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Bullishcontinuation

EURGBP Long Setup - 4hr Breakout EURGBP can be construed to be in a continuation of its long term uptrend with a dispersal triangle pattern on the daily. If this is the case we are due a move back up to the uptrend and a breakout of this shorter term downtrend shown on the chart. As we are approaching the lower positive trend we are getting ever closer to a long opportunity where we will be targeting the level shown on the chart at TP1. We also have some bullish divergence to suggest a breakout move is on the cards. EURGBP has a strong bullish sentiment over the last few months helped not least by news events and subsequent predictions that the European currency is due to reach 1:1 with the pound as British uncertainty continues. Buy.
Long
by jamiekent123
USDJPY - Bullish Cypher+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Cypher Formation that is aligned with the underling bullish trend on 15M. I will use the Cypher as an entry reason for hopping on that trend. My 1st target will be 0.382% and 2nd will be a retest of the NSH (A's leg). Stops as usual beyond X, and X being a current structure level (correction move ended there) - so my stops will be not only beyond X but beyond, but they will be beyond current structure level - securing my Trend Continuation Opportunity. Good Luck! -Alex Professional Currency Trader & Owner of www.beaprofitabletrader.com If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
2
USDJPY - Bullish Breakout + ConfluenceFriday closed with an apparent Tweezer Bottom set-up retesting the descending triangle (See - ). A look at the 4hr chart confirms the price pattern breakout and subsequent retest. A successful test of the 50ema would confirm the Bullish momentum and might provide intraday traders an entry point. Sticking with Swing Trading strategies, a stop loss at 123.15 and main profit target at 128.00 provides a near 5:1 Reward:Risk ratio. Confluence includes: Tweezer Bottoms Low Test + Retest of Descending Triangle Keeping with long term trend Triple Bottom
Long
by ForexVader
GBPUSD: The Week Ahead (Day 2)If you're new to following me, yesterday I decided to dedicate an entire week to keeping you guys updated on a single pair. Below is a link to the Day 1 chart if you missed it or just need a recap on what I was looking at. The cable was very bullish yesterday an nearly pushed up to our projected bat pattern completion. Since then we've retraced and are setting up another potential drive to that level. With all of the heavy news out of the way today and the markets waiting on tomorrows GBP news and the USDs FOMC statement, I'm not expecting too much movement so I'll mainly be looking intraday for my trading opportunities. Here on the hourly there are two places that i'm looking to get involved on GBPUSD. The first would be a structure play at the retest of the potential Gartley patterns "B" leg and the other would be the potential Gartley which would complete down at 1.5517s. Jason Stapleton just informed our Syndicate members that he got short this pair around the 1.56 even handle as well. My guess is a structure play as we've just tested a previous level, but I won't know for sure about his thought process on this trade until our War Room meeting at 8:30am NY. The response was GREAT yesterday and it seems as if you guys are very excited about me trying this "1 Pair A Week" thing out. So I'll keep this going and if it continues to work well maybe it'll be a regular occasion. See you guys in the Live Room! Also if you're interested in seeing where I go to get my fundamental data from, i wrote a blog post last night sharing mu top 3 sources: tradeempowered.com Akil Stokes Chief Currency Analyst at www.TradeEmpowered.com Akil@Tradeempowered.com Check out my FREE weekly trading videos www.youtube.com
Long
by Akil_Stokes
11
ONE TO WATCH - AAPL Bullish BreakoutA very simple and quick analysis of AAPL stock. As usual there is not much reason to be bearish on AAPL (Apple) stock, with the release of its new products and a game changing new watch, there are no major fundamental signs or technical indications of a fall in price. After the usual post announcement pull-back and consolidation that seems to affect Apple, we seem to be nearing the limits of this symmetrical triangle that has been forming since the days leading up to the announcement back in the beginning of March. 3 bounces on the 50ema have proven it to be acting as dynamic support, matching the bottom trend of the triangle. The most recent bounce closed as a minor hammer/doji reversal candlestick signalling the end of the recent down trend and most likely a long move for the bullish continuation. Just like we have seen in the past with this stock. To top it all off we can see there is support at the 122.50 level, most likely a result of the 0.382 Fibonacci retracement zone. A good entry order for this stock would be 126.5, giving price enough room to breath through the upper trend line and reverse or take the breakout. A great stop-loss here seems a no brainer. 121.50, well below the 50ema and 0.382 retracement and also below the last swing low bounce on to the 50. Please like and share your thoughts and for more market analysis, visit - www.forexvader.com
NASDAQ:AAPLLong
by ForexVader