Let´s see if the Setup triump over the news :)
Yes. The Dow dropped about 400 points and the S&P 500 dropped about 55 points on Friday. As bad as it sounds and feels, let's take Fridays market drop into perspective. Since 2012, the SPY was about 125... Since July 2016, the SPY has been above 212. If you really think about this, the market action that took place on Friday was a drop in the proverbial...
Usd keeps going down to uptrendline, if this is broken, probably reach the 1,10668. If not the price validate the uptrendline and it will show a new bullish impulse.
Simple Reads Set Take Profit and Stop loss appropriately . Manage you Risk intelligently.
Note : Market opened down, so your risk will be decreasing. Look for better risk-reward ratio and enter the trade Market is continously in bullish trend We are entering in pullback RSI in oversold region
Buy FX:GBPJPY After Bullish Candle Stick Formation Price @ Back Side of the Trend Line (BLUE) Touched Uptrend line (Pink) Higher Highs (Support, Blue Arrows) Very Sharp Counter Trend Line Break StochRSI Over Sold Entry: After closing of the daily Candle (This Friday), Place Trade Monday Afternoon Stop: 10 Pip Below Previous Low (153.229 appx.) Take Profit:...
EURUSD is in bulish trend from March starting and we had decent pullback last week. We have marked our entry zone, where we do have Fibonacci Confluence also. Exactly in our marked territory ABCD pattern gets complete which increases chances for EURUSD to move up after reaching this zone. Happy Weekend ! Happy Trading !!
At the end of that big triangle an outbreak seems plausible . My target is around 4000CNY just before the halvening im am quite bearish for the next couple of day but the resolution might occur around friday. Hoping on some good news regarding the block size issues this week.
Watch out for a retest of the ascending trend line on S&P500 which may give bullish signs. If price breaks and closes below the trend line a retracement back into the trend line may give a viable shorting opportunity.
Sell the support breakout.
Hello Traders, Here we have a valid bearish crab pattern potentially forming on FX:USDCAD daily time frame. Just by reading price action, we see this market is in strong bullish trend. Keep in mind that there are still no signs of this pair slowing down just yet. Since the pattern is on the daily time frame the stop loss will not be suitable for every one,...
Following oscillator divergence between the August and September highs price has had a deeper pull back into a suitable buy zone where bullish momentum is likely to kick off of. The buy zone is a region on the chart where price could find support in the 1.2780 area, at the bottom of a rising trend line and on 50% retracement line. Bullish signs in this buy zone...
After today's bearish engulfing bar close below the marked resistance area on the chart a pull back is imminent on the DOW Industrials daily time frame. Stochastic and RSI convergence, and recent trending price action structure show the increased likelihood of bullish momentum to ensue after a suggestive pull back.
SELL SAIGNAL FOR LONG TERM . POTENTIAL RETURN TO 1/15 TARGET PATTERN DOUBLE TOP TARGET RECTANGLE OR SUPPORT ZONE CLASH TO LINE OF UP TREND IN LONG TIME Please note TO NEXT analysis. MORE DETAILS TO CHART THANKS
As you can see, GBP/USD bounced off the uptrend line AND the bollinger band's bottom. I believe that we will test the middle of the bollinger band next week, which is around 1.5650 right now.
Hello to all, Hope everybodies weekend was a good one. Lets kick this week of with our first possible bullish Bat pattern that might be setting up. We need to see a D leg completion at an 0.886% in order to have a Bat pattern completion. This was is very close to being a Gartley pattern but we missed the gartley pattern setup buy a few pips. we are also in a...
BASED ON PATTERN DOUBLE BOTTOM IN THE TIME FRAME DAILY AND SYMMETRICAL TRIANGLE IN THE TIME H4 I THINK IT IS A GOOD BUY FOR THE LONG TERM . AND IF THE PATTERN IS COMPLETE AB=CD , TO ACHIEVE THE TARGET OF 12 DAYS IS REQUIRED . THE FIRST ARM OF THE DOUBLE BOTTOM PATTERN WE NEED TO REACH THE TARGET OF 24 DAYS. THE UPPER LINE OF THE DESCENDING TRIANGLE BROKEN AND...
Several conclusions can be drawn from this DAILY chart of the SPY. Even more questions will no doubt come to mind as a result of those conclusions. If you thought you might find the answer to the above question you can stop reading now. The easy answer to the question is not in here. I surely can't foretell the future. Honestly, you wont get the answer...