Wedge on daily chart Could short with SL above upper limit
Analysis: -Strong break to the downside creating new LL (Includes gap from the weekend) -Retest of the 70-79% zone -Perfect MA test -Floor broken and now being treated as a ceiling -There is a lot of strength to the upside but perfect setup opportunity Emotions: -Same as the XAUUSD Long this morning
Technical Analysis: -Price broke below the MA pretty aggressively -Now retesting the purple zone which was previous support -Confluence between the zone and MA Emotions: -Saw price reacting to this level a little late, price wicked the kill zone to a T but now I may have missed the entry already. Not rushing into this trade, set my limits just in case price...
Technical Analysis: (Same Exact Setup As GA) -Price broke below the MA aggressively -Broke below purple zone which was previously a strong floor and now retesting -Confluence between all three indicators Emotions: -I came into this setup a little late, I was eyeing this earlier in the morning and had it on my watch list but, I just saw this trade and am not...
i can expect usdcad to fall lets see
This is the most obvious bart in all of bitcoin history. Dead volume, sudden spike in volume and price, then dead volume and slowly bleeding price with a curving down RSI. Really if you don't understand how this space is manipulated by whales and exchanges to liquidate both shorts and then longs, then you should move over to forex or something.
After breaking the weekly support of 142.50, we've consolidated below the level for quiet a while now. We've retested 142.50 as resistance for 8 days straight, not able to break, close and stay above it. After breaking to the downside of the consolidation box we now retraced back to the key level since we got positive results from this morning retail sales...
Short position taken for myself on EURNZD.
After closing last week with a shooting star back below the resistance level of 1.8250, we completed a fibonacci retracement of 71.00 on the daily TF. Creating a H&S pattern on the hourly TF we broke, closed below and retested the trend line and resistance level again. Im looking for a potential short to the D extension at 1.7700, with support in between at 1.8000...
Watching EURNZD I still believe we got some more room to the downside since we’ve rejected from the 50 fib on the weekly TF at 1.7050 . Last week we closed as a bullish engulfing which could lead to bullish interest but we havent closed above any declining MA on the weekly yet, currently testing the EMA as resistance. On the daily TF we are now breaking out the...
Breakout run from EUR open, followed by stop run through 1.1442. On the 5m chart, 3 pushes shows slowing momentum. On the 15m chart, doji reversal followed by bearish price action (solid red down). Perfect opportunity to enter when it pulled back to 1.1472. On the 1h chart, reversal swung to fib618, where another 5m and 15m reversal appeared. Another reversal...
Mais um Gain para finalizar o dia. Operamos Pinbar vendedora num dia de claro movimento de queda (puxado pela barra de abertura) - Como explicado em vídeo mais cedo AQUI - Operamos a venda, novamente procurou o Stop e não o atingiu,dando uma guinada e então alcançando o alvo estipulado.
The price action we've seen since October looks a lot like the tech bubble of Y2K. The combination of mean aversion and valuation levels like this have only occurred two times in the past(1929,2000). Corporate buy backs and excess leverage(everywhere) where also traits of these historical crashes. Using the first tech bubble as a model, I've projected what...
It seems like people is opening more shorts (red line) with respect to (green line). This keeps pressure for the bulls and the price is not showing bounce signals. Keep also in mind that the total shorts opened are still less than total long opened. We suggest to keep short and longs in consideration before making any trade on ethereum, as the price is very...
I compare the situation at 01/01/2019 with a few days previously (see video 4 min mark in screencast below). I've extracted value in this experience because this scenario and one similar in ETHUSD, leads me to a better confidence about spotting trend weaknesses and getting earlier on trend changes. I focus on curves in relation to trend-change indicators.
DFX has increased 130% in three days and has found resistance at 50 moving average. A pull back is always highly likely after these big moves so I am looking to short the market and profit from the pull back. My first profit target is placed at the prior support line. I usually like to wait for negative divergence before entering these trades but as the increase...
In the screencast I show two possible head and shoulder patterns - with a degree of uncertainty. The bigger issues are signs of a trend change and momentum developing for the south. So, it doesn't matter at this stage where the base of the head and shoulders is. It is a no-loss position I'm in at the moment.
How to understand when the global trend is starting to change? The issue of trend reversal is very acute at the moment, because we are witnessing a rather long fall and one of the longest corrections now. And to be precise, this is the second biggest correction. How to found out the moment has come and you need to urgently buy up everything so you do not cry...