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Long-bias

NZDCHF BULLISH CONTINUATION FROM KEY LEVELNZDCHF is very bullish from the beginning of October. Setting a new high last week the price retraced to a key level. Retesting key support the price started to grow. Bulls managed to violate a falling wedge pattern, and duplicate the bullish breakout. Expect new wave upward to the key resistance level. The bias for the NZD remains firmly titled to the upside, and as rates keeps rising Also note that the RBNZ delivered on expectations to raise the OCR to 0.50%. As the hike was already fully priced, the lack of new hawkish tones we saw a textbook buy-the-rumour-sell-the-fact reaction in the NZD pushing lower. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses
Long
by legacyFXofficial
EUR/USD nestling support! Both looking susceptible to steeper depreciation vs their US rival, with the Euro only just recovering from a stop-chase through the 18 DMA (1.2060) in time to avoid more sell orders sitting at or beneath 1.2050. Nevertheless, EUR/USD also faces heavy and layered option expiry interest from the round number above to 1.2150, including 1.3 bn at 1.2100, 1 bn from 1.2115-35 and the same size between 1.2140-50. Overall further upside is anticipated over the coming weeks.
Long
by FTUKcom
12
AUDUSD Correcting. Uptrend still intact.#AUDUSD: (1D): Also here the USD is getting weaker, resulting in a clear uptrend, which is confirmed by the 200 EMA as well. After last complex consolidation, the chart has been overextending for quite some time, so consolidation was to be expected. (4H): On a shorter period indeed, we have a downtrend. We recently had a fakeout to the downside, when sellers tried to accelerate without result. (1H): Right now, we have a range which means indecision in the market. This also means that we could see a deeper correction, as well as a strong uptrendtrend rebound if broken to the upside. This aligns with gold analysis (AUD positively correlates with XAU).
Long
by Wikiwicks
2
Inverting the chart to avoid bias in trade selectionHave you ever taken a chart and looked at it from the flip-side? Why would you do that? To avoid bias. There is a long bias and a short bias. We all have biases, but just need to confirm it by a simple test. Plot a chart of SYM and then plot the inverse of the chart next to it by using 100/SYM. You can make the numerator any size you want to get the price scale you want. In the example above I used 10,000/DIA to plot the inverse of the DIA as a $59 stock instead of a $168.23 stock. If you see a difference in the charts then you have a bias and it would be good to take any of your charts and flip them over first to see before you take a trade. Look at the chart of the DIA on the top left. It looks more bullish to me than bearish and my eye sees the resistance as more likely to be overcome to my eye than the chart on the top right. I see the base as more supportive and the area above as a zone to retest and work through the resistance. Therefore, I have a long bias. I see the chart on the right as bullish (bearish in reality, the inverse). See what you find in yourself. We are all different and we also see different parts of the chart stand out to our eye when we flip it over. Check it out for yourself. Tim 11:58AM EST 10/7/2015
NASDAQ:AAPL
by timwest
6
GBP/CHF LONG BIASAS THE GBP CONTINUES ITS BULLISH MOMENTUM ACROSS THE BOARD IT COULD PROVIDE A NICE LONG OPPORTUNITY ON THIS PAIR. WE HAVE MADE 2 HIGHER LOWS AND RECENTLY SNEAKED IN A HIGHER HIGH. ALTHOUGH WE WASNT ABLE TO GET A CLEAN BREAK ABOVE THAT RESISTANCE IT COULD BE A GOOD SIGN OF THINGS TO COME. I AM NOW MONITORING P.A CLOSELY FOR A LONG SETUP. I HAVE HIGHLIGHTED THE AREA AROUND 1.4470 WHERE WE FIND THE 50% FIB LEVEL ALONG WITH THE ASCENDING TRENDLINE. IF PRICE HIT THIS ZONE WE COULD ALSO TAKE IT AS A RETEST OF THE DESCENDING TRENDLINE THAT WAS RECENTLY BROKEN MEANING SOME GREAT CONFLUENCES TO TAKE THE LONG IF WE GET THE RIGHT P.A. IF EVERYTHING LINES UP WE WILL BE LOOKING AT A POTENTIAL HIGHER HIGH TO BE MADE AT AROUND 1.4960. ONE TO WATCH HERE
Long
by UnknownUnicorn185710