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Bullish Trend Line

GWO Double Bottom 200SMA GWO has recently passed the 200MA on the weekly chart signalling a strong reversal in the price trend from bearish to bullish. after price showed a double bottom reversal, the price rebounded to break the resistance and cross over the 200SMA indicating a strong bullish trend. Price showed a similar pattern of a double bottom reversal crossing the 200MA in late 2011/early 2012 leading to a strong rally seeing the price increase almost 50% after breaking the resistance. the price target is 45-47.50 (35%)
TSX:GWOLong
by Zacmando
1
Gold Sell IdeaD1 - Price is moving inside a falling wedge pattern. H4 - There are two possible scenarios: Scenario #1 - Price pushes higher, and enters the critical resistance zone that we have marked and also reaching the 100% Fibonacci expansion at 1485.22. This is where I will be looking for aggressive and conservative entries with bearish evidences. Scenario #2 - We need the price to push lower and break the up trend line. After that we can start looking for sell entries with bearish evidences.
FX_IDC:XAUUSDShort
by VladimirRibakov
EURAUD trading the rejection at the top of the rising wedgeEURAUD is following a rising wedge and the setup of the moving averages also show that there is an uptrend. So why am I planning a short position? The rising wedge is still quite large and this gives the opportunity to try to find a rejection at the top of it, with a great risk to reward ratio. Also, the moving averages are quite close to each other, so with a rejection at the top, the setup could change quite fast, so I wouldn't rely that much on that in this situation. I structured the trade to trade the rejection at the top and also a breakout at the bottom, but I would start to take part of my profits if the price reached the bottom of the rising wedge.
Short
by FedericoSellitti
1
MCD t.a. & set upMCD is showing signs of an overall long-term uptrend pattern, & is currently trading above the SMA200, signaling a possible long entry. On the daily chart, possible cup and handle also forming after a significant pullback occured early/mid September. Also, last session the price opened above, and closed above the EMA21, signaling a potential intermediate uptrend is likely if price continues to consistently close above EMA21 level. Additionally, The EMA5 recently crossed up & above the EMA10, signaling short term bullish momentum. Considering this combination of confirmed and pending signals: A good entry might be; if the price breaks above and closes above the SMA50 level. *another option could be to take an initial entry if Monday opens above the EMA21, and then add to position if price breaks/closes above the SMA50 A stop could be set at: any close below the EMA21 @ -1% A good target exit might be best at: Known resistance @65-70 RSI area, or any close below the EMA10 level @ +4% Risk/Reward ratio optimal @ 4:1
NYSE:MCDLong
by gaaragaara
USDZAR - NeutralWith the National election that is over. ZAR could continue to strengthen against the US Dollar or weaken. It finds itself at a very important support area (14.14000) which is confirmed both with a bullish trendline and also confirmed by the 38.2% Fib levels. If this breaks ZAR could find support around 14.11000 which is the 50% Fib level. For now, we remain neutral. We will enter around late Monday afternoon and will update below. We looking at what price action and the candles will tell us. Should we go long we can expect a 400 pip move until 14.50 and beyond.
by siyakhulafund