If you disagree, post your comment. If you agree & make money from it and want some really good actionable trades that I don't post publicly, contact me. They won't be free, but money well spent!... Just check my posted charts thus far, all made money.
OILs descent into the 30 handle is inevitable. Not guaranteed though, nothing is guaranteed accept death and taxes. Rest assured though, oil will see the 30's
Head fake USD drop, may fool some but not me. OIL decides the dollars strength.
From 1 fibonacci to another fibonacci! It's a fibonacci PARTY!!! On a serious note: OIL is in a structural decline. OILs impact on the USD is much more than the interest rate guessing game. As OIL continues it's decline into the abyss, then trades higher.
Fib .382 meet USDCAD.... USDCAD meet fib .382, I leave you two alone now so that you both can get acquainted.
Usually when you start reading things like "can't miss trade"... "sure thing"... "lots of upside", it's then, when you know something is about to get ugly. I present to you a classic Head and Shoulders (and then some!!) on the daily. Good luck to all longs.
Nothing goes down forever. Nothing goes up forever. There are rules to this game. 136.59 TP
NZDUSD Is a long term short. This is part of the bounces that occur within the down trend. Short term bounce.
I have an EOY target of 1.35. Nothing goes straight up. I'm watching to enter my short as I did previously at 1.31. If any weakness from here, I'll short to 1.25050. If not I'll be glad to go long to 1.35!
I was stopped out yesterday on that run up. However, re-entered positions today. That topping candle tells me all I need to know.
Always remember, no matter how good a trade looks, there's never any guarantees. Trade prudently! That being said, as you can see this stocks movements adheres to fib lines nicely. Also there's a head and shoulders in there positioned perfectly to coincide. If you trade this, check back in with a comment, good bad or indifferent.
If today's (Jul14) candle closes below the trend line. Re-pricing may be in process. Close trade, if you haven't already been stopped out.
Sorry, should have posted this previously as this one is already in progress. shorted at .76009, and scaling out profits at different fib levels, protected by a trailing stop. stocktwits.com
Be on the correct side of this trade...
I initially has a target of .7737, however it's losing momentum. If it falls below the violet TL then it's a validation of a RISING WEDGE. Get out of long position and short to .69