WTI is hovering above linear support on $48.92 (approx), and in this case, the trending support line (the green dotted line) traverses linear support indicating that we should prepare to go long. Stochastic shows an indication for a preparation of strength in price rise. Look for an entry reason around linear support of $48.92 approx to buy WTI long term on the...
Both the weekly & daily outlook is bullish. The price on the 1 hour chart is reaching solid support so watch for any price action entry reason to long the cable. R/R = 2.06 Enjoy your Sunday & have a great trading week ahead. All comments welcome!
IBEX35 30 minute chart. We see the red dotted traversing resistance line (once a support level) coming into play here. This level has disciplined the price (since 2012) whenever price has come into contact with it and has controlled price action steady through the last 8 years. We go short as stochastic (not shown) is in overbought territory and we're hitting...
Quick-fire long on US Oil as it moves into an area that buyers are becoming interested in.
We are coming down nicely onto an upward support line. Therefore: A) Price could keep falling and breakdown towards 42.30 as bearishness & coronavirus fears grips crude OR B) Price reversal where bulls look likely to buy back into the market is at about 49.19 and buyers could take it up to $63 approx, despite brinkmanship & health fears. Maybe in time price...
2.01 R/R long on the IBEX35 - 15 minute chart We have a double bottom formed. Of course, if candle closes below, that is invalidated. Stochastic in oversold territory, Ichimoku signal in red (waiting for the signal to rise). T.P. 9561.4 approx S.L. 9297.3 approx (I say approx because of different brokers). Best wishes trading this week! All comments welcome.
EURUSD is in a downtrend overall and has come back up to meet resistance. A short trade is on offer here on the 1 hour/60 minute chart. 2.1/1 Risk/Reward. Have a great weekend traders. Comments always welcome!
We see a flag completion, so next step up is a long from $1.94 (approx) to $2.16 (approx).
Chevron Corp - Breakout to $133 or breakdown to $103? The price likely has a bullish trait as support awaits at approx $115. I favour the bullish movement upwards right now as the upwards trending (green dotted) support line awaits price. However, as always, wait for price action to form to provoke your next trade move here. Enjoy your weekend and have a great...
On the 15 minute chart, we can begin a conservative long from 1.25865 - 1.26247 (Trade A). For the more aggressive trader, 1.25865 to 1.26580 (Trade B) is the option - or why not try both? *1.25865 (approx) is also current support* With the average true range of 0.00059 taken into account, S.L. for the respective trades are at: A) 1.25574 B) ...
This is a nice wee overview/set-up on the daily chart for CADJPY pair. Once we reach the zone of 84.534 - 84.970, it is expected that the price will fall, and we can start to look for an entry trigger to go short. We look to 82.821 as a conservative short and to 79.434 for a more aggressive swing trade short. Enjoy your Friday trading, and the weekend that...
We are currently in an uptrend and ready to bounce off support. Wait for entry reason to enter into this long.
A long is on the cards as the Guppy bounces off EMA(50) in an uptrend. Just wait for an entry reason.
So here we have a EURGBP daily set-up. In the likelihood that we bounce back down to approx 0.83085, we take the opportunity (if it arises) to buy up to 0.90187 approx. Embrace your trading lifestyle and I wish you many successes. All comments welcome.
Short sell Litecoin as it reaches resistance level at $51.88 (approx). R/R 1.26 Enjoy your trading day. Success! All comments welcome.
AUDUSD reaches strong support level. Long from 0.686 to the 0.692 to 0.693 area. Good luck and enjoy your trading day. Comments always welcome.
Resistance on the Baker-Hughes daily chart is hit. Both MACD & RSI are both overbought so we go for a definite short as there is a good engulfing bearish red candle on the 4 hour chart for an entry reason. Success & Good luck. Enjoy your trading day. Comments always welcome.