Pair is constantly rejected when close to 200 EMA and GAP's from daily chart. It is very probable that any pair after the rapid movement on daily, weekly, 4h scale will move further in the same direction. The upper GAP(darker shade of blue) is holding recent attempts and created solid support/resistance area. This are will be breached in near term and it should...
Pair is in downtrend for at least year. It created visible channel which trapped the pair in August and since then it is bouncing from two levels 75.50 and 72.50. If I would look for psychological levels I would rather go for 75 and 70. What is telling me that the pair has good chance to follow described scenario: - trade is following recent trade - GAP from...
BCN finally dropped close to 30% which is good news if you are waiting for the enter as I do. BCN is approaching the first buy level which is around 15 +/- 1. It is hard for me to say if the BCN will go below 10 or stop at 15 or maybe go down to 5. BCN is solid coin and volume is rather big so I think another price spike will most likely happen I would not set...
It is set-up for short position based on the following : - recent bearish trend - ABC pattern where C stopped at 0.786 which is bearish sign - Pair is trading below 200 EMA - These blue rectangles are showing GAP's from weekly time interval Things which are suggesting that this trade is risky: - for the last 4 years this pair is in bullish trend - on daily...
Mexican peso is bearish for the last year. I pointed out most important places. - exact 50% of previous wave - H&S formation followed by recent trend - pair is trading below 200 ema on Daily CHart - GAP support/resistance area is fairly respected by market plus bonus which tells me that it is rather good entry Mexican interests rates which are very high in...
Blue and greenish rectangle are representing weekly GAP. These are very often creating very strong resistance/support areas. Gold for at least 3 years is bearish so this trade definitely is following trend which is good news. TP area is set close to previous lowest low. On 4H chart pair is trading below 200EMA which indicates further losses against dollar. I'm...
Hi Crush Partners Testing 200 MA on weekly with Stochastic RSI turn up, MACD turn on weekly. Looking for big trade. #swingtrade #daytrade $HCLP
The British pound has regained bullish momentum against the US dollar, after US President Donald Trump’s speech with British Prime Minister Theresa May reaffirmed the two countries commitment to a future trade deal. The GBP/USD pair has now moved back above the key 1.3205 level and is currently testing the 200 period moving average on the four hour time...
The euro currency has once again recovered upside momentum against the US dollar, after the US dollar index failed to hold onto gains above the 95.00 level during the US trading session on Friday. The EURUSD pair is now trading above its 200 period moving average on the four hour timeframe, whilst the MACD indicator on the four hour timeframe is currently...
Anyone remember this post from last September? "Last time oil had 200 MA w 20 MA breach, price ripped 39.80s to 51.50s fast (6 weeks)" Well... price took a double upside rip extension right after. FX $USOIL $WTI $USO $UWT $DWT $CL_F #OIL #OOTT #Charting
the price to bounce 3 times in the 200 EMA, could bounce a fourth time
I marked with eclipse last lowest low with company of pin bar candle. These cable stick formations tend to be broken and lowest low should appear on chart sooner or later. It is quite good situation right now where pair has created double top with combination of head and shoulders formation on 1h chart. This par is trading in channel but in my opinion it is more...
We can clearly see here double bottom which started new short term trend. Double bottom perfectly bounced from important Fibonacci level 14.6% Formation has been created with combination with GAP on Daily chart. R/R is close to 3
Double or triple top bounced from 200 ema. Good R/R ratio
quick trade r/r 3:3 head is bouncing from 200 ema
After repetitive attempts to rise upwards through the 200EMA, BTC is now using the (2017) 0.382 Fibonacci green zone as support which strengthening by aligning with the (Current) 0.236 Fibonacci and the McGinley Dynamic, A persistent strong price level that always shown to be quite resilient in the previous attempts. The McGinley Dynamic has proven to be useful in...
Seems like it is going down and Trump decisions had affected index. I extended the TP area which will give us quite good R/R ratio close to 10. Index should have some consolidation or rebound from 200 ema but if it will breach it 21000 is very possible. TP Area is based on Fibonacci restracment 61.8% to 1.618% It is very god trade in my opinion based on...
We can see here 3 GAPS from daily chart(lime rectangles). Look how nice this pair bounced from the latest daily GAP. It also created upside-down head and shoulders formation( not fully developed yet) which is clearly saying that the pair will most likely move higher. I had some problems with setting up TP but I think 1.6222 is very reasonable with R/R close to...