March Milk still trading within the bullish flag. A symmetrical triangle within the flag is also forming. The downtrend off of the high at A is preventing a climb further. Will take a little mustard to breach. This Gartley pattern could be extended up to a max of 78.6%. If Milk climbs further this pattern will turn Cypher. Also note that open interest is falling....
Class III MIlk moved higher today. Still within a Gartley pattern. A downtrending wedge may be forming here unless milk can move higher and into a Butterfly pattern. The pull back today is suggests a small pull back to 17.21 or lower. Next target for bulls is 17.80
March Class III Milk is creating a bearish flag to fullfil a Bullish Gartley setup. A downward wedge began this possible pattern. Prices may fall to 15.95 if bears have the willingness to do so. Happy trading.
NZDUSD can be bought, it was a long against the trend a day or two ago, and if it stays above the 'Bullish if above level' you can hold longs in it and aim higher. If it breas the resistance above (the low of the Brexit day) it could go and test the 'Brexit key level' which is the level sitting at 0.71342. I don't think it can go into a full blown uptrend, but...
$NZDCAD offers a low risk buy opportunity here. You can establish a position buying gradually at the close of each day until Friday's close. Position size should be 0.15 lots per every 10k in your account more or less. A stop loss is detrimental, but we want to see the low hold for a week here. Potential upside is considerable, so it's worth taking this trade as a...
Class III Milk found more upside on Butterfly pattern. Weekly chart shows a little more upside than daily chart to 17.5. Overbought scenario may indicate a drop soon.
Most of my friends recently have their babies and consider to buy milk producers shares. This stock reached historical Resistance at this moment. To consider a cheaper price, why not we wait a few more days, and let the share price re-test the support zone around $2.05 ? Technically, both Stochastic & MACD shown overbought signal.
Bellamy's Organic is Australia's leading producer hit historical resistance. According to VectorVest AUS market, BAL.AX had a fair relative safety of 0.93 and a poor comfort index of 0.60 on 28 Nov 2016. These figures can conclude that we short BAL. From my analysis, both Stochastic RSI and MACD are shown overbought signal. BAL.AX hit $12.15 and may have a less...
NZDUSD is at a good support zone, and could turn up from here, following gold, which is very oversold. I'm waiting to enter long here, I'd like to see how today's bar acts, to buy into strength going forward. You shouldn't rush into gold or NZDUSD longs right away, but, should monitor how today behaves first. The negative news surrounding New Zealand serve as an...
NZDUSD has a nice swing trade opportunity that can evolve into a continuation of the weekly uptrend. Buy a break of the last session's high, stop at the low. I copied a previous rally, after the weekly got oversold to get an idea of what to expect. The price tested Brexit support as well as an inside trendline in the weekly, so I think it's highly probable to get...
I had shared the entry in my monthly short publication (see related ideas) but today I had more clear confirmation that oil is topping against monthly resistance, so we can go long NZDCAD with stops below 0.8591. We can exit when NZDUSD catches up with CADUSD in the percentage scale chart to the left. If interested in my trading signals, or in personal tuition,...
Obviously you will have to select which targets you feel comfortable with on your own. One thing to keep in mind is target 2 may never get hit, unlike target 1 where there is a clear exit plan. One way to execute that exit is If target 2 (previous peak in price) does not get hit, keep rolling the futures contract until it does or until stop for entry 2 is...
The GBPNZD pair has been in a strong uptrend, and after topping in August 24th, when the stock market bottomed after flash crashing, endured a lengthy correction. The time for this correction now matches the time the advance took to form, and we're close to a perfect 0.618 retracement of it, which nicely lines up with many time at mode elements suggesting a long...
This is an interesting chart. I was under the impression that this was a running correction intially but the recent price action makes me think otherwise. The majority of the people are expecting a rate cut this week, during the RBNZ rate decision on Wednesday. With heavy UK data coming out tomorrow, volatility is a given and I think the bigger risk/reward ratio...
Analysis on chart + neowave wave chart (weekly plot) + a new indicator I coded. See related ideas for the code. Good luck! Ivan.
Ok, some traders noticed this vertical advance and want to short it. I do too, but not for now. I'll wait for confirmation before going short, but it looks like a potentially very good trade. It's reassuring that we are at the start of a new quarter, and many trends will start to reverse, and many pairs will come out of consolidation patterns as money managers...
Looking to go long NZDUSD on a retracement to my buy zone. The trade will be split in three orders. Stops will be directly under the low for one of them, below the red line on the chart, and slightly below the last bar open (factoring in the spread). This is a higher risk trade, but potential rewards make up for the exposure. I will risk 1% on the setup, and scale...