price will go down from this resistance area, target 1.00
Good time to go long, see 123 bottom pattern. Going in a uptrend to retest resistance. Target is at 420'0 on resistance line.
Possible entry at the red circle -Long term resistance, which was broken but re-entered and heading for a retest/bounce! -Short term resistance -0.236 (long term) -0.5 fib level (short term) -RSI oversold Safe and successful trading!
So having watched this pair for a good couple of weeks, we have come back up into a previous area of support / ressistance We are oversold on the RSI and because of this I feel we may see a drop back down to previous support. I'm short at 0.78483 with a tp target of 0.77063
Daily analysis for WTI, price has currently stalled at 61.80% Fibonacci level.
if we see a close below weekly structure by the end of play then we could see some bearish momentum
Euro/Dollar Are Trading Between two Areas ( supply & Demand )
Brief Analysis on USD/CAD, Price action presents us great level to sell. Check out my CTS : 1. 0.618 Fib Retracement (3) 2. 1.272 Fib. Extension (2) 3. 1.414 Fib. Inversion (1) 4. Previous Support & Resistance (3) 5. ABCD Pattern Completion (3) Total CTS score of (12), very reasonable place to go short, hope this idea helps your trading folks. Regards Fedro Christian
We got few impulsive selling before, and today after fed release and usd weaknes we got counter impullsive buying to the key ressitance level, where i looking for bears will jump back into the market and push the price down to previous support zone @0,76
Funny because as I just put my first post in yesterday on the "All-time support/resistance level of UKOIL, I didn't think it was going to play a part already: I can't help to stop wonder: Is it a perfect short opportunity? It comes down to how strong the "All-time support" act as (new) resistance, and technically it presents itself as a textbook setup because of...
The Correlation between the EURUSD and USDCAD is -95%, this shows us that we can create a hedging strategy between the two pairs for major profits. The fundamentals in the European economy are as bad as can be as the dollar gains strength. this trend will continue as they cross
Being Monday the markets are quite active. As Harmonic pattern traders on the radar is a beautiful bear bat pattern. The good thing about this formation is that it is with the trend, giving us more confidence to short it at the potential reversal zone at 0.886 fib ratio level of XA=CD COMPLETION POINT.
I am the owner of Grok Trade and I think the market make pullback a little here. Sorry, forgot to add the trendline.
PRICE STUCK IN A RANGE. BASIC SETTUP (BUY AT SUPPORT, SELL AT RESISTANCE)
In the grand scheme of things it looks as though a shift is ready to take place. It has taken me some time to realize that shift but it is finally here. Take look at the GBPEUR to the left. Notice how its price moves are converse to that of WTI, EURUSD, and XLE. The yellow circles you see are areas where similar behavior is forming. In the GBPEUR the opposite...