Price is in a current triangle pattern
Price tried a bullish breakout and failed
Price closed below triangle trendline
Price could retrace back to bottom triangle trendline
Or Price could drop where it currently is
TP is @ 59.14
Find appropriate SL
Price is at the 100 sma
Price close below or above 100 sma determines direction
Follow Macd for direction
Price closes above 100 sma
Enter at candle close
Buy TP @ 1.0679
SL below 100 sma
Price closes below 100 sma
Enter at candle close
Sell TP @ 1.0505
SL above 100 sma
EUR/USD will be my go to pair for the year. Price is close to Minor Support Level. We currently have two bullish candles at the minor support level but there is a bearish engulfing before it. I envision a little pull back to the upside and final breakthrough to the downside or breakthrough to the downside for the longterm. The Bears have momentum on their side....
welcome to another free signal!
Important: Do not place a Buy-Stop-Order here! You increase your risk due to a possible double-top-patterm!
Wait for a Break above the previous TOP and wait for the S&R-Flip!
Target 1: 1.34836
First - Double Top Pattern Strategy is the traditional method double top strategy
Step 1 Identify the Phase of the Market. The Double Top reversal needs an uptrend.
Step 2 The historical precedent. An A++ Double Top Reversal is composed of 2 Rounded Tops (point A & B)
Step 3 Sell when Double Top breakout candle closes below the neckline (point C).
Step 4 Take...
USDCAD has broken it's major resistance at 1.34550 and therefore might be going back for re-test before shooting up to 1.36561
I'm expecting USDCAD to reject it's previous support line and give us a reversal candle which will be a confirmation for a buy.
price may move way beyond 'resistance levels' due to extremely unique and unusual setup.
we rarely have golden crosses in Bitcoin, last one was at the beginning of the big multi year bull market in 2015.
the triangle is -- should we hold it today -- textbook. it alone would have moved price to 6k after a breakout.
Bollinger squeeze is very clean. should price...
EURUSD on the path to re-test of 1.12. The newfound resistance range of 1.1310-1.1325 will likely be scaled in a convincing manner if the PMI's jump above 50.00, signaling a rebound in the factory activity. EURUSD Sell level 1.1320/50 Area first target 1.1260/1.1215 and finally 1.1180 area.
Other side of EURUSD breakout and stable 1.1400 Area first target...
Strong buying pressure on higher TF
Trendline (blue) breakout and wait for retest before we are going long.
The ideal area for going long
-daily support area
-61 fibo retracement
And still, we need buying signal/price action in that area before we execute.
Ascending Triangle Trendline breakout
Blue Sup/Res lines found on weekly chart
On Day chart find fib lines and triangle
Price consolidated sideways at Weekly S/R zone and 61.8% fib
Price has curved downward
Wait for price to fall to bottom Trendline
There price will either bounce up once again or breakout bottom trendline
Wait for a candle to close below...