An Ascending Triangle for MARICO!!!The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern!
For target measure the distance from the start of the pattern, at the lowest point of the rising trendline to the flat support line. That same distance can be transposed later on, starting from the breakout point and ending at the potential take profit level!
Swingtrader
USDCHF: Your Trading Plan For Next Week 🇺🇸🇨🇭
USDCHF is trading in a long-term bullish trend on a daily.
The price is currently testing a key horizontal resistance.
I am waiting for its breakout - a daily candle close above, to buy.
Bullish violation of the underlined blue are will give us a strong bullish confirmation
that will push the prices at least to 0.92 level.
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EURJPY: More Growth is Coming?! 🇪🇺🇯🇵
EURJPY turned very bullish after a release of US PMI data today.
We see a new higher high higher close on a daily with a breakout
attempt of a key horizontal resistance.
Daily candle close above will confirm the violation.
A bullish continuation will be expected 166.5 then.
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AUDUSD: Potential to Go Lower 🇦🇺🇺🇸
AUDUSD broke and closed below a wide, significant horizontal demand
cluster on a daily time frame.
The broken structure turned into a supply zone now.
The next historical support is around 0.636 level.
It is most likely the next goal for the sellers now.
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CHFJPY: Important Bullish Breakout 🇨🇭🇯🇵
CHFJPY formed an ascending triangle formation last week.
Yesterday, the price bounced and formed a high momentum bullish candle.
It managed to break and close above the neckline of the pattern.
The pair may continue growing.
Next goal for buyers will be a falling trend line.
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USDJPY: Back to 1990's 🇺🇸🇯🇵
152.0 key horizontal resistance kept absorbing bullish
pressure for almost 2 years.
This week, with the release of CPI data, that structure was broken
and the market set a new very important higher high.
The next historical structure that we can find is based on the price
action in 1990th.
159.0 - 160.0 resistance cluster is the next, closest key resistance.
A recent bullish breakout opens a potential for a further bullish continuation to that
psychological structure.
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USDCHF: Important Breakout 🇺🇸🇨🇭
USDCHF broke and closed above a key daily structure resistance.
We see a positive bullish reaction after a retest of a broken structure.
Because the market is trading in a long-term bullish trend,
probabilities will be high that growth will continue.
Next resistance - 0.92
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GBPAUD: Massive Breakout 🇬🇧🇦🇺
GBPAUD broke and closed below a wide daily demand area last week.
We see a retest of a broken structure after a release of the yesterday's fundamentals.
I believe that the fall may continue from the underlined red area.
Goal - 1.913
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DOLLAR INDEX (DXY): Bullish Market & The Next Target 💵
As we discussed on a live stream, Dollar Index perfectly respected
a demand zone based on a recently broken horizontal structure and a trend line.
The price just set a new high, confirming the strength of the buyers.
I believe that the next goal for the buyers will be 105.88
- the next historic structure.
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CADJPY May Go Higher! Here is WHY: 🇨🇦🇯🇵
CADJPY formed a huge inverted head and shoulders pattern
after a test of a key horizontal daily structure support.
Because the pair is trading in a long-term bullish trend,
chances will be high to see a bullish movement to higher structure levels.
Goal for buyers: 112.14
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AUDNZD: Growth May Continue 🇦🇺🇳🇿
AUDNZD broke one more horizontal resistance last week.
I think that the next goal for the buyers will be 1.0935 level - the next historical structure.
I will expect a bullish continuation to the underlined yellow area.
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NZDUSD: Top-Down Analysis & Trading Plan 🇳🇿🇺🇸
NZDUSD broke and closed below a key daily structure support.
The broken structure turned into resistance now.
We see a retest of a broken structure.
To short the pair with a confirmation, pay attention to
a bearish flag pattern on a 4H time frame.
Its support breakout - 4h candle close below will confirm the strength of the sellers.
A bearish continuation will be anticipated to 0.597 support then.
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VINC Biotech Penny Stock Followup Swing TradesVINC was a penny stock and is now in the near penny category as this biotech stock has had
a great run in the past 10 days. On the 30 minute chart, 225 shares are bought at low prices
and 125 shares are sold for profit with 100 shares still running as the momentum slows.
Overall, the trades where profitable averaging 12% daily in an average trade of 4.5 days.
Time and effort in the trade were minimal as the price action was monitored by alerts
and notifications as to price to moving average and moving average to moving average crosses
as well as dips and peaks of RSI under 40 or over 70 to notify for potential buys or sells
in this zig-zag strategy which intended to optimize profit and minimize time and effort
in trading.