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Banks

Consolidation = ManipulationBanks are back at it again with yet ANOTHER manipulation scheme. We aren't missing this one though. we made it through the sweep/spring phase, and now we just wait for the retest and confirmation. Risk carefully, boys! Are you interested in being apart of a team of full time traders. Giving signals, and bouncing ideas off one another with a positive environment? Have access to some of the top traders in the world? Have an educational platform specifically for trading? IF any of these interest you feel free to message me at any time. I'll be more than happy go over the full details of ImarketsLive.
OANDA:XAUUSDLong
by RodkneeIML
RY (RBC BANK) | Watch For Rejection and New DowntrendRY has filled a gap created back at the beginning of 2018 and we also see a potential large double top formation on the daily and weekly timeframes that is being formed by rejection. This is an opportunity to position short for a new downtrend on the lower timeframes, looking for support on the 8/1 Gann and as low as the 4/1 Gann. On the larger timeframe, don't forget Steve's trade (targets are my own though): PS. Some Index funds might be worth shorting as well.
TSX:RYShort
by Trader6127
1
XAUUSD LONG BUYExpecting price to drop lower supporting my break retest and enter strategy. looking for a pullback closer to the 100% on the fib before looking to get into a buy. if we see a buy i will be looking at key levels of 1283 to be hit. gold has been on a bullish run of late and without any major good news revolving around economies we can only assumed that gold is to climb higher. lets see how this plays out and secure the bag together. FOLLOW MY SOCIALS Youtube Channel - Learnitempire Personal Instagram- Vellly Instagram - Learnitempire
OANDA:XAUUSD
by LitCap-Vell
Good investing opportunity on the U.S. banking sector.The KBE ETF, which tracks an equal-weighted index of U.S. banking stocks, has been rising on a very steady 1M Channel Up since the 2008 financial crisis and has recently rebounded on the latest Higher Low (RSI = 50.776, MACD = 0.640, Highs/Lows = 0.0000). This presents a good buy opportunity on banking stocks, which are expected to outperform the market in the coming years. Our long term target is 52.00 with 60.45 in extension.
AMEX:KBELong
by InvestingScope
1
"Top and Bottom Analysis" GGAL by ThinkingAnts4H CHART EXPLANATION - As in our Weekly / Daily Vision, price bounced from the Confluence Level and broke the Ascending Channel. - It has potential to move down towards the 17,94 Support Zone. - However, theres a Bullish Divergence wich could be anticipating a Pullback to the Broken Ascending Channel. We will be waiting for a resolution before looking for sell setups. Updates comming soon! MULTI TIMEFRAME VISION: - Weekly - Daily
NASDAQ:GGALShort
by ThinkingAnts
2
Steve Eisman's Canada TradeSteve Eisman (depicted as Marc Baum in The Big Short movie) has publicly revealed the institutions he is shorting in anticipation of the next wave of credit normalization. They include RBC, CIBC, Home Capital Group, and Laurentian Bank. Steve has not revealed his targets or how far exactly the trade will go, so the estimates on the chart are my own. As you know, I have been establishing net short positions on numerous banks around the world since the end of last year.
TSX:RYShort
by Trader6127
Long NBGIFStory : National Bank of Greece announced a Q2 net loss a couple of days ago which sunk it's share price to an almost all time low - with not much downside left (technically), continued reduction of the bad loans in it's books and a perceived improvement in alignment of Greek policies to the EU expectations a bullish case is not hard to build. Furthermore, technicals confirm a good entry level for this trade. Entry Price : USD 2.15 Stop Loss : USD 1.49 (-31%) Take Profit : USD 3.5 (+0.62%) Expected Duration : 1-3 months
OTC:NBGIFLong
by TheSwissMacroExplorer
European Banking positioning for major declinesEuro interest rates are negative and the curve remains flat with no end in sight. This is destructive to net interest margin and the sustainability of European banks. Investors are stepping away from bank shares, having sold throughout 2018 and prices are back to 2009, 2012, and 2016 levels. European banks sector is now heading for a break to multi-year lows. Cycle bottoms are roughly 3.5 years apart. Mid-to-late 2019 marks the next bottom.
EUREX:FESB1!Short
by MVedra
WFC forming a Head and ShouldersPossible Head and Shoulders pattern forming on WFC though too early to tell. The biggest test will be the trend line (black). If the stock breaks down expect a retest of the trendline before finally completing the H&S pattern. Based on how long the stock has adhered to the black trendline a break down would be a long-term bearish signal. Note where the entry point is. Make sure the H&S is complete before entering. The unfilled gap is still lingering. The two targets on the chart are past points of resistance and good places to take some profits.
NYSE:WFCShort
by myfye13
Deutsche Bank Commerzebank Merger Good for EquitiesThe fundamental analysis of this is fairly easy. Mergers are good for stocks. Why? Because it usually means increasing profitability. Why? Because it oftentimes leads to reducing inefficiencies and eliminating two teams that could be consolidated into one whether its with commercial banks, foreign exchange desks, etc. This merger would lead to the cutting of 30,000 jobs in Germany which would clearly help push the mega bank in a positive direction towards profitability. If talks progress positively, expect both Deutsche Bank (bars) and Commerzebank (pink) to edge up. But let's not forget, these two banks' stocks have been in the gutter since the 2008 Financial Crisis and both greatly underperformed the DAX (dark blue) and the Eurostoxx 50 (light blue). More words on this here: anthonylaurence.wordpress.com
NYSE:DB
by WhiskeyTangoFoxtrot3
Citi Bank Bullish Breakout?Can we see a breakout in NYSE:C ? I currently say this because ever since the 14th of January of 2019 it has been consolidating between the resistance line at the $65.23 and the support at $60.81. For myself the RSI and MACD are the most important indicator to me. As you can see the MACD has crossed just before the 3rd run to the resistance and the RSI is yet to be oversold. Posting this today the price has came close to the resistance line just by $0.6. I believe that if we see the price break through the resistance than it will breakout and we can see the target price to be around the $69.00 range. ALSO, there was a big right triangle forming and as of today it has also broken through the right triangle resistance line. So this should be interesting to look at if it can break through 2 resistance lines.
NYSE:CLong
by jrotth
2