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Rally

CADCHF - Possible new Rally to take out the first Supply LevelLast night my CADJPY buy trade reached the take profit earning +720 pips of realized profit. Now with this chart I answer to a doubt of a member of my facebook group about CADCHF. He sold for the short term, but of course his entry point was a high risk entry. CADCHF shows in the highest time frame a Rotation of the Man Trend, from bearish to bullish. In the daily chart it is possible to see the price that is rising up. The demand willing is prevailing and the price could take out the first Supply Level the daily chart, rising up in a new possible rally. On chart I marked Supply and Demand Levels and Rally, Base, Rally behavior. What do you think about this currency? Thank you Girolamo Aloe
by girolamoaloe
Again a bitcoin fractal.That is where I think we are now. We`re in a quite similar fractal of the "small" rally of 2012. As you might remember, that rally took place a few months before the halving, after a long bearmarket, a situation strangely similar to where we are now. My prediction: I think we´ll slowly rise back to 450, build a plateau at 450-500 and stay there stable for a few months. Then we might see a rally unfold, if bitcoin continues to do fractals. It would fit also the upcoming halving in the middle of 2016. However, for that, the potentially upcoming economic crisis needs to fully unfold, with lots of capital flowing into bitcoin. The chances for that are not so slim.
BITSTAMP:BTCUSDLong
by SebastianofMoon
Long EURUSD: Potential Rally Through (iii)-of-CEURUSD may be entering a strong rally through wave-iii-of-(iii), providing an opportunity to take a long position with a R/R of 9.36. The larger C-wave is an expected 5-wave impulse considering wave-A was also counted as 5 waves (5-3-5 zig-zag). Since a bullish 5-wave-(i) was corrected by a zig-zag decline and a price was rejected at the .786% retracement of (i), it is reasonable to consider this an indication that wave-iii has begun. Hoever, if wave-ii retraces deeper, and it may, the position will be stopped out and another long position can be taken at the next indication of bullish PA into iii. Target is placed at (A)=(C) with a SL below wave-ii.
Long
by glennmercer
23
Bitcoin: A Longterm OutlookIt might take a couple years before another rally. The next 4 months I expect price failing at the red trend line and coming back down to 220-300 depending on how strong demand is there and therefore if it's worth for whales to try running the stops bellow 230. The 800-900 target is derived from meassuring the distance at the widest place within the triangle, and projecting that same distance (150%) from the (expected) breakout point upwards.
BITFINEX:BTCUSDLong
by MagnusTradingGroup
20
Bat Pattern, Eur/Aud, 1 hrHere we have a completed Gartley pattern in the positive deviation area of the last 100 and 200 moves. According to my strategy , this market is likely to reverse down into the negative regression. As of right now, the market is retesting the high at point D and we should see a trade completion in the next couple of hours. Anyone that has been following my trades knows that last week I had a very bad week and I am making a minor change to my strategy for the week , until we recover from our losses, i was previously trading all harmonics to the 1.618 extension of the BC leg, but as of this week , i will only be trading harmonics to the .618 extension , just for a guaranteed close for profit. I have placed my trade actions as follows: Limit: point X Entry: point D Limit: the .618 extension of the BC leg Please like and comment if you agree or disagree respectively. And always follow me for more updates on market analysis and harmonic patterns , and recently a lot of wave theory's. And as always Good Trading Everyone!
Short
by Kylan_Laymance
PBR: 7 Year Bear Run Over?How do you not like a stock that doubles in a little over a month? PBR killed it on their last earnings report and it has been on fire ever since (with the help of the energy market). Pull up a monthly chart on this stock and you can see their is a lot of momentum behind this move. I suspect this rally to last another 2-5 months at least. Expect a strong trending market to continue to form. I marked out the current main support trendline from the lows in march. Intermediate target right now I have set at the .387 retrace of $11 and .5 retrace of $13. I can easily see PBR rallying pass these targets as they reported higher YoY revenue, net income, and cashflow. Intermediate support is seen at 9.50-9.40, 9, and main support at 8.50. Expect momentum to continue as long as price remains above 8.50 Have a chart you want me to analyze? Comment below!
NYSE:PBRLong
by Ape
8
Possible Imminent Move toward $400 The market has been moving towards it's short/medium term resistance levels. Recent volume and price action suggest that these resistance levels may be broken. Such would mean a sharp trend up toward the next major resistance level of $400. It's also entirely possible that these resistance levels will NOT be broken. For those of you that are newish traders: remember that a true resistance level violation must be accompanied by *sustained* relatively heavy volume AND similar conditions on other bitcoin exchanges (namely Huobi, which is the zero-contest market leader right now).
BITFINEX:BTCUSDLong
by the_batman
3