Thetradingdistrict
SBUX - Can we push upwards?This is just a potential outlook. We'll be waiting for price to approach resistance #1
If price can break through resistance #1 , we'll enter buy positions to targets at resistance #2 . If price can further break resistance #2 and turn that into new support, there is a good chance that we can see SBUX continuing upwards to its previous highs.
SQ- Square breakout soon!Price is currently right at the breakout neckline. We need price to break into the 67.00's before we can look for buys. In addition, price is above our 180 ema on the H4.
If price breaks into the 67's, we will be monitoring this area for potential retest for long opportunities.
Price may potentially fill the gap to the left. Key resistance levels to keep in mind are:
- 69.75
- 74's
- 78's
AUDCHF - flag pattern breakout planPrice is forming a rising flag pattern indicating a bearish breakout. We expect price to either (i) break at the lower trend line of the pattern or (ii) continue up and reject from previous resistance before breaking the pattern to the downside.
Target will be the base of the flag pattern