GCAD is channeling bullish, it hits the resistance at 1.73225, which is a quite strong resistance, I expect price to retrace towards 1.70500 area ( half quarter ) before going Long again making a new HH, and breaking resistance and turning it into support.
Here is your entering point and set trade position. I'm looking this trade example for 1h chart for a first target. Our second target can be on the next bottom line (supportical resistance). Don't take second target for sure, because it depends on behaviour bias. I will just chill untill we reached first target and then take make a new analysis for myself what...
CAD/ JPY H&S on weekly. / daily it might be headed towards the 2009 low possible 1000 pip move
Follow to this triangle, I think th pattern will be crossed today on US session. I will give signal..
The pattern gives us Sell signal, lets wait of crossing the horizontal line
EUR price against USD dropped back to 1.1325-1.1335, where we started this week, now I commander you listed to this incredible smooth jazz for traders and start the day tomorrow. www.youtube.com lets see the news from Brexit and Asia session. Good night
I recommend to close your profit and wait for US session, also we have some important news from UK, about Braxit. Later today I will explain more ...
USD/JPY is responding to a key level of resistance. As the DXY start to reverse, I expect UJ to follow. I believe this could help UJ drop back to the 109's
I believe Bitcoin is about to take quite a dip. A double top has formed and price is now fighting it's way back up into strong supply zones which will ultimately force it lower. The 50sma is nearing the 200sma, which will soon form a Death-cross. Unfortunately there is no real demand below and I believe price will fall to around 6000.
A nice "drop - base - drop" has established a clear supply zone here on the 2 hour chart. I believe price will enter the zone and then immediately move lower as the sellers regain control.
Apple's correction is weighing heavily on the drop in the indices this week. A few demand zones on the 1hr chart have already been chopped up by the momentum of this move, but let's see what happens if price enters this nice strong demand zone around $162.20.
Nice fresh demand zone here on the 60min chart. Cautious about AVGO being in a strong down trend on higher time frames though. This move offers about a 7:1 reward to risk so I'm still interested with a slightly smaller position size. Confidence in the semi-conductor industry thanks to the blockchain boom, regardless of whether this zone holds or not. Let's see...
Awesome opportunity to go long here if DKS pulls back to the LTF Demand Zone. Yellow line indicates where price fell from after poor Q3 '17 earnings (no real supply here). If price breaks the line, I believe it will continue right on up to the LTF Supply Zone, making for another great opportunity to join this strong up- trend.
Explosive move away from this price back in mid Feb 2017, expecting Duke to rally up and out of this level quickly.
I believe their may have been some institutional buying of Litecoin between $240 - $255. The zone is no longer fresh but has only been tested once, with price rapidly leaving the zone. I'm a buyer at $255.
Demand zone identified here on GE. I used the 5min chart to zero in my proximal and distal lines. The zone has already been eaten into once but I'm confident that there are plenty more orders down here waiting to be filled, given the speed at which price has left this zone. I'm a buyer at $17.51.
This decision began with a look at the broader market on the Daily time frame. SPX was clearly up (retail levels) so I knew to begin looking for a selling opportunity. I then browsed through the sectors, noting that Telecoms were the largest % gainers (in line with the SPX direction). I looked up and left to find where price began it's last powerful descent, then...