Can see the breakout on the chart, should manage to fire down to existing support over the next few days
Looks like this is worth the trade, closure below this point where the 30m trend line meets the neckline. TP 1 = 135.236 TP 2 = 134.885 Short Term Trade
that SL is good for now)) Lets see how deeply we will go
Just an idea that gold may reverse due to it hitting a previous strong support level and if my analysis is correct it should come back down and retest and then fly 🚀
Watch signifies patience and so will this stock to reap. Wait for the re-trenchment to the POC level in green channel .
The past 3-months' pullback seems to confirm the bearish breakout. RSI is currently just above 40, and a drop below 40 is needed to further confirm the breakout. Stochastic is currently under 20, the pullback was so quick that the stochastics did not show a retracement.
Rejected off the 0.382 fib. Has broke the resistance trend line.
After bearish last week, usdcad have potential to bull at 0.382 fib.retracement. i wait for 3 days of candlestick, confirmation for bullish opportunities.
1. Waut for the retested in the imbalance zone. 2. We have two option to entry. Option A : -The first red line with 50 pips Stop Loss Option B : The second red line with 30 pips stop loss
This analysis was mainly based on the Wyckoff Theory and price actions, i've notced over the few weeks that the market has taken out alot of buy orders in need to make the next trend. Question is what will happen next ?
After being being held down for almost 2 months, I now expect this pair to correct to the upside! We have strong MACD divergence on the daily and weekly charts at this key area, as well as 2 daily closes showing price is holding strong! 1Hr chart is showing signs of a reversal and is holding firm about 50 and 20 EMA I am looking to Take Profit at 50 EMA on the...
We need a spike to the bollinger bands with what hopefully will be a rocket followed by a subsequent 50% pullback, retest of previous high. We are trending down on the higher time frame and with this many rejections on the lower time frame it just makes sense to go with the flow (get it)! If you don’t know why Humpty Dumpty fell off the wall then......... get...
Taking a quick scalp here, entry is at .8887 and looking for 30-40 pips from here. Will be looking for shorts once it’s there for a swing trade. Let’s see how it plays out. Stops 10 pips below. Don’t risk more than you need to.
Looking to have GU fill the gap here. Overall I’m bearish but we need to get a spike up with a little divergence to continue to the downside. More than likely we will get to mid bollinger banda and find the set up from there. Stops are already at BE. Let’s see what we can pull during the Asian session. Cheers to a prosperous week.
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