Microsoft in watch list for next week: price will retrace (probably today 2018-09-14) and stochastic will go down. Wait for stochastic in oversold area then buy MSFT
Again as per my previous forecast: 2018-09-09: Looking at stochastic, it seems to be a rebound at stoch 20 level. Possible buy up to resistance level (red area)
Office Depot (ODP) opportunity: Stochastic rebound at level 20. Doji formed on 2018-09-13. Stock strenght is good. My suggestion is a buy stop at 3.23 and follow the trade untill stochastic goes in overbought area.
Looking at stochastic, Costco is out of overbought area. When stoch will turn up, then it is moment to buy
This week watch list: CORE MARK Price will go down (bearish enguling) and stochastic will go in oversold area. To buy once stochastic will come out level 20.
USDJPY forecast - location - setup: Green arrow scenario: - Price inside a triangle, once it is broken in north direction the target is 114.800 Red arrow scenario: - Price brake triangle down and target will be 108
270-272 is a resistance level: my forecast is that adobe will not breach this area today 2018-09-14. I'll add ADBE in my watchlist for next week because, after a retracement (down from overbought area of stochastic), will go long and will break the resistance area 270-272.
EURUSD Forecast - location - setup Chart ready for next week scenario and analysis: 1- Look at price action 2- If price breaks support 1 then the target is support 2 3- At support (1 or 2) price could bounce to resistance area 4- Out of resistance area, if price breaks through and close above (PBT&CA), BUY 5- At support level 2, if price breaks through and close...
USDCAD forecast - location - setup Three possible cases. Case 1: Buy stop 1.30550 TP: 1.31300 SL: 1.30300 R/R: 5 Case 2: Buy limit order at 1.29815 TP: 1.31300 SL: 1.29750 R/R: 22.5 Case 3: Wait price in support zone If price breaks through and close below (PBT&CB) 1.29760 then sell. TP:1.29045 SL:1.30000 R/R: 2.98
AUDUSD forecast - location - setup Two possible scenarios for this week: - Green arrow: Price tested an old and strong weekly support but USD is not strong enough to break it definetively; rebound up to channel line. - Red arrow: support is no more valid; bear shooting star formed on friday and moving averages are going south. Enter below 0.71300 and keep open for...
Office Depot opportunity: Stochastic rebound at level 20. Doji formed on 2018-09-13. Stock strenght is good. My suggestion is a buy stop at 3.23 and follow the trade untill stochastic goes in overbought area.
Again, as per my forecast of Sept. 3rd , URBN could go long up to resistance area highlithed. Buy at market open and TP from 47.72 to 48.50. Stochastic is supporting this idea and SCTR is high enough for a buy.
BABA is close to a support level of June - August 2017 and Stochastic is in oversold: my forecast is LONG but wait stochastic coming out 20 zone. 4h timeframe confirms.
QQQ is a stock to watch: if price breaks resistance area and stochastic comes out the oversold zone (20 line) then price will go up to next resistance level.
Netflix forecast next two days: - Looking at stochastic, it seems to be a rebound at stoch 20 level. Possible buy up to resistance level (red area)
Bear Pin bar High of day candle touched a weekly resistance so my forecast is GBPUSD short at least on Monday Sept. 10th
DXY just entered a pressure area: - 91.80 was a support in first week of January then it was broken: now it can be a resistance level! - 92.25 to 92.57 was a strong resistance in January so it could be a strong resistance level too. Slowstochastic is Overbougth, which is a good confirmation for short. Entry SHORT level: 91.50-91.25 with a confirmation at lower...
Long position for ORLY. Daily engulfing, SCTR high, Stoch bounced on 50 line.