Morning!
Looking at the correlations in excel for today, EUR/USD + GBP/USD have a very positive correlation (93.9) for the hourly
This means USD is countered, i.e it becomes EUR/GBP >
also waiting on retracement from the FIB EXT level of 127.20%, this will complete D,
and will be a good time to sell if the price reverses from that area.
Elliot Wave - I have...
Just an amateur opinion about a nice pattern which is forming on AUD/USD.
The price came closer to the .886 level from XA leg and if the price will touch this level (0.69924) we'll have a good risk/reward ratio and great opportunity to enter in a long position.
As many of you know today is FED day as the FOMC has its Interest rate Decision & Statement coming out today at 2pm (New York). The expectation is that there will be no changes made at this particular time so most of the “volatility” and “reaction” will be based off of the tone of the statement as trader hunt for any clues of when the rate hike may occur.
This is...
Overall I'm still bullish for this pair but the proportion of this gartley pattern seems really accurate.
Probably eurusd will complete correction on the 76.4 fib.
A potential head and shoulders with a neckline around 94.20, watch this if it breaks we will probably retest the lows.
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Stalking this trade made me remember the lectures I attended few months ago as a fresher. Maybe it might not be directly linked but lets just say I turned the idea of a prisoner dilemma to the Pattern Trader Dilemma.
Woke up feeling great, knowing that I'm about to continue my grind, and given today is Monday I wasn't expecting a busy day.As I was analysing the...
AOL is curling down below all key moving averages, after it failed to hold above $40. Stock was hardly beaten on its previous earnings report and since then covered part of those losses on this strong market. Anyway, still under preassure consolidating in tight pattern. I will initiate small position here and will add on break of $38 with tight stop above $39.50....
Kors is high-growing company with EPS for the past 5 years 130%. So, if it misses or meets with expactations on its report that will be soon on August 5th, it may frustrate investors and trigger further selling.
Technically, it pierced psychological mark $100, but failed to close above, from hwere it sold off. It found support at $86 that was recently broken with...
If you don't already know these basic candle patterns it's worth learning them. I have been thinking about doing a short training series on these and potentially doing some simple indicators to identify theses setups.
If you'd be interested in learning about these setups hit the "Like" button.
In order for this pattern to be a valid sell the three green candles...
This healthcare company forming best opportunities and shlwing relative weakness on weekly and daily charts.
Recent top was at $72, then it broke down and now if flagging near moving averages. I will be waiting for trigger. break down of this minor channel could give us good Risk/Reward entry with stop above $70.00. Add on break of $69.12. Partial take of profits...
This airline company found strong resistance zone at $48-$49. Bounced off it very agressively with gap down zone from $44 to $45 which is powerful sign that sellers keep control on price.
From fundamental point of view there is tension in Iraq - one of the biggest supplier of Oil in the worls. Break in supplies leads to higher prices and then higher costs for...
Yesterday I was analyzing 4-hours timeframe where I mentioned series of lower highs (sellers in control).
Today, it broke down 1.67800 important, intermidiate level of support which acted like resistance before with nice "h"-pattern (pullback trade).
I keep my TARGETS at 1.67000 and will continue to navigate this downside action.
Check my previous thoughts in...
