The price has rejected a very strong trendline but the daily timeframe candle has yet not closed. Wait for closing above this trendline and go long. DYOR gd luck.
Recently a resistance zone is transformed into a support and the price is rejecting this trend line perfectly. According to Fibonacci retracement expect the price to double! Good luck :)
Tesla has been respecting an upward trend for some time now. The price has broken previously a strong resistance zone which has transformed now to a support zone. Buy the dip and hold for great returns!
Good Luck!
EURJPY Sell Analysis: EJ has been in a downtrend since early 2014. On the 5th June 2020 we saw the pair make a new Lower High. Ever since then we have seen bearish movement towards a new lower low.
On the 5th June, I saw the following conditions which makes me believe price is heading towards a new lower low;
-Descending Weekly Trend Line - 2nd Touch
- 4hr...
Hello everyone!
This is my analysis on EURCAD for this week. As you can see we have 2 scenarios. I will look for LONG trades if price will go higher than 1.56228. Otherwise if price will go under 1.54300 and comes to retest I will start looking for SHORT positions.
Remember to use your own entries.
Have a great week and support me if you like my work!
STRATEGY: 10-83/100EMA X-Over
Focus Time Frame: 4H
Long Term Trend Time Frame: 1D/4H
Market Condition: Ranging
Area of Value (AOV): 50EMA
Entry Trigger: Bearish Engulfing
Entry Price (EP): 1.09830
Stop Loss (SL): 1.10305
Take Profit (TP): 1.08422 (2.96R)
Analysis
On October 18, 2019 at 4:00 AM, price found support at 50EMA. Price continued to go up but...
I shorted this Market due to the following reasons:
Price is currently inside a Big Ascending Channel
Inside it, it formed recently a Mini Ascending Channel which is a sign of reversal.
Other reasons why I shorted this market:
- STRONG MOMENTUM followed by STRONG PRICE REJECTION (a Sign Of Reversal as what I've noticed during backtesting)
- Price broke below...
Strong on all time frames within this recent down trend. Looking for a long term buy on this pair at potentially 1 of 2 different level, the first zone and more recent between 18.15590 - 18.19661and the second zone between 18.02835-18.11248. The trend line imply a continuation to the downside until we reach these levels. Also, we may see pullbacks continue to...
BINANCE:XRPBTC
After breaking up the down-trend triangle pattern on Mar 29, Ripple made a really impressive price correction, however, buyers were not able to keep it's price up and now we are witnessing a price drop. Our forecast points to: if XRP gets to the 0.00007496 it will be a good area to go short until the next resistance at 0.000074265.
