Price is still in an uptrend
Price Touched the lower trendline
At 15mins chart price created double bottom with long wick rejection
2nd candle taking out first candle
Price crossing 15mins EMA and finding support at previous resistance level
Price at support level which was previous resistance level
Last week, Swiss currency is the strongest of all and we expect it currently in its exhaustive phase in the coming weeks.
We could take this opportunity to capitalize on other currencies.
At weekly TF, CADCHF is trying to make a U-shape pattern and this would be a great opportunity for long with good risk to reward ratio.
This is a long term idea.
- Break and possible retest of bullish trend line
- Recent Double top formation
- Price appears to be making its way to an area of interest between the 0.5 & 0.618 Fib levels (area of support turning into resistance)
- Possible touch of the 50 EMA
I will be waiting for price to retrace further into the area of interest then obviously waiting for...
#TLW Tullow Oil technicals.
been holding this since march - i smell a breakout coming very soon. hit $40 on june 9th and i was too greedy to take partial profits then. dont play yourself like i did! Oil fundamentals starting to slowly look better but not out of the woods yet. Can see a strong breakout beginning to form. sky could be the limit, $28-$30 area...
From the daily chart, we can see price movement towards $12,000
Will, there be a rebound from this price area or will there be a breakthrough???
I think price will rebound from this level because Price has always made a rebound from the past when it gets to this point. The price might go further above $12000 but it will not go further than $12600
So we should be...
plenty of pings and doji stars to show XRP going to push on
last push went of of range with a pullback that hit back into range which started 24th July
next push may just be out of current range for some time
This is where I play a sell position at the key levels. By no means am I saying its going to melt through the floor. Don't need that to be profitable.
Message me your thoughts or if you want to learn more. Entry and TP etc reserved for free clients.
Key levels for week ahead -
- Dollar has continued its bearish momentum and has been weak for the last few weeks
- Going into this week bearish keeping in mind 92.60 area could be area showing short term retracements(reversal) before continuation
- Overall new potential entries at pullbacks towards 93.82 area
XAGEUR has made a double bottom which broke throu my trendline, + it’s also in a ascending trend so therefore the only way is Up📈
Also when you trade it, also trade XAGUSD as well, they basically going the same route!
Btw look at that star ⭐️
XAUUSD is looking like a HOT seller today.
Price action has created a potential bearish continuation, which needs to break out of the blue trend line for further confirmations, but we decided to go short after numerous rejections of the 61.8% fib level from the recent price action high to low.
The Risk Reward is very solid even at TP1, but we are pushing for...
hi everyone! 3rd video ive ever done on a Short position I took on EURCAD. a lot of work to be done! but check it out, im not biased to a position, as the market is constantly evolving, there for my bias and my analysis can change from day to day!
at this moment in time, im looking for short! holding over the weekend lets see what next week offers! cheers for watching!
zigzag indicator with all the zigzag methods that im aware of(that matter atleast), theres something for all tastes there :P
this will be the basis for zigzag tools i make in the future.
note: some zigzags REPAINT.
Return a linear regression channel with a window size within the range (min, max) such that the R-squared is maximized, this allows a better estimate of an underlying linear trend, a better detection of significant historical supports and resistance points, and avoid finding a good window size manually.
Min : Minimum window size value
This oscillator tool is good for many stuff, forex ,stocks ,etc
the color are prouduce by the difference from the signal line (in blue) and 0
strong buy are green , lime weak buy
red=strong sell,orange =weak sell
above zero is buy zone ,bellow zero is bear zone
The candle time determine the MTF function (also HTF but to little extent) and the length you can use...
This script is based on scarf's "DeMarker with Highlights" and adds dots indicating where a possible reversal could occur, as well as a zones that can help you identify consolidation areas. This script also adds smoothing to decrease false signals so that the indicator is more reliable to signal reversal zones.
It is also very useful in determining divergence in...
NOT ADVICE. DYOR.
Mark all points where signal line crosses from 0< to >0 (orange bar)
Then edit as follows. Pick points where Histogram (green bars) prior to crossover follows same movements + & - as BB%B (range = white box).
Then mark first point where histogram and BB%B go in opposite directions (white bar) following crossover (range = yellow...