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Facebook update: Back in the buy zone for long term holdFacebook: If you're not already long of Fb because you thought you maybe missed that boat, you're wrong. This has so much further to go but only about $1 downside from here. Last change to get long or pyramid winning positions from current levels.
Possible Elliot Triple Combo formation occurance on USD/DKKAs you can see in the 1 hr timeframe, you'll see a downward trend emerging in a WXYXZ pattern with the Z hopefully play part in the formation.
Also drawn on the chart was a green support zone which indicates the market moving to the uptrend as the previous candles are touching this support line approximately 4-5 times.
This gives me enough indication that the market will hit to the upward and rally on until it hits the Z formation of the pattern and begins to downtrend to continue on the pattern merged previously.
SL and Take Profits are all listed.
EDIT - downward channel breakout Long trade from $25.21 to 31.37EDIT had a lovely flag setup. It continued further up and started to consolidating within a downward channel. Now it seems broken out the channel formation. We think it has good upside potential from here.
* Trade Criteria *
Date first found- March 13
Pattern/Why- Flag formation; Downward channel breakout
Entry Target Criteria- Break of $25.21
Exit Target Criteria- $28.37; 2nd Target - $31.37
Stop Loss Criteria- $23.27
Please check back for Trade updates. (Note: Trade update is little delayed here.)
EUR will grew again _ BUYMy price action telling me that with opening the market until night 27-FEB before london session and the impact positive EU- newses will rise market to touch the resistance area may be by some ways it get short or reverses but at last it will complete the pattern and go the point i made .. then it will reverse and i will share the exact market Moods.
*1h timeframe
happy trading :)
please write a comment if you are not agree
no one can be 100% correct
EUR/USD - Reversal?EUR/USD Found support at the 0.618 fib level. If the pair breaks trough the resistance (previous support - blue box) it will probably continue up towards the 0.5~0.618 fib. level. If the pair reaches that level, we will probably see a little pulback before it will continue higher towards the 1.272 extension.
First target still: 1.0730
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