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Expansion

EURGBP - Consolidation Lead to Expansion The EURGBP is currently in a state of sideways movement which is called consolidation. Consolidation leads to expansion, so as i analyze this price chart they question that I want to ask myself is IF Price action breakouts out to the ___ side THEN where is it likely to continue to. Doing so will allow me to see if there is enough potential profit (with limited risk of course) to create a trading opportunity. This pattern formation is called a bearish flag and it traditionally breaks out to the downside. However, because the consolidation occurs at a previous level of structure, I's fair game either way in my opinion. Akil "Today is the start of our busy news cycle. Be safe out there traders!"
by Akil_Stokes
34
USDCAD Sell IdeaW 1 - Price broke below 61.8% and it is now re-testing this level. We are after sells in the longer term. D1 - Trend line, Fibonacci Retracement 23.6% and 61.8% Fibo Expansion, they all come to the same zone. Will that be enough to stop this rally? Let's wait and see. What we know for sure is that we want to pay attention to this level. H4 - Divergence already forming. We are inside the strong resistance range. There is a new updated up trend line that we are following. Conservative Approach - Double trendline breakout principle or wait for the trend line and most recent low to be broken down, then short pullbacks.
Short
by VladimirRibakov
MACRO VIEW: MORE EURUSD UPSIDE IS PROBABLEEURUSD has broken above 1st standard deviation from quarterly mean (66 days) amid expanding volatility (measured by 3.2 standard deviations from quarterly mean) Upside probability is apparent, and the closes target is 1 year mean (264 days) at 1.1685. Move is confirmed when price breaks above relevant highs (1.1485) Stop level is quarterly mean (at 1.1085) However one should watch out for oil trend. If WTI oil keeps falling, EUR is likely to follow (as happened back in 2014 autumn)
Long
by Killy_Mel
FX CHART OF THE DAY: USDCAD LONG (UPTREND PROBABILITY)USDCAD has broken above the 1st standard deviation from its weekly (120-hour) mean on Wednesday (June 22) amid highly compressed volatility. Since then USDCAD trades above the 1st st deviation, while the weekly volatility shows clear expansion, which indicates more upside probability purely on technical basis. It is thus possible to look for long positions at pullbacks to the upper 1st standard deviation from the 120-h mean (now at 1.3015), with stops right at the mean itself (now at 1.2980). Traders should also consider news events coming out 12:30 GMT (Canadian Retail Sales and US Jobless Claims), which can trigger unexpected price volatility on USDCAD.
Long
by Killy_Mel
Mirroring, Harmonics & ExpansionsI expect a mirroring of the price action from the left side of the B point. Thus the CD leg should have the same (negative) slope as the XA leg. Then I noticed that it would form a harmonic pattern and I checked out the harmonic ratios. Turnes out that all are fib ratios. The OTE sweet spot is actually a fib ratio, too, but not many know it. Out of interest I applied a fib expansion on the last beakout leg (broke out of inverse H&S) and the typical target 0.764 - 1 falls right into my previously established target area. To sum up, there is great confluence of resistance around 275 where I will be looking to sell. Rightnow at 245 it's still a clear BUY up to 270 minimum ! Also check out the MAGNUS® Cycles on Bitstamp daily. It just plotted a rare buy signal aswell ! You can find it by typing "magnus" in the search box within the indicator menu. Good Luck with your trading and take care :) If you have any question feel free to PM me or leave a comment bellow.
BITFINEX:BTCUSDLong
by MagnusTradingGroup
4
PFE Energy Inc in the BUY ZONE for long term entryThe concept here is to use the KEY EARNINGS LEVELS as the important beginning and ending for your regression analysis. That way you KNOW the first and last points are extremely important price levels for the stock you are analyzing. Many times people use various, inconsistent methods to determine where to begin and end regressions and it yields unacceptable results. I am all about doing analysis that can be repeated and later re-analyzed, which is why I like my Time@Mode Methodology (see my other charts here at TradingView). \ I added a "hanging wire" to highlight the beginning and end of the regression (just for visual reinforcement) I also added the "Range Expansion" that is happening today (see the tiny, white triangle and "+++ RgExp") to give me a heads up that someone is aggressively buying the stock today (or short covering) and that is always a good sign to begin to establish long positions. As a side note: The ATR of PBF is at the lowest it has been in it's entire history, which doesn't mean that it is LOW RISK by any means, but it means it is LOW VOLATILITY. Low Volatility can mean "no interest" and it can mean a host of other things too, like a one-sided market where everyone is slowly doing the same thing (selling or buying) and driving a stock price in a particular direction waiting for some reaction back from the market, the company or Wall Street Analysts. I put the "WOW" at the top there because that's when it looked like PBF was breaking out and acting unusually great... "WOW" seemed to fit nicely. It briefly continued the breakout, bringing in all kinds of technical breakout traders and then promptly dove down from there to wash out any hopeful breakout traders. Do some Due Diligence. I went to the company's annual meeting in New Jersey in May (Parsippany) and didn't find out much from that, other than they don't like telling their story to a room full of investors. Only 4 outside investors were there. For now, this is just informational for you to see how to draw "KEY EARNINGS LEVEL - REGRESSION POINTS" Tim 26.73 last PBF 10:54AM Friday, June 5, 2015
NYSE:PBFLong
by timwest
9
GBPNZD and EURNZD a Tale of 2 rangesThe MTAutofib indicator is picking up the highs of 2006 and the lows of 2012 on the GBPNZD - current market structure was can see a sideways channel or volatility zone the lower which was set in 2012 and 2013 and is still in play 2014. The most notable effects of time must be the range of this volatility zone and the range contraction of all FX markets from this period -whereby the ATR in 2012 contracted - expanded in 2013 and contracted again in 2014. To the point where i would seriously question the usage of any educator/broker offering a day trading system that relied on taking a scoop out of the intraday range... Swing trading must surely be the only way to trade here with good odds... -or at least day trade after looking for some condition that can be utilized on an intraday entry such as a breakout, fake out and continuation or bounce at support or resistance. So we can see on the charts the Euro is almost at its low once more - or is this the 2014 low? Could we be looking at a double bottom with 2013 - or a higher low.. followed by some range expansion? What has the NZD got that Eurozone has not? EUR has retreated somewhat from the GBP and so the charts look balanced in relation to each other. We can speculate - but all we have to do is wait and then employ a technique for entry. The GBPNZD has managed to hold on to some of its gains and is static above a support zone of a 12% retracement... from 2006 to 2012 - if you took the double top at 2008 and 2009 to 2012 its much the same story. So range constriction, congestion and a clear sideways volatility zone - looks like a great pair to watch for range expansion and a breakout or retest of lows soon.... so neutral as we sit and wait.. So it's possible to Buy the bounce or sell the breakdown on the GBPNZD..and time that with a session open or weekly open perhaps. I would expect some retracement back towards the 2009 highs 23% and 38% -longer term. It's just not clear if that is now... The MTAutoFib and others can be leased from chart >indicators > marketplace add-ons> microtrends
by microtrends