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GBPAUD: AnalysisWhat's up traders, There is a triple top formed on the 15 minute, i'm waiting for price to fall and hit my entry (1.77118). As you guys know there was a huge gap this week and price has not retraced to the area that it gapped from. With there being a triple top i'm waiting to see if price will reverse and head to the last sessions low which is where I have my t/p 1. Right now price looks like it could go down but its retracing to the upside one more time before the fall, but things could change beginning of London session which is approaching in a few hours. Goodlcuk to you all, leave a comment below!
Short
by lobfxempire
2
Owens and Minor Long AFThis is a stock with strong fundamentals. There are a few key things about this one.The true bottom should be the 30 week MA at 4.50 and that would be amazing getting in at that price but... I feel like this stock has held up pretty well in the recent whiplashes in the S&P 500 and more importantly the 30 week moving average is pointing it straight up so I believe this will not drop any further. If it does, then capitalizing on the drop by buying it would make sense, assuming the market itself isn't taking a shit. Furthermore, you can see the MACD signaled this a few weeks ago, I love the MACD community indicator by ChrisMoody because it shows you a green or red blob when it crosses over. Then promptly after the MACD signal, the RSI crossed over on it's average and it's now centered. I think this stock has the momentum to push up rapidly in price. It's hard to say but around 13-15$ seems chill for a short term sell goal.
NYSE:OMILong
by eneakume
AUDNZD - Trade Idea for TODAY!Which way will it break? Nice clear chart with great support and resistance. You could even go and add other indicators such as RSI etc. I like this chart on the higher time frames as well. A break out of the bull flag or triangle, bulls are in control. However, if we do break to the down side, take the short down to the next support area, for bulls in control, target the next resistance. As I am aware we are in consolidation within the majors, but minors are offering great R/R trades. Remember: Just a trade idea, not a recommendation.
by Trade_Journal
EURCHF - **Trade idea for next week**One of the best performance when it comes to momentum. I've been trading this pair since the break out of the wedge formation we've had and the support/resistance lines are so clean. It's within a range at this moment of time. This weekend we have G20 meeting. I wouldn't enter this trade as it's Friday. Friday is a day where i'd enter quick scalps, go through my trade journal and seek out opportunities for next week. As it's within consolidation, we need a clear break out to either direction. If we have the bears in control, of course i'd look to target trend-line areas. However, if we carry on the bullish momentum i'd be targeting a 261.8 - The best opportunities is 161.8 or 261.8, the risk/reward is high usually with depending on where you'd entered. The fibs of 261.8 = nice resistance area as well. Great trade for next week opportunities - keep an eye out for G20 meeting this week. Be a hawk...! Remember: Just a trade idea, not a recommendation. Give us a LIKE & COMMENT on any other pairs you'd like us to analyse. Happy weekend to you all.
by Trade_Journal