Gold: Bullish Shark @ Trendline with Positive Divergence on 1HThe is currently being supported by the 4H Kijun Sen and I have considered a buy there...but this is a nice confluence at the trendline so for now the plan will be to stay patient.
When trading the shark you should wait for the price to show it respects the zone and try and catch the re-test, which I plan to try and do on the small time frame (5 minute or even 1 minute).
I am continuing to employ my strategy of moving stops to cover costs after being up some pips and re-entering if necessary (if price action still looks good) as I have described in my other recent ideas.
If you have any comments or feedback on this idea, or your own view on Gold, please share it!
Positivedivergence
SPY - Double Bottom on Two Cycles - AH Breakout? SantaRally?If you have followed or seen my other recent SPY charts you'd know that I have maintained a bullish outlook in the face of a primarily bearish sentiment that has seemingly permeated the hearts of most traders...
It seemed like a reversal was coming in the usual manner but the bell tolled and we barely moved, however (as I said in the usual manner) it began to rally afterwards... Indicators began to turn, things were looking a little more rosy... It seemed to have diminished thereby losing my attention to bitcoin which has had a pretty solid day or two (if you are long), actually, its had a solid year but I digress as usual.. This is about the TVC:SPX and its index ETF the SPY!
So back to my point, all of a sudden I hear my computer turning up the fans quite dramatically, as my pants were still safely on and belt secured the only other option had to be a rally of some sort... or a catastrophic sell-off but no... it was my old friend the SPY... all systems were a go... finally, redemption, how could I have gone on knowing that the three people (generously 3, likely 1) who actually read my descriptions would go on thinking I am a total n00b who doesn't understand the first thing about technical analysis, charting, and the origin of Mr. Elliot Wave himself... I still cant get over how well his lastname fit his future theory..
Well, I may just be making it worse because as I had written this, it got quiet again... However as an eternal optimist I will publish with the hopes of my reality becoming our reality...
The lightning bolts mark the double bottom, while the indicators are just silly....
Take note of the volume profile and the potential breakout as it had been steadily descending since the Dec 14th...
Let me be clear that I like volume to confirm formations and therefore The flag may be more of a symbolic gesture than the technical formation which may in actual fact be a more triangular in nature (not flat bottomed though)
Merry Christmas!! Good Luck & Happy Trading
TRADE OPPORTUNITY AUDNZD - HIGH PROBABILITY Hi all,
Here a new High Probabilit y Trade Set Up with a good Risk to Reward Ratio.
Negative Trend is broken. Price find support in the Zone and is making a higher low now on the 2Hour Chart.
Positive Divergence on the Indicators show a Possible Change in Trend.
Support: 1.035 - 1.0305
Resistance:
- 1.045 - 1.048
- 1.053 - 1.056
- 1.073 - 1.076
Entry point: 1.0375
Stoploss: 1.0300
First Profit Target: 1.0450
Second Profit Target: 1.0550
Third Profit Target: 1.0730
EURBRL INTO BIG SUPPORT ZONE - HIGH PROBABILITYThe EURBRL comes into BIG Support Zone. The RSI Indicator shows Positive Divergence.
Big Support Zone around: 3.50
Fist Resistance zone is around: 3,95
Second Resistance zone is around: 4,50
Go Long after the price breaks the red line. This gives confirmation higher prices will come.
There is a good risk to reward ratio. First Profit Target is around 3,95 and Second Profit Target is around 4,50
#EURCHF: Bears Clearly Active, Seeking Upside From This Level!Traders,
UPDATE: Well done to my signals members who took my trading plan with this one, we still continue to see good upside and good profit.
Expecting some upside off of nice bullish momentum. We have had a nice morning star signal on the sideways support trend line, and a great Fibonacci ratio confluence support ceiling underneath the level, making the level a key action level, where I strongly expect price to go to the highs.
Offering discounts this week on my professional signals group, and my professional online trading tuition. Message me here on Trading view or email me with the email address on my Trading view profile page
Twitter: Tomkillick1
Email: T.killick182@gmail.com
Skype: Tom.killick182
Best regards,
Tom
Positive Divergence + (Possible) Inverse Head and ShouldersKeep an eye out for a possible inverse head and shoulders.
If the inverse head and shoulders pattern completes and price breaks above the neckline, then there is 2.20 upside potential, which is the distance from the tip of the head to the neckline. So if the price breaks above at 11.80, then the pattern suggests a price target of 14.00.
If it breaks out, watch out for the 13.51 trend line witch acted as support and might act as resistance.
Estimated FQ2'16 Earnings Release is at 30 March, so there is plenty of time for a run up.