Here is a bullish 5.O on the GBPAUD. Now, I have not taken the short on this trade as there is a release of the interest rate from the Reserve Bank of Australia. This will severely affect the movement of price. However, once dust settles, I MAY take the long of the 5.O. This is one worth keeping an eye on! Shark Ratios C: 1.13-1.618 D: 1.618-2.24 xD:...
The Cad is proving to be rather bullish heading into this week- here we have a bat bouncing along a pivot line. Price has already began to stall out at the D point and I have taken a long position. TP will be at 0.618; I will move my stop to break even once price hits the 0.382 level. I do not use indicators when deciding wether or not to take a trade, but an...
The Daily Chart on the GbpCad is providing a very bullish set up. If price reaches the D point of the butterfly I will be shorting until the 50% retracement from C-D (where the 5-O completes). There shouldn't be any fundamental intervention until Bank of Canada Governor Stephen Poloz Speech in Mexico on the 4th of May; until then price will flow naturally. ...
Here we have a bearish 5-0 on the dollar-yen. Price is in a downward channel which has also provided a reciprocal AB=CD within the same pattern; the AB and CD waves are completely symmetrical. Price has already touched the 50% retracement and has began to stall- I have taken a short position and will hold until 108.3. My original stop loss was at 112.7, but...
Another lost opportunity! the perfect pattern
After a lateral moment, the price went out the rectangle and we can trace a trendline using the two low. In my opinion the price is retracing till the next level wich is in the fibo retracement of ABCD pattern. Probably it could test the trendline, reach the D point and retrace again
Siri has formed a head and shoulders pattern after a strong uptrend since it was $0.04 in February of 2009. Some notes: - Monthly indicators show the stock is well overbought and due for a pullback. Daily indicators show the stock is oversold after pulling back from $5.53 (52 week high). I would look for the stock to consolidate momentum near the neckline prior...
HDSN also forming a flag formation. Looking very good. We are keeping it in watchlist for potential intraday Long entry opportunity. Please check back for Trade updates. (Note: Trade update is little delayed here.)
Here we have a symmetrical AB=CD on the aussie-dollar. You are able to trade ab=cd's on their own, some may go long here. However, i'm not a fan. Due to the set up of this channel, I will wait for the 0.786 retracement, then, rather than waiting for the 3rd drive to complete, I will short the 3rd drive as it reaches the top of the channel. Combining technical...
Here we have a bullish set up with the USDCAD pair. Price has broken the neckline, burst north and created a higher high; we are now between the 1.168 and 2.24 extensions of the 5-0 within the right shoulder. A 50% retracement accordingly from anywhere between these extension levels will create a new low and should provide a great long entry at support around the...
It seems Starbucks is continuing it's uptrend price action (Daily Chart) with a possible LONG entry based on a Bearish Cypher pattern formation if it becomes validated on the Hourly chart, to complete a Wave C correction/consolidation. Chart pattern suggests a high probability trade going LONG on this in continuation of uptrend, based on an Impulse Wave 1...
Important price level, with double top reached. Divergence on RSI and tp lvl on Fib lvl
Wait for reversal signals before entering this trade Excellent RR