I usually post 1h charts but I think this weekly chart is very helpful to every FX trader . EURUSD is in consolidation since last May in the 1.155–1.18 area. This situation is the prelude of a breakout and a big impulsive move coming in the second part of 2018 and possibly 2019. The indicators are currently looking good but we need to wait and see the breakout,...
Will this uptrend continue or break down. Im saying continuation is more likely. Either way good spot to go long. Last few short term trades listed below, targets were hit on them. Long term trade scenario below also still valid.
Decent probability conservative targets are hit even if its a continuation of downtrend to new lows. If this is continuation of a uptrend and longer timeframe reversal point the longer term targets are in play.
I think this is a relatively safe set up because of the way tech is looking as a whole. Wait for price to break yellow line for extra confirmation of trade playing out. Conservative stop is still pretty solid in terms of risk so hypothetically it could run that long and still play out. But probably best to just use the tighter stop, especially if yellow line...
The levels below are good spots for entry. The lower the better. Any of those could be where price rallies from. Targets are next levels above around 6500. Could have strength to push further beyond but likely it will pause around 6500. My long term targets for this leg up are 6900-7100s
Could short with targets at green area. Or long at the green target areas. Beware Longing though, this could very likely have much more downside than that green target range. Could go into the mid-low teens. May want to keep a portion of a short running past the target zone.
For shits and giggles. Lost the daily, need to revisit start of leg up.
The BTCUSD is due to a major move soon. The pair has been consolidating to the downside for several months now and it has been significantly squeezing until now. During the last few months, the pair formed Lower Highs and Higher Lows, hence forming a nice pattern that is about to be broken. The Sentiment Index is squeezing which is a great indication that...
We are now at Good support and we are ready to buy use a stoploss and take out some capital at each level so you can make profits Buy around $ 0.15 or you can wait for the retrace to $ 0.125 but only if Bitcoin goes to 6000 dollar again. stoploss at 5% below the support level targets are at $ 0.198 $ 0.248 $ 0.286 $ 0.325 mid/long term $ 0.45 $ 0.54 $ 0.58 $...
A breakout opportunity is forming on the AUDUSD. The pair is in a downtrend from a few weeks and has already given three very great sell opportunities. The setup was identical for all the three: • breakdown of price • breakdown of Sentiment Index • opportunities below resistance Right now the breakout could be either to the upside or to the downside so let's just...
XRP at Support now and wait for Bounce or Break at 0.25 euro! If price breaks than we will see 0.197 euro please leave comment for more info
The long-known X-Lines indicator proves that it's worth your attention. Pay attention to the accuracy with which the market has worked out an interesting price (173.83) received by the indicator.
A breakout occurred a few hours ago on BTCUSD. Remember to always follow your strategy!
A long opportunity is emerging on EURUSD 60min. • Price is consolidating • A resistance turned into support at 1.1696 • Bullish sentiment is fading. We need a breakout of the trendline Always wait for confirmation from your indicators.
As we expected, the price had corrected to 1.20 and then rushed down again. We anticipate the dollar to strengthen further and an overall decline of the pair. At the moment the body of the candle is below the level of 1,1920 and in case of fixation on this level we expect the advance to the level of 1,1860. Technical indicators are also giving confirmation on the...
Important levels for a 4-hour chart are built automatically using the X-Lines indicator. You can add the indicator to your favorites by clicking on the link below.