Some analysis on the $TLSS bullish trend. Strategy very much dependent on news of acquisition of Cougar Express, Inc - “The transaction is scheduled to close no later than January 15, 2021” Announcement may be delayed till next week which may trigger a sell off with 2 key resistance levels at 0.053 and 0.044. Strategy - average down by buying the dip and holding...
Gold hit a major resistance zone that turned support today and it's looking bullish. With further confirmation, long positions can be opened to take profit at the first resistance zone then if price shows bullish momentum, we can look to take profit at the second resistance zone.
This pair is a definitely a Long trade. Looking at the previous time frames with 1 Day and the market is trending up, On June 9th 2020 the market has touched the 0.70374 after a 31st December 2019 and has crossed the resistance level for a 1 Day chart.
As it is trending high the market would touch the next resistance point at 0.73726 before the trend reverse....
GOLD - Ascending Wedge Long! After price has been forming an ascending wedge formation over the last 3/4 days, and price has failed to break and close below the bottom of the wedge, I am taking a long position with a great R:R of 1:5 and if successful, the trade would result in +210 pips.
On the contrary to my last idea.. If the support zone holds, simply watch for a break and a retest. SL in or below support, and take profit just before the next key level.
Failed to keep that higher high at "A" platinum heading south to find more value
Staying above 960 would be quite good as we will have just one more higher low on the chart which indicates uptrend.
Failing to hold these levels we are going to find support back to that buy zone at 950- 956 BUT we do have a head and shoulder pattern forming as well that doesnt...
Higher weekly time frame we identify a bullish flag pattern after an impulse from its third touch confirmation. Zooming into the lower time frame we can see a bearish descending channel approaching its third touch confirmation. Further looking into the 4hr we can see a bullish flag pattern within the descending channel so perhaps we need to be ready for a...
After being stopped out at breakeven on my last EURUAD trade I am now looking for a second entry.
The bearish 4hr trendline has been broken and today a higher high was made on the 4hr. I am now looking for a long trade on the next higher low to take advantage of this new trend.
All analysis is marked on the chart and my entry is going to be around 1.57650 if...
LONG POSITION:
Weekly has now formed a bullish engulfing
pattern at 61.8 level as well as bouncing of
the Weekly Support level of 1.31200
and officially closing above the Weekly
Resistance level of 1.32600
I am now expecting an upwards trend continuation
to the Monthly Resistance level of 1.36500
Swing traders that use the daily and 4 Hour time frames
I...
Here we see two options;
1) a Long opportunity using the Ascending Triangle Pattern.
Here we will wait for an upward break back into the support line.
We then anticipate a rally up towards .72800 and prepare our entry and exit strategy.
2) a Short opportunity using the Double Top strategy.
Price retests resistance line twice but is rejected back to...
Got into this earlier in the week. Note the large Bullish candle breaking and closing above the significant resistance, and then a smaller Bullish engulfing rejecting the other side of this level as support. Reward, as always, is 2 to 1.
XAUUSD long trade
1H major trend line rejection
1H major support/resistance level rejection
1H MA200 rejection
Price action confirmation
50% Fib retracement
Daily momentum up
