USDCAD small SHORT term Resistance rejectionUSDCAD small SHORT term Resistance rejection.
simple trade place your stop loss in front of the resist.
Small
NZDDUSD - a quick small shark short setup.Information on chart.
SL = X
TP1 = 38.2% of CD
TP2 = 61.8% of CD
IWM Short term overboughtselling weekly calls here since this is overdone. I am bullish on IWM long term.
EURJPY Bat ShortHey all,
Woke up this morning and noticed a smaller Bat pattern forming on the 4H chart. Although we haven't broke and closed above the B point yet, we have pushed higher - will be waiting for the candle close. Still have my orders placed on this as we could spike up and get filled.
Looking at a nice Risk Reward and a relatively small stop loss for the 4H chart. Will be looking to get filled today and a move to the downside. Conventional Fibonacci targets in place.
Fibsii Team.
MOBL Long for potential breakoutI'm still a noobie, so any input would be well received. I'm long MOBL late on the upswing during today's power hour. Entry is 3.61, 500 shares but looking for a clear breakout above 3.62 to 3.65 even though the HOD today was 3.75. Will sell into pre market or potentially hold into market open. Guidance on this ticker was elevated for an October 27th earnings report.
Possible short in a few days or a few days after positive earnings depending on the chart at the end of the month.
USDCAD - Ranged with consolidationI don't recommend attempting to trade USDCAD as it is currently consolidating the strong move downward. For now downward progress has been halted but we are not seeing any strong confidence in the USD. Overall tone for this pair is bearish with weekly bullish. Perhaps good for intra day scalping but don't expect any reasonably strong moves in either direction.
Gold after a small callback, continue to impact 1380-1400Face critical pressure position,
There should be a 20-30 US dollar callback,
It is estimated that gold will fall in Asia on Monday
1380 is a good point to sell
Each RSI more than 70, will face a certain degree of callback
Break of mini rank of M5 - Short trade with ratio 2/1
Price shows a mini rank of M5 timeframe. It breaks the rank offering a short opportunitie
USDJPY Please test on the Demo Account .
After you can make decision to follow me or not.............
Trade responsibly .
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Upside potential for Rusell 2000 Index from Past PerformanceRecovery in U.S. show up slower than expecting, seeing from Jobless Claim report increased to 276,000 against analysis forecast median of 263,250 jobs which is a greater numbers than Feb 2016 report. However the incremental is still below 300,000 which is an acceptable rate. Counting from Jackson Hole Fed's meeting last week statement was given clear of timeline of interest rate increase in year 2017 which will be monitored every quarter and rate holding in Apr to June 2016 sending U.S. dollar index down towards end of statement. This resulting of sending stock market upwards DJIA approaching last height where it went before collapsing last round of trading. NASDAQ index has been booming upwards slope as well leaving where Biotech index laggard.
The Russell 2000 Index follows the trend if you look at the graph presenting from year 2000 to year 2016 highest record, at the moment of trading today vs last height giving 16.38% upside for trading area but why Russell 2000 index would recovery better than DJIA or those big caps. It is because the small caps index has more volatility and potential of company growth better than big caps. The company are new to the market seeing high potential of expanding market share and it normally not reacting plunged from market sentiment.
IWM 3/31/2016Go long when it's climbing from a lower line to a higher line above, and go short when it's falling from a higher line to a lower line below.
IWM could not renew 13-year uptrend and broke below 7-year trendSmall Caps (IWM) - It seems IWM is having a hard time making it back above the black line (13-year trendline) this week and closed right below the purple line (since-2009 trendline) today. Note that in early January IWM broke below the purple line for the first time and dropped a lot.
Short Squeeze? Small Biotech- ACRXAfter getting hammered in July from the FDA delaying approval on its' latest drug for pain relief, Bears have been piling on making an incredible 20% of the float short. Recent buy ratings from analysts could be the catalyst to get a short squeeze going to begin filling the gap left from the huge 40%+ drop in July. If momentum can carry the stock past 8, then 9 is a real possibility in a short amount of time. Two analysts have a hold rating while seven analysts have a buy rating including Jefferies Group that has a price target of $16.
Cash Rich Tech Small Cap- IQNT Ready to ExplodeIQNT has been on a tear all year long. Respecting its' trendline, IQNT has gained 550% since April of 2013, and with a p/e ratio under 10, it is STILL undervalued. This cash rich company has no debt, and its' growth potential is strong. The stock has recently made its' highest close in over 2.5 years. With the technical signals triggering buying oppurtunites, its' low float of 31.2 Million shares can send this stock flying. Short term price target is 18.50, and with earnings in July, this company can prove to be a 1 billion market cap stock.
