If the day closes as above yesterday's open price, that will create a engulfing bullish pattern , corresponding with the lower side of the triangle. This trade will yield a good profit over 250 pips and a stop loss at 0.9718 price. Let's hope we achieve this target . Happy trading !
In this chart we can clearly see the continuation of the uptrend of USDTRY . The triangle that has been created in the last days has turned into a flag pattern. Expecting a breakout in this chart, we think that a trade with a low risk and high return can be performed.
In case of a breakout a long position can be considered with a Take Profit at 4.7800 - 4.9100...
EUR/CHF Long Positon 4h Chart. Resistance Level at 1.166 has to be broken first before considering a Long Position (4h Candle should close over 1.166). First Target Profit 1.17; Second Target Profit 1.1745; Third Target Profit 1.17681
GOLD Weekly Long Position. Using RSI we can see a hidden divergence (Chart - slightly higher low; indicator - lower low).
Take Profit around 1360 and Stop Loss under 1236.
Risk-Reward Ratio around 3.
NOTE: Consider a Stop Loss or a close of the position in case that the support break is followed with a full candle closed below the support price of 1236.
NZD/USD Short Positon Daily. Support Level at 0.685 has to be broken first before considering a Short Position (Daily Candle should close under 0.685).
First Target Profit: 0.678 - 0.679; Second Target Profit 0.628 (if the Support Level at 0.678 breaks)
Retesting the main support of Bitcoin BITFINEX:BTCUSD . The chart at this moment finds its self in the bottom of a triangle and the opportunity of a low risk, high return is possible. Therefore a 1:3 risk/reward is a healthy trade that can payoff if Bitcoin starts to search new highs. Support level at this moment is considered the 6430.0 price and the first ...
EOS/USD Long Position Daily. Strong Support aroung 9 - 10 (Fibonacci 61.8% retrace, Moving Average Simple 200)
We can see a divergence (Chart - lower low; indicator - slightly higher low)
Take Profit around 15 - 15.5 and Stop Loss under 9
Risk-Reward Ratio around 4.
Bitcoin Cash Long Position. Using MACD we can see a divergence (Chart - lower low; indicator - higher low).
Take Profit around 1800 and Stop Loss under 500
After the dovish speech from Mario Draghi on thursday, EURUSD fell near the strong support level of 1.15. Expecting a potential Head&Shoulders pattern, we think that a trade with a low risk and high return can be made.
We condiser a Take Profit at 1.21 - 1.216 range and Stop Loss should be close to the support level to minimize the risk.
NOTE: Consider a Stop...
Even though the Federal Reserve rose the interest rate on the dollar yesterday , Gold has not been affected a lot.
Here we can see on the weekly chart that the market is still inside the triangle . In this market we can perform a long trade that
has a moderate profit target. Target zone is achieved at the moment that the market will go at its previous...
