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Forexpositive

FTSE Market Technical ReportStocks and Gilts rose, but prices for industrial metals and the US dollar retreated after the minutes of the US central bank’s policy meeting were released overnight. The initial reaction from many traders and economists to the Federal Reserve’s minutes was that a December interest rate hike was now quite possible, but for some – especially the former – apparently not certain. The FTSE 100 ended the day in green by 126 points at 5900. In the day market, if it crosses the resistance level of 5950 on upside after consolidation, then it can test the level of 5970 and the immediate Support level is 5830. AVIVA PLC RECOMMENDATION BUY TARGET 490 The Major trend of AVIVA PLC it is showing strength for buying If it crosses the resistance level then one can initiate buying position in the stock. If it crosses the level of 480 then it can test level for the target of 490 with the stop loss of 470. CHART FORMATION:- Stock is trading in a range and trading near the trend line. Breaking the support line will lead to upside movement. Stock is trading above the 50 DMA with a negative bias. INDICATORS:- RSI is trading near to 62 levels with a positive bias, in upcoming session upside movement is expected. MACD and Signal line is sustained above the zero level line. www.tradingsignalreviews.com
LSE:AV.Long
by piponomics
12
Long on EUR/GBP BUY BUY BUY !!!Reasons for - We are clearly up trending - We are putting in higher highs and lower highs - We are getting nice swing highs and structure - Previous 4 hour candle was a bullish hammer (Bullish candle) - We have nice long wicks to the downside which signals more buying power - We are above key level of 0.75000 Daily - We put in a huge Bullish engulfing last week Friday - Today we are forming a bullish hammer of the Daily candle - We are riding the trend which is bullish - Remember the trend is you're friend weekly - We have had 8 bullish weeks in a row the momentum is to the upside which is clear to see - on the weekly we cleared major level off 0.75000
Long
by ARFXC
Short on USD/JPY SELL SELL SELL !!! (Risky) Reasons for - Clearly price is putting in lower lows and lower highs (Clear Downtrend) - Price broke key level at 120.00 A week back so we maybe heading to next key level ? - Price has put 3 touch on short term 4 Hour trend line - Price put in doji the a bearish engulfing and clearly bearish candle then another bull green candle then another gearish engulfing so clear sign the sellers are in control at the moment pushing price down - We are creating a type of right angle triangle with key structure level (Meaning a strong push of the breakout will occur) - Daily - Previous daily candle was a bearish hammer - On the daily we are clearly down trending so we are following the trend (The trend is your friend) - We are also making lower swings - Price is trading bellow previous key level before cleared on the daily and weekly (A sign that we are looking to go to lower level if enough momentum) So all these confluences clearly show more potential to the downside therefore i will be entering My ENTRIE WAS 117.216
Short
by ARFXC
2
EURGBP hovering near inverse head and shoulders necklineSome numbers on this inverse head & shoulders (H&S). a) tip of head is at 0.6950 b) neckline is 0.7500 c) total height of inverse H&S is thus about 550 pips d) the projected price target for the completion of the pattern is at 0.8050. EURGBP has not broken decisively above the neckline (in blue zone). As such, if there is a pullback towards 0.7400 support zone, it offers a good chance to go long. Long EURGBP 0.7400 SL 0.7350 TP1 0.7750 TP2 0.8050
by Forex_Positive
GBPAUD buy setup.HAPPY NEW Traders. Hope all of you had lots of fun. Looking to buy the GBPAUD after a correction. As a New Year gift to the trading community I will be opening my daily webinars to EVERYONE for this entire week , so starting from today 8 am NY time you are all invited to join me twice daily in my London webinar 8 am London and NY 8 am NY time . See all of you today 8 am NY time, we use join.me for our webinars so google "join.me" download the app and I will post the code later in this chart. (read how to use join.me)
by anilmangal
120
Structure Trade & Bullish Gartley All In Play on USDJPYFollowing my post from yesterday, the market has now come back a little little deeper than where i said it would but it's still a valid long trade in terms of the structure trade i posted yesterday and if you're a pattern trader instead, the market has given you another alternative by forming another gartley pattern which has just completed. I'm still gonna be staying out of this trade because my second target from the first gartley i posted a few days ago is still open. Another good thing about this trade is the fact that my RSI is showing oversold conditions so i expect a pop back up from this point, so only time will tell now. www.tradewithme.co.uk
Long
by JoMarshall
9
USDCAD expecting a bounce USDCAD has been declining non-stop from 1.3450 to 1.2900 as of this writing. That's a whopping 550 pips drop without any significant correction rallies. USDCAD is due for a rally soon. If USDCAD drops to 1.2780-1.2800, it would be an excellent buying opportunity. Its a support zone, as represented by the blue zone. Its also a possible point #3 in the uptrend channel. Long USDCAD 1.2780-00 SL 1.2700 TP1 1.3000 TP2 1.3300 ===== www.ForexPositive.com Twitter @ForexPositive =====
by Forex_Positive
EURCAD forming a right shoulderFor EURCAD, a inverted head & shoulders pattern is emerging. The neckline resistance (in red rectangle) is clearly visible around 1.3740-60. If EURCAD retraces to the 50% FIB level, this would coincide with a prior support zone (in green rectangle). This support zone at 1.3390-00 is tested 2 times. Look to enter a long position if EURUCAD pull backs to this 1.3390-00 support area. Hopefully, we may be able to catch the beginning of the formation of the right shoulder too. Long EURCAD 1.3390-00 SL below 1.3350 TP1 1.3750 TP2 1.4000 ===== www.ForexPositive.com Twitter @ForexPositive =====
by Forex_Positive