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Trendreversal

Bottomed out, trend reversal?Did we just see a trend reversal of the Swiss Company Meyer Burger. The Company just announced, that they will produce solar panels in Germany. A brave decision. Having a look in the history, we saw an overall trend in Europe. Solar production companies started in the 2010s, but failed to succeed due to the strong Asian competitors and cheap production conditions. The current situation and thoughts to bring back local production could lead to an success. The history of the stock shows a fall from 358 Doller to 20 Cent. The change of energy sources away from coal could lead this current penny stock back to a proper stock. The future will show the potential!
OTC:MYBUFLong
by tomid_trade
EURUSD - Chart went up nicely today as expectedLooks like we got ourselves a nice bullish jump as expected. 1D: For now we see a comeback to the ascending trendline that start on may 14th. For now today's and yesterdays candle stick patterns combined seem to show a trend reversal. Why? because today was a good day and markets we're pushing prices up, but also because the candlestick pattern shows us a 'piercing line' which is a possible trend reversal signal. Let's see where we're standing tomorrow. Also checkout my previous TA linked below for a multiple timeframe analysis. Trade safe, stay safe! ______________________________________________________________________________________________________ I'm purely a beginner in technical analysis . Please hit like, follow if you like my ideas or place a comment if you wish. Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
Long
by AlgoSurfer
12
Reversal of H1 TrendWe are looking at USDCAD on H1. We have higher bottoms and higher peaks. These are the signs of forming a new trend. When a trend is in its beginning, it is much more likely to continue. Therefore, we will look for opportunities to enter buys. What we have to take into account and be especially careful today is that it is the first Friday. I guess it's clear to everyone what this means - big job movements in both countries. The news comes out at the same time and we expect to see a big movement. Therefore, you MUST place a stop loss! You can choose to enter a trade after or during the news. This will reduce the risk, but it is possible to miss a lot of movement!
Long
by ForexTrendline
USDCAD AT HUGE DAILY SUPPORTI expect to see a bit of congestion around this level of 1.30000 but we are only just coming into it now. Ill be looking for longer term buy trades but not just yet as its not very often we see price spike into these major levels and change direction that quickly.. most traders should know these levels, so do big institutional traders (big banks) and that is where they take advantage of the average. I am starting to talk to far into the future now, but often on big term reversals from these major levels we will see price develop a nice buy trade and give all the right signals but then make a final push down back through the level taking out a heap of stop losses then quickly changing direction into original bias...
Long
by jamison_fx
Trading OXT: Has topped & headed for full retraceDisclaimer: This is not financial advice High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade! OXT seems to have just completed a bullish impulse wave that started on July 2nd and has finalised corrective wave A at exactly the 61% Fib level. For those unfamiliar with Elliott terminology, A is the first wave of an ABC correction. B is next, which also seems to have started. We will have a confirmation of this as soon as we break out of the wedge marked by the red lines. The first target for B wave is the 50% Fib level (0.49), this is a good spot for some high leverage shorts. Shouldn't it hold then the next level 31% Fib level at $0.579. Once wave B is completed then wave C should started. The target for wave C, estimated based on how deep A has been, is around 0.168. This means that should the current formation (which I plan to trade) be confirmed then the price should almost fully retrace the gains achieve since July 2. Right now I will wait for wave B to form and will be looking for shorts in the 50% Fib area first and 32% next. Entry: 0.49 SL: 0.54 TP1: 0.30 TP2: 0.18
OShort
by zerobounds
10
Trend reversal for GBPUSD?Long Trade Idea for GBPUSD. We have arrived at the edge of the diagonal bearish trend-line going back as far as early 2018. If we break here it will be the start of a new bullish trend with more dollar weakening to be expected in the medium to long term. Initial bullish targets will be at the Monthly R1 @ 1.336 with a medium a term target closer to the Monthly R2 @ 1.362. The final target would be in the region of the Yearly R1 pivot @ 1.385. Initial stop loss to be placed @ 1.308
Long
by FXAutomate
EUR/AUD SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! EUR/AUD: Daytrade-Preparation Market-Sell: 1,64930 Stop-Loss: 1,65300 Take-Profit: 1,64350 Stop-Loss: 37 pips Risk: 0,5 % - 1% Risk-Reward: 1,60 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
5
GOLD - Using price patterns to time reversals of trends.With the market watching out for Gold to hit the $2000 level, once this occurred and broke higher you have to always be cautious and take a step back before jumping into any longer term trend continuation plays. When new record highs or lows get established in any market that is highly liquid, its good to keep your options open and try and look at the market with also a contrarian point of view as well. To many new and novice traders will just expect prices to keep climbing and jump into the move with no account for strategy, analysis or more importantly a study of price. Looking at Gold, we wanted to keep an open mind and read the price action especially when your looking for counter trend moves as this will lower the probability of a trade but when you are patient and follow the structure of price you can get some good nuggets of information that can really help you time your trade. As you can see on the 1 Hour chart, price was moving up nicely until it formed a bearish 3 drive pattern in the process. This pattern can be a good indicator of price exhaustion especially when you can see these being formed on no less then a 1 Hour time frame. Once we saw the pattern complete, that alone is not enough, we need to be patient and find a lower trend line, preferably with multiple hits registered on the line for if this breaks to the down side as well, this not only gives us good reason to enter the trade short but it allows for greater timing and accuracy of the trade. We would look to place our stop just above the 3rd and final drive high to start with, as we are trading the pattern so there is no need to place it very far away.
OANDA:XAUUSDEducation
by DavidVillagra