Has GBPUSD bottomed? Price action suggest that it has. Since GBPUSD dropped to $1.036, higher lows pattern have formed WITH contracting pattern (tightening). From that pattern I drew a trendline. Price broke the key moving averages confluenced with the trendline break. Currently price is retracing back to its mean 50/100/200 after testing several times the $1.163...
Notes: * Strong up trend on higher time frames * Excellent earnings track record * Basing for the past ~10 months * Forming a cup and handle pattern while basing * Printed a pocket pivot signal, indicating institutional buying * Volume on the daily and weekly time frame seems to be increasing as well * Strong resistance around the $90 area Technicals: Sector:...
Notes: * Very strong up trend on the weekly/monthly charts * Great earnings for the past few years * Basing for the past 19 months * Creating a cup and handle * Trying to break out of the handle * Strong resistance around the $85.4 area Technicals: Ticker: $ENSG Sector: Healthcare - Medical Care Facilities Relative Strength vs. Sector: 28.52 Relative Strength...
>Good formation of the triangle pattern happened but the most important thing we need to watch for is good Volume build-up! > The upper Trend Line should be broken with the good volumes is the only concern! >Good formation of 'V' Shaped Candle Sticks is happened just below the 20 DMA. >The 4 Supports Levels are significant because they represent the higher low's...
Price has decelerated to a strong bullish trend line and horizontal support (was once resistance), along with bullish MACD. The Pound has been bearish across most pairs lately so make sure price confirms support (don't catch a falling knife). Entry is placed above last daily high and stop below last daily low. Move entry points day to day if price is not...
AUDUSD - Short @ 0.78750 1W IND: 20 SMA / 50 EMA Area of Interest: 0.78750 > 0.78970 T/P 1 @ 0.7770 T/P 2 @ 0.7733 T/P 3 @ 0.7700 Extended @ 0.76600 * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources...