Potential EUR/CAD Long Keeping it simple here.
Broke through the resistance on the 4th touch, I will be looking for the price to retest the highlighted area before looking to go long.
Simple
AUD/CHF 7:1 RISK REWARD SETUPAUD/CHF was trending down for a very long period of time. Had a strong pullback and is now starting to form a double top. With the huge bearish push from the first time it touched this zone in comparison to the slow climb back to the same price level. I believe the bears are still in control, price just coming back to collect some more orders to make the push downwards.
This all being said we have a perfect short setup here following the double top as long as this rejection occurs cleanly.
Happy Trading! :)
Nobody wants pizza Beside the fact that Coronavirus is crushing stock prices - Dominos has been in a long painful correction since better than expected Q4 earnings, taking it's price to ATH and testing new ground. Price has broken through the descending channel shown, turning this into the upper axis of a flag pattern, the lower axis being support at 334. A close below 334 will give us that last push down, if support holds I imagine price will continue into the triangles boiling point.
BE GREEDY WHEN OTHERS ARE FEARFUL - LONG SP500 - TP 3000!!!Warren Buffett: Be Greedy When Others Are Fearful.
If you have followed me and you will know in my previous 2 posts, i have made money & i will keep on making more.
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Based on MTF analysis, 4H 1H 15M has shown pre-divergence, and i am going to enter my trade based on 5M chart.
For the time being, just waiting for WAVE #5 to be formed, and i will go in aggressively.
Do take note, SP500 might continue to go lower, since the virus outbreak is getting worst in Italy. Do set your CL tight and chill.
I will start taking anything below 2600 level, and do short-term trading based on support & resistance level shown in the chart.
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one of two ways as alwaysPrice will either bounce off and continue up or break through buy or sell accordingly.
NZDUSD 4hr IDEA NZDUSD should be making it's way to the upside. Looking for price to tip the bottom around .64214 and or .63913 and also having a box 2 blow out, seeing if price would reset itself to have a continuation of the downside and THEN MOVING UP , setting on top of previous price action.
