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There is a trade opportunity based on a Trend Line breakout in the Australian Dollar futures market. The March 2018 contract closed below the lower Trend Line today. The Trend Seeker is up at the moment, though with a weak ranking. The MACD indicator, another trend indicator, appears to be shifting bearish. The Stochastic indicator… Read more.
I like the idea of playing the bounce here but with a close stop (right under todays low). It either bounces here and runs higher or we will exit with a small loss right away….LETS GO!
Something about the the Aussie I like this morning!
Have a look at the chart below and TRADE IT WHEN YOU SEE IT!!! …Let’s Go!
Time to BUY here? I think so! Take 3 minutes and find out if you see what I see…
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.
Here are a few markets with set-ups taking place that will have my attention through the balance of this week and into next.
The uneven pattern of US scheduled economic data continues, with a jump in initial jobless claims seen on the same day as ongoing jobless claims fell to their lowest level since November of 2000.
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.