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NZDUSD and a Confluence of SupportsOANDA:NZDUSD looks like its forming a nice floor where a lot of key technical levels and indicators are at. 4H Moving Averages: OANDA:NZDUSD was able to get above key moving averages in the 4H timeframe and it has held well so far. Weekly Higher Lows Trendline: Even after some attempts of breaking the trendline it has held so far and looks like it was able to get back above it The Daily 200MA should provide decent resistance but its also possible that it might still break through it to test the 0.73 level once more Entry: 0.70237 Stop: 0.697 Profit: (tp1) 0.7137 (tp2) 0.73368 Any feedbacks are appreciated!
Long
by SimpleMillennialAverage
2
CYH- Fallen angel type Momentum Long from $9.83 to $12.13 & highCYH seems a very good long setup. It had a wonderful rally since we first found it around $5. Now it seems bouncing above the moving averages & getting ready for the second phase of run. * Trade Criteria * Date First Found- February 28, 2017 Pattern/Why- Fallen angel; Momentum Long Entry Target Criteria- break above $9.83 Exit Target Criteria- 1st Target $10.93, 2nd target $12.13 & higher Stop Loss Criteria- N/A Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:CYHLong
by AcornWealthCorp
MYGN - Flag formation Momentum long from $18 or higher MYGN is another nice Flag formation with beautiful moneyflow accumulation. Anything close to $18 would be a good entry point or break of current label * Trade Criteria * Date First Found- February 19, 2017 Pattern/Why- Flag formation Entry Target Criteria- Near $18 or Break of $18.67 Exit Target Criteria- Momentum Stop Loss Criteria- $16.83 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:MYGNLong
by AcornWealthCorp
Oil - Demandi have been looking for oil prices in the short term to bottom at the 45.6-46.1 level; This chart is meant to provide Target Prices for my 'Oil Channel - If It's Not Broke...' chart; please refer to that chart for more information on my overall view as this chart is intended only as a support chart for price targets. I will buy/open long positions at 46.10 and expect that prices may drop down to the 45.6 level. I will take partial profits at each of the Target Prices shown on the chart and will then look for lower levels to re-add the partial long positions in an effort to stagger as prices rally again. Please refer to the chart below for additional details: Good trading all!
NYMEX:CL1!Long
by smitheric1970
$BTC testing highs and why USDCNH mattersBitcoin highly correlates with Dollar pair volatility these days, these are signs the market has matured a lot. Which makes sense since the CFTC considers it a commodity these days as more CFTC approved derivatives are on the way. US largest trading partner is China, any market correlation done on any asset if you ask me starts with capital flow from those areas, Europe is a close second which is why you're seeing great coordination between central banks in these economies. I believe the breakout into ATH's on Bitcoin will go together with the continuation of the USD bull market. China is hugely Dollar hedged which is why PBoC will simply keep fixing CNY down to benefit off this.
BITSTAMP:BTCUSDLong
by W.D._Goon
CIG - Cup & handle formation break-out Long from $2.87 to $3.67 CIG seems breaking out a cup and handle formation, also broken out long term resistance. Moneyflow is strong, and also has support form the moving averages. We think it has good upside potential & it can go all the way to $3.67 or higher. It was send through our intraday alert. * Trade Criteria * Date first found- February 15, 2017 Pattern/Why- Entry Target Criteria- Break of $3.10 Exit Target Criteria- 1st Target $3.43, 2nd Target $3.67 Stop Loss Criteria- $2.87 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:CIGLong
by AcornWealthCorp
Gold - More Upside coming?Gold has proceeded to push past the 1212 mark which, at one time, was very significant. It has continued its uptrend and at the moment is forming what could be either a double top or simply a continuation candle that will form a higher high. Do have patience and wait and see, the NY rush hour on Monday will be very telling. Also keep an eye on the USD Index, If USD heads down, Gold and EURUSD usually go the opposite way. Choose one and don't over leverage. I am biased toward the upside, as it is quite evident from the chart. Nonetheless, there is no absolute certainty in trading, so trade carefully and good luck to everyone!
OANDA:XAUUSD
by SageFXTrading
VIRT - Possible flag or breakout Momentum trade from $18.57 VIRT seems breaking out its long term resistance forming a flag formation. On the weekly frame it seems breaking out of a downward channel. It has strong insider buying, Strong Moneyflow on weekly chart and above all moving averages supporting this Long trade. * Trade Criteria * Date first found- January 25, 2017 Pattern/Why- Flag formation, Breakout of Long-term resistance. Entry Target Criteria- Break of $18.57 Exit Target Criteria- Momentum trade Stop Loss Criteria- $16.87 (Note: Trade update is delayed here.)
NASDAQ:VIRTLong
by AcornWealthCorp