As we can clearly see FX:EURCHF has retested resistance and rejected on the 4 hr. Looking at the weekly chart depending on how the candle closes out we could see a bullish week ahead. As shown current weekly time frame shows a clear tweezer bottom candle formation.
Also hit 61.8% fib retracement on the monthly.
Possible pullback to 1.1205 wait for confirmation....
USD/CAD to reach weekly resistance due to strong bullish trend
Bullish engulfing candlestick shows bullish sentiment reaching trend line resistance
Previous bullish engulfing showed strong bullish breakout
Daily support has been retested once again
Price has bounced off 0.382 level and has broken through 0.5 fib level
BROKE OUT OF WEDGE TREND
HIT SUPPORT AND WHEN BULLISH, HOWEVER WE HAVE NOW FORMED A SHOOTING STAR CANDLE STICK. FURTHERMORE THIS IS A STRONG CANDLESTICK SIGN OF A REVERSAL IN TREND.
WE HAVE ALSO JUST HIT THE 50% MARK IN FIBONACCI MEANING WE COULD EITHER GO BEARISH FROM HERE, OR IT MIGHT GO BULLISH AND THE 61.8% MARK AND OUR RESISTANCE LEVEL THEN BE A STRONG...
Break out has happend with a bearish candle with big wick with MACD tops lower. Target is the major support before this will have the next bounce. Stochastic has room to move lower. Will take trade on 60 min timeframe which is also showimg comfirmation
It was a very exciting trading week ended on Friday 04th October 2018, it just goes to show that what goes up must definitely come down.
Based on the last 2 trading sessions, the question we should be asking now is how far down will the markets be going? What does this new week bring? Some weeks it is difficult to technically forecast the market movement and I...
EUR/USD could have finished its retracement after a series of bearish momentum. The 61.8 fibonacci level seems to be holding up as price has rejected it on the H4 a couple of times. You can see a doji and spinning top on the H1 which suggests uncertainty around this level and potential reversal to the downside as PA seems to be exhausted around 1.1655. Price has...
This EURJPY trade has already been taken long, however I would like to show the Indication of setting the trade. Bullish Pinbar, key area and trend all factors.... EUR showing strength after Tuesday also.
Don't jump into a trade
You yourself are liable for your own trades.
We can see on the graph the support dotted line in purple and the blue dotted line is the resistance. This graph illustrates a BTC surge soon, with either the double bottom or triple bottom technical analysis patterns. The candles are bouncing around these 2 lines, but it is only a matter of time until we see the breakthrough illustrated with the shaded yellow...
here on EURNZD i'm ready to go short. Do you want to know why? Here's explained: first of all, i've outlined a key structure on the daily chart (yellow box), then i lowered my timeframe to 4hr chart and there i saw different clues pointing on the same reversal direction. We've a Gartley pattern completed and still valid, we've an AB=CD pattern just...