Our trade is doing nicely here, giving us more than 30% profits now, as my entry price is U$ 21.10. If you missed my call on UKOIL you can check it bellow the moment we saw an opportunity, and the reasons that drove us to buy. Also, follow me to keep in touch with our trades and analysis. The moment when we long UKOIL: Now it’s not the time to buy, neither to...
Candlestick Analysis: Evening Sar VS Strange Piercing Line UKOIL Tries to Escape From declination channel...
There’re no surprises here, UKOIL is doing exactly what was supposed to do. In case you missed, in my previous analysis I pointed out that Piercing Line pattern, and if triggered, it’s a long trade. Here’s my last analysis: If you like faster trades, the hourly chart gave us a nice and very technical trade. Yesterday I pointed about this pattern, Adam & Eve...
* Remember to support with LIKE and FOLLOW me for more analysis * The UKOIL did a Piercing Line pattern today, and if confirmed tomorrow, the price will have the strength to breakout the U$ 22.38 zone, which is an important one, as it served as support and resistance in the recent past. The stop would be the piercing line’s low, and the target could be around U$...
It's FRIDAY. On the watch-list for next week is UNT. Unit Corporation is an oil company out of Oklahoma. I believe it is about to reverse it's downtrend for some good profits and here is why. 1) The candle closed the day with a pattern called a Piercing Line. I won't get into the details of what makes it a Piercing Line, Google is your friend, just know that it...
I'm getting more and more bullish on BTC by the minute. Not sure if we will retrace much further. It's only the 30 minute chart, keep in mind that higher time frames carry much more weight. I started my long ladder at the orange line.
EUR/USD Head And Shoulders with Piercing Line at Right Shoulder Higher High and Higher Low
GBP/USD double Bottom with Piercing Line. 1st Bottom: Morning Star 2nd Bottom: Piercing Line
A Bullish Butterfly pattern has formed on the Weekly chart of the GBP/JPY. Point D formed between the 1.272 and 1.618 extension of XA. Point D is @ 1.519XA. Pattern data is on chart as well as Fibonacci Retracement targets. Remember, this is Weekly chart, be patient. Manage you risk. Stop should be place BELOW piercing line pattern. Happy Trading!