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Strong Doji on Weekly Can Possibly Signal The Bull MoveAUDCAD looking like a buffet with that super-strong doji on the weekly. The strong bearish move was unphased last week and barely made a juke at all. It did a rejection at the daily and it looks to be forming a pullback on the 4hr. The weekly shows a large rejection like the downward move has come to a screeching halt. But one way to know for sure is to see how the market plays out. Trade well this week. This may be the one I keep an eye on this week. BULL TPS: • 0.90314 • 0.90955 • 0.91256 BEAR TPS • 0.89873 • 0.89467 • 0.89025
Long
by NikaJourney
NFLX Long set up - for Christmas binge watchers.. See chart for zones of interest. Daily if we break out of the correction - wave traders would call this a completed abc flat with a short c leg. Can not rule out D Triangle setting up so watch that TL above, or C leg continuation so stop out is possible.. 240 looks Bullish with buyers in this area with a nice stop level to give an attractive near 10x R:R scenario. If the stop hits.. watch zone below for next move up option. First level goes, then trail it for profits.. Happy Trading!
NASDAQ:NFLXLong
by docholliday
DIS LONG - wave pattern playSmall position with plan to exit if the lower level downtrend remains intact - break out.. will add on to get full position. Lower entry alert is ready to go - hard stop below (red dashed). Wave traders know this as the running flat pattern - we also have a weekly breakout and retest for those looking at larger timeframes. **note trendlines, patterns, areas of interest (zones,colors etc.) are questions that I am happy to entertain but recommend DM as that is more involved than reasonable to do in comment of an idea.. glad to do so, but give me a little time** happy trading, stay green!!
NYSE:DISLong
by docholliday
Where will Gold Go?Observe the area of previous resistance (and now support) of 1444-1462 . If we break below this , the next zone Gold could trade at the previous zone (1365-1440). Michigan consumer Sentiment is to be released very shortly. If we have a positive reading, the price of Gold will be expected to fall as USD strengthens. If we have a negative reading, the price of Gold will climb as USD weakens. Overall, look for price action to get into the sell position, be careful on jumping the gun too early. Set take profit near the bottom of the previous zone and the stop loss right above the low of the current zone.
FOREXCOM:XAUUSD
by tradetoprofit