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Pullback

EURUSD continues to rise In the beginning of the week, we talked about price reaching its current levels of 0,9950 and then sell. However, yesterday we had an impulse move up and right now we won't be looking for short positions yet. After such a move, we are actually expecting a continuation higher. Tomorrow we have ECB Interest Rates which is expected to cause more big moves. In case of a continuation higher, we are looking at 1,0090 next! This will be the next level where we will look to sell!
by ForexTrendline
3
$BAH is breaking out of a ~21 month long base! Can it go higher?Notes: * Strong up trend on the higher time frames * Great earnings track record * Broke out of a ~21 month long base * Higher than average weekly volume and coming off from its 10 week line * Also breaking out of a smaller consolidation of ~12 weeks * Gaped up a couple of days ago and is now coiling * Broke historical resistance around the $97 area Technicals: Sector: Industrials - Consulting Services Relative Strength vs. Sector: 3.15 Relative Strength vs. SP500: 2.07 U/D Ratio: 1.37 Base Depth: 7.78% Distance from breakout buy point: 0.23% Volume 55.27% above its 15 day avg. Trade Idea: * Now's a great time to buy since the price is just breaking out and is close to the break point * If you're looking for a better entry you may look for one around the ~97.85 area as that should hold as support
NYSE:BAHLong
by HaseebKhan_90
💢SELL NZDJPY at the best place and price💰🔰You can see the analysis of the New Zealand dollar to Japanese yen currency pair in a 30-minute time frame (NZDJPY_ 30min) 🔍⚡ 💥Considering that the price has broken the Up trend line🖤 and pulled back💜 to it twice❗ If the price can reach the SUPPLY zone, it can experience a fall from this zone to the DEMAND zone🚀🔺 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 ________📈TRADER STREET📉_______
Short
by TRADER_STREET
ENPH: Pull Back + Bounce + Active Level RetestBig Picture: Earnings coming up 10/25/22. Had good Earnings last time. Coming back into aggressive buying from July and last earrings period. (Will the buyers want to fight for the price a little bit now before earnings?) -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Setups: 07/20/22 - 07/27/22: ENPH broke out out from a volume accumulation + Aggressive Buying 08/02/22 - 09/06/22 Volume Accumulation 09/15/22 - 09/21/22 Volume Accumulation 09/22/22 Aggressive Selling 09/26/22 - 10/04/22 Volume Accumulation 10/05/22 - 10/07/22: Aggressive Selling -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Intraday Technical: ATR: 16.13 ATR (200Day): 14.42 DTR: 16.95 %: 105.00% RVOL: 0.82 Rel Vol (Finviz): 0.75 RSI (14 Day): 30.64 RSI (200 Day): 52.51 Volume: 2,884,739 AvgV: 3.83M Ch% (FINVIZ): -4.35% FS%: 3.31% Shs Outstanding: 135.20M Shs Float: 132.68M Inst Own: 75.10% 2 Day VWAP: 244.6 Weekly VWAP: 250.33 Monthly VWAP: 263.01 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 10/13/22 Open: 248.73 HOD: 254.21 LOD: 237.26 Close: 244.59 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Key Areas of Support: 216.82 230.14 245.49 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Key areas of Resistance: 257.08 283.43 295.02 315.29 Inflection Point: 245.35 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Trade Plan: Look for a pull back to 237.64 If pulls back to 237.64 and see absorption then start long. If blow through VWAP then Cover and look to add back in a pull back. If add in pull back this is a new trade and make sure to cover this new add at the next neck line. If hits PT 2 then look for a pull back with absorption and add. Then sell this Add right into the above neckline. Take original trade to PT 3 and sell Risk/Reward: 20% of ATR $2.88 Entry: $237.64 Stop $234.76 Exit: $249.18 PT 1: $240.52 PT 2: $243.41 PT 3: $246.29 PT: 4 $249.18
NASDAQ:ENPHLong
by ChipHazard
Natural Gas: The supply-demand dynamic is at a critical stageDeutsche Bank reported that in a particularly critical phase is the supply-demand dynamics regarding natural gas towards the winter season, which the behavior of households will be decisive in the coming months, as their consumption represents a large percentage of total consumption. A supply failure is likely to be avoided at least as the scenarios confirm that a 20% YoY reduction in consumption this winter (and flat annual demand thereafter) is likely to lead to some shortages either early in 2023 or the winter of 2023/24. The reduction in Germany remains at 40%, while if demand falls by only 10% YoY stocks will not be exhausted even in such a scenario. For certain, fill levels would fall below 10% in late winter 2022/23, but this would not put energy security in doubt until 2024. The European Commission is working on proposals to limit prices. While negotiating with reliable suppliers, for instance, Norway, and strengthening common markets seem to be the Commission’s preferred options, the idea of ​​a (temporary) price cap on imported natural gas is gaining ground. The greater the potential for the implementation of a cap the lower the success of the implementation of the first two measures. Such an implementation could lead to increase supply risks, depending on the design of such an import price cap which would accompany the mandatory demand reduction. From an Elliot wave perspective, we will examine the Natural Gas chart to see its potential move in the short to mid-term. Looking at the weekly chart, natural gas made an impulsive five-wave rally from the lows, which suggests that low is in place and we can expect a bigger recovery. However, in Elliott waves, after every five-wave rise we can expect a slow down in three waves, so we are tracking now an (A)-(B)-(C) correction before the uptrend resumes. First support is around 5.3 level, while second support would be around 3.5 level. All the best! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NYMEX:NG1!
by ew-forecast
1
USDCAD Is Looking Higher Within A Five-Wave ImpulseUSDCAD is breaking higher, now making some extended upward move which is acting like an impulse because of an extended and sharp move up from 1.3. As such, we think this can be impulse wave 3 where pair can slow down for a corrective pullback into wave four. Ideally that upcoming wave four will then stop and stabilize at the upper line of a base channel. Trade well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast