Time to go long on Mining stocks. $RIO $BHP and $FMG all have bullish chart patterns in play for next month and early 2021.
It was a phenomenal impulse. But now, it is time to come back to reality on Fortescue. NFA
ASX:FMG Great company quite bullish pattern. PT marked on the chart Good luck mates, don't miss the train!
Are we going to finally break $11.00 with volume or are we heading back lower? Go buying opportunity if we can next week because it would be a green 2 over a green 1 over a 9. (According to TD Sequentials, this is bullish)
Hey guys welcome to my second chart this week. If your liking the charts so far show some support and give me a follow. Likes and comments are also appreciated. At first glance we have an overall bullish bias with trends clearly in favour of the bulls. Diving deeper into FMG we can see we have had a typical reversal with a sell off. accumulation. breakout. retest...
Waiting and watching to see where it breaks. My bias is to the upside
Hi guys its bokchoininja here with another fibonacci analysis. In this analysis I highlight three critical zones of support and resistance predicted by good old fibonacci ratios. We had a nice kiss on the 1.618 level and are struggling to break past the current resistance zone. If we do break past we are headed upwards but the resistance box is where i have my buy...
Upside seems limited but 8.60 is current support. Risk of iron ore prices and Vale coming on line remain. But Ziggy has offered big dividend surprises recently and with low interest rates, dividends are king. Continuing to take shorts. Looking for 7.60.
Not for me. Has been under a buyback for sometime which messes things (volum) up ALOT... now for the shakeout Depending on hope far they push it,it may become appealing but not at the moment. Well not for me
Have had my eye on this trade during the weekly, long term I have a long bias and usually I would be looking for buying position. But certain moves in the market have suggested to me that the pair are likely to trade bearish for the next 1-3 weeks and so I will be looking for shorts in the short term to enter with and monitor from the daily chart. Will see how...
As you can see from the chart USDCAD has been in a bullish environment for quite some time now and is playing out a very similar price movement over and over as price continues to make higher highs and higher lows with similar distance in pips, price is moving around 800 pips up followed by 600 pips down before price makes a new high if history is to repeat itself...
chart has notes D pnf used for target
HTF chart: Unfortunately i shared this late but i am already in this trade find a reentry as price moves down...good set up. Simple trade: SNR, SND, Trendline
FMG has formed a Head and Shoulder bottom. Price has broken a recent 6 day channel high. ADX signalling a bullish trend is forming. RSI at 65 and in an uptrend. Stochastics signalling momentum.
Fortescue has gapped down from the daily 150MA on the back of iron ore, may attempt to close the gap then sink again