The price has been trading in a descending channel where it has now encountered the top of the channel whilst also forming a divergence. therefore it is likely that the price will continue downward.
The pair seems to be forming a rising wedge which could lead to a very good short opportunity. When the price meets the weekly highs around 0.81000 the downward move has great potential. This trade will take a little longer than most trades i am in but the potential profit is worth it.
The USDJPY has been rising in a channel for some time respecting the boundaries of the channel fairly well. The price is now encountering weekly resistance levels which leads to a short opportunity with a fairly tight stop-loss resulting in a good r/r ratio. If you please you can make a second or even a third profit target further down on lower support levels. I...
Looking at this chart it seems the price wants to bounce in between the support and resistance levels of the lower timeframe, the upcoming support line in combination with the RSI indicator almost crossing the oversold line (it likely will have passed it once at the entry level) a long position can be taken at the lower level support line. In order to give the...
Descending trendline is touched and topped with a candle that shows upside momentum slowed down. An opportuity to go short presents itself here. I personnally will wait for a retest of the resistane to get in order to improve my risk reward although entry at this point should also be fine.
EURONEXT:AALB Enter the trade when the price reaches the rising support. This will most likely be around 34 euro's Target price is between 37,50 and 38 due to strong resistance there.
Based on previous support and resistance zones, in combination with the fibonacci retracements I believe the market will re-enter the support box which would be the entry point to buy, after which I think the market will retrace back to a prior resistance at approximatly 22,45. I trade options myself so for people out there who agree with the prediction I would...
