WCC has been in a good downtrend for a while and that's why it caught my eye a few weeks ago. Price has recently retested half figure 50$ and continues the downtrend. If we see a break and close below previous low, we should expect the downtrend to continue towards next support levels. The first one comes around 30$, which is 2011 low. Plenty of space for the...
ABC has been trending really nicely and now as it's trading above the psychological level of 100, we can wait for a long-term buy signal. Before that happens, ABC gave us an opportunity for a short-term trade following the gap up from Monday. Although we are a medium/long term traders, I sometimes take high-probability short-term trades to raise the morale...
LB made it’s low in 2009 around $10 and has trended well ever since. Price found resistance at 65,35 in December 2013 and pulled back slightly below round number 50. As trend traders, we know that price doesn’t move in a straight line and after each big move we expect a breather followed by either a trend continuation or a trend reversal. It took several months...
LB made it’s low in 2009 around $10 and has trended well ever since. Price found resistance at 65,35 in December 2013 and pulled back slightly below round number 50. It took several months for LB to return to the uptrend but when it finally managed to break the pivot high in October 2014, price moved really fast and currently we are just above 90 with no clear...
We've been tracking this cross for a while now and currently this single trade is adding 27% profit to my account. Thursday closed above 8.0 which confirms our bullish outlook. Price tagged 8.0 earlier this month but failed to close above this level and created a doji, which might have served as a counter-trade signal for many. For us it was just an indecision...
MAR was in a good uptrend for the whole of 2014. Currently it is moving sideways within 75-80 bracket. I have several positions in this trade and will add to it if we manage to close above 80. standing aside for now.
MAR was in a good uptrend for the whole of 2014. Currently this stock is moving sideways within 75-80 bracket. I will add to this trade if we manage to close above 80. Standing aside for now.
I have several positions on USDSEK. IT broke out yesterday from another bullish flag formation with a strong green bar. currently price is testing previous resistance which now should act as support. We expect this trend to continue to 8,00 and hopefully beyond.
CADJPY has been in a uptrend for some time now and I have been adding to this trade since it broke 100. Most recently it pulled back, but the pullback was just a breather, not too deep in its nature. That move allowed price to form a bullish flag that lets me believe the trend will last. I am taking another bite of this cake now.
I am already in this trade and it is providing a good opportunity to add to it as USDSEK is printing new highs. Yesterday it closed above recent pivot high and confirmed a bullish flag. 8.00 is my first target
AUDJPY has been in a good daily uptrend. although it broke the rising trend line, I am still bullish on this cross as long as 100 support holds. If we manage to close above 10283, 10542 will be first target