Binary Options Trade with Trend and SUPPORT RESISTANCE - SUPER!
NZDUSD is on a critical point. It is on the way to form head and shoulders pattern. It is already on the support. Will it break or bounce? The time will tell. If breaks possible downtrend will be consolidated on 0.8410 levels. Then bounce back is another possibility for another shoulder. I am not writing to give any advice. It is only my personal thoughts. I wish...
This is my first Publish Idea this would be a cypher and a bat pattern ( I set thouse patterns based on my own rules ) but before that there is a structured based trading oportunity, so with any luck we could get 2 consecutive trades with STOP AND REVERSE NOTE: I Know my english sucks so don't bother leting me know that xD
Following current trends I want to call a price somewhere around $118 going into as far as 2016. It really doesn't look like this company has any more room to grow and a fall in share price is coming. I have a feeling IBM will gain a bit more, possibly testing resistance again up around $205 making a good area to get shorts in. The resistance arcs are more for...
Support line (blue dotted) holding could force breakout from channel. If so, bullish H&S forms. Backup play would be a bearish continuation.
This looks very much like a topping formation to me, especially with the market stalling yesterday before the previous highs (denoted by the "head" on the chart). I'd be interested in selling rallies, with at least a target of 1837, though preferably a much lower target; 1800 and the 200 EMA beneath it may also be viable targets.