After offering multiple SELL opportunities over the last year, the EURUSD pair is consolidating once again on the daily timeframe. Similarly, the RSI Exhaustion at the bottom is consolidating. Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend...
After a significant downtrend from 1.20 down to below 1.00, the EURCHF pair is now consolidating on the daily timeframe. Similarly, the Sentiment Index at the bottom is consolidating. Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation). The...
The CADJPY pair might offer soon an interesting sell opportunity assuming a trend continuation scenario. After a recent uptrend, the pair is currently moving between a major resistance (downward pressure) and a major support (upward pressure) with the latest move being a significant downtrend. A SELL opportunity might form if: The Breakout Pivotal Bars turn...
A breakout opportunity is forming on LTCUSDT. The pair is currently consolidating after the recent downtrend that formed several tops and offered multiple selling opportunities. Price movements are increasingly compressed and will eventually break. The same compression is building in the RSI Exhaustion indicator at the bottom. As of now, the breakout could be...
As expected in the last post(linked), we have seen further weakness in the stock and still, the price structure of the stock does not look promising. Immediate resistance for the stock: 705-720 Immediate support at 655-650
The USDJPY pair is offering a short opportunity after having formed a double top followed by the current retracement. The target is the current major support, around 134.00. Remember to always look for confirmation from the indicators!
Welcome back! Here's an analysis of this pair! **CADCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in...
Yday we tried to extend out of our Key Resistance at 4143.75-4137.50 and as mentioned pre market holding above that level should give us a test of 4168-4162.25 BUT reaching T+2 high at 4179 was the what we were looking at for continuation higher which we failed to do and came back in under our Key Resistance which was the first sign of weakness, we did sell off...
Friday we got a close in the middle of our 4143-4077 range, Globex failed to continue lower and break 4103.25-4099.75 level and reach Key Support at 4084.50-4077.25 instead we got a push over our Key Resistance at 4143.75-4137.50. Question today is do we hold above our Key Resistance and get continuation higher or do we come back in? We are currently inside our...
This support and resistance structure forms the framework within which our trading timeframe price action will move. A breakout of the structural framework support or resistance will lead to price movement in the next area of the framework.
How far back in time should we go to find Support and Resistance levels? Realize though, the further back you have to go, the more time has elapsed since price was last there. As Support or Resistance is a result of trader decisions and actions, more elapsed time usually means it will have less influence.
Strong levels represented by solid lines. Less significant levels represented by dashed lines. Trendlines represented by slanted lines. More often than not, price action is choppy with much overlap between candles. Strictly following definitions for swing high/low could leave us with a market structure that is just unworkable. Our intent is simply to identify...
TGT (Target), consumer defensive play crashing on bad earnings and inflation concerns.... Weekly chart. Now oversold. Can we go lower? Here are the levels I'm watching to enter: - 139.30: I'll be buying if we reach that level. If it holds it will be a long term investment for me. If it just bounces and drops, I'll be selling and looking for the next level. -...
Support is an area in which demand overcomes supply, limiting downward price movement. Resistance is an area in which supply overcomes demand, limiting upward price movement.
Support and resistance are created by the decision making of market participants, as they operate within an environment of uncertainty. Decisions to buy or sell are made through referencing current price against previous areas which caused significant emotional response, in particular those areas which led to regret of missing out on opportunity, or those areas...
*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only* ========================================================== Today marks 12 months since my last KLV chart... Looking prime to ride. My strategy remains the same, long-term hold. Using naked price action analysis: 🔸 ATH , Volume , support / resistance zones, channels and levels 🔸 For Trading:...
I think the war will slow down and agreements will be made, making this dump. Chart is for fun, just want to make record of my analysis, GG :)
Hi everybody, here is my BTC TA for the coming week. It indicates all levels of relevance. The areas surrounded by thick grey lines indicate large high volume areas. The "zones of interest" within those areas indicate high volume zones which attract price. The POC and NPOC levels of course also serve as a good reference point for where price may be...