Sublime_Trading

Sublime_Trading

Asos LSE:ASC looked like it was failing to stay above the previous resistance level but price has started to show resilience again. This is thanks to the daily 50 moving average which it has used twice this year as support. Price is also above the weekly 50 and 200 moving averages so the overall trend is up. The high of the 27th February is the point that will...

Sublime_Trading

It was not long ago we were looking for potential shorting opportunities on the USDCAD when price was moving towards the round number support of 1.2000 in February of this year. Price back then very much had a bearish bias to it with price trading below the following levels: Monthly - Close to breaking below the low of 2017 and the round number 1.2000. Weekly -...

Sublime_Trading

Allianz Technology Trust LSE:ATT has broken out and created a new all-time high. Price is above the Weekly and Daily 200 moving averages. What is interesting is that the last time price visited the daily 200 moving average was in July 2016. Recently price took a trip back to the 200 moving average which is normal when a stock trends well for a long time. The trip...

Sublime_Trading

SKY LSE:SKY gapped up significantly last week. Previously this stock was just travelling sideways and was hovering around the £10 figure, then unexpectedly price jumped up which may be down to a news announcement. As technical traders we believe that the news is factored into price and regardless of what caused the gap, we have to figure out how to trade this...

Sublime_Trading

The USDJPY handed out very good profit in two bull runs between the end of 2012 and 2015 but has since been difficult to trade. Price spent 2017 in consolidation but weakness since November of last year has seen price breakout and now looking interesting for a potential shorting opportunity. The bear trend in play since the start of the year has covered a fair...

Sublime_Trading

Looking at the FTSE_100 TVC:UKX lets first take a look at the facts. Price is below the daily 200 moving average Price has used a previous support level as resistance A break and close below the next support level will confirm a lower high (which is a sign of a downtrend) These 3 facts do not give us confidence that we are still in an uptrend but it is...

Sublime_Trading

We posted on the EURUSD yesterday and how we require a bounce from support. The GBPUSD is no different and has a very similar structure to it. We have highlighted the breakout bar that offered an initial long entry that we took with little hesitation as our edge had presented itself at the start of the year. Our bullish edge is defined as follows: Monthly...

Sublime_Trading

With ASOS LSE:ASC recently breaking out through the previous all-time high which was around £72 back in 2014 we may have a trading opportunity soon. So far price seems to be struggling to gain some steam and currently appears to have found some comfort around the previous all-time high and is gravitating towards that zone again. When we see a break of an...

Sublime_Trading

Dechra Pharmaceuticals LSE:DPH has been consistently growing since it launched on the UK Stock Market in 2000 where it opened around £1.25 and now currently stands at £25. Although it has consistently risen ever since, the trend does contain deep pullbacks so if you decide to trade this stock then you will have to ride through periods of pullbacks that do last...

Sublime_Trading Updated 

The most profitable environments across all the markets are trends, either bullish or bearish. Since 2016, the trends have been very much in stocks with UK stocks such as Boohoo and Burford Capital and US stocks such as NVIDIA and Boeing handing out excellent profit in this most recent bull run. Forex, in comparison, has been notorioulsy difficult to trade, with...