Good ~200-300 pip long setup The pair is looking to stay range-bound within this wedge Would look for consolidation at 1.63 level before taking long position Also looking for a potential long-term buy opportunity with a break of the wedge resistance... I like the short NZD fundamentally Here's a daily chart showing the wedge
Weekly candle chart $DXY trading in a ~7% range since early 2015 Will the range hold? Will it break? RSI looking bearish, but has also found support in the past, maybe looking to give the 61.8% retracement a proper test. I could see the Fed just playing ping pong using their announcements for the rest of the year, curious to see how it goes. Also wondering if...
PA is still in channel. Break to the downside has 2 targets, 2.07665 and 2.05053, that's if PA breaks the channel. Upper range break would target 2.13550 and perhaps 2.14570. Keep in mind the weekly chart where a pennant is forming and the bullish bat completion at 2.00 is in progress!!!
i'm waiting for price to reach 0.6680 and then short the pair.
Has OKE hit bottom? Will it finally break out of the $19-$26 range it has been trading in since December? Stock RSI says back down. OKE heavily trades with oil. I think a mini correction is coming in the oil markets, and I think that OKE will revert back to its range. Of course set your stop loss tight, b/c if this goes the other way it could be one heck of a rally.
With the Long-term trend being down and the break of a Short-term up-trendline, I see a Short opportunity together with Price Action Bars, ofcourse. Although We can see that Price currently is in an Range structure and we have to be Cautious for the Tests of Support and Resistance. Further we see previous Divergence of the RSI with the Dominant trend and RSI at...
EUR/GBP has been in a range since March 2015. Another retest of ~0.7400 at the top of the range and a high test close with oscillator bearish divergence offers a short position in the ranging pattern possibly reaching the bottom of the range at ~0.7000. entry - below low of high test bar stop loss - above high of high test bar target - bottom of the range/support...
Sitting in a range EUR/USD may rally back to the top of the range. If not, it may retest the level halfway and continue downward. Signs of bullish anticipation are shown by price finding support at the bottom of the range, a near resembling low test bar - but really a bullish reversal bar , and Stochastic and RSI bullish divergence . entry - above high...
Nikkei has been ranging for a while. Had a big move up today after terrible Japanese trade data. Probably market expects more QE. Anyways on the meanwhile a nice short with first TP at bottom of range and second TP at old support
This is a WEEKLY chart of the SPY. All moving averages are also weekly. These are longer term signals I am pointing out. I want to focus on a few things on this chart. 1) The broken uptrend line 2) The new horizontal range 3) The last two weeks and a Monday 1 - The Broken Uptrend Line There is a green uptrend line that started back in Oct of 2014 and was...
USDNOK has been trading laterally for some time now and no sits right on its weekly (120-h) mean. Volatility (measured by 3.2 st deviations) is compressing and there is no apparent slope of the mean. As there are no significant news (calendar events) coming out on the USDNOK today. traders can pick trades both ways, betting that the price will keep reverting to...
EURUSD is likely to continue its highly volatile lateral movement around is quarterly (66-day) moving average, within the approximate range of 1st standard deviations from the mean (their current span is 1.075-1.1340) The price also is likely to hold within relevant highs and lows (that is to trade between 1.0450-1.1470). Key reason for this is that EURUSD has...
WTI oil currently trades in the upper part of lateral quarterly (66-day) channel, that is above the quarterly mean (now at 56) and below the 1st standard deviation from that mean (now at 62). From the looks of it, WTI oil has a high chance of staying within current range (or at least close to it). Lets step back take a broader view of situation with oil...
A DAILY CLOSE ABOVE RANGE RESISTANCE INDICATES POTENTIAL FURTHER UPSIDE, A CLEAR BREAKOUT OF LONG TERM RANGE EXPOSES 1.2520's THE 150 DAY MA THAT WAS PREVIOUS RESISTANCE ON 4H CHART HAS BEEN BROKEN, A POTENTIAL MA CROSSOVER TO THE UPSIDE CANNOT BE RULED OUT EITHER - ADDING TO FURTHER CONFIRMATION OF UPSIDE POTENTIAL A RETEST OF PREVIOUS RESISTANCE TURNED SUPPORT...
A poorly constructed head and shoulders is also present on this bearish chart. Stop loss - Just above 0.236 fib - confluent with resistance Entry - Close below 0.382 fib and yellow rectangle Take profit - Bottom of green rectangle (immediate support) Over 1:3 Risk Reward on this trade.
We might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box...