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AMG TRADING OPPORTUNITYThere are 3 strong longing signals gor entering the position: 1- double bottom (confirmed by the brealout of neck) 2-pennant with oncoming breakout 3-volumes during formation of double bottom support the idea of trend reversal. Buy 147.40-148.00 (the breakout of pennant's resistance level) Stop-loss 137.00 (7% of allowed risk; if it's possible move stop-loss to 131.00 (-2 tics under double bottom) The first target 160.00 The second target 180.00 (according to levels of resistance and Elliot's waves.)
NYSE:AMGLong
by demyanchuk
GROUPON INC POTENTIAL OF GROWTHAfter formation of local longing trend there is third attepmt of the price to breakout the monthly (red bold) inclined line of resistance. Moreover there is a price gap whitch is a good long-signal. Also you can see inclined channel-flag with opportunity to be broken out. Recommendation is to buy. Entry point 4.00 (after proving breakout of the flag's bottom line) Stop loss 3.40 (-1 tic under current fractal low price) the 1st target price 5.00 the 2nd target price 7.00 (according to levels of resistance) total risk/return ratio 1:5
NASDAQ:GRPNLong
by demyanchuk
1
EURJPY 15 Bearish BAT PATTERN @ 122.80Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win percentage %. Back to the trade idea, it is a bearish BAT pattern @ 122.80 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 35 pips x 2 = 70 pips Reward #1: 43 pips. R:R = 1:1.2 Reward #2: 70 pips. R:R = 1:2 Plan your trade... Trade your plan.
Short
by Krunal.Patel