BASE
GBPAUD Long Analysis 8/5Looking at the daily chart at GBPAUD you can see that the ichimoku clouds are looking into switching from sell to buy, so to me it'll be a perfect time to put in a buy. I can see it potentially reaching the resistance zone 2.04797. Let me know what you think. I am still new to trading.
PLUG 5+ year base, wedge breakout comingPLUG currently consolidating in wedge for approx. 2 months with support found on an up-curling 50 day SMA. Uptrending its way out of a 5+ year basing pattern (this thing seriously looks like a Gold stock), the wedge is located just under major resistance, which is all of the congestion of the 2014 selloff from the highs. Theoretically, PLUG is in the Wave 3 from an impulse wave that began in 2013, with a 1.0 (minimum) extension to +$12, the 1.618 takes you nearly to $20 (ignore date associated with Wave 3 completion) and of course more upside is possible). I I am looking to buy the wedge breakout @ approx. $4.5 and give this one some space and time. Short term target would be range of wedge/channel + breakout level which would put you @ about $5.50, or just below the prior highs, so there is potential for timely profits.
-This chart appears to be a perfect mix of a short term opportunity which is in the midst of a very bullish long term trend, hence, a potentially great trade, as this wedge breakout may give way to a substantial move higher within that longer term Wave 3.
-You could view this as a massive cup and handle as well. All the same to me. When the rounding bottom is this big, I just call it a base.
EUR/USD Buy Limit H4 (Institutional)The price seems to be going up but we have some selling candles very strong that show that we could may go for those imbalances and base patern. We are waiting for the price to arrive to those points so we can buy a sniper operation until an institutional candle which didn't get correctet.
GoNoGo Charts sees bullish signs for EURGBPThe daily GoNoGo Chart of the Euro / British pound cross looks like it is forming a base. The GoNoGo Trend is showing “NoGo” but it is weakening as depicted by the paler pink bars.
We look to the GoNoGo oscillator to confirm the price action and if this “NoGo” trend was strong then we’d expect it to find resistance at zero as it did from the 22nd to 27th of April. However, the current price bar has been strong enough to push the GoNoGo Oscillator into positive territory for the first time since the highs of march.
If the momentum can stay positive, expect a leg up in price out of the consolidation zone.
Us30 - from FridayPrivate trade we took
Cannot upload everything we analyse - but this one was necessary as the target is was left to its own device here.
We only used a 0.5 contract to run to the target
and closed the other 1.00 before at target I.
The reason for the trade?
W bottom formation - included a double bottom on the 15min pattern.
We entered early and then as the rejection of the double bottom. again.
With indices you have to use a larger stop but with correct entry points it is possible to have smaller ones.
The base consolidated in the box and had some rejection wicks. we waited for the zone to re-enter to signify a fakeout.
This is Scandalevery human and even apes can understand this thing. it is not appropriate. something is not right about economy since 2008 financial crisis. central banks was pumping money to the economy and now this bubble is bursting and they blame covid-19. this began 10 years ago. corona virus began 4 month ago! if someone is telling you markets are down because of virus you can punch at him/her face. virus just picked up a needle and putted it on this bubble. have fun world, the biggest scam in the world was USD and now you are selling everything to get fiat. this will ruin the world.
why usa cant be a normal country?
ASX: Prodigy GoldFactors
1. Price has experienced a LT downtrend (Starting August 19)
2. Price slowly building a base with a short term resistance at 7c .
3. EMA is converging
4. There is an overhead gap at 8.3c which I would be looking to target, 10.5c if we're feeling more ambitious.
Possible Reasons For Failure
1. No breakout/bullish price action at 7c to initiate trade
2. Prices may continue to downtrend
3. Base may breakdown
Watchlist and keep an eye on, mainly at 7c level.
ASX: TitomicFactors
1. Price has experienced a LT downtrend (Starting May 19)
2. Price slowly building a base with recent price action respecting that lower and upper trendline.
3. EMA is converging
4. There is an overhead gap at $1.45 which I would be looking to target.
Possible Reasons For Failure
1. No bullish price action/candlestick pattern to initiate trade
2. Prices may continue to downtrend
3. Base may breakdown
4. Target might be too optimistic
Watchlist and keep an eye on.