CRUDE OIL MEDIUM TERM TRADING IDEACL1 in April we expecting volatility to increase considerably and to stop in area 39.50 - 38.50 - there are we set our pending buy orders with reward ratio 1:5 till end of Q2 2017.
Medium-term
EURGBP Medium term support for bullish positionThe EURGBP has just respected a very old and solid looking support level (label A). This level has been respected four or five times since July 2016. This level suggests buying positions. The upper descending trend line (label B) suggests resistance points. Using those levels as entry and exit points with a stop loss just below the lower extended support line (A), suggests a trade with a Risk:Reward of 4:1
Further to this the RSI is suggesting oversold levels and has been relatively accurate combined with the level and trend support and resistance.
Possible breakout of a down trendline.There is a well defined downtrendline that was broken today.
First obstacle around 84.00 which may be the first target if this pair goes up.
Stop may be placed around 81.20.
Risk:reward around 1:2.
Nike (NKE) short play off resistanceNKE is showing the following strong short entry signals:
- descending price channel (examine weekly chart to see this easier)
- Currently at top of descending price channel
- Showing strong resistance, a successive lower peak (not quite a true head and shoulders), and divergences.
This is a good short trade that could be played several ways.
- Swing play: Enter immediately. Set stop loss above resistance line ($56.85) and set price target below previous daily triple top at $53. This is approximately a 5-10 day trade estimate.
- Medium term play: Enter immediately or after confirmation. Same stop loss. set price target at actual lower resistance channel, plus some. Depending on variable time value this could be as low as $47-48. Continue extending channel to provide updated price estimate based on the slope over time.
Butterfly Pattern Showing Medium-Term Long on USDJPY S&R level and Fib retracement levels come together to support the idea of a Butterfly pattern forming on the 4hr chart. You can either wait till it hits either of the targets to sell the regression or you can ride the wave up after it breaks the 113.928 price which appears to be quite important here.
Setup 1:
Entry: Long at 113.969
TP: 115.404 or 116.168
SL: 113.558
This is just a suggestion to the predictably unpredictable market so always take caution when trading.
Verizon Ascending Triangle EntryVerizon (VZ) is showing strong bullish signals and an ascending triangle pattern. It is currently at a great entry point. This is a good 10-20 day trade (somewhere between a swing a medium term play).
Strategy:
- Enter LONG immediately. Set price target just below previous peak at $54.50. Set stop loss below support line at $48 (can be adjusted based on time value).
Other notes:
- Keep an eye on this stock. It's an ascending triangle! If price action breaks through the resistance line (~$56.50) and remains there for a second consecutive day, re-enter the position long with another price target of $61, but immediately exit the position upon seeing "choppiness" in the candlesticks. That is, when the candlesticks start to show long sticks to the upside.
Oil medium term buyPrice broke out of the corrective structure and looks like its consolidating at the bottom of the new price range. Will be looking for buys if price breaks out of the consolidation.
GU Long SetupPrice has revisited previous Brexit lows could not break below this area
Looking at a ABC flat correction to the upside
Higher Low established
Significant confirmation for bullish momentum if there is a break and retest of Daily descending tl
TP 1:1.3000
TP 2:1.3120
TP 3:1.3290
Long term uptrend line [TREND ANALYSIS]Traced green line stand for main trend continuation on the 4 hrs. Some little corrections could happen as already did.
The purple line is the 1 day timeframe uptrend support line (1D chart is not shown in this picture)
If the trend keeps going over this line in the 4hr the uptrend is confirmed and strong. If any under the line correction happens set your SL and think well your strategy.
If a downward trend will start it has to confirm at least 3 4hr candles under the line and give more signals of fundamentals and momentum bear switch. If it doesn't happen it can be just a shakeout for weak hands before attempting a serious ride over 1k $.
$BTC
Stay safe.
AAPL (Apple) - Short position - Daily - 2 TargetsHi to everyone. From my point of view a possible change of trend of Aplee in the next few days, a strong resistance zone highlighted with a rectangle, which may retry the price, if the price is rejected two Objectives that the price will seek once broken the trend line up.
I think if the price break the trend line the two targets are affordable for the price with a high probability in favor.
Good trade, and recalls that in the market anything can happen.
DAX may be heading to 11200DAX may touch the 11200 before falling to its LAST dip then head to its ATH forming it's 5th Elliott wave.
Its a long term Chart, but who knows, just wait and let it roll.
Medium term bullish EURUSD setupWe have visited a parallel line on this monthly pitchfork and now we are pointing to the ML of the pitchfork. Resistance zone at 1.87 reachable in two-three months.
USD/JPY DAILY ANALYSIS (MEDIUM TERM OUTLOOK)Looks like we are going to close the day breaking through some key resistance levels. A 100% Expansion of Aug lows to Sep highs back to Sep lows and the top of a rising channel. This is also after a breakout in Oct of a descending trend line that's been resistance for all of 2016. Also we are above the 100 DMA and RSI just closed above 60 showing bullish momentum for the first time in 2016. Over all bias is bullish and can see resistance at 106 and 107 but we do have room to run to the 200 DMA which sits just above 107 that will be a key level of resistance.
AUDUSD - Sell setup"I got a feeling, inside my bones"....if it breaks i will sell at the correction....
EURGBP - Sell setupReady or not? Give me a possibility to come with you...Could be funny!
I will update....
GBPNZD broke trendlineGBPNZD broke support at 1.775 are falling towards 1.687. A good RR short trade with a SL at 1.80 area
