Triple retest + rejection at supply on a Lower High (LH) with nice bearish momentum on the candles. Looking to take it down to support!
Higher low channel formation on EU, quite a nice hold at support and bull momentum swing upwards. Looking to target previous highs as first TP, going further to 1.1220 area potentially. Overall, on weeklies we still maintain a bearish bias, as price is trending downwards without a clear reversal pattern indicated as of yet. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
price after touch the A nod, can go higher than 0.7440 .
I wanted to take a deeper look into USA and Canada. When looking at techs and fundamentals, there looks like there could be some space here for a run as we go through our interest rate spikes etc throughout this year. On the daily timeframe, I doubled the ATR for my stop loss and the target is near the 60% area which is where the previous high's are on a higher...
Gold is continuously in triangle range. Can say poll kind of pattern creating after good long run. But this is my personal view, and I have a right to be wrong.
i think eurusd is stuck in a triangle and two paths that i show maybe works for the rest of week and im looking too sell on that area or if eurusd break his triangle and confirm that im looking for buy but its probably wont happen plz share ur idea about eurusd and tell me what you think about my idea i hop have profitable day this week
I am waiting for pullback. it will be happen Otherwise i will enter After the resistance broke.
For those of you who trade on Binance this chart is of more interest. With BTC, ETH and BNB being the major trading pairs on Binance it's good to understand which of the three is outperforming over time. While ETH has been outperforming both BTC and BNB for some time, over the last week we can see in this chart that the tables may be turning towards BNB. Both the...
I want to keep this as simple as possible. It seems like we are in a consolidation area. I want to see if price will continue to retrace the smaller high's and low's within the red horizontal lines. I'm thinking the usd may be suffering due to the imbalance of imports and exports. This is just an idea and may not be correct. I would love to see another breakout to...
Although we've been on a bearish trend since March, there has been a few moments where price has tested its previous "lower" high. As you can see by my triangles, price seems as if it is ready to retrace the previous high. On the 2 hour timeframe, I saw a strong bullish candle cross the 200 day ema with the current candle opening above the previous one. Last time...
Important things to note: BTC Flagging for another push. Altpairs led by ETHBTC are starting to move. ETH completed IH&S and moving up, alts will follow once bullish trend established. (over 4024). ADA is range bound in slight ascending channel. Ascending channel creating basing pattern. Expecting small break to downside followed by bounce. Bounce will create...
Now is pullback. this is a retracement to fall LIKE AND COMMENT
This post is just an update on how my previous post is playing out. OB.1 has been reached, time to let it dance towards OB.2.
Technical Analysis: The pair found buyers around the 61.80% Fibonacci retracement level which led to a move upward and it violated the highlighted zone. We are expecting a lower correction toward this zone before a new move upward in the same direction of the main trend. ------------------------------------------------------------------------------------- Trade...
Technical Analysis: The price is bouncing inside a bearish channel formation where we have a downward movement. A higher correction could be seen to the higher end of this channel. The sellers will join the impulsive wave to the downside after the pullback near the trend line resistance....
Technical Analysis: The price found sellers around the 50% Fibonacci retracement level which led to a breakout of the bearish pennant formation to the downside after posting a head and shoulders. A higher correction is expected around the 87.96 USD mark before a selloff all the way down to the target...
Technical Analysis: The price succeeded to break the bullish wedge to the upside. A lower correction is about to be posted around the 0.7466 USD mark. This could cause a reversal and a move to the upside in the same direction of the main trend. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @...
Technical Analysis: The pair has posted a correction count to the strong support around the 1.7038 USD mark where it found buyers around the 61.80% Fibonacci retracement level. The market moved little bit higher but we expect a lower correction before a huge rally to the...