following the trend with a tight stop loss comment below your thoughts.
Analyse the chart provided and please share your opinions and bare in mind this is only on the 1hour chart.
we have a strong trendline which has recently been broken going from a resistance to hopefully a new support. I have waited for a retest to see if it would hold and it looks good so far. I personally will be taking this trade as its a low risk high reward due to the timing of placement. Let me know what you guys think below all opinions welcome.
Currently building momentum and testing its new support line, (previous resistance) I believe that now is a perfect entry as we currently have the retest being showed to us. Comment below your thoughts!
SELL LIMIT @ 1292.80 SL @ 1310 TP @ 1240 This is a long term trade perhaps a 2-3 week however expecting big returns. Free trade of the week.
Short signal Head and shoulder forming on AUDNZD.
With a breakout on a previous uptrend and an upcoming resistance from a previous head and shoulder this is called the neck line which i have labelled on the chart. The breakout has retested the only support line and i will personally be taking a short on this pair.
With a wedge pattern forming and an uptrend recovery i would suggest a bullish breakout.
This is for the stock traders, maybe a possible down trend on Microsoft however with it being a company in the technology sector i would be careful as a new product or software could significantly change this.
Possible short opportunity after the retest.
Waiting for a retest then enter for a short and a big profit.
plenty of reasons why this trade should be taken as shown in the chat and with no news reports due to be released to Wednesday this should be a good trade to take place.
Another view of a short to prove my analysis with a strong retest .