Box-breakout
WTW - Falling Wedge / Box BreakoutWTW has been consolidating for almost 4 months.
It has stochastic divergence at the breakout point of a falling wedge.
This signal should move the price to the top of the box and possibly a breakout.
Buy: 44.29
Target: 46.24 - 49.38 (4.40% - 11.49%)
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One Guess? $BTCUSDI'll give you one guess where we're headed? Ignore the Overbought status for a bit!
USDJPY 4HUSDJPY after it broke box range dropped all the way down filling the gap @ 109.50 as we know gaps serve as support in this case.
If price breaks below gap support the next target is 108.50
EURUSD 30' Bull Flag BreakoutFX:EURUSD
I'm long again on this Bull Flag breakout. The market reading is the same as today earlier, but with a different timeframe and momentum.
The actual candle just formed a big Bullish Outside Bar, breaking up the consolidation box and showing the strong up momentum.
The day trading relies good part on timing and momentum, it's important we realize that.
USDCHF soon to end dancing around parityUSDCHF has been moving around parity but its dancing days might (hopefully) be almost over.
In the last days the pair bounced between two important moving averages: the 100 SMA and the 200 SMA (in the chart, the Turquoise and Black ones are actually EMAs though).
And all around the roundest round number 1.00000.
The SMA(100) and the SMA(200) are getting closer and closer: this could mean a breakout due soon.
Update your watchlist!
USDCHF soon end dancing around parityUSDCHF has been moving around parity but its dancing days might (hopefully) be almost over.
In the last days the pair bounced between two important moving averages: the 100 SMA and the 200 SMA (in the chart, the Turquoise and Black ones are actually EMAs though).
And all around the roundest round number 1.00000.
This could mean a breakout due soon.
Update your watchlist!
AUDJPY in a box for too long: will it break?AUDJPY has been consolidating in a Box for 10 weeks now and started to form a Wedge inside that box in the last 5 weeks.
The pair will thus probably give a good breakout soon in one of the two directions with different level of Targets.
Patience required to plan the setup.
AUDJPY in a box for too long: will it break?AUDJPY has been consolidating in a Box for 10 weeks now and started to form a Wedge inside that box in the last 5 weeks.
The pair will thus probably give a good breakout soon in one of the two directions with different level of Targets.
Patience required to plan the setup.
OIL Brent Crude OilOIL under observation for possible LONG positions.
The indicator in my algorithm has shown good results in this last month on the Daily chart (blue rectangles in the original post on my blog).
This ticker has been ranging in a box between 53.00 and 56.85 (apart from a couple of false breakouts long) which suggests - together with macro indicators - that the price is being contained in that area.
The moving averages on Friday seemed to be pointing to the LONG side and a price confirmation would trigger the trade.
Another interesting indicator would be the breaking of the level at 59.00 which might potentially skyrocket the price in the area of the 67.00.
A box break Long would thus have a first cap at 59.00 whereas a break Short would meet a first support in the area of 49-ish and another further down to 44.5
Given the bullish sentiment for this ticker, even in case the breakout goes short at the moment I would aim at the first take profit, as it is currently not probable that the ticker depreciates down to the 44.
Prices refer to this chart and may vary with other platform/brokers.
I always discuss and follow up these ideas on my blog.
EURGBP breakthrough out of the box#EURGBP has been trading in a box in the last week.
Macro indicators from all sides show the weakness of the GBP, so we expect a breakout LONG with some levels of TP for the short/medium term:
around the 88, around the 89 and then further up to 89.5 and over to be confirmed by technical indicators.
A bit of reassessment was expected to happen at the market opening, but an entry point just above the box with a SL just below it and a first TP at 1:1 Risk-Reward-Ratio should be a good strategy, leaving a second TP to run further up for a bigger return (based on former support/resistance level off the chart).
Prices refer to this chart and may vary with other platform/brokers.
I always discuss and follow up these ideas on my blog.
EDIT :
In actual fact, the market opening left a huge gap in all currency pairs involving GBP.
This brought to an initial covering of the gap, that forces us to reassess the technical analysis before committing to the strategy pre-market opening.
The H4 chart seems to show that the upwards trend is regaining strength and the position for this week for me is still LONG.
Moved the SL just below the upper limit of the box though (already hit the TP1 point anyway).
Pre-Fed Hike Set ups GOLD/USDThere was low volume since it since like people are not that excited to move the price around the night before the fed hike D-Day. Here are my set ups for tomorrow. Got some extra $DUST and $JDST today on the dips that occurred today. I will expect lower volume tomorrow prior to the release/Yellen Speach. Stay close to the button when it hits 2PM EST.
My call is Bull USD/ Bear Gold for tomorrow, like everyone else on wall street.
Like always safe trading!
MACD is showing a slow reversal, Can Gold bulls pull this up?STOCH and MACD is showling a slow reversal into a bullish motion.
Not claiming that gold has hit bottom, bc we are still in a bear strong trend.
Let's see who wins this fight inthe 1160-1156 range.
Early Bear run for Gold into 12/9/2016During the Asian Market, if gold is able to break the blue barriers at 1167.40 it till continue in the red down channel. If it is able to use it as a support it can return and retest 1170 mark. if bear continues to go past the first blue, see anther blue support at 1163.40 which it had difficulty in the past. Keep you eyes on the USDJPY and USDEUR to support your plans.
safe trading.
Gold 12/8/2016The tight 1170-1172 range will determine the trend for the day.
Whoever is able to proper break those thresholds ride that wave.
as always, safe trading!
Bear gold trendExpect to see a bigger fall if bears can bring the gold price to cross the 1172 threshold marked in red line.
If somehow the bulls are able to bring it back up to 1176, it can trend up to 1180 (next resistance level).
THe odds are on your side if you are following the bear train.
Safe trading y'all~
Bear STOCH/MACD momentum let the Gold battle continue.The gold bulls will try to bring the price back up to 1170. Buying up every dip in the yellow box. However, Bears also have a plan of their own. They will be striving for their next goal which is the support of 1165/1160.
Remember,
Safe Trading!
Gold broke 1170 lets see the Bulls and Bears duke it out. The fight/focus area is the yellow box.
Bull will try their best to retake the new resistance of 1170.
Bears are gonna try to ride that momentum near the new support of ~1160, while also battling the dowwnard channel that has been alive for the past few days.
Safe trading!
