Those are the next great supply and demand levels for long and Swing term positions, the supply above us is a great level of swing term, If the price retrace this level before hit the demand below, I'll sell there, My target will be the demand below, this demand also a great level of long-term Buy position, I'll buy at this demand, and my target is 1.5500 zone.
At the swing and long-term, NZDUSD is bearish, above us There is a great supply level for sell position, I'll sell at this Supply as a continuation trade, my first target will be the support Zone and the final target is the Demand at the bottom.
Looking for bulls to take over control. For target i see last hight at 152 1.28% .830 as good zone to bank profits. 151.190 is also good zone, if prices struggles to move higher above. And for risk management previous low is a good point to set your stop-loss. Good luck all.
Based on the daily charts, I would swing this to the upside where there is the next major resistance. There were 3 drops (highlighted in yellow) on GBPNZD that all held. This is a great sign that this will have further upside movement. If you're swinging this, stop loss should be below that zone.
CIG has been very cyclical lately, and has been reliably bouncing off of this trend line and bouncing dramatically. I think there is a high likelihood that it will continue this trend and pattern. That means that I should have a fantastic entry point soon.
china lodging group could be setting up for a nice big swing ghost town pattern in the action zone waiting for price action bullish hammer etc for entry signal
- STX has pulled back after a breakout earnings report and completion of Measured Move target at $49.70. The Measured Move completion corresponded to the test and failure of the weekly 200sma. - During the upward move, prices trended strongly and respected the 34EMA Wave during pullbacks/consolidation. - I am waiting for prices to fill the earnings gap and...
A Wave 2 ZigZag has completed at the .618 retracment of Wave 1 which is a strong indication the correction has complete. The price has already made a bounce from this level and seems to be in a correction which has probably has further downside before the up move. This initial bounce could be the beginning of a Wave 3. The larger picture shows this Wave 3 could be...
Long fn retraced to .618 with reversal pattern at key level
some nice swing in the euronext another bullish kicker in the action zone bought in off the dragonfly but if price action is anything to go by we should see at least three consecutive up days with weak swingpoint to break and volume could be a nice big swing
oversold bounce against trend relatively week will look for short in action zone
Beautiful bullish engulfing right in my action zone As part of my swing trading strategy i scan for trending stocks that have pulled back into my action zone for this i use an action zone between a 10sma and 30ema
Brookdale Senior living is showing a bounce off a strong resistance line. -Sellers attempted to force stock down further but were unsuccessful, as evidenced by the hammer candle. - Enter LONG with a price target of $16, slightly below the previous peak, to avoid extra unnecessary risk. - Set stop loss at $14.10, below the main resistance line. Get out...
Here we have an inverse head and shoulders, a second last kiss to the broken trendline, a supply zone, AND bullish USD fundamentals. This should be an easy swing buy, with TPs at 114.800, 116, 118, and even potentially a new high for the past year, depending on data leading up to the rate hike decision and then the decision itself in March.
A potential 1000 pips opportunity if the market exceeds the current resistance of 0.77017 and then retest the area as a support. This area of support and resistance has being active since the crash of 2008. Check how the market reacted to the zone during the crash.
Inverted head and shoulders pattern on the weekly chart of the cad/chf pair. After a downtrend that's been going on for the last 4 years, the price is currently at the neckline level and the pattern is almost completed. A reversal is to be expected but will price action follow through and give us a breakout of almost 900 pips and restore the pair's levels to...
- Significant upper shadow - 5ema not piercing through body of break-out bar - Bearish market + Broke-out under extremely high volume + Bullish Trend Intensity