Zoo Digital Group is holding at the £1.00 round number support zone. Price is also at a previous resistance level turned support which we also want to see hold price up. On the Weekly and Daily chart we can see price is above the 50 & 200 simple moving averages, which means that the overall trend is bullish. From October 2017 to January 2018 price was in...
We last posted on the GBPUSD on April 17th when price was testing and attempting to break throught the pivot resistance high of January. What we wanted to see was price break and close above this pivot resistance confirming it as support. This would then have offered a long entry into the trend with around 600 pips of profit on the table towards the next key...
We last posted on the CHFJPY on March 19th when price has broken through pivot support which triggered us into a short trade. As has been the feature of FX, this has since been a slow mover, with price moving into profit and then pulling back to our entry point and remaining in consolidation since. However, the moves of last week have looked for more...
Griffin Mining recently broke through the previous all-time high. It struggled at first as the buyers were trying to gain some ground and as they found their footing, the momentum to the upside kicked in and we may be seeing the beginning of an impulse uptrend. The Daily chart (not shown) is using the 50 simple moving average as support as it makes higher...
Bovis Homes has broken out of a strong resistance level which was set back in 2007 at £12.20. In our previous post we mentioned that we could see a breakout soon. The reason was because we could see price making higher lows leading up to the move towards the resistance level. We now have that breakout we were expecting so what we need to do next is ensure that...
EURSEK was last mentioned in this post after price broke through a resistance level. Since then price has started to pull back which is a part of trading. If we look at the history of this forex pair, we can see that price tends to use previous areas of resistance as support levels so we will have to see if price will do the same with this recent support...
NMC Health continues to grow as price has broken through yet another resistance level. When we trade stocks we want price to consistently head up and remain above the 50 & 200 simple moving averages. NMC Health is a prime example of what we are looking for and has used the 50 sma as support along the way. Despite this stock having deep pullbacks and despite the...
EURGBP broke down through the consolidation support level only to return back to consolidation again. This forex pair has been in consolidation for some time now and rarely trends, but when it does trend there is usually a lot of profit for the taking. At the moment, price is above the Weekly 200 simple moving average and below the Daily 200 simple moving...
Tesco is gaining more and more strength as it attempts to release itself from the consolidation zone. In my previous post here , price had broken through a resistance level. The next level we need price to break is the resistance level of the consolidation zone. Should price fail to break that level then price may remain within the consolidation zone for a...
Abcam PLC broke through resistance after going through a period of consolidation and now looks like it wants to retest the support/resistance level. This stocks has been trending well since July 2014 and although the trend is consistent, this stock does experience periods of deep pullbacks. When trading a stock with deep pullbacks the trader has to bear this in...
We last posted on the GBPUSD on April 13th when price was approaching a key pivot resistance from January of this year. Looking at the daily chart, price is now at that resistance level and we can see the expected struggle between the bulls and the bears. It is at these levels where many will try and pick the top a trend and hope for a reversal. As price is...
Fairfx Group LSE:FFX may be coming back to retest the £1.00 round, see previous post here. If that happens then we have to see if price can regain strength and break out. The overall trend is still bullish and we should not be worried about the pullback, that is natural in a trend. We are still waiting for a breakout so just apply more patience in order to be...
The EURSEK is new to our blogs but one we do have long positions in play on. Yesterday, we featured the GBPSEK and the emergence of a possible bull trend. The EURSEK is looking just as appealing with a slightly more advanced setup with price action and hence why our long trades were placed. Like several currencies that we have highlighted, this currency was...
Keywords Studios has been going sideways since late last year and when we see a period of consolidation that lasts for several months, we do not want to enter on the first breakout. As you can see, the first breakout of consolidation in early March saw price return back into the consolidation zone. This is classed as a fake breakout. What we want to do as smart...
We last posted on the GBPSEK on April 7th when price had broken out of a circa 4 month consolidation and was showing positive signs of developing into a neat linear trend. This is exactly what we want to see as trend traders as linearity offer opportunities to enter, and more importantly, compound. Since our past post, the GBPSEK has continued to perform well....
Fairfx Group has now broken through the £1.00 round number with a strong bullish bar. I published an idea for this UK stock here where you can see price was just touching the resistance level at the £1.00 round number level. This level did cause a brief barrier for price as it hesitated before smashing through that level with a large bullish candle. The...
Tesco has broken the resistance level. The previous pattern consisted of lower highs and lower lows. This may now change to higher highs and higher lows and if this is the case then we may see a bull trend form. We would preferably like to see pullbacks that are not too deep and we want frequent breakouts in an uptrend which would indicate to us that we are in a...
We last posted on the GBPUSD on March 21st when price was showing signs of strength but still trading within the marked area of consolidation. Since that post, price moved further up, came back to retest the 1.4000 round number support level and bounced back to the upside. Price has used this support levels to spring board back towards the high of January of...