekly double top setup. Since than, the stock touched the 38.2 Fib level, bounced from it after the completion of a bullish Gartley and now it is facing a serious resistance zone. If you'll analyze the daily chart...
This setup is part of the FX Weekly Markets Analysis goo.gl The WMA setup was based on a Fib extensions confluence zone and a possible daily Wedge pattern. My targets are up to 200 pips for this trade but it can be an even bigger move if we will see the confirmation signals I'm looking in this trade. Today's Ourside Bar gives another potential reversal pattern...
This setup is part of the Weekly Markets Analysis newsletter - goo.gl $HPQ experienced a strong breakdown of its trading channel in the Mid October sell off. Since than the stock bounced from the 200 SMA line (see in the blog post) and traveled inside a very tight ascending channel all the way to test the 37$ resistance zone. Last week the stock broke down...
$FB is trading inside a very tight range, just between support and resistance and just above its daily uptrend line. $FB didn't join the on going ATH celebration and we have to wonder whether it means weakness or simply a pause before exploding higher. We see that the upside potential is about 3-4$ while a cross below the uptrend line could lead to either one of...
1. Spike into the 127 extension can be a good place to look for reversal. First target will be broken trend line. Below it - Bye Bye $FAS 2. In case that the price will not reach the 120$ level, a cross below 115$ can turn this latest upside move into False Break and send the bears in..