NZD/USD Is trading right above a strong support zone - it looks like we can stay above the zone and head to the upside
Hi guys, We have a very nice bearish divergence on H4 but not yet on shorter timeframes suggesting the pair is preparing to go down but is not fully ready yet, so no rush. We could have a nice confluence of two resistances (check the chart) so it would be a perfect area to short the pair. The potential is about 70-75 pips on this trade. As you can see we have...
Hi guys, Happy to publish again in here, been super busy with some various projects. Excited to share them with you soon ! GBP/USD has been accumulating as we can see increasing volume in the highlighted area acting like a support. This is clear on H4 and on M15 as an extra confirmation with a very nice bullish divergence. The idea is to buy as soon as we see...
A strong USD and increasing political instability in Germany are weighing on the Euro. So long as we remain below 1.1600 and it's key support in the 1.1630 area, bias remains down and the key test is 1.1520. Below that it's quite a free fall.
A hawkish FOMC has pushed USD higher into the week. The looking trade war, alongside lower Crude Oil prices have kepft CAD subdued. Retail traders remain strongly short USDCAD and as such, we like the odds of further upside.
Hey guys this is my take on Bitcoin, i think that price still wants to retest the February low, but after that, we can possibly start a new uptrend, therefore we'll have to wait for price to break the closes down trendline before taking any trades to the long side. GL PLAN YOUR TRADE AND TRADE YOUR PLAN K.R.S.
Last post: June 13th. See chart . Review: Price had bounced off resistance suggesting weakness back in the direction of the bear trend. Update: Price has continued to weaken but is a distance away from breaking and closing below the pivot support of May. Conclusion: Applying patience and waiting for price to clear support before placing further short...
All I have to say is I would not risk betting against the US dolla :p USDCAD ... Nothing stopping it... CAD might lose value against other currencies even. GBPUSD has bounced, a sign that others will follow? USDCHF let's see what happens when it reaches the top :) USDMXN actually dropped hard! Watch out this could happen to other pairs if the USD keeps...
Weekly chart is showing us multiple confirmations for a continuation to the downside. PA showing a double top at the 1.40 price level, suggesting a strong point of previous support before breaking through mid 2016, has now turned resistance. A break below the neckline and the EMA band came in conjunction with the MACD sell signal. There's a range between...
Last post: May 30th. See chart . Review: Price was very much bullish but faced with the weekly 200sma acting as resistance which caused a pullback. Update: Price is still faced with the weekly 200sma as resistance but a bullish move on Thursday could give momentum to the bulls. Conclusion: Standing aside until the resistance zone is cleared and acts as...
EURO / USD Near Short Opportunity Why? ~Bearish candles with big volume on rejection showing price can't go much further ~Bearish divergence on RSI ~Yume looking to twist on rejection by Miaku line ~Confirmation of break over trendline, with pullback to under the trendline To be traded on 1-10x leverage. Depending on stack size. Message me if you want to...
EURCAD , 240 , FIB & Bollinger Bant Analysis
EURNZD has formed an impulse leg A and we are currently in the B correction which shows 3 waves at this stage. I expect a move back down to the low at 1.6715 and then a move to break out of the correction. It is possible that the correction will be a 5 wave structure but either way suggests a break to the upside. I have entered a short position down to the low...
We have a descending triangle which is a nice topping formation. The price action is currently touching the top of the triangle. Both Stoch and RSI are oversold. Aggressive traders can go short now with stops above the swing high. I personally will go short only on a break below 1.17250. Take profit levels are shown on the chart. Good luck guys! Commodore loves you! :)
EurAud would be our vehicle of choice on a hawkish ECB meeting today. Aussie is suffering from worse domestic data and worse data out of China. Aussie is a proxy for bets on China and is showing weakness.
Sometimes understanding the market's movements is difficult. After a haskiwh message by the FED, it's quite counterintuitive to see USD weakness. We have only one explanation: disruptive potential from the ECB and US/China trade issues.
Last post: June 12th. See chart . Review: Price was finding momentum at pivot support. Update: Bullishness has continued with further moves to the upside. Conclusion: Applying patience until the breakout before adding long trades. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
There is a nicely shaped bearish pin bar on the daily candlestick chart for the USDJPY pair. While it is a nice candle I do not think it is tradeable given the overall price action picture. A few problems I have with this pattern is that in some of the trend lines interpretations, the pin bar is actually sitting on top of the trend. This pinbar is also forming...