Continuation
EURUSD TRYING TO FIND SUPPORTOne more tactical trading Tuesday for your consideration:
We are back once again to that 1.15333 level after a major capitulation for euro.
Looking to go long again at this very crucial support zone as the buyers are jumping back in.
There are wicks going as low as 1.1505 but this is only corrective movement not to be confused with the overall uptrend.
Once 1.1500 is broken consider this trade idea invalid (as the sl suggests).
Trade safe, Trade well
Possible short continuation on AUDUSDThere is a with-trend pin bar on resistance with confluence as the wick is touching the 21 and 8 SMA.
I have put in a sell on stop below the low of the pin bar at 0.71983.
Targeting 2R at the next support level with a stop above the high of the pin bar and above the resistance level.
New Demand Level On The GOLD 03/10/2018The GOLD has created a fresh new demand yesterday, this demand seems like a great continuation Level of buy position, the price jump from that level very strong and fast which indicate there are many Orders still waiting in that level. If the price will return to that demand I'll buy there.
EURCHF trend continuationbased on price action
this is a trend continuation kind of trade. I am expecting the D to hit the resisstance indicated above though it may take till tomorrow. My stops are based on the 15 mins. I don’t expect a pull back below the 13580 area, however, I expect a number of pull back along the way. my best entry would have been 13670
CADCHF Bird's Eye ViewThe lower timeframes have price action pointing downwards to 0.072200. The core resistance levels on these lower tfs overlap with the current volume-price divergence on the Weekly. On the flip side 0.072200 could turn into a PRZ due to the possibility of the formation of a Bullish Crab pattern at that level sandwiching the PRZ between 0.072200 and 0.071167 (which is strong support that is yet to be tested. Lest we also forget the bullish divergence on the bullish monthly candles of March and April (Yup we are sitting right on that!). I will post the bearish price structure I have placed my stop loss above and we will see if it will hold or not.
Trend Continuation TradeShort Opportunity in the Aud Usd with this one. This bearish trend make a new lower lows and now retracement to the point of entry to make a 1.33 Risk to Reward Ratio trade ,the old support now became resistance and also the RSI indicator is Overbought . Excellent Opportunity to make some pips today!!
BCCBTC Continuation Flag PatternSpotted a tight flag pattern on Bitcoin Cash with good strong volume.
This is one of my favorite chart patterns. High probability of reaching target shown in GREEN only IF/WHEN it break the top of the pole, otherwise no trade.
Waiting for a trigger above the pole to enter into a LONG position. Using a STOP-LIMIT order is the best method.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
AMD, bullish pennant formation
AMD, classic bullish pennant formation. Look for unusual green volume at the apex of the pennant for a breakout confirmation. measuring objective based off the previous bull flag is a 31$ target. However analysts upgraded there target to 30$ therefore i adjusted the target to 29-30. back in march of 2001 there was a similar pennant formation that broke up to >=30. This gives more confidence that the primary bull trend is in its continuation phase.
BTCUSD: Shallow Retrace Hints At Break Out To 7500.BTCUSD update: Price is hesitating just under the bearish trend line that has been established since early August. While at the same time, the bullish trend line is also still intact. Which way is it more likely to go?
In my recent Bitcoin article on S.C., I explained the increasing risk of retrace as price pushed into the 7Ks. There is no reason to buy into a high, but there are occasional exceptions.
The previous candle has closed as a pin bar. By doing this, price managed to maintain the bullish trend line. This is a sign of strength and a likely continuation pattern similar to an inside bar.
When a market sells off it usually happens fast. The fact that price is holding up certainly supports the bullish argument. It may also be the result of the coming holiday in the U.S. which often unfolds with lighter volume across all major markets.
In summary, if the current structure holds, this market is poised to break higher. The trade would certainly be an aggressive one, and those details will be shared with our members.
We are not one to buy highs, but shallow pullbacks are an attempt to retrace. If the market can't retrace, it is saying that the bulls still maintain control. The 7500 area is a reasonable expectation if a continuation break out occurs. A close below the bullish trend line will negate this scenario. Begin with the idea and then let the market choose to validate it or not.
CHFJPY Continuation PatternWhat you Think Guys about this Pattern . i Think Price will go Down because of Pin Bar on Strong Resistance and also 2 time Price go down from previous 2 pin bar and 3rd Stochastic overall showing divergence well its my analysis just for Education purpose ... so don't take trade i just share my idea to get more helps from senior lean more and more thanks to everyone :) check and comments thanks
Long on POR on PullbackPOR has been trending in the upwards direction for quite a while now. It appears to have some excellent volume support on the way up. Where as downward moves result in a reduction in volume. POR has been respecting the 20 EMA for quite sometime and formed a bullish candle today a with the lows at the 20 EMA. POR also has a zacks rank of 2 (buy) which is a good enough rank for a swing trade. It has beaten earnings estimates over the last 4 quarters. It also has a cool 3.14% dividend yield which isn't too bad for some our longer term holders. POR has an ATR of 0.67 at this time which means it wont be making any drastic moves unless something big happens. I will stay in for a couple days to a couple weeks.