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ITW finally ready to move higher?Note: I've mentioned this stock a couple of times before but both times it pulled back to an expected level due to the market conditions at the time. * Excellent earnings * Very strong up trend * High 3-month relative strength of 2.61 in the Industrial sector * Breaking out of a ~9 month base with higher than average volume * Tried to break out a couple of times before but failed due to market conditions at the time * Now breaking out again with higher than average volume * The recent price action did make a double bottom and the price has confirmed a break of the double bottom as well. Trade Idea: * Now's a great time to enter as the price is just breaking out and is close to the broken level * If you're looking for a better entry you can look for a buying opportunity near the $242.52 area
NYSE:ITWLong
by HaseebKhan_90
Gold update on last weeks route map. We posted this over a week ago with a route map with not only direction but a potential sequence. We mapped out the overall direction showing a clear movement to the upside with all the potential dips to pickup good entries for the longs. This played out perfectly! 1797, 1808, 1819 all hit in order. Our trade target of 1819 was hit and 1808 retracement target also hit, as identified on the chart. We have banked all profits and will wait for a decent drop before resuming our bullish targets. We are also keeping in mind the EMA5 break at 1790 leaving a gap open to 1782, which we need to keep in mind for a potential entry point. However for now we have had the re-test on 1808, as support so we still remain bullish. All levels highlighted are Goldturn support and resistance levels Please don't forget to like, comment and follow, we really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
MMC looking to make new highs!Note: I last spoke about MMC around mid October and since then it has consolidated and now it's showing signs of going higher. * Excellent earnings * Very strong up trend * Very high 3-mont relative strength of 6.87 in the Financial sector * Breaking out of a ~2 month base with higher than average volume * We can see that it tried to break above earlier but came back down due to the market volatility * It's also showing healthy signs for a continuation on the weekly chart Trade Idea: * If a little volatility doesn't bother you, now's a great time to enter as the price is still close to the broken level. * Moving forward, $171.13 should serve as support so if you're looking for a slight discount you can look for an entry around that area.
NYSE:MMCLong
by HaseebKhan_90
1
AUDUSD expected buy after continuation pattern completesPrice reacted at a key level around 0.69935, it approached the key level with a descending channel which shows a potential reversal. A bullish engulfing pattern was then presented on the weekly timeframe, which added to the confluences we already had. After that l we were expecting a continuation pattern to confirm that the market is indeed buying. The continuation pattern is currently being created in the form of a bullish flag on the 4h timeframe, this gives us all we need to know that we are going long. Look at buying AUDUSD when price breaks the flag on the upside at around 0.71934 with stop loss just below the flag and go for a 1:4 RR. Solospike Trading
by Solospike_Trading
5
$CRTX WAVE ANALYSIS$CRTX – SI 55% WAVE ANALYSIS is based on the notion that markets follow specific patterns called waves which are the result of a natural rhythm of crowd psychology that exists in all markets. ... This last wave is usually traded and its length can be predicted based on prior waves. Cortexyme, Inc., a clinical stage biopharmaceutical company, focuses on developing therapeutics for Alzheimer's disease and other degenerative disorders. Its lead drug candidate is atuzaginstat (COR388), an orally administered brain-penetrating small molecule gingipain inhibitor, which is in Phase II/III clinical trial for use in patients with mild to moderate Alzheimer's disease. Cortexyme, Inc. has a partnership with Parkinson Study Group. The company was incorporated in 2012 and is headquartered in South San Francisco, California.
C
by BADQOMOCAWGOWLD
$RELI – SI 46% SYMMETRICAL TRIANGLEReliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking and transportation, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
NASDAQ:RELILong
by BADQOMOCAWGOWLD
EUR/GBP Long Scalp OpportunityWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** If you use our KiSS 2.0 Strategy, wait for price to reach zone and look for all rules to confirm entry. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
GoldView UPDATE on BULL flag TARGET $$We posted this Bull flag formation earlier this week with targets and resistance levels. We do not trade chart patterns alone; we use it in combination with our analysis and setups. 1822 seems like the perfect target, which falls in line with FIB ext at 50% and also within the size of the pole. We have taken profits here at 1809 in line with the Goldturn resistance level identified earlier this week, which you can see has been respected to the tee. We will not target 1822 without a re-test of this level, as support. Our roadmap also has targets at 1822 and above, so we are still confident in our strategy for this market condition to keep buying dips. We have had an awesome finish to the year! We have been in this industry for a long time but only came to this platform 11 weeks ago and our analysis speaks for itself. We have also been No1 top author for XAUUSD every week and we couldn't have done it without your LIKES. We want to thank you all for your support!! As always don't forget to HIT like, comment and follow. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
GoldView updated LEVELS & TARGETS $$We posted this plan on the 17th of this month and clearly marked the levels and targets. As you can see from the arrows marked on the chart; we projected some movement down first to test support and also predicted these support areas, as good entry zones. We also identified and marked the take profit zones. These levels were all respected and tested and we also got our entries to the exact levels with exits with plenty of opportunities to re-enter more than once. This played out exactly as planned! Our plans to buy dips remain and until 1766 is broken and we will continue with our buy setups and we will keep you all posted if this changes. For now our next stop is 1808 to test and secure. We are looking for a clean break on this level, retest as support and ema5 cross above this level to open up the remaining upper targets outlined on our roadmap - see related posts below. Please don't forget to like, comment and follow to support us, we really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
BNS breaking out of a cup and handle!* Great earnings * Strong up trend * High 3-month relative strength of 3.06 in the Financial sector * Breaking out of a cup and handle pattern with 24.59% higher volume of the 15 day average * Base of the cup is ~21 week with the handle lasting about 4 weeks * Also created a double bottom during the base Trade Idea: * Given the setup, now would be a great time to enter as the price is still very close to the broken resistance. * If you're looking for a slightly better entry, you can look for buying opportunities between the $66.50 and $67.25 area. Caution: * A daily close below $66.48 would negate the idea.
NYSE:BNSLong
by HaseebKhan_90
4
PAYX showing signs of continuing higher!* I last spoke about PAYX around mid October as it was breaking out of the $117.70 area. * Since then it has moved higher and began to consolidate forming a base on base pattern. * It recently had a pullback to the previous base resistance and used it as support to bounce back. * And it also held up very well during the general market correction. * Great earnings * Very strong up trend * High 3-month relative strength in the Tech sector * Breaking out of a base on base pattern with higher than average volume (52.25% higher than the 15 day average) Trade Idea: * The price just broke out of a base on base pattern and is still close to the broken resistance. * Currently offering a great risk/reward ratio * You can enter as indicated * If you're looking to find a slight discount you can look for an entry around the $125 area as that should hold up as short term support. Caution: * A daily close below $123.55 would negate this idea.
NASDAQ:PAYXLong
by HaseebKhan_90
5