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Trendtrader

Fairfx is on the RiseFairfx Group Recently broke its previous all-time high which was at £0.88. After a major area is broken we can expect price to retest that level before advancing which has happened with this stock. The retest of the support/resistance area gave price some strength to the upside but then found it difficult to break through the psychological round number £1.00. This is not to say that price can not break through £1.00 but right now the buyers appear exhausted. There may be another attempt at breaking through this level so we just need to wait patiently in case this happens. The Monthly, Weekly and Daily timeframes all suggest bullish behaviour so just waiting for the right time to enter is important. We do not want to enter too early, so once price clears the £1.00 round number there will be opportunities to trade this stock. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading Please add a comment... Positive feedback and constructive criticism are important to authors and the community.
FLong
by Sublime_Trading
Fever Tree at SupportFever Tree Drinks is still in an overall uptrend on the monthly and weekly timeframes. On the daily chart price is above both the 50 and 200 simple moving averages. As we know the 50 sma is normally used as support in an uptrend and that seems to be the case with this stock. At the moment price is reacting to the 50 sma and has bounced off that area. If the buyers can keep up momentum then we may see some further strength to the upside. The next thing we need to look for is a break above the previous resistance level. Waiting for breakouts is ideal in most situations because it confirms movement in the direction of the breakout. If we do have a breakout in price then we can look to open positions in this stock but as for now it is best to stand aside and wait for price to make the first move. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
LSE:FEVRLong
by Sublime_Trading
3I Infrastructure Approaching Resistance3IN was in a period of consolidation that began in July 2016. After price broke out of that consolidation zone it used the resistance as support and now looks set to tackle the next area of resistance. The resistance level we need price to break is at £2.15 and if it does get through then we may see a trend form like the trend we saw from 2014 to 2016. Price is above the 50 and 200 simple moving averages on the daily and weekly timeframes. Right now the structure of price does not look appealing to trade as price has been moving sideways but a break of the resistance could change that. We need to stand aside until we have a clear direction as price could easily return back to the consolidation zone, so we need to see higher highs and higher lows to confirm we are in an uptrend. Remember to take the easy path when it comes to trading and easy profits will follow. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
LSE:3INLong
by Sublime_Trading
Can Coca Cola's Fizz see it Breakout!?Coca Cola is a household name and a company many investors may be interested in trading and it is potentially on the verge of breaking out. On the weekly chart we can see that price has bounced off the 50 simple moving average where it found support. The sellers were unable to gain control and the buyers forced price to head even higher. The 200 simple moving average on the daily chart (not shown) was also used as a support area. Price trended well from 2016 to 2017 so if a breakout does occur then we may see a nice trend follow as it did in the past. The consolidation area which price is currently held within has lasted for over 5 months so we shouldn't be too quick to enter a trade if we do see a breakout. Let price confirm that it wants to stay out of the consolidation area and then look for trading opportunities. As last week was bullish it will be interesting to see how the coming week will perform. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
LSE:CCHLong
by Sublime_Trading
2
UK FTSE 100 Seeing Some Strength TodayThe FTSE 100 has been bearish for a few months. Price at the moment is below the 50 and 200 simple moving averages. Price did not look like slowing down but today it has bounced off a strong support level at £68.75 from May 2013. Since we are below both moving averages, this bounce does not mean much just yet. For price to become bullish again then we need a break of the 200 moving average. It will be interesting to see whether price will close the day bullish in a few hours, if so then it may be a sign that we will at least have near term strength in this Indice. Any comments or questions, do not hesitate to leave them below. Sublime Trading
TVC:UKXLong
by Sublime_Trading
Burford Capital Update on the support levelBurford Capital is still hovering around the support level which I mentioned in this previous post. It is normal for price to retest the consolidation zone but it is unclear for now whether price will return back to consolidation or bounce off that zone before moving higher. The time in which this may happen is not certain right now but what is certain is that we must stand aside. Remember we are still waiting for the breakout of the 19th March high at £15.38. Until that happens we need to look for opportunities elsewhere. Any comments or questions, do not hesitate to leave them below. Sublime Trading
LSE:BURLong
by Sublime_Trading
The UK Indice at a Deciding PointThe UK FTSE 100 appears to be bearish but on closer inspection of the weekly chart, it shows us that the bigger trend is still bullish. Price is at a strong support area which could hold strong and send price back on its way up. We can not predict the next move but we can be ready for the possible outcomes and take advantage of it. If price starts to head back up then we can start to buy UK stocks. If price breaks the support zone then we can start to look for shorting opportunities in UK stocks. Either way we will be able to make profit in the market but we just need to be patient and wait to see which direction price moves next. Any comments or questions, do not hesitate to leave them below. Sublime Trading
TVC:UKXLong
by Sublime_Trading
Burford Capital bouncing off supportBurford Capital is retesting support which is the top of the previous consolidation zone. As price was in consolidation for such a long time it would be wise to only take a trade once we have a breakout. Overall the Monthly, Weekly and Daily timeframes are bullish so there is no need to force an early entry, we just need to sit back and be patient and the opportunity to enter will arrive soon. There are times to enter pullback trades but not so soon after a period of consolidation. The reason for this is because price can easily decide to return back into the consolidation zone. We should know soon enough if the support level can hold. Any comments or questions, do not hesitate to leave them below. Sublime Trading
LSE:BURLong
by Sublime_Trading
GBPCAD on the Watchlist for Long TradesThe GBPCAD is starting to look interesting but needs to clear a key resistance cluster if we are to place long trades. As explained in previous posts such on the EURUSD, we look for a certain criteria to be met across the monthly, weekly and daily timeframes that defines our edge before placing trades. Having and being able to define your edge is essential to good trading. As the saying goes, if you can not define your edge, you do not have one. And if you do not have an edge, you will get eaten by someone who does. So if you are in a situation where you are constantly faced with losses, then ask yourself if you can define your edge? If you are struggling, then that is where you need to start. In regards to the GBPCAD, our edge is only partially met for now on the three timeframes. Monthly - Price is trading above the high of 2017 but faced with immediate resistance at the round number 1.8000. Weekly - Price is trading above the 50SMA but is faced with immediate resistance at the 200SMA. Daily - Price is above the 50SMA and the 200SMA. The cluster of the weekly 200SMA and the round number 1.8000 is the resistance zone that we would like to see cleared first, ideally in the shape of a bull flag, after which we will look to start placing trades. The current trend in play since bouncing off the daily 200SMA and weekly 50SMA support zone at the start of the year is looking neat and linear is covering ground at a good rate. We would like to see this trend structure continue to the 2015 high at 2.1000 and ideally beyond. This will then offer ample opportunities to compound strategically as the trend develops. This currency pairing has potential but we must apply patience for now and allow for the above mentioned resistance levels to be confirmed as support but we start allocating our money to any trades. Any comments or questions, do not hesitate to leave them below. Sublime Trading
Long
by Sublime_Trading
EURUSD: Potential Longs before the Advanced Pattern Here's a look at one of the trades that we're going to look at in tonight's Syndicate video (just emailed out!) on the EURUSD and a great example of putting our I.P.D.E. thought process to work. Price has just broken above previous structure resistance, giving us the indication that we're likely to see a continuation higher. The buying opportunity would come on a retest of that broken resistance which may now act as support for the new trend. Also for anybody looking to see what the "Reality of Trading" really brings. I've just uploaded a very emotional video to my youtube channel. If you're a newer trader this is a MUST WATCH! goo.gl Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl Instagram: goo.gl Periscope: goo.gl
Long
by Akil_Stokes
8
EURGBP: Return To Structure Syndicate members there will be a video uploaded breaking down this trade shortly (I have to re-produce it), But what I'm looking for on the EURGBP is a Bullish trend continuation trade opportunity. The Red & Green boxes represent levels of structure in the market with Red being resistance & Green being Support. As you can see originally resistance held, but once beaten down was turned to support which was also retested and held before rallying higher. If price action were to return to this level it would offer us a potential trend continuation trade as this market has a lot of upside potential. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
20
Signs of Bullish sentiment for Crude Oil ahead of Doha meetingIn our last post here, we noted that Crude Oil has entered a bullish sentiment zone and that we are on the lookout for bullish signals to go long on this commodity. While there is no strong signal of a bullish market on 1h and 4h chart yet, we note that the first signs of a bullish continuation is occurring on the daily chart.  Although not a very decent bullish candle, there is some sort of support for Oil at 42.00 but this could be due partially to a Friday close, and closing of positions ahead of the meeting in Doha this Sunday. Nevertheless, we still remain bullish on this pair, but waiting for further confirmation next week before we commit to this trade.  Visit our main page at www.fxgenesisfm.com for more analysis and articles, or if you wish to connect with fellow trend traders. :)
FX:UKOILLong
by FxGenesis