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IRON

Waiting For The Pull Back To Get LongKumba Iron Ore is a South African iron ore mining company and a subsidiary of Anglo American. The company is the largest iron ore producer in Africa and the fourth largest in the world. Kumba is a mining group of companies focusing on the exploration, extraction, beneficiation, marketing and sale and shipping of iron ore. Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape province. Technicals I am expecting a pull back to form a larger corrective structure as indicated in blue. Once wave 3 breaks the low of wave 1, I will be looking for reversal signs in order to trade the long.
JSE:KIOLong
by Linton_White
X: Massive top spottedWe can enter shorts in any way you prefer here. Stops should be above 18.89, the rest is up to you, can be an options play, or shorting stock. Targets are a retest of 12 initially, but I can see it hitting 7 in the intermediate term. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
NYSE:XShort
by IvanLabrie
19
ENZL: Compelling top spottedWe can go short ENZL at market, and aim for a significantly large target. Stops should be above this week's high (trading range). Expecting to see a sharp decline to ensue here in the intermediate term. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
NASDAQ:ENZLShort
by IvanLabrie
1
AUDNZD Long Fundamentally we have the Reserve Bank of Australia with a neutral stance and the Reserve Bank of New Zealand with a neutral stance after the latest rate cut. In fact the NZ CPI Figures are scheduled for this week before we head into the showdown of the RBNZ in the last week of January. I am expecting a drop in NZ CPI Figures of round about -0.5%, while the newest Dairy Auction should bring a negative result for milk price pouder what should force the RBNZ to act further this year and give up the neutral stance. Further the El Nino should have a much bigger Impact on NZ's Economy than on Australia Economy. The Reserve Bank of Australia should keep the Cash Rate unchanged throughout the year. The only thing i am worried about are the falling coal and iron ore prices what is more related to Australias ToT. Further the weakness surrounding about china is more bad news for the Land Down Under than for NZ because Australia Export round about 33 % to China, while NZ is only within the game with round about 20%. Technically we are also preparing for a big move higher. This does not mean it could happens this or next week. But should the NZ CPI Figures and Dairy Prices tank, than the RBNZ has to act again. Currently the RBNZ expects CPI to shrink to -0.2%. But as said earlier, I am expecting a drop to -0.5%. Anyway, in the weekly and monthly chart we are forming a nice head and shoulders reversal pattern. What i am also wanted to say is: The iron ore and coal prices what i am worried about has fallen significantly already and the AUD adjusted to them a lot already. Anyway, short term we still have space to go a bit down to my area, but i am not thinking about that the AUD/NZD could test the Parity again. Further when we scroll back in history, we are at one of the most important support zones for this pair, what makes me more confident about it. Please let me know what you think. Thank you! Have a great sunday
Long
by robert.zach.7543
5
GBPAUD Bullish View fundamentals #RBA #China #forexMy mood is bullish for that Pair. Basically due to fundamentals like cheap oil FX:USOIL , iron ore, coal and metals like copper FX:COPPER . Main consumer worldwide and in this region is China. China's economy is slowing down after years of +7% growth. www.tradingeconomics.com www.tradingeconomics.com One of China's big supplier is Australia. atlas.media.mit.edu Australia's currency devalues with cheap commodities. Watch out for the main event for GBPAUD. Interest Rate in Australia is reported by the Reserve Bank of Australia this week. www.tradingeconomics.com
Long
by piptank
EURAUD: Multiple timeframe analysis suggests rallyThis is an update to my previous EURAUD chart, I was waiting for a long entry and it just presented itself to me. We have an hourly impulse forming, looks like a 5 wave advance, which could be the first of a new bullish cycle. The daily chart shows a strong mode has been formed and price is about to move above it, after producing a series of strong moves up followed by weak and grinding corrections. This looks like a potentially explosive long trade, with the weekly timeframe hinting at the possibility of a larger uptrend as well. I'll enter long and manage the position, trying to scale in on every chance I get. The initial target is the projection of the point of balance off the lows to the mode of the current distribution curve (a time spent at price profile of recent price action, as per Tim West's technique). A hefty move, considering this is only a very speculative projection, price can always end up trending and moving faster and in wider intervals. We'll see in due time, for now, looking to get long off lower timeframe signals, speculating that the larger timeframe ones will be confirmed with me already in an advantageous position. Cheers, Ivan.
Long
by IvanLabrie
12
AUDUSD: Neutral but potentially due for a long tradeWe have interesting evidence, suggesting AUDUSD might be ready for a reversal from this level. The selloff has been intense, but price only completed a 0.786 retracement of the advance, which matches the daily mode that originated said uptrend. The downtrend generated a 4 bar target that has reached and exceeded the projected level, and is flashing a buy signal after doing so right on time, sending price back to a support area. Similarly to EURUSD, I'm changing my bias to cautiously bullish here, and will look for an entry long tomorrow before NY opens, based on tonight's developments. An early small position could be entered here but I'd rather take a confirmed setup off the 1h/4h and daily charts instead. Good luck! Ivan.
by IvanLabrie
23
Giant double-bottom forming in VALE- Vale jumps today from level of previous low despite weak Chinese PMI data (on the heels of oil break out). - Name heavily oversold on Chinese fears, plummeting iron ore prices, Brazil uncertainties, etc., selling might be overdone. - Deeply undervalued even with depressed circumstances taken into account. - High risk idea as many part of the equation of Vale is still very vulnerable, but promises reasonable profit potential. - Double bottom is only confirmed when price breaks through neckline around 8.6-8.7. First stop might be there as well, possible break out then might bring it above 10.
NYSE:VALELong
by somi_andras