Look for break down or a bounce here. For break below, 1.351 should offer some support
Watch for break of resistance point of 2.6, look for daily close above. Tomorrow opening above 2.6 would be good for some upside moves provided it closes green. Alternatively a downward move is also possible, all depends on tomorrow opening. a retest of lows of 2.3 or trendline is possible. 19 May is earnings date, could be a catalyst for a rebound should it...
Shorted some sugar, based one previous resistance and top of rising wedge, will keep SL tight. Look for retest of lows as indicated * Prices shown in this chart is based on OANDA, price might differ from the product traded and brokers. However the underlying principles are the same
Watch for breakdown on Silver - 1H close below trendline Expectations : 1. Looking for similar action to the one posted here: 2. Whereby - weakness on this current bounce and a pullback or a small ranging action (on lower time frame) around 22.75 -22.85 zone or below Price targets : 22.15/20 - previous low on the 1H candle 16:00 UTC on 22/1 22.00 - next...
Looks like NG1! is poised for another move. To be honest, it can break either ways, but ill look for a sell here
Triangle formation on short time frame, look for short entry Key Levels : 81.2 - 81.8 - we might see significant support in this zone Observations : 1 - Trendline support is drawn based on more short term basis and I think is more validated than most I've seen posted here as there has been numerous bounce from it as indicated in the chart 2 - Current formation...
Short on break - 1H close below trendline Price Targets 3.980 - previous gap fill zone 3.536 - to reach this point is very optimistic lol Alternatively, we can look for a bounce from trendline, same as what was posted in the IDEAS section Prices and trendline drawn based on Natural Gas Continuous Futures listed on NYMEX, prices may differ from your broker
Potential bounce on AUDUSD, we are in a short multi-week trend. Key levels are as follows : 0.7195 - was a support/resistance zone, important here is to break above for continuation upwards 0.7130 - potential bounce point for the start of consolidation zone if prices does break below trend 0.7228 - first potential reversal point for long position 0.7310 - price...
Waiting to when price touches upper end of a potential parallel channel
Keep a look out for potential Short entry on GBPNZD, looking for a break below this short multi-week trend Key levels are as follows : *2.0119 - 2.0152 - resistance zone *1.9943 - previous higher lows, potential bouncing point for start of consolidation below trend or a reversal point back into trend Observations for Bearish sentiment : 1 - Oscillators showing...
Potential bounce from here. I don't think it'll re-test top of trend again, so i'll look for reversal midway. Target open for now
Watch for break of bear flag for continuation of downside move. Possible intraday rebound for a better sell entry. Short target 0.155