As last post suggested we broke down off the top of the now 4day descending channel with double resistance strong arming an already weakening price trend. With the current downward trajectory there will be chance for some support to bounce BTC back up starting @ $9140 in an attempt to re-engage resistance. I wont pretend I didnt see that insane $400+ price swing,...
Wow what a ride! We saw BTC test the 5 years ascending trendline twice now and both times it held, though not without a fight the first time. After touching down a second time the price went fairly viral and has been running on an impressively strong 10-day ascending trendline now. That little trendline is so strong that we broke through the top of the channel of...
Two major adjustments here to my previous TA for BTC. I realized that the trend that kicked off this run to $14k was actually a continuation of the trend that started @$250 in 2015, this caused the line to slightly tilt clockwise pushing the date to the right for intersection of this multi-month descending channel and the overall ascending trend line which I...
Hugely positive development last month in BAC. Stock finally broke above the descending trendline it had bumped up against repeatedly in 2018. I think you have to back up the truck on any pullback to the ascending trendline.
Bullish price action reversal on the H1. SL below the weekly pivot s1 and TP around older week pivot R1.
Price Action (Technical Analysis): We see Sellers are beginning to gain confidence as price was rejected when entering our Resistance Zone. It is common to see Price Copy its Previous Pattern, we seen price attempt in the same pattern to break our Weekly Resistance and instead brought back down, Buyers are attempting to break above one more time but from what I...
Morning traders We have a clean simple trade setup on long British Pound versus Australian dollar with an ascending trendline holding after multiple taps since the start of July following a Bullish Engulfing line on the daily at end of month. Additionally we have an ascending support on RSI and a crossover on Stochastics pointing to the support line once again...
The weekly stochrsis ascending support trendline has performed phenomenally this entire bull run. It still refuses to submit or bend the knee. Each time during the bullrun i seemed as if the big 31-41% correction was finally about to happen the fall was stopped short as the bullish momentum was bounced up off of this trendline. Once again this has happened to our...
nzdchf has reached weekly zone (purple) and is in line with ascending trendline which has shown very big moves to the upside.
UsdJpy should fall till 106-106.3 (~500 pips)
cadgbp is looking to be long due to price testing support zone and ascending trendline. Broken descending trendline also confirms the move up.
EUR/AUD is showing support with both a falling wedge and ascending trendline.
On the chf/eur daily, I see a LOT of bearish movement due to rising wedge occurring at resistance zone, strong resistance zone, descending trendline and broken ascending trendline and a triple top. These are indications that market will drop lower but major news is coming out in couple days so I will look thoroughly at this chart for when that occurs.
I use multi-frame technical analysis to support my set-ups as higher time-frames are always more reliable. Therefore, lets look at UC by starting on the monthly time frame. Monthly time-frame: The ascending trendline, indicates that the current trend is bullish, thus looking for longs will be better than shorts Weekly time-frame: When dropping down to...
Weekly Resistance Ascending Triangle Triple Top WAIT FOR..... Clear breakout of ascending triangle + Trendline + Clear PA confirmation! ....otherwise I wouldn't advice taking this trade! Adjust the SL and TP accordingly when you get a clear entry. All comments are welcome and appreciated Peace!
Another interesting trade setup for this week. We have a possible Head and Shoulders here, with price being at an important resistance zone on the higher time frame (not shown here). Also the massive bearish divergence on the RSI, it adds to my hypothesis that we might see a trend change here. A break of the ascending trend line will be the confirmation.
In this projection, we've got market on the ascending trend line. If GJ won't break it, then We're looking for move to the 150 price level. However if the market gonna break that trend line, then we should be looking for some bearish movement to the 144.
Interesting setup coming up here on this pair, 4 touches to the ascending trendline & price broke a weekly resistance level. Expecting a new high on this pair soon