Uptrend has started and if it doesn't break the trendline, we should see $4 move right into major resistance.
KHC trade turned out to be not so exciting.
Putting out a swing trade idea and showing you my secret tool. Doing technical analysis is a tedious work but it can be made simpler when you have the right tools. Giving you guys the glimpse intro of the scanner I use. (Click HD to view in better quality)
Fibs and support working together providing high reward low risk setups.
Making new lows and violating support area. No indication of any short term bounce to upside.
Before taking a trade, always determine the risk/reward ratio and ask yourself if is it even worth taking a trade is risk is higher than reward.
Let the alerts do the work for you while you are spending some quality time with your family.
Don't get too excited for oil to jump. Price still trading in the price channel. Need more confirmation. I do like that volume is picking up so definitely lot of volatility. Remember, there are always day trades in both directions. They could be played based on where price opens and picks its daily direction.
Color guided road map taking out the confusion and providing a clear direction and how price can act if key areas tested.
Analysis of the champions and for the champions!! 4 Trade setups in EUR/USD
This is a risky long trading with attempt to try to pick the bottom, however it offers very low risk with high reward outcome.
A video will be posted in my Free Facebook group discussing my take on it on current picture of the market. www.facebook.com
Its ok if you are scratching your head because charts like these are suppose to make you think the one that is doing the technical analysis knows their sh**. You really don't need all that what's on the chart but people like to see stuff being twisted around so that they can get impressed. Enjoy.
Looking at bearish pattern in downtrend. It just did a throwback as expected to downside. Target around 11.24-11.68 range. Keep an eye on earnings. Setup is giving minimal risk and high reward setup as of now. Watch more action on my FB wall at facebook.com
Possible scenarios to keep an eye on.