Signalfree
COST broke out of a long term resistance. Can it hold?It's been a few days since COST broke out of the long term resistance of $389.58 that was forming since November 2020.
The question now is, can it hold?
Two reasons why I think it can.
1. It consolidated after a move higher and made a new 52 week high
2. Its expected to do well in the coming year.
Now, looking at its past performance I think COST will come back to retest the $387.60 to $389.58 range before moving higher.
The main reason why I think this is because the breakout didn't have a large amount of volume kicking it higher; and because the follow through also doesn't have a lot of volume.
Final thought:
COST did break and I think it'll continue to move higher but not before retesting the broken resistance.
This is one to keep an eye on for sure.
USDJPY Technical Analysis
Welcome back Traders, Investors, and Community!
Here on USDJPY The price has got rejected from the Resistance zone with series of red candle. It also has made lower highs which indicates the Bearish trend. It may get a Pullback at 110.8
but then it will go lower to the Support line which is the lower band of the channel. If the price breaks below the Support there is a high chance that it goes lower to 109.10 but we need to see confirmation after the breakout in the lower time frame.
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📉 CryptoCurrency 🚀 BQX / BTC 🚀BUY : 0.000080 - 0.000089
TARGET 1 : 0.000096
TARGET 2 : 0.000104
TARGET 3 : 0.000120
Stop Loss : 0.0000075
AUDJPY SELL NOW | GOING DOWNHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in AUDJPY .
I still did my best and this is the most likely count for me at the moment.
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SPX500 quick intraday short for tomorrowHi Traders,
This is our view on this cross for the next days.
#SPX500
SELL 3834
SL 3848
TP 3820
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
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Trading Kitchen
EURJPY SHORTas I told you last week ... "EURJPY has reached the trend line where it has been following for more than 10 years, and we expect a drop to the 121,800 area. If we have a daily close above 127,000 we can expect it to follow its path and close the W formed in the last 2 years. "
As you can see, the pair has rejected the trend line and we expect a decline to the 121,800 area in the next period.
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
USDCHF SHORTIf last week it went up, as we predicted (see the analysis from November 8),
this week we expect a larger rejection of 100 pips ... and then up again! Stay focused!
This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.