Intra-sector Energy Trade here Canada Index Trading on a low relative to XLE US Energy Oil and Gas. There is a strong Reversal potential here
Bullish Pennant formed after a steady bull run. I have not identified a clear technical target, however, I love the risk/reward ratio on this trade and I still feel this is an opportunity to pursue. - Target Entry: $36.83 - Target Stop Loss: $36.50 - Target Exit: $39.00 - Risk / Reward Ratio: 6.58 About me - Note that I tend to adjust stop losses in order to...
Either a clean break at time symmerty at the fib level, or a false move up first. Or, the short setup fails and the short-term bullish trend continues
EWC is based mainly on financial sector and banking depends on house debt. Real estate market in Canada didn't suffer as US RE so the potential is reall big. I am looking for an entry.
Enter EWC after breakout above recent highs with stop below recent lows
Bottom of retracement already. Go long to possible break trend.
Price now in 2009 levels but above 28% from the low. Before any relief is seen there is a good chance we will see that lows in this year. Go realtime alerts www.2waytrading.com
EWC is oversold and at key support. Excepting a rebound.
Looking to Break the downtrend, The almighty dollar will hold the answer this week&next