Last post: May 22nd. See chart.
Review: Price was looking strong and bullish.
Update: Price pulled back slightly but looking strong once again.
Conclusion: We can look for opportunities if price breaks through the previous high.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Last post: April 29th. See chart.
Review: Waiting for price to break and close above 1.2000 resistance to suggest a bull trend continuation.
Update: The breakout failed to materialise with the bears coming in strong.
Conclusion: Standing aside and focusing on trends in progress.
Any comments or questions, do not hesitate to leave them below. Hit agree if ...
Whilst cryptocurrencies look like they are recovering this week, using a wider chart we can gather a better picture on price. This analysis looks at LTC on the monthly time frame to gather a longer term view on price. Using fib retracement levels and the trend line it is clear that price is still yet to decrease to support level. Once price reaches this level, I ...
It looks like an ascending triangle has started to form at the bottom of a significant bearish move. This means that the triangle is signalling a reversal and the price usually would break out the resistance level of the triangle. I would keep everyone updated on this over the coming days.
The price seems like it has managed to breakout the bearish channel it was in, now the price has made its way back down to the broken resistance, which is now acting as a support. If the price bounces off this new support level it is very likely that we could see significant bullish gains from this currency pair. I would keep everyone updated on this pair over the ...
Segro PLC is developing into a nice trend using the 50 simple moving average to help it climb to higher highs.
On the Monthly chart (not shown) price made an all-time high of £77.24 in 2007. After that we saw price plummet to a low of £1.50 in 2009.
Ever since then, price has been clawing its way back up and appears to be finding some steam and making higher highs ...
Big Yellow Group smashed through the resistance level but may now encounter trouble at the £10.00
psychological round number if it is to advance higher.
As you can see on the monthly chart, price is looking strong so far this month as it has produced a large bullish bar which saw it break through resistance. Last month's bar poked its head above the resistance ...
Zoo Digital Group is holding at the £1.00 round number support zone.
Price is also at a previous resistance level turned support which we also want to see hold price up.
On the Weekly and Daily chart we can see price is above the 50 & 200 simple moving averages, which means that the overall trend is bullish.
From October 2017 to January 2018 price was in ...
I'm just learning TA, so I post these more to see how my ideas play out than inform anybody else's thinking. Please tell me if this sounds like a load of misinformed BS.
Looking for the next leg up to land in the €560-€570 range.
It all seems to currently be coming back to that magic number of 1.618 - the One line of this fib retrace is drawn from the support ...
Last post: May 20th. See chart.
Review: A breakout was required to suggest a trend continuation.
Update: A breakout followed was confirmed and further bullish moves have taken place.
Conclusion: A move towards 6.0000 with further opportunities to compound is now probable.
Any comments or questions, do not hesitate to leave them below. Hit agree if you ...
Last post: May 21st. See chart.
Review: A breakout was confirmed yesterday.
Update: The bull trend has continued today triggering another compound.
Conclusion: We want to see price continue towards the next round number of 6.0000.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Review: We are waiting for price to break above the high before we can go long.
Conclusion: As price is above the psychological £1.00 round number support/resistance zone, we need a break of the high to confirm a continuation of the bull trend.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
XAUUSD broke the channel on Friday, today market opened at retesting the trend of the channel and now I see a bullish movement with Target 1308-1310 zone.
+150 pips on target.
Remember to move SL when price hit first 50 pips and then when hit 100 move the SL to 50 and so on..
Good luck traders.
A bullish pennant has started to form after a significant bullish move in price. This bullish pennant is showing the strength that is needed from the price to break this very strong resistance level, there is a very high chance that the price would make substantial gains in an upward direction once it breaks out the bullish pennant and the resistance zone.
Gold is in a little 1hr channel, lets wait to see the price action. if breaks to the upside we continue bullish until 1310 region as target 1 and 1325 region as target 2. Also is touching a Daily strong trend line.
If the price continue dropping we can expect around 150 200 pips more.
Keep an eye on this one..
Silver is on a strong support and there is a slight upward momentum. The cypher is a profitable pattern with a success rate of 75%. If point D is confirmed then watching for bullish price action.
