Possible XABCD pattern showing target range between 11750 - 12000.
Patterns are everything and this run seems to follow.
(This observational Chart does not constitute advice or recommendation. You must make your own research and effect decisions based on your own judgement).
STOCHASTIC: Indicator is severely overbought as well as the RSI & other oscillator indicators.
SCHIFF PITCHFORK: Median line has been well respected in the past and price is struggling to cross this large resistance area.
VOLUME: Breakout of the 8200~8400 level was not followed through with volume indicating the lack of buyers in the market. Volume over the last...
I see a falling wedge with the opportunity for profit from a short position with SL: 1.12717 and TP: 1.11000
Use risk management as if it breaks upper trend line one may want to start thinking about closing the position.
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My name is LILLOMATTE, I have been studying trading hardly for 2-3 months, I'm publishing my analysis in order to have some advice and recommendations to improve my trading experience. Happy to hear your opinions and ideas about it. Feel free to share it!
Leave a like if you liked the analysis and mostly if we reach our profit.
Day chart has hit a major support and 4 day candles have respected it. The next few day candles, in my opinion will be bullish. The Target is at the next day candle closing price resistance and the stop loss is below the day candles respecting the support. The target profit also lines up to where the 30EMA should end up.
Note: I've made a youtube channel that...
Please see my analysis. We are currently at a great opportunity for short position at eur/usd pair.
We can take short position at this level, or if we would like to play safer, wait till price go up to 1.1220-30 area with SL 1.1250-60
Take profit should be around 1.1150.
Enjoy and happy trading.
Is Ripple fully loaded?!
On the chart showed a potential scenario in the long term but possibly we will witness a full XRP reversal very soon.
We are getting close to a strong support level so let's see will it bounces up for a long-awaited uptrend.
Reasoning behind buying in this zone are daily swing low, April monthly low , daily 0.618, previous horizontal support... its has not been an all out dump from 112.4 with the bulls showing up at.0382 and 0.5
Reasoning behind target is, if we bounce in the exact spot, the target will meet up with the 0.5 and double top on the 4 hour, also...
EURCAD i am looking ofr one more drive to the upside in the region of the yellow liquidity box and then a sell off of a minimum of 50 pips. The yellow box is where many banks and hedge funds place large selling orders and we are looking to get in with them. We also could have a potential triple top off the 1.50500 region.
Double top formed, and price is resisting the area marked orange. I do believe there will be one more bounce at the bottom of the trend line so take profit could be set lower.
Keep it simple and be one step ahead.
I am new to trading and recently started to publish my analysis. Any advice or feedback is welcome via comments or in the chat. Looking for opportunities to learn new information & techniques.
I have done some analysis on the GBP/CAD . The analysis has been done on the 1 hour candlestick chart with the trendline being drawn on the 4hr and I will be keeping an...