Wire (Encore Wire) is an Industrial with a high and tight flag. I don't normally play high and tight flags in a general bear market, but industrials have been strong since last year, and this company just is kicking butt. Encore wire scores an A) in cash flow, growth, price momentum, and profit health, and a B) in relative value. According to Finbox models, this stock has an upside of 37.3%. And zero debt. Wire and cable. Think electric vehicles, etc.
High and tight flags have been backtested as 67% continuation patterns in the general trend (up). The reason they are so successful is that at new highs, there are no sellers above.
Not a recommendation, just an idea.
WIRE
WIRE - Encore Wire CorpHalf size position taken on the 11/10 breakout with a stop below the day's low.
Closed early as the breakout came back in on overall market weakness. Did not want it to gap against me the following day. Looking to potentially rebuy.
Company is showing absolutely elite levels of growth currently & should be boosted by the infrastructure bill.
GBPUSD Approaching the Zone Update(11.5.21)Sniper Entry Comming 😇😇😇😊
Due to the Previous analysis of GBPUSD that expecting to go long after the hidden gap filed and restest of the Range Resistance which becoming support which is approaching today as I analyzed! The News of US inflation Helps the pair to complete its correction. The Monthly, weekly, daily, and H4 market structure is Bullish of the RSi and MACD. Now we can take long from here,
Entry Should be 1.39850
with the target of 1.43500 to new monthly high
and Sl around 1.39100
As I m just started using the trading view so u r likes, give a tip n follow will improve the next step
thanks to all
We help all the traders who r not profitable and who had to face lots of problems with their financial statement and income.
We know cause we were there at some point!
GBPUSD Long After Retest of Demand and SupportAs seen on the Chart of GBPUSD, yesterday GBP strength was quite strong yesterday on all GBP pairs.
As we can see the market has Ranging for a long time which breakout and tested the weekly supply zone.HNS pattern given on H4 Time frame,
I'm expecting to go long after the hidden gap filed and restest of the Range Resistance which becoming support and combined with Rally base Rally
gives me a strong zone to go long.
Entry Should be 1.39800
with the target of 1.43500 to new monthly high
and Sl around 1.39100
As I m just started using the trading view so u r likes, give a tip n follow will improve the next step
thanks to all
$GBPUSD - Double TopHi guys! 👋🏻
🔔 The Pound looks strong and is looking to break the resistance and climb higher, though there are resistances and patterns that signal a correction.
🔔 First and the foremost is the dynamic resistance (upper threshold of the ascending channel) on a 4H chart. The pair penetrated the resistance and was sent back yesterday. The pattern on the same 4H is “double top” which in general signals a bearish move.
🔔 In the bigger picture, we have witnessed the closing price of November 11 and November 18 bear a strong resistance, and highs of the aforesaid candles also are at Fibonacci 0.786 level. Only closing above that level will confirm the further bullish run.
🔔The MACD line is already below the signal line, hence might be confirmation of a correction, though the best would be to wait for the pair to break the dynamic support.
🔔 If the breakout is confirmed, the pair will drop towards 1.31430 and below that to 1.30648. Continuation of the correction might be backed by strong US Jobless Claims data today and weak UK Retail Sales data tomorrow.
✊🏻 Good luck with your trades! ✊🏻
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$USDJPY - Correction inside a channelHello everyone!
GBPUSD is testing a dynamic resistance and couldn't get enough power to break it and proceed forward, hence I'm expecting a correction here.
Best of luck to all of you!
