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We saw this pair break bearish yesterday and break the trend line i have plotted. You can see price broke below that and retraced at support. Price is currently at 50% of that bearish breakout. We MAY see price break lower as divergence is also evident. Having said that, we may see price retest that trend line before a potential bearish move. If price re tests the...
as we can see here, in the past weeks due to the sudden weakness in the dollar, it has allowed gold to gain sudden strength and break through a previous descending channel trend, into a very strong breakout which has broken multiple resistance levels and has now reached a major resistance level. this levels has once been tested by the market and then the market...
We have been looking at the resistance zone ( red box ) for a couple of weeks now ( if you see our previous USD CAD trade idea ) and we have been waiting for price to retest this level... price has finally done this today so now we are looking for movement down to our support zone ( green box )
Again we are keeping it nice and simple and not trying to fry your...
. NEO/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
. There is a possibility of temporary retracement to suggested support zone (11.1856 to 8.4295). if so, traders can set orders based on Price Action and...
Why is EURUSD correcting lower after such an impulsive breakout?
Firstly, we have nothing in the way of major economic releases or ‘news bombs’ to send the major currency pair in either direction.
After an aggressive turnaround in stocks, we have seen the market relatively flat this week as we consolidate...
Classic, simple trendline break trade.
It is good to wait for a lower low to be made for the trend reversal to be confirmed. Then I like to enter on the next lower high for a better R:R entry.
Use the 1hr 50ema and daily pivot as dynamic resistance once both are broken and the retested from below.
NZDJPY WEEKLY on the left, we closed last week as bullish engulfing
H4 on the right, tapped off fib level + bullish engulfing candle, I expect to see a bullish move!
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not...
We can see price has just bounced off our support level and no we can see a bullish run up to our resistance zone ( green box )
This analysis lines up or correlates with an oil trade we have on, this is because as the price of oil goes down this pairing goes up ( inverse coloration ) if you want to know more about why this happens then inbox me or use google ;p ...
Price is currently at a very strong monthly, weekly, daily and 4H support so we can only see bullish movement from here, This will give you a free 60 pips and will start your weekend off to a flier so you can use the money to p#ss up the wall or spend it on your secret fancy women to stop her running and telling your partner ;p.... Apex FX saving relationship +...
Circled you can see where price tried to break support but failed and bounced back up, And as you can see price is currently at this support level again so we are going to sit back and watch what price does before jumping in this trade.
A break of such a strong level could see price make even more bearish movement whereas a bounce could see the bulls take over...
Here we can see a clear trend line ( TL ) marked out that has been used as previous resistance and now turned support.
We are expecting price to keep bouncing off this TL and following it down in a bearish movement.
We are keeping this 1 short, sweet and simple as that is the best way to look at charts and learn.
Most of the information on the internet to do...
We are expecting a bearish short term run on this pairing, as you can see marked out by our arrows that price has touched this trend line more than a 40 year old virgin touches his.... Xbox controller ;p ( I was going to say something else but I don't fancy getting banned just yet ) haha.
Price is currently sitting at this trend line and the current candle has...
XRP has already broken out of its daily/weekly triangle pattern and had a golden cross, signalling the beginning of the next parabolic run. Since the golden cross weve just been ranging forming this perfect triangle, the emas are all squeezed together, which is just screaming BUY. Lets see how it plays out.
Price is showing bearish momentum with bearish divergence is evident. We may see price break lower.
Stop loss - Red line
Take profit - Green line
Take profit level will be adjusted to how price reacts and moves.
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