GOLD broke key support on 4HR chart recently and confirmed the BEARISH move by retesting the area. With a flag formation forming you can be sure GOLD will drop to at least 1325 to 1320 where previous support was established.
The BTCUSD has made a blow-off top after a parabolic advance to just a couple hundred dollar below 20,000. The parabolic rise is very typical to all speculative bubbles which I have seen multiple times in my life. This parabolic advance has trapped a great deal of unsuspected speculators which creates heavy overhead supply. I see price finding resistance at the...
Dear Traders & Followers, There is a possibility to go short from when price retest the trend line to the level of or 81.50,74.00,64.50 . ( LONG TERM ) Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team
Price break the wedge and now retest. opportunity to buy. we have bullish divergent as well
I entered trade on a 15m morning star bearish candle pattern @ 1.1966. TP @ 1.1825 previous sup/res level. Macd Blue line is about to cross below 0 level line. Trade is good while price remains below 50 sma and Macd 0 level line. These can be used as your SL signals.
Price is moving higher towards the 50 sma. Entry will be on a 15m chart with a Break-Hook-Go above the 4H sma. TP is the previous high @ 1354.14. Macd Blue lime to cross above the Red line & the 0 level line.
I spent the majority of the past few months being very bearish on the USDCAD, even up to a few weeks ago as we violated our previous structure lows. The market gave us no follow through, consolidated and has now given us a bullish rotation setup. The area in which i have on my radar is a retest of the previous structure highs that were recently created followed...
Few days ago we posted an idea of that pair. Now, price is testing the level that was broken yesterday. Dollar is showing a rejection in that level, so we can expect a new bearish scenario. Check my USDJPY idea-->
the pair breakup downtrend + retest + double-bottom
Trendline has broken and retested. Big volume in the bearish candles. The market also cross and close below EMAs. Sell according to the plan. Kind Regards, Michail Sideris
Price broke below the consolidation channel, has retest the broken structure and took the heading to the lower structure
buy on 61.8 level. But watch price action first or smaller TF
Hello Traders, I hope everyone had a profitable week. Here is something for the next week.. AUDJPY is in consolidation zone in a rectangle channel since last few days. It seems like price is resisting and will make downward move to retest the support area. Latest Engulfing Candle on resistance level and an overbought RSI indicate short entry.
Entry: 0.73180 - Bearish breakout of previous bullish trend line - Potential reversal from bullish to bearish below 0.74000, key resistance zone - Retest of the trend line to go short Stop: 0.74050 - Placed above previous high and 0.74000 Target: 0.69200 (+4.5R)
Potential XABCD pattern has been confirmed....price has broken out of trendline and should finalise the D pattern.