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USDJPY Potential Bat pattern completion above structureHere at last we got a Bat pattern to look out for during the night, it got very good R:R but what worries me is that price have to come above structure before it gets to our buy zone! I only take this trade because we have a pretty high completion rate of Bat patterns on this pair. RSI is moving into overbought area so its good and you know the rules for Stops, Entry and Targets. If price goes south before hitting our entry the setup becomes invalid at the close below C point. Its been a busy night analysing i got 9 pending orders on my 10 pair portfolio and its 2AM right now so its going to be a busy nigt and day tomorrow with news and all. Its the name of the game! Please comment if you like these simple sharings from me. Kind Regards Thomas Jeff
Short
by UnknownUnicorn101425
3
Upside potential BTC/USDBeen really interested in the workings and concept base around Bitcoin so thought I would analyse it for possible opportunities. Seen a strong trend holding on the daily charts which is correlating perfectly down to the 4Hour chart. Some strong fibonacci levels in action here along side MACD and RSI indicating a pivot in momentum. Two potential targets set at weekly resistance levels between 289 and 295 levels. Looking forward to seeing this one play out.
BITSTAMP:BTCUSDLong
by Dylan-Rogan
EURUSD: Been Waiting All Week & Finally Got My ReasonAfter stalking the EURUSD this entire week, price action has finally made its way down into my kill zone and has also given me a reason to get long in the form of a bullish bat pattern that completed during the early London session. There are so many ways to take targets on this trade and instead of laying them all out I’ll just ask you these questions. Why are you involved in the trade (advanced pattern or trend continuation)? And (of course) What do your rules say to do? I know you guys hate hearing that, but hey, that’s the reality of trading. Each of us are different and as I tell my clients, your trading style should match your personality making it fit you like a fine tailored suit. BIG NEWS OUT AT 8:30 eastern! We’ve got USD: Advance GDP, Trade Balance & Unemployment. This should certainly give us some action early on in the New York session so be careful. The underlying market sentiment still looks to be very bullish the USD especially since yesterday’s (lack of hawkish tone) FOMC statement showed little movement before being shaken off my the market. Yesterday’s USDCAD didn’t go my way and if you’d like to read about it here’s the link to my trading blog. tradeempowered.com Also it’s Thursday so that means my weekly video is coming out so make sure you head over to YouTube and SUBSCRIBE to my channel, that way you don’t miss it. I’ll most likely be talking about dealing with failing strategies and looking at equity curves…we’ll see. Good luck today traders and let’s ROCK the markets on this wonderful Thursday! Akil Stokes Chief Currency Analyst www.TradeEmpowered.com Akil@Tradeempowered.com /@AkilStokesRTM / Forex Weekend Review Videos: www.youtube.com
Long
by Akil_Stokes
76
DXY / 1D / CYPHER WITHIN A GARTLEY?Hello and good morning traders, I hope you're all doing well in this weeks trading. I've analysed a Potential Cypher Pattern setting up within the Gartley we are also watching and we could be potentially hitting the 97.00 just in time for the NFP figures coming out. If they are to perform weaker than expected, then we can see a potential move to the downside hitting target 1s and target 2s. Something to keep on your radar for today's trading. Star Prosper Philip Stewart YOUTUBE CHANNEL: www.youtube.com
INDEX:DXY
by UnknownUnicorn168204
1
Potential $AKRX LongTHE IDEA AKRX is testing levels last touched in February. The potential to break higher exists if the market overall also continues higher from where it is trading today. THE TRIGGER If AKRX is able to trade above 52.78 with above average volume the day it does this could be good confirmation of buying pressure and a trigger to get long. The idea is to hold this for an intermediate time frame play to the upside beyond 55.86 (last hit in February). Fundamentally, AKRX is in solid shape and acting as foundation for a good strong move upward if buying pressure confirms.
A
by EJAgas
WHY AUDUSD MIGHT BE A GOOD LONG-TERM SHORTALL CURRENCY PAIRS IN WHICH THE USD IS THE DENOMINATOR HAVE BEEN FOLLOWING A SIMILAR ARC SHAPE SINCE THE 2009 RECESSION. AS WE CAN SEE HERE, JPYUSD, CADUSD HAVE REACHED THEIR PREVIOUS SUPPORT AREAS. ONE CURRENCY PAIR THAT HASNT REACHED ITS PREVIOUS LOW IS THE AUDUSD. ALL MARKETS WORK TOGETHER, THEREFORE I BELIEVE THIS PAIR IS LAGGING COMPARED TO IS RELATIVES. AUDUSD COULD BE A GOOD POTENTIAL SHORT IN THE LONG RUN AFTER ITS CURRENT CONSOLIDATION.
by YungFinance
ADEP Potential Trend Change - Reverse Head and SholderADEP, or Adept Technology, is a robotics company focusing on industrial automation, as well as software and vision guidance. Recently caught in a downtrend, ADEP seems to be making a reverse head and shoulder pattern, which could be confirmed within the next week. On the 15 min chart, there is also a cup and handle forming which if confirmed, could trigger a breakout. This puts the: --Buy point at 9.02 (on HIGH volume) --Stop at 7.71 --Target at 11.17 (Using the formula (neckline above the lowest point - lowest point)*.7 + breakout point) and then rounding to the nearest resistance line. However, beware; if a breakout does not occur and the recent slight uptrend is broken, the stock could hit 7.72, and later 6.66
ALong
by akap
1
MTZ setting up for a short and long term runAs pointed out by JXMFinancial, MTZ recently bounced off on a nice volume. I have expanded the idea provided with some more observations that made me take a bullish stance on the stock: - There is a long term uptrend and the price neatly bounced off the low of it. But wait, there's more - Technicals are all on the lows, *MACD in a nice setup to turn up for a long term run - best place to buy a stock *RSI, RMI, CCI are all on a low and turning up - Plus now we have a neat gap to fill at least while the technicals turn up The general picture turns really bullish after this, so unless some more news come out, i see the following: - Target 1: 32 ; I suspect at this level the MAs will cross and a MAcross signal will pop up - Target 2: 33.9 This coincides with the downtrend resistance 10% up from current levels and a nice place to book profits. - Target 3: 35.8 If it closes above this range, high chance of it heading to 37.4. - Sell Target: if below 27.87 The following levels just depict the forthcoming resistance levels towards the long term goal of the channel . The price will fluctuate of course on the road and may not reach the top should the trend change due to many yet unknown reasons.
NYSE:MTZLong
by A-shot
INOvio in a good position to go higher up, but in a lock atmThere is an interesting lock the stock is in now. It is in-between several key lines and the following days could tell the short-term future of the stock. for now it has been keeping itself on top of 2.50 as it is a key level. Several points lead to a higher position from here. - Major point: DMI, MACD, RSI, Stoch and Acc/Dist show potential up side from these levels, though it may dip lower before that as MACD, Dist, and Rsi have some room to dip to the lowest part of the range - The price bounced a bit from an area that is within the lowest range of the up-trending channel . - Wave counting gives a hint that it is either in the last wave still or ready to change the trend and get into a new wave count, with first one leading higher. - Price bounced off a strong support level several times in all the past sessions - Price seems to keep within the 150 DMA There are several indicators of a possibility of going lower: - The recent trading volume is weak, indicating not enough steam to push it through the recent down trend - A series of lower highs within the day view coupled with the first negative point shows the mood is for going lower. - Dipping lower 200 DMA may lead to a spill, next resistance at ~2.00 - Given the low volume, it is more probably the price will go down to 2.00 and decide its further action from there. It will still be attractive up to earnings at the price between 2-2.50
I
by A-shot