Long-trade
JNJ analysis nearing a peak, 3rd of a 3rd of a 5th waveThis analysis combines channelling, 200 SMA, and Elliott Wave. I noticed a breakout chart by user 'pardis,' and decided to trade the stock. Here is my own analysis of the stock after purchasing a few shares with an entry at 130.98/130.45. There was a breakout around 129, and I looked into the price history to have a better understanding of where the stock possibly is heading towards. Pardis gave an upwards prediction of going to around 139, so I am using an All or Nothing trade strategy, with the intent to use stop losses possibly around end of day, 2R, and 3R. My Elliott Wave analysis shows that there has been a long term since 2015 bullish trend going on, with the stock already in an ending 5th wave movement. The 5th wave seems to also be extended, with the current price action showing it to be in a 3rd of a 3rd wave movement. I predict that this sentiment can last throughout the summer for quite some while, before finally peaking around the levels that 'pardis' had indicated. The stock also seems to have bounced recently off near the 200 SMA during the 4th wave change. This well known stock seems to also be coinciding with some possible peaking action within the indices. As they seem to be going through some impulsive moves upwards, there will likely be a correction sooner or later.
Is it time to buy AUDUSD? Hey Everyone!
Let's see a scenario for AUDUSD LONG.
Very strong support/resistance @0.745 - white line
An upward movement for 7+ days
A valid trendline that holds the price
Now, even if we have these good points we can't just look at the long side. I will only take this position once the price hits the 0.746 or even a bit higher.
The safest place to enter is above the green line at around 0.7475
I will update you as soon as a trade is taken on this pair.
Crude Oil Long Trade 200 Pips I have been waiting a few weeks for Crude to get to this point now, we have tested the 61.8 fib twice in the last few hours and seems to be a lot of buyers there, we are also hitting its uptrend support from back in December and i believe now we will see a continuation to $55 a barrel.
CUR - speculative potential rally from 3.74 to 4.17CUR formed a strong flag formation. It would be very quick in & out type of Day trade. However it has some insider buying so we can keep it running after we close half in first target.
* Trade Criteria *
Date first found-
Pattern/Why-
Entry Target Criteria- Break of $
Exit Target Criteria- $
Stop Loss Criteria- $
Please check back for Trade updates. (Note: Trade update is little delayed here.)
GBPUSD Long Stop Entry Order With strong results in the UK and the US the pound has continued to fall against the dollar as people are more concerned over the Brexit rather than Trump, I believe we are coming out of a downward trend and we will see the GBP break resistance and continue up to either the 0.5 fib or 61.8 fib from the trend at the beginning of the month. I believe 1.243 is a good open order and look to take profit at 1.252 TP1 and 1.256 TP2.
BCY potention movesSome renewed interest in BCY could help it get over the threshold up to the next resistance point. After that I think momentum will eventually help it get over that. Add to that the fact that the game itself will launch fully in March, apparently, and assuming all goes well with that then transactional value should help it up.
I'm looking to get in on that next retrace (A) if it looks good at the time.
Alternatively, it goes down before all of that and maybe we'll just have to look again in a few weeks.