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Pullbackbuy

Perfect illustration of a Flag formationThis was an analysis of the DXY I did previous to the whole price movement upwards. My analysis was projected 09/09/2016 at around 7am before the market started moving. This is just to show you that technical analysis is a strong and very reliable method to make profits within the financial markets. I projected the MinPO from the previous spike upwards and predicted the same movement again after a the pull back (flag). The MinPO (Minimum Price Objective) was successfully hit... now a possibility for another flag formation in this pull back? Keep an eye out for this pattern... but of course the probability of this pattern occurring again is now lower, since market has already shown such price movements previously. APPROACH WITH CAUTION (Stop loss a bit tight maybe?)
FX:USDOLLARLong
by OSEA7
EURGBP: Return To Structure Part 2Just to follow up on the EURGBP trading idea that I shared a few days ago. I'm still looking for a pullback down to the 0.8400 level as being the optimal level for bulls. However, as price has evolved over the past few days we may also have a closer level as well between 0.8520's & 0.8450''s especially if you're a day/intraday trader looking at the lower timeframes. We'll be keeping an eye on this level in the Live Trading Room today, but bigger picture I still like the 0.8400 level more. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
1
Gold: buy the overshot pullbackTechnicals Gold broke strongly through the resistance level drawn, before closing slightly above it and then pulling back below it. I have been long gold for a while and this 'overshot' pullback provides further buying opportunities. Fundamentals Following Brexit, we are likely to see UK, European and US stocks take further hits; further warnings from many UK companies; further warnings from the UK government. All these will likely drive gold higher.
FX:XAUUSDLong
by olly_price
Larsen Toubro LT : Swing Entry SetupHey Guys, Having cheerful Sunday ? Lets do some analysis on LT ? Don't get confused why chart is loaded with Fib levels, for better understanding and explanation purposes I have marked numbers for Fibs. Those who followed Me for sometime will be clear the principal I use - " Gaps will be always Filled " I kept this LT in My radar from the day it gave huge gap up bcos it needs to be filled for sure. But was waiting for right time to post this. In coming 2-3 weeks it will be filled I believe. Fib 1 : This is drawn on Larger swing and we are concentrating for Fib levels in Gap area and we got 61.8% (Golden ratio) and 50.0% passing through this area. Fib 2: Drawn on current larger swing and 38.2% passing through our expected area (gap zone) Fib 3 : By now you will be knowing which Fib level in our Gap area. So I am not gonna mention. Bcos I believe in mutual learning and teaching a Man to catch his own fish, not to feed fish always. So with these Fib Confluences I will be buyer if LT comes to this zone. I hope you have learnt to catch certain type of fish today or atleast where to fish :) Have a happy Sunday, Enjoy
NSE:LTLong
by InsiderB
3
Asian Paints Pullback Bullish entry setupTo be honest I really like the simple trend continuation pullback entries. They exactly come to our support/resistance zone, stagnates for sometime and raises in our direction most of times. These setups dont need complicated analysis or any technical analysis at all. In this particular setup of Asianpaint , Risk reward is above 1.5 or if you decide to wait for better entry its way more than 2 Am planning to enter around 990's but depends on today's opening.
NSE:ASIANPAINTLong
by InsiderB
6
Complete Analysis of Nifty : R u guys ready to trade Nifty ?? Yesterday all you guys had very good expiry day , I hope ! So for coming days we are ready with our analysis for Nifty. The reversal zone marked has few fib confluences too which I removed as the chart looks messy. Right in our resistance zone we have potential bearish butterfly completion where we can initiate our short positions for smaller pattern based targets. Nifty is rising up like a rocket for past two days and bulls will take rest for sometime which will result in pullback towards 7900-7950's ( I marked the zone wide, which is intentional too) If the expected pullback happens then we can initiate long positions and note that Nifty is already heavily overbought more than 95 RSI. Some will have apprehensions to go against trend (i.e) to enter the bear butterfly, if you feel so pls stay out n watch how it pans out. There is absolutely no harm & ur capital is also safe and you guys can enter later during the pullback . If you Like this Hit Thumbs Up / Comment your views too.. Happy Trading !
NSE:NIFTY
by InsiderB
10
EURCAD S/R Pullback - 3:1 Risk RewardStandard S/R Pullback and rebound. Presumption: 1) Price has broken Red Resistance now becoming Support. There is also a mini trend at same level. 2) Presumption is that price will go up to Green line Resistance level where profit should be taken. Risk - The Overall trend is Bearish and price could very well continue past the Red Support level where the price may break and then come back to retest. Best of luck to you all, any suggestions very welcome. Best of Luck :)
Long
by raygalla
EURUSD: Daily Bearish Bat Pattern Setting Up I initially thought that Thursday & Friday would be our breakout days this week but it looks like the party has started a little early. Setting up on the EURUSD daily chart we have a potential bearish bat pattern completion up at the 1.1393-1.1500 level. I'm not a daily chart trader, but i will be looking intraday for an opportunity to hop on a retracement and see if I can ride the wave up to this level. It's Thursday so makes sure that you're subscribed to my youtube page as you don't want to miss today's video release. We'll see how the day goes but we may be talking about this trade in more detail. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com - YouTube goo.gl Face book: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
by Akil_Stokes
37