Sublime_Trading

Sublime_Trading

We last posted on the USDTRY on April 11th when price had closed above the round number 4.0000 and was suggesting further bullishness with 3 further bullish bars after the breakout. Aggressive traders would have been triggered long into this trade but held tight and waited for a retest of the resistance-turned-support zone of November. We can see that most...

Sublime_Trading

Burford Capital is still below the all-time high resistance which we highlighted in our previous post here, but it is still showing signs of potentially breaking out soon. Since price hit the support level in March this year, it has gradually been pulling itself up. If price does not break out soon then we may see it go into a period of consolidation. How long...

Sublime_Trading

Elecosoft PLC created an all-time high in October 2007 at a price of £1.14, then made a low of £0.06p in December 2011 which is a big drop. At the moment price looks strong as it heads up making higher highs and higher lows. Although it looks strong now, the uptrend could find some difficulty advancing any higher at the resistance zone consisting of the £1.00...

Sublime_Trading

We last posted on the CHFJPY on April 30th when we were waiting for price to break and close below a support zone formed by pivots in March and April as well as the round number 110. Yesterday's bar broke through all these levels as well as closing below the round number 110 suggesting further weakness and a continuation of the bear trend. This prompted us...

Sublime_Trading

We last posted on the GBPSEK on April 15th when price had closed above the round number 12.0000 which was then confirmed as support. What followed was classic price action movement which is often a battle between the bulls and the bears at these key levels. We can see that the bears came in strong in the form of a pullback to the pivot support level of April...

Sublime_Trading

Unite Group has been in an uptrend since the end of 2011, experiencing a long period of consolidation from August 2015 to October 2017. During the period of consolidation it would have been best to stand aside until a breakout happened. Consolidations are very difficult to trade and your capital is best used on stocks that are actually trending. Patience here...

Sublime_Trading

We last posted on the GBPCAD on April 5th when price had broken below key support in the form of the round number 1.8000 and the weekly 200SMA cluster zone. This in itself was not a major concern to our long position as support and resistance levels are not hard levels but zonal areas. Price can and will often dip below support levels in pullbacks in a bull...

Sublime_Trading

Applegreen PLC is a fairly new stock, which floated on the London Stock Exchange in June 2015 at a price of £2.96 and has risen consistently ever since to the current price of around £5.72 (at the time of writing this post). The Weekly 50 simple moving average played a part in supporting price as it continued to rise. There was a nice trend from April 2017 to...

Sublime_Trading

We last posted on the CHFJPY on April 21st when several days of weakness had given momentum to the bears which were looking to take price through the pivot support of March. The breakout did not materialise and, as has been a feature of FX, price instead found support and the bulls kept price within consolidation. The pullback to the upside lasted only 3 days...

Sublime_Trading

Segro PLC is developing into a nice trend using the 50 simple moving average to help it climb to higher highs. On the Monthly chart (not shown) price made an all-time high of £77.24 in 2007. After that we saw price plummet to a low of £1.50 in 2009. Ever since then, price has been clawing its way back up and appears to be finding some steam and making higher...

Sublime_Trading

The EURCHF is new to our blog but one that deserves air space due to recent moves in price action. Looking at the daily time frame above, we can see that price has been slowly edging its way up since June of last year. This took price out of the long-term consolidation it had been in since January 2015 when the SNB removed the peg against the EUR at 1.2000 which...

Sublime_Trading

Computacenter has formed a nice trend which has been consistently heading up since 2008. Prior to that price was in a downtrend from 2000 where it made an all-time high at £15.66. This all-time high area may cause problems which may see it cause problems for price to advance higher. But if the trend is strong enough it should eventually break through. Price is...

Sublime_Trading

Alliance Pharma has a consistent pattern of consolidation followed by breakouts to the upside. The pattern can always change going forward but it is always useful to identify the recent behaviour of a stock. The reason being, if you were to enter a trade in this stock and price just went sideways, it may become tempting to exit the trade early. But by...

Sublime_Trading

We last posted on the EURUSD on April 4th when price was still very much stuck in an area of consolidation. Following the post, price action seemed to be gaining momentum in the direction of the bull trend but that was short lived. The bears took control of the market, and in the last week particularly, we have seen price break through the pivot support that...

Sublime_Trading

In my previous post for Bovis Homes Group which you can find here, price had formed an inverted head and shoulders pattern. Price then continued to move in the direction of the uptrend but as is expected, price is now forming a pullback. When price breaks through an area of strong resistance, most of the time price will pull back to retest the previous...

Sublime_Trading

The USDSEK is new to our trading blog and one that is starting to look like a potential long setup. We have recently featured both the EURSEK and the GBPSEK for trend trading trading opportunities so it is no surprise that the USDSEK is of interest too. We last traded the USDSEK back in 2014/2015 when we had the last significant period of trend on several...

Sublime_Trading

Sopheon is a good example of a nice moving stock. After it broke through consolidation which lasted the for the majority of 2017, it smashed through the resistance level and has not looked back. The Weekly 50 simple moving average played a part in pushing price up as it was used as support along the way. After the consolidation breakout, price has had an...

Sublime_Trading

We last posted on the EURSEK on April 20th when price had broken above followed by a pull back to the drawn-in pivot support level. This pivot level so far has held strong and we are seeing strength to the upside. We want to see the momentum to the upside continue and take price through and close above the pivot high of April and ideally in the form of a...