Euro for the win! Picking up back its momentum this week, while us dollar is losing strength... Price in a strong uptrend, & price retraced back to 61.8 zone before shooting back up! Consistent higher highs and higher lows. Next weekly target @1.1950 Lets get these pips!! : )
Retracement back to 61.8 zone after yesterdays bullish move making a higher high. Now looking to form a new higher high at 132.00 zone.
Great setup here, price retracing back to zone' (Yellow Rectangle/Higher Low) & retest uptrend line, before creating a new higher high. Next zone target at 119.00 Good luck & Trade with care!! -eazywayout
A few confluences that are giving me a long bias. We have the weekly ascending trend line being respected, higher highs and higher lows, and price stalling around the 61.8% Fibonacci. Also have 2 confluences for the target of 1.40000 being the monthly high and falls in the line with the -27% Fibonacci. Please feel free to share your thoughts. Thanks.
After a nice rally up and a small retrace there's a opportunity for a long position. We can see a HH and a HL, we could be looking at another HH which could lead to some nice opportunities. Let's see what happens
The previous trade didn't go as planned, so why not another try! With higher lows and generally good Candlestructure the trade looks very promising, Ideal entry would have been 1.29 (still open bids). The Entry should be around the Blue Candle ( H: 1.30512, L: 1.28737) where it shows strong buy support The Final TP area is around 1,47499, but taking off up to...
Engineers india if break 187 then new high 198 if not break then play with support and resistance, and touch 198
FX:EURUSD Price seem rejected from the ascending channel resistance and initial support would be the Monthly RES @ 1.1350 with a 61.8% Fib Level , it gives an extra confidence for the uptrend bias. Meanwhile price also maintained above a rising TL (black color) & price will be having the 3rd touch on it with either a break/bounce we're ready for action....
In this idea I show you how I trade swing failure patterns. This is good for any time frames but lower time frames are preferred. Very simple idea yet works pretty nicely. Let me know what you think.
Macd pointed out a pull back before taking of So now its actually a breakout. [
BLACKBERRY SO FAR THIS YEAR HAS BEEN NOTHING BUT HIGHER HIGHS AND COMING FROM A BOUNCE FROM THE HIGHER LOWS( SUPPORT) THIS WOULD BE THE PERFECT TIME TO BUY AND TRY TO CRACK THAT DOWN-TRENDING RESISTANCE LINE. THIS COULD REALLY GO TO THE UPSIDE WHEN IT PASSES 10$ PER SHARE. MY OPINION IS THAT THERE WAS A BREAKOUT AT 7.95 ($400K BUYER AT OPEN) LONG AT 8.50 NEXT...
On the daily chart there is a clear bull flag which is also testing the previous top in September, this chart has passed over the 50ema and is forming higher lows. My stop will be at $8.40, and in the morning I will be looking for a red to green move, or a breakout above the previous days high at the 8.80 level.
I have gone back to basics with this analysis and using simple price action to illustrate how higher highs and higher lows help build a bigger picture. What I have also done is highlight simple structure analysis which every trader in my opinion needs to understand to be effective. Price is currently sat at Daily Structure. I lean towards a more bullish bias for...
Bitcoin has now established a strong support area in the $210-230 range with a solid double bottom formation and higher lows, higher highs being formed at the moment, setting up a solid launch pad for a bullish rally. As we can see in the last major bull run, there was a period of tight consolidation followed by a pop up and some more consolidation, which is what...