GBPUSD 4HPrice is in a uptrend.. Last week price retraced back to 61.8 fibonacci level, making a new higher low. Price now consolidating and will be looking to go long when price breaks out of triangle. New Higher High looking to be formed?? : )
Higherhigh
JPY losing steam, EUR getting strongerHey traders, here is the setup I am watching this week. After watching the JPY surge, and now seeing the EUR start to gain some momentum, I decided to put these two currencies together to see what happens this week. As you can see, we have some divergence in the MACD, as well as a higher-high and higher-low, which is great confirmation that price may go higher, combined with the strong versus weak analysis. I'll be placing my stop at 119.5, and my take profit at 122.0, a nice key level that price has hit recently without any trouble. This trade gives me a nice 2.6 to 1 reward to risk ratio. As always, plan your trades and trade your plan!
CL1!: Crude Oil WTI making the first higher high in yr2016 Crude Oil
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# Trend reversal signal appeared.
# Break above previous high at $35 (But with low trading volume)
# A minor pull back from $38 to $34 - $35 considered as healthy phenomena.
Note:
Commodities based on demand-supply. Price wont go far high unless world oil producers willing to negotiate.
# Next major event that will cause high volatility is coming OPEC Meeting.
Engineers indiaEngineers india
if break 187 then new high 198
if not break then play with support and resistance, and touch 198
Macd pointed out a bounceMacd pointed out a pull back before taking of So now its actually a breakout. [
LONG BBRY (BLACKBERRY)BLACKBERRY SO FAR THIS YEAR HAS BEEN NOTHING BUT HIGHER HIGHS AND COMING FROM A BOUNCE FROM THE HIGHER LOWS( SUPPORT) THIS WOULD BE THE PERFECT TIME TO BUY AND TRY TO CRACK THAT DOWN-TRENDING RESISTANCE LINE.
THIS COULD REALLY GO TO THE UPSIDE WHEN IT PASSES 10$ PER SHARE.
MY OPINION IS THAT THERE WAS A BREAKOUT AT 7.95 ($400K BUYER AT OPEN)
LONG AT 8.50
NEXT BREAKOUT WILL BE AROUND 10 HENCE ITS A ROUND NUMBER.
