Watch-this-level
its a traphoosier craw daddy says that this may be a bull trap coming in the next couple months. we are at the peak of second stage bull market cycle, but price will revert back to mean. usually third quarter gets more mean reversions. no idea what arbitrage will bring, but watching. just identify cycle, decide best sectors, strategize
MYMMF is making a consolidation at 2.7 needs confirmationMYM Neutraceuticals making a bullish consolidation at 2.7 levels and is looking for the next big move. Notice increase volume at the bottom in an uptrend. Looking to break this resistance at 2.9. If it Gaps up and breaks pennant increased volume it could reach new all time highs.
Watch this Level: AUDNZD Daily #forexWatching this key support just above 1.1000 handle. A neckline for a potential double top pattern. Looking for confirmation to long near that support. If it fails, and price breaks lower i would look for a short. So we can trade this on both sides. Lets see if we get the confirmation soon. Will be updating if a trade setup present itself..
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Watch this Level: EURCAD Daily #forexClear horizontal resistance area here, that may provide a trading opportunity. Watch for a breakout or a reversal.
Note: A breakout would complete an inverse head and shoulders.
Good luck
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Technician
Watch this Level: EURJPY Monthly Resistance #forexLooks like EURJPY is testing a key resistance here, watch out for short term bearish bounces. A breakout above that resistance more precisely the top of this resistance region at 1.3667 may also signal good long setups.
Good luck
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Watch this Level: EURAUD Monthly #forex1.4100 has been a critical level, so far the price fails to close a monthly candle below that support level.
We also have the rising trend line that started from August 2011 major bottom.
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Watch this Level: USDCAD Daily The next major Daily (short term) support level to watch for the USDCAD. Watch for a rebound or a breakout. Looks like a great tradable level. A break below increases the chances of more downside.
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Technician
Watch this Level: Johnson&Johnson Weekly The next major weekly(medium term) Support level to watch for J&J. Watch for a rebound or a breakout.
Even if witness a breakout, usually short term bounces are highly probable before any sustained breakout.
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Technician