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Butterfly Pattern Showing Medium-Term Long on USDJPY S&R level and Fib retracement levels come together to support the idea of a Butterfly pattern forming on the 4hr chart. You can either wait till it hits either of the targets to sell the regression or you can ride the wave up after it breaks the 113.928 price which appears to be quite important here. Setup 1: Entry: Long at 113.969 TP: 115.404 or 116.168 SL: 113.558 This is just a suggestion to the predictably unpredictable market so always take caution when trading.
Long
by Cohiba93
Verizon Ascending Triangle EntryVerizon (VZ) is showing strong bullish signals and an ascending triangle pattern. It is currently at a great entry point. This is a good 10-20 day trade (somewhere between a swing a medium term play). Strategy: - Enter LONG immediately. Set price target just below previous peak at $54.50. Set stop loss below support line at $48 (can be adjusted based on time value). Other notes: - Keep an eye on this stock. It's an ascending triangle! If price action breaks through the resistance line (~$56.50) and remains there for a second consecutive day, re-enter the position long with another price target of $61, but immediately exit the position upon seeing "choppiness" in the candlesticks. That is, when the candlesticks start to show long sticks to the upside.
NYSE:VZLong
by mologna
Long term uptrend line [TREND ANALYSIS]Traced green line stand for main trend continuation on the 4 hrs. Some little corrections could happen as already did. The purple line is the 1 day timeframe uptrend support line (1D chart is not shown in this picture) If the trend keeps going over this line in the 4hr the uptrend is confirmed and strong. If any under the line correction happens set your SL and think well your strategy. If a downward trend will start it has to confirm at least 3 4hr candles under the line and give more signals of fundamentals and momentum bear switch. If it doesn't happen it can be just a shakeout for weak hands before attempting a serious ride over 1k $. $BTC Stay safe.
BITFINEX:BTCUSDLong
by KernelPanik23
AAPL (Apple) - Short position - Daily - 2 TargetsHi to everyone. From my point of view a possible change of trend of Aplee in the next few days, a strong resistance zone highlighted with a rectangle, which may retry the price, if the price is rejected two Objectives that the price will seek once broken the trend line up. I think if the price break the trend line the two targets are affordable for the price with a high probability in favor. Good trade, and recalls that in the market anything can happen.
NASDAQ:AAPLShort
by miqpa
USD/JPY DAILY ANALYSIS (MEDIUM TERM OUTLOOK)Looks like we are going to close the day breaking through some key resistance levels. A 100% Expansion of Aug lows to Sep highs back to Sep lows and the top of a rising channel. This is also after a breakout in Oct of a descending trend line that's been resistance for all of 2016. Also we are above the 100 DMA and RSI just closed above 60 showing bullish momentum for the first time in 2016. Over all bias is bullish and can see resistance at 106 and 107 but we do have room to run to the 200 DMA which sits just above 107 that will be a key level of resistance.
Long
by stephenleachman
EUR/USD DAILY ANALYSIS (BEARISH STRUCTURE - BULLISH MOMENTUM)I haven't traded the Euro - Dollar much this year, mainly because it doesn't have a longer term trend to it. We are still in a consolidation from the descent from 2014 to the middle of last year 2015. So far this year price hasnt broke the desember lows 1.05168 which would give more conviction on its longer term down trend continuation. 2016 Open and set a range in january which broke to the upside in the beginning in february. Price then retraced back to the Open at the end of march and in the beginning of april price made another run to the upside. This is the 2016 Bullish opening range break. Then on May 3erd price pierced through the October Highs made its way to 1.1616 before reversing and closing below the October high @1.1495. Since then we've been In a downward trend and now we just bounced off the 2016 opening range high. From our current price @1.0775 The EUR/USD is only up 0.15 Percent on the year. If the Euro wants to stay positive for the year against the dollar its going to have to hold the brexit spike low @1.09115 this is also a 100% Fib extension from the 2016 high to May's low back up to the high in June. My longer term bearish invalidation level is set @1.1188 this is also a 50% retracement of the High to low of 6/20 brexit We also have some trend line resistance a little passed that level to get through before I get to bullish in the long term. Note: Still in a consolidation of the descent of 2014 - 2015 (Long term bearish trend) 2016 has been trading in between the highs of Oct 2015 @1.1495 and the lows of Dec 2015 @1.05168. Broke trend line support going back to Dec 2015 and tagged it as resistance earlier this month Jul. Brexit spike low @1.0911 also 100% Fib extension from high of 2016 to the low in may to the high in June. July been in a descending channel consolidation of the brexit. Price retraced 50% of the brexit day which is now my long term bearish invalidation level @1.1188 Price is just above the 2016 open. the Euro is only 0.15% higher against the Dollar. Daily RSI has been bullish for 2016 (Above 60 and above 40) brexit close RSI held 40 and the 22end held 40 putting in divergence (Still bullish momentum) Watching daily RSI to break trend line and 50 confirming bullish momentum. The daily ichimoku is bearish with the KS @1.11692 just below my bearish invalidation level. Price close and is now trading above Tenkan - Sen. Daily ichimoku chart:
Short
by stephenleachman
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