Sublime_Trading

Sublime_Trading

Keywords Studios has been going sideways since late last year and when we see a period of consolidation that lasts for several months, we do not want to enter on the first breakout. As you can see, the first breakout of consolidation in early March saw price return back into the consolidation zone. This is classed as a fake breakout. What we want to do as smart...

Sublime_Trading

We last posted on the GBPSEK on April 7th when price had broken out of a circa 4 month consolidation and was showing positive signs of developing into a neat linear trend. This is exactly what we want to see as trend traders as linearity offer opportunities to enter, and more importantly, compound. Since our past post, the GBPSEK has continued to perform well....

Sublime_Trading

Fairfx Group has now broken through the £1.00 round number with a strong bullish bar. I published an idea for this UK stock here where you can see price was just touching the resistance level at the £1.00 round number level. This level did cause a brief barrier for price as it hesitated before smashing through that level with a large bullish candle. The...

Sublime_Trading

Tesco has broken the resistance level. The previous pattern consisted of lower highs and lower lows. This may now change to higher highs and higher lows and if this is the case then we may see a bull trend form. We would preferably like to see pullbacks that are not too deep and we want frequent breakouts in an uptrend which would indicate to us that we are in a...

Sublime_Trading

We last posted on the GBPUSD on March 21st when price was showing signs of strength but still trading within the marked area of consolidation. Since that post, price moved further up, came back to retest the 1.4000 round number support level and bounced back to the upside. Price has used this support levels to spring board back towards the high of January of...

Sublime_Trading

Burford Capital is still advancing since bouncing off the support level. Price may not move fast in a direction but as long as it is consistent then we just need to follow our plan. The plan in this case is to be patient and still wait for a break of the resistance level before entering a long trade. As you can see, the all-time high is not too far away so we...

Sublime_Trading

We last posted on the USDSGD on March 27th when price was firmly range bound between pivot resistance from September of last year and the round number 1.3000 acting as support. There has been no change on this since then and price has continued to side wind between those levels of support and resistance. Price is our, and must also be your, primary...

Sublime_Trading

We last posted on the USDTRY on April 6th when price had broken and closed above pivot resistance. Prior to that, price had been in a consolidation that stretched back to November of last year. The longer the consolidation, the bigger the breakout is the expression and we would like that to hold true for this currency. Price has seen three strong bullish...

Sublime_Trading

While the other JPY currencies that we have posted about, such as the AUDJPY , the CHFJPY and the USDJPY , continue to pullback or remain firmly in consolidation, the TRYJPY is leading the way for a possible breakout and trend continuation. We last posted on the TRYJPY on April 4th when price had pulled back to and found resistance at a previous pivot...

Sublime_Trading

We posted on the EURTRY for the first time on Sunday explaining that price had broken out of long term consolidation and was trending nicely towards the major resistance level of 5.0000. It is at these levels where many would enter short positions trying to pick tops. It is a difficult and inconsistent approach as it involves guess work which often leads to...

Sublime_Trading

Coca Cola is still holding strong above the resistance level. If that level continues to hold as support then we could see a potential long trade on the table soon. The Monthly, Weekly and Daily remain bullish so continue to stay patient before taking a trade. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!...

Sublime_Trading

FX trading is about understanding which group of currencies are in trend and then narrowing down further to the best looking trend structures within that group. The mistake that many traders make is having an unhealthy attachment to a single currency like the EURUSD or other instruments such as gold or oil, based on the name, and day trade away over multiple...

Sublime_Trading

Bovis Homes has made attempts to break through the strong resistance level in the past but couldn't quite make it through. A break of this all-time high at £12.20 created in April 2007 could indicate the beginning of a strong trend. That breakout confirmation is essential as the high has not been broken after a number of attempts in the past. We can see price...

Sublime_Trading

Coca Cola has broken out of resistance which is what we have been waiting for and was mentioned in this post. The 50 simple moving average helped push price up and through the resistance level. The next few days/weeks will be important because we have to see whether price can stay above the resistance level. We sometimes see fake breakouts where price breaks...

Sublime_Trading

The GBPSEK is one of the better looking GBP currencies with price trending well and currently going through a mini breather as opposed to a deep pullback such as the GBPCAD . Last month in March, price broke out of a period of consolidation that went back to December of last year and has since been trending very nicely. The emerging trend structure has so far...

Sublime_Trading

The USDTRY is new to our TradingView blogs and deserves highlighting given the current setup. As an exotic, this currency pair can trend well and highlighted on the monthly time frame but pullbacks can be deep and price can go through extended periods of consolidation. This is useful to know for those that want to trade this. There is no better indication of...

Sublime_Trading

Burford Capital is showing signs of potentially breaking out after bouncing off the support level which I mentioned in this post. This is what we want to see after price breaks out of consolidation, a retest of the consolidation zone then a bounce off that zone, then a move in the direction of the main trend. We now just need to confirm a bullish trend may...

Sublime_Trading

Fairfx Group Recently broke its previous all-time high which was at £0.88. After a major area is broken we can expect price to retest that level before advancing which has happened with this stock. The retest of the support/resistance area gave price some strength to the upside but then found it difficult to break through the psychological round number...