NZD/CAD good short position NZD CAD was mostly bullish from last months and now it found a strong resistance at 0.92300. rejected multiple times by the resistance and market now gearing up to gow down to those reas mention below for a retest to broken resistance turned support at 0.89200
look for bearish confirmation and enter sell with your own money management
always remember that with discipline patience always pays
patience is the key
Discpline
Trading strategy: Connect the DotsPlaying around with the charts and this is what came of it. My last idea post is of this same exact pair: GBP/AUD and it shows the overall sentiment of the market on a weekly timeframe if I am not mistaken.Take a look at my last post and put the pieces together to get a more in depth perspective of this pair.
Position Formation (Earn. Release) - Monthly Interval - ATRSHello Successful Trader,
The stock (ATRS) appears to be presenting heavy consolidation within the price level (0.05 - 5.70). Considering the (Pre-Market) earnings release, there may be sufficient (catalyst) to infiltrate either Resistance Level 1 or Support Level 1 (Await Price Action Confirmation). The overall trend of the market appears to be manifesting a negative (bearish) direction, as the company continuously attempts to manifest a profitable approach towards their products. QE: (Revenue had increased from $12.7M to $23.3M, Net Loss has decreased from $6.2M to $5.5M, and EPS has increased from -$0.04 to -$0.03).
Resistance Level 1 - (5.25 - 6.50) 1.25 cent interval
Key Price Zone (KPZ) - (2.50 - 3.75) 1.25 cent interval
Support Level 1 - (0.01 - 1.26) 1.25 cent interval
Continuing, acknowledge the immense volatility in-relation to (Penny Stocks) and await various indicators prior to entry
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Conscientious and Stick To Your Trading Plan)***
-LionGate
Position Formation - Weekly Interval - BMSHello Successful Traders,
The stock (BMS) manifests a strong positive (bullish) trajectory, as previous history dictates numerous infiltration zones through Resistance Levels (Now Support). Acknowledge that there may be an imminent trend reversal within the upcoming weeks (or months). Await Confirmation Prior to Market Entry.
Resistance Level 1 - (56.00 - 57.00) 1 dollar interval
Key Price Zone (KPZ) - (52.50 - 53.40) 90 cent interval
Support Level 1 - (42.50 - 43.50 1 dollar interval
Support Level 2 - (34.25 - 35.20) 95 cent interval
Support Level 3 - (26.50 - 27.50) 1 dollar interval
Support Level 4 - (16.50 - 17.45) 95 cent interval
Furthermore, the current fundamentals of the stock (BSM) present strong futuristic growth opportunities.
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Conscientious and Stick To Your Trading Plan)***
- LionGate