Waiting confirmation from RSI for a big short on this pair. I will short as soon as the support line is broken (as shown in my chart). Target at 23.60% retracement. Stop Loss around 86.72 Happy trading guys
It's going to reach 0.618 retrace, then it's going down people!
Today we have CAD Interest Rate Decision, We might put in an EO for a sell if it fits our rules. “The policy statement should read similar to October as the outlook for growth and inflation remains consistent to that outlined in the October MPR while uncertainty remains unresolved. We look for an overall tone of cautious optimism.” “The Bank may make dovish...
All Yen pairs has been going up for quite some time now. With RSI Divergence in play, How much longer can it goes up? Is it just coming down for a correction and continue it's way up again? Or a total reversal? Let me know your thoughts. Thank you. Happy Thanksgiving =)
Up until now Bitcoin was still consolidating in a wide range of $680-630 in the ascending triangle and did not rally as I expected after the halving day yet to retest $750-790 area. One thing you can learn from Bitcoin's behavior over the years is that it ALWAYS retests the previous high a second time. Also Bitcoin LOVES to bounce within triangles. Currently we...
NASDAQ:AMGN Diamond top pattern on weekly with negative divergences in both the RSI and MACD indicate downward future direction. Based on height of overall pattern, pattern target is near $100. Should a break upward occur (not likely based on RSI and MACD), pattern target would be approximately $210. See Bulkowski High volume nodes and POC labeled.
Stay aware of the whole numbers. They are essential critical levels in Bitcoin. Like&Follow to stay updated.
Let's see that's happen if that worth for trading keep look and 1.049 price never low then 1.048
1. A new ground is forming at a very strong support level, in both D and W TF. 2. Right shoulder for a H&S in W TF could start soon. 3. Divergence in D TF. I will wait for a break of the intraday high of April 18th. Will post an update when the time has come, so make sure you follow me! Happy Trading
I will go short on this pair on the break of the red TL and moving averages. This opportunity is viable only on the break on the TL, before that we can expect a move up to 0.76366. On the break, I am expecting the market to go down to .68 to .67. Now that is 10 % downfall which also means that for a person who uses 1:10 leverage that's 100% return on the capital...
Okay so far ive looked at a few Resistances and Supports made in the Day charts the Black line is the resistance/support made from the day chart, while the Turquoise line is the resistance made from the double top within the channel. What I am suggesting is a buy at the 0.7258 - 0.7300 range where it meets the up trend channel. if it doesnt meet the trend...
Been trading this one for a few months waiting for this convergence of technical, fundamental, and news and we get there this week. All indicators are pointing to the sky here and this has the capability to trade over 2.30 near term, depending on earnings reporting on Tuesday. Volume has been increasing, sentiment is skyrocketing, and technical lining up.
EURUSD to continue it's fall , as dollar gets stronger and euro executes it's QE ... A rise in this pair (in my opinion) will produce splendid opportunities to short.
symmetrical ABCD triangle. comes into confluence with 11000 level. AB=CD to the pip. also aligned with 161.8 fib extension. with that said D=(B+A)/C downside target 9488
simple harmonics here. AB leg should equal to CD leg this brings us to 1.618 extension 11142 (shows different on chart as plotted fib incorrectly) successful rejection of this level brings us down to 61.8 level on the whole AD move which is 9421. good luck guys
On 4h and Daily chart we see that GBP/USD creating big head and shoulder formation wich can be start of new trend if price reach 1.6200 resistance.