Pullbacks in trends

Hello traders, Pullbacks within trends are to be expected and often nothing more than profit taking points. Many short term traders will look to trade the pullbacks that are against the trend. Trend traders look at these as opportunities to add further positions in the direction of the trend. This week we take a look […]

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50 simple moving average

Testing 50 moving average

We exited the EURAUD with good profits earlier this week and as displayed in the previous technical analysis, price is now testing that resistance zone. We will wait to see what happens around the 50 moving average resistance level. Am opportunity may arise at this area otherwise wait for a breakout/breakdown. Good trend trading… Javid Shaik […]

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Bull trend

Trending stocks Sept 11

MAR is one of our favourite stocks and still performing well. RCL is trending up. Q is trying to break resistance. JDSU gapped up but finds itself at the weekly 200 moving average and close to the daily 200 moving average. Weekly is still range bound though. Good trend trading… Javid Shaik @JavidTrader

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Bullish engulfing candle

Further to our previous MCD technical analysis, the price seems to have bounced from the weekly 200 period moving average. The price bars on weekly and daily are suggesting near term strength but as we have been waiting for a trend trading set up, a long position is not appropriate as the trend is clearly […]

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Euro Aussie downtrend

Trade Exit

We have had multiple compounded positions on EURAUD and exited them earlier prior to the additional move shown on the chat below. Our trade exit strategy has provided profit across each position. The trend is still bearish and we will look to enter shorts again but currently price has some near term bullish characteristics. Here […]

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Support from 200 moving average

200 Moving Average

Further to our previous MCD analysis. price is now very close to the weekly 200 moving average. This should act as support but either a break or bounce can happen from this point. If price consolidates from here then we are not interested. Weekly MCD chart below. Good trend trading… Javid Shaik @JavidTrader

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Euro Pound Resistance

Yesterday the Euro Pound (EURGBP) tried to break above the resistance set on June 25th 2014 and previously tested last month but so far has failed to do so. If price can deal below this level then we are looking for further weakness. If price closes above this level then we want to consider exiting […]

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