All the existing facts show bearish trend. However it is possible for the price to be traded in the range shown in the chart. However i believe it will reach the area around level 96.000 - 95.000.
DXY/Dollar index is setting up a nice bull flag, movement above 96.70 is confirmation and should start the move up to 99.00. This is important because we are waiting for EURUSD to move down into 1.0900 and 1.0650 as well as USDCHF moving up to parity/1.00 level. See more about this at www.daytradersfx.com
Trading can be so complex and intricate sometimes. I try to keep it as simple as possible. Impulse, correction, impulse. Identify the corrections and trade the trend continuations. Pair that with a little technical analysis and viola! A corrective channel structure has taken shape here. Anticipating the bearish breakout to continue the trend. I take the trade only...
Strong trendine broken , 2 times Test , Continuation higher making NEW HIGHS , forming something line Inverted Head&Shoulder , wave analysis can be put into consideration here too , a lot of opportunities around Alcoa are anticipated. I'm flat , out of this market for now , Thinking and Observing Price Action , Do the same , Do Not trade , stay and observe , watch...
The black line at around 96.72 mercilessly rejected the Dollar on 6/24/2016. Watch the lines for setting up short positions.
I warned you about this ratio crashing before.
After a bullish signal on BTC the short downtrend was broken and build a base for an uptrend. At the moment we can see the BTC moving in a triangle so we can wait for a breakout next 2 days.
talk about a croc of shizza. if there is one thing i learned from trading, it is this: don't use fancy systems to make good returns. keep it as simple as possible. you don't have to trade. in fact you can always invest and double down when the market is wrong about price. you simply cannot predict price action. trading psychology (if there were such a thing) will...
I see we can go as low as 119.400 (stoploss) before returning up. But then we go back to 124.400 (take profit 1) or even 127.800 (take profit 2)
Weekly chart fighting with 0.2 Fib. Strong resistance line combined with past structure. Very likely to hit resistance and go down again. GL
The area in the red circle represents past structure, support level which could possibly become resistance with 0.3 Fib retracement and Over-bought market. Good entry point for short. If breaks, all signs available for expectations of a new upward trend.
couldnt make into h4 supply zone by 3 pips but got a reaction as anticipated
Top-down analysis Monthly: The price is getting selling pressure at around the monthly resistance area Daily: there is a daily demand zone just below but we have a room to arrive there H4: and it just created a H4 supply zone. TP1: 1:1 Just before h4 candle tail TP2: just before daily demand zone tradewithcan.blogspot.com.tr twitter.com
Political pressure no longer exists. JPY plunge a main priority for Abe now.
Turkish Lira aginst US Dollar has been running between the monthly demand zone (2.7974-2.5604) and monthly resistance area. As i expected, we had 2 nice reactions both from demand and resistance zones. Soon after consuming either of the monthly areas, we may see an abrupt and impulsive move whichever zone breaks first, probable outcome being upwards. ...
We have tested monthly demand area (3.0824-2.8456) once and then, as we expected we got a nice selling reaction from monthly resistance area (3.4791-3.3764) Right now, price aciton is telling us that we may break daily supply or weekly demand zone easily by virtue of spending too much time to form both of them. But yet, if price reaches weekly demand zone, i...
AUDUSD may give us a buying opportunity that can emerge once in every 2 or 3 years. After selling pressure and losing value for 5, two things happened at the same time: 1- We have seen Monthly Trendline reached and had a reaction upward fomr here. 2- Also, the price managed to break above 0.7385 level and has activated monthly demand zone(0.72425-0.68270) We...
Breaking through the support -> Short . By taking a close look at the candle stick chart, you can see "Hang Men" Candles, which signals a trend change. USDJPY will first run out and than will change to a downward trend . If it than going break through the resistance, which originated in October 2015, downtrend will be confirmed!