Breakouts
GBPCHF breakout and continuationGBPCHF broke out of the flag of the bearish flag patter confirming it.
Consolidation and retesting of the previous support now turned resistance happend and the price is now moving further down with the next possible consolidation area at around 1.4290-1.4190 before going further down towards 1.38 which would be the end of the bearish flag patter.
Above scenario will be negated if the price suddenly turnes back up into the 1.46-1.48 area and even breaks out of 1.4820.
Potential Gold breakout scenarioGold looks like its setting up for a bullish breakout.
Targets on screen.
Trade with caution! We all know what GOLD can do!
Netflix at support Netflix has been trading in a contracting range. Seems to be forming a wedge. We are currently at support and seem to be forming a double bottom which could signal a wedge breakout. Our first TP should be at the top of the wedge. If we do breakout our target would be around 103.
GL
EUR/JPY Symmetrical Triangle BreakoutI'm guessing there's going to be a nice breakout coming up. Any opinions? I'd like to hear what others think.
Aud/Nzd Analysisaud.nzd Trade Idea. strong Support Level Has Been Broken so wait for it retracement.. We Will See Bearish Priceaction At New Resistance Level.
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EURUSD could result longterm upEurusd trading in channels, We have a triangle formation and if the price breaks above then it could result an uptrend to
1.2550 to 1.3000. We could also have a close look at the RSI where it completed the prior low with bullish divergence. It will be a If then theory, If we have a good close above the triangle then we can surely say its going to upside :)
Target is the old support which became the resistance.
Lets wait and watch what happens. Please share your thoughts.
EURGBP Long is possibleAs you can see from the explanations on the screen we are lining up for a possible bullish setup on EURGBP.
It really depends on specific price action and candlestick analysis
Bullish Near-Term Setup In Wells Fargo SharesToday, 10,000+ WFC Mar 20 $56 calls traded with the vast majority being bought for $0.35-$0.45 each, against no previous open interest. For every put that traded in the session, 2.5 calls traded (18,568 total).
Talk of a Fed Funds rate hike later this year is bullish for financial companies like Wells Fargo and the stock remains relatively inexpensive. WFC trades at a P/E ratio of 13.25x (2015 estimates), P/S ratio of 3.42x, and a P/B ratio of 1.70x. The top line is projected to increase 3.9% this year and accelerate 6.1% in 2016 ($93B).
Looking at the daily chart above we can see another 1% or so rise in shares would confirm a technical breakout (confirming the fundamental analysis and options activity). A low risk way to play it would be via Mar 20 $55 or $56 calls or via longer dated bull call spreads (July $55/$60 call spread) for a favorable reward/risk ratio to the higher $50's/low $60's.
