APPL has been demonstrating strength for some time. From a purely technical standpoint I view recent weakness as as possible buying opportunity on a day trading basis. If price can retrace back to the 92.22 area, I will be looking for bullish validation and set targets in the 93.50 to 94 area for an intraday trade. If price only retraces to 93.40 area and price...
I am watching AMZN for a potential day trade long. Waiting for my particular setup to validate, I have projected significant support between 315.12 and 319.90 area. This coincides with a 38.2% measurement of the broader price structure. Since my outlook is very short term, fundamentals are not something I consider for this type of trade. Since this trade has not...
The GBPUSD pair continues to present signs of strength within the broader technical structure. As long as price can stay above the 1.5200 level, it remains bullish in my opinion. The intraday opportunity I am looking for is a retest of the 1.5420 to 1.5386 area. This is a potential bullish reversal zone. Within this price range I will be watching my 1 Hr time...
AUDUSD possible day trade long opportunity. AUDUSD has been rangebound for a number of weeks now. On broader time frames this pair is still bearish, so this consolidation has a greater chance to breaking to new lows if pushed by a relevant catalyst. With that being said, I am most interest in taking swing trades at extreme prices which would be looking for...
From a broader perspective this is a mixed market. Price is consolidating near a psychological resistance area of 1.3200 While coming off a higher low of 1.3160 area. Since that has been no fierce sell off yet, this can be taken as a sign of strength. The problem is it has not confirmed with a strong 4 Hr close above 1.3200. I am looking at this pair in two...
Long Possibilities: I am watching the current retracement for movement back into the 1.3050 area or the 1.2980s area. Both price points are areas of interest that may attract buyers attention based on recent price activity. These levels represent supports where failed lows or bullish reversal patterns may emerge. The key is to validate the price action. I am...