WesternUnion Buy IdeaD1 - Price has created higher highs and also bullish divergence has formed.
No we will be waiting for double wave down and we can go long with the breakout of TL
As long as last low at 18.35 holds we are after buys
Higherhighs
still in an uptrend!! Price still making higher highs & higher lows.. Price looking to break its daily resistance & push higher. Watch for breakout to the upside!
Trade with care!
EURCHF 4HPrice made a pullback after strong bullish move to the upside.. Do you think this pair can reach 1.18 ish area?? Lets see if euro can keep its momentum.. possible 400+ pip trade !
EURAUD 4HPrice broke out of its Daily downtrend line & is now retesting it above 50 fibonacci zone. Price making new higher highs & higher lows as well nice setup here just watching price action here! Euro having strong bullish momentum as well. Will be watching how this plays out !! : )
Trade with care !
EURNZD 60Another opportunity to buy if you have not already, waiting for break of counter trend line & will set another entry at safe break to the upside (pink line).
GBPJPY Daily:Back at its "Daily" uptrend line/support level. News coming out shortly for the pound, where price can bounce off support to the upside or break through its uptrend line. Nice setup here!
AUDCHF 4H: Price making higher highs & higher lows, CHF having weaker momentum as well. Last week price consolidated... Solid setup here, lets see if we can get a break to the upside this week!
Trade with care!
EURUSD Update:Price made a new higher high as predicted yesterday, now making a pullback before I believe will shoot up to the 1.1925 area (Weekly Resistance). Will be watching price action at that point as we have NFP news on Friday..
Good luck! : )
GBPCAD 60Called this one out a couple days ago after price was being rejected multiple times to break though support zone (Yellow Rectangle). Price then reversed and broke though counter downtrend line with a strong bullish move, GBP still having strong momentum in this pair would like to see a pull back (Higher Low) to retracement zone before going long. Good setup here, lets see how it plays out..
AUDUSD 4HPrice currently above support level, initially waiting for price to break out of break top trend line before entering long.. Look for a bullish engulfing candle to support zone, new higher high looking about ready to be formed.. Lets see if we can get this move soon!
Trade with care! : )
EURCAD 4H:Price previously was making lower lows & lower highs.. Price broke out of its downtrend line after failing to break strong Weekly support zone. Looking to see if price can create now new higher highs & higher lows.. Looking for a retracement back to fibonacci levels (Higher Low) before looking for a setup to go long.. Lets see how it plays out! : )
Trade with care!
EURUSD 60 Euro for the win! Picking up back its momentum this week, while us dollar is losing strength... Price in a strong uptrend, & price retraced back to 61.8 zone before shooting back up! Consistent higher highs and higher lows. Next weekly target @1.1950
Lets get these pips!! : )
GBPUSD Retracement back to 61.8 zone after yesterdays bullish move making a higher high. Now looking to form a new higher high at 132.00 zone.
EURUSD 60Min Great setup here, price retracing back to zone' (Yellow Rectangle/Higher Low) & retest uptrend line, before creating a new higher high. Next zone target at 119.00
Good luck & Trade with care!!
-eazywayout
BMW Buy IdeaD1 - Potential daily range and a false break has happened.
H4 - We have higher highs and correction is happening now.
H1 - As long as last low of the range is holding we can look for buys.
Possible long setup on USDCAD?A few confluences that are giving me a long bias. We have the weekly ascending trend line being respected, higher highs and higher lows, and price stalling around the 61.8% Fibonacci. Also have 2 confluences for the target of 1.40000 being the monthly high and falls in the line with the -27% Fibonacci.
Please feel free to share your thoughts. Thanks.
$MDT positioning for a big breakouthigher time frame is in channel range uptrend looking to breakout strong
mid time frame is showing positive price action- showing higher highs and higher lows along trend line
rising rsi and positive volume pressure-trading above value area showing strong momentum
lower time frame is showing price action showing uptrend with weak correctives moves meaning bulls in control-working way up ascending triangle
trend alignment across the board
Corn Futures Breaking Year Long Resistance LevelI believe this is my first post about Corn Futures, so let's see how this goes! Daily charts so that corn futures are trading within a channel, with resistance being the 50 MA and the support line being the 200 MA and the price support level of 356. Corn Futures shot up today above both the 50 MA and the resistance portion of the channel in which they were trading.
That price resistance level of 370 goes back into the start of 2016 and has carried with force except for last April when Corn Futures shot past it and ballooned up to 440.
The reason I like using TA is that you can easily see the human nature of the markets. Being irrational beings, we influence markets without even thinking. Most of the TA that I do is based on the overlying assumption that it is a self fulfilling prophecy, where it matters only because other investors and traders think it matters. Regardless, there could be a play here.
Am I suggesting that Corn Futures will rise into the 400s again? No. I have no idea where corn futures will go. I'm trying to give myself the best probability of being on the right side of the trend.
The setup I would use to play this bullish trade would be to enter right above the 50 MA breakout. I would put my stop at 365.4, which is just below the 50 MA. To me, this makes sense because any move lower than that would discredit my bullish hypothesis.
With the stop loss at 365.4 I would begin to take profits at the 390 level. This gives me a risk reward ratio of 3:1.
All the best,
RC
USD/CAD Long Breakout APL moveWe have a 4hour breakout from blue box consolidation forming HH and HL, with APL false break present.
Gold bounce off strong resistance zoneLower highs and lower lows have formed.
Trade the fib cycle to the D leg.
GOLD - BULLISH Ive noticed gold seems to be in an uptrend with a key area being at 1200. Price rejection seems to be strong from here as we can see a break out.
Target 1230 - mid term.
USDCAD Bull VibesConfluence:
-Weekly Support being respected (1.30000)
-Broke A Downtrend Line and retested it
-Previous zone has yet to be retested (1.33000 - 1.3165 on the 1HR Chart)
-Higher high candlestick close after retesting the breakout (1HR Chart)
