2 scenarios. Will be monitoring the 'Potential Turnaround' point closely if price does go to that area.
Breaking out of the falling wedge, WMT is now supported by 50MA & trend line support. Stop order few cents above yesterday's high and SL order below supports.
Looking to long USDCAD for the short term and into SZ. Stop entry order only. Will subsequently go the opposite direction upon confirmation.
Looking for a short term short trade on CADJPY to the next DZ. Will subsequently consider a long position upon this development.
With the recent sell off in most sectors, HPQ too went lower, giving an opportunity to buy in. Retracing on 50EMA, Bullish Divergence on Stoch and supported by the high in March, I'm expecting HPQ to make new highs. Will wait on confirmation candle today before entry.
MCD breaking out of both patterns, a stop order can be placed few cents above yesterday's high. All indicators are positive for this one and we recently have 50MA crossing above 150MA.
Current premature buying happening. I believe price will go lower still to historical monthly pivot and a short rally thereafter. The recent rise of oil prices is whats bringing the price lower due to supply uncertainty and weather, but I believe they will all be short lived. Will only buy when price drops lower into the zone and into 1.2775 area. Bullish...
With GBP making big moves against most of the other pairs, it seems to struggle with JPY even when the latter has minimal movement all throughout. I'm keeping an eye on this pair and execute a short position if price breaks below the triangle.
With the recent price retracement onto the channel's support, you may either place a buy stop order on yesterday's candle or wait for a bullish pinbar to form in the days to come. So long as your SL orders are placed below the support. For S.S.B. students, you will notice all 3 indicators & earnings are positive.
Waiting for retracement at around $67. There is confluence of - Triangle trendline support, - 50MA, - Key Fibo level - Golden Cross - All 3 key indicators are also bullish Will execute only with Bullish Pinbar on support. Look out for updates..
NZDUSD expected to go higher into the weekly SZ finding resistance at around 0.66850 area. Will await for confirmation of rejection in the area on H4 for reversal trade.
Price expected to go deep into the Weekly SZ with rejection at current monthly pivot. Awaiting confirmation of rejection on D1.
GWB, with a history of retracement on 50SMA has recently bounced off it. Price is expected to play within charted channel. With a bullish divergence on Stoch, a Bullish pinbar today will signal an entry. Place entry stop order 3-5 cents above the Day high and 3-5 cents below the Day low for stop loss. TP near the top of the channel.
GBPCHF nearing major Monthly DZ, there is confluence of historical monthly pivot and key fibo level. With strength of GBP currently weaker than CHF, we can anticipate GBPCHF to go a bit lower before confirmation of reversal. Will update when there's opportunity or invalidated.
Place only Buy Stop orders above the already formed bullish candle and set TP levels anywhere within the green box.
Price expected to go higher at the moment to the next resistance.
Coming into a major Monthly DZ, there's also confluence of Historic Monthly Pivot and Key Fibo Retracement %. Price expected to play out as charted. Execution on H4 if permits.
Place only Buy Stop orders above the first bullish candle on the trend line support.