I did this analyse with Fibonacci retracement tool and you can also see the trendline channel in this chart. TP calculated with Fibonacci extension. It feels like sellers can't get enough momentum to break this uptrend, which is why I decided to draw this. I also did similar drawings with other time frames and they support this idea. Also, Ichimoku...
This is just my personal idea serving only to my purpose. I am a newbie, DO NOT COPY. Feel free to comment :)
Oil XAUUSD & GBPUSD Waiting for the Oil pop/Rally - Stocks would go boom! It has been quite a retrace. Not even sure what is next!
$GDX Looks to me like it is going through a 2 and half week to 3 week consolation cycle before continuing its rally, that started with a breakout and subsequent bull market end of January, start of February. (Which was right about when I got into trading more seriously.) I am unsure of which way to go here. This Brexit thing has been an incredible learning curve...
Waiting to break out either one direction , maybe going down or up , my guess is short ~ pls leave ur review and comment pls , i appriciate ur golden comment , so that i can learn more
1.The chart jumped a bit up while ChandeMO is over 0, KnowST and Macd signal Lines are below the main lines. 2. EMA's (14,9,5,3) changed their order as for further up-movement. 3. 111.4961 is a target, i guess
Looking at some support/resistance levels, waiting for the continuation of the downtrend amid all the Brexit controversy. Split my position into two, one closes at 1.4085 and the other one I will wait to go to 1.385. Eventually looking go down to the 1.385 levels, even as some predict to 1.36. Simple trade, newbie here.
(short term) see your cursor don't make yourself error because the hammer make trend the upper
HD closes with a second bullish retest gap in 2 days closing at minor resistance level from mid OCT and NOV of '15. The fact it follows a morning star reversal adds to the bullish sentiment of the past few days. However, the most recent candle closes on the SMA 200 which could prove to be a resistance point as well. If next candle breaks out of the SMA 200...
Potential move to the upside to previous pullback highs, we are in great area to look for pullbacks.
Simple & stupid analysis..I trade my own style..this is what i see / imagine.. *newbie
I'm new to forex, and this was my first attempt at analysis on this pair. I decided to (theoretically) short yesterday after the pair hit a key daily/weekly resistance area and failed to break through. This together with the fairly symmetrical triangle formation printing added further to my believes that the pair was due to fall. I'm still in the early days of...
Saw a similar image somewhere, so I tried to mimic it :) Anyway this is pretty much my logic when I started trading 15 years ago. Any one recognizing them self :)