This idea is a follow-on from the previous, pre-earnings options strategy We assume a long position at $122 (for those who got exercised on the put sale) This is -3.3% away from the 118 support (channel bottom and MA200) and -1% away from the last close Play the up-channel rebound with a target at 133.50 (previous high) and a stop loss at 117.00
We are planning to open Long position from the bottom of the rising sideline in Ger30 until the top of the rising sideline. Open: 10561 Stop: 10480 Target: 10962,8
10 month Ascending channel and a possible head and shoulders . Both = bearish implications
This pair has broken out of an ascending channel. Grey box is the key level where price will probably retest the broken structure. Confirm rejection to short Always apply money manaagement
Hi Traders, Doing my pre-week analysis and came across and interesting trend continuation setup on Kiwi. After moving within an ascending channel for the past two weeks, this pair has broken to the downside and printed new monthly lows. Trend continuation traders may find an opportunity to short this pair on a retest of the breakout. I have marked the sell zone...
Gold has found channel support above 1300 in early Asian trade and looks set to continue higher over the coming sessions. Bulls will be looking to propel the precious metal towards the September highs/major trend-line resistance around 1350. A breach of channel support/Friday's lows would invalidate.
AUDUSD sold off aggressively again Tuesday, ignoring a hammer reversal candle from Monday. Pair breached the ascending neckline, confirming a head and shoulders topping pattern. Rising channel support lies just ahead ... but bears will be selling into any bounces into the former zone 7480 - 7435, looking to breach channel support above 7420. Even if bulls manage...
Gold is consolidating below major trend-line resistance, stemming from the all time highs back in 2011. The yellow metal is well supported above a rising channel from December 2015. This gives us a terminal wedge pattern, which must eventually break, but is still relatively wide. We are waiting for a daily close above zone/trend-line resistance confluence at 1350,...
AUDGBP rebound in H4 channel and try to go upp towards 0.579
GBP/USD Pending call option EOD
Long setup of the re-test of the channel line Low risk trade with stops right below previous structure at 103.90 area
I think NZDUSD is likely to selloff in the coming days. The price hit previous major highs and resistance area but failed to sustain and was rejected noticeably. We hit the upper side of the rising channel, meanwhile, RSI is showing a negative divergence. I placed a sell limit order around 40 pips away, for a better risk reward. The retails sales numbers are...
Good day. Bat Pattern found on the 4h also in consolidation on Daily that has the C-D Leg moved past the B-Leg to take pattern seriously. An upward trend channel is also found on the 4h as well a bullish flag pattern in 1h timeframe, that is all the more confirmation to hop on the trend and reverse position Bearish Bat @ 0.85457. Please enter & adjust Stops and...
Being ranging for couple of weeks and squeezed in the triangle the price has finally showed us where it wants to go. We've had a massive break above the triangle and now retracing/retesting the level as resistance. So many confluences on the higher time frames showing the bullish bias and it's a perfect opportunity to be with the trend! So according to the rules...
Also as additional technicals to support the short NZD$ view: 1. On the daily and NU currently Trades close/ at to its +2 standard deviation lines, these are highly resistive. - Assuming NU trades mean reverting +2SD means there is a 95% chance of a price reversal/ 95% of all prices should be below the +2SD channel lines (e.g. NU highly likely lower from...