Very nicely structured price action on this pair. Price has broken a major support/demand zone and has formed a bearish flag pattern. Candles have broken below the support line of the pattern and should continue falling. Here is the play I will be taking on this trade. P = 1.09520 SL = 1.09743 - 25 PIPS TP = 1.08482 - 100 PIPS
Here are the past 7 weeks of PVI Volatility Ranges for SPX . The Ranges are computed every weekend from a myriad of data points and ratios (Index, Volatility variations, SKEW, HV, IV, etc...) We compute the ranges on the weekend, along with our roadmap & Game Plan for the week ahead. Some of us enter their first tranche on Sunday nights or early Monday (depending...
Bitcoin can't break the resistance key at $30.250 in the short term, it can be down move to $25 or $22k, nfa
Price has broken below a major support zone and has also formed a long wick bear candle that has rejected the 8 and 50 period moving average. I expect price to fall a good amount of pips. This is a long term swing trade that most likely will take days to play out.
Price has broken a support level and created a downward wedge pattern. This by default is a bullish reversal pattern. However price is still below the 8 and 50 period moving average. Along with a Long wick rejecting sellers at the old support now resistance zone. I will be taking this trade short for a good amount of pips.
Price is falling very similar to the EUR/USD and for the same reasons (dollar gaining strength due to interest rates) I am selling this pair as I expect price to continue going down this week.
Warning! Possibility of bitcoin falling in the weekly period to the specified areas due to being in the uptrend channel
Price is in a major downtrend. Price has broken support and retest it as resistance. The bears have shown up to the party and its looking like they will be there for a while.
Price broken out of a falling wedge and has continued making lower lows and lower highs. Price also retracted from the fib golden zone. There is also a downward moving average cross with a massive momentum bear candle on the higher time frame. I expect oil to reach the next support level.
Weekly momentum remains bullish although the current week had a bit of a rally to the upside. The previous weeks lows have also been broken which signifies selling momentum overall A bullish push on the daily timeframe has allowed for a discounted entry. With the current days candle already looking like its about to flip bearish, selling positions look probable...
GBPUSD is currently bearish on the Higher timeframe(4h+) but bullish on the lower timeframe(15min). I have marked out two zones that will be great opportunities to sell if approached. If a lower timeframe confirmation is seen I will enter sells. Remember do not stick to predictions but REACT!
Following the rejection at the $45,000 overhead resistance, Bitcoin’s (BTC) price has resumed selling pressure. The bears succeeded in breaking below the $41,800 support which resulted in the current downtrend. On the daily chart, the BTC price drops sharply below the moving averages, signaling the resumption of the downtrend. Today, the largest cryptocurrency has...
GA has been hitting this resistance zone for a while now. I have technical confluences that show a strong push to the downside. There’s an evening star on the weekly TF, printed on a resistance zone, & showed a perfect rejection on the y1.8 % fib!
PayPal - Short Term - We look to Sell a break of 179.11 (stop at 201.11) Posted a bearish Flag formation. A break of 180.00 is needed to confirm the outlook. Closed below the 20-day EMA. There is no indication that the selloff is coming to an end. This move is expected to continue and we look to set shorts at good risk/reward levels. Our profit targets will...
GBPUSD Rallied up to an -OB. Shifted, now looking for price to target the BIG GAP or "eye" emoji areas. Ill try to keep updates on the trade and potential re-entry.
Aud/Chf is currently in a downtrend on the daily timeframe, Price has rejected the 61.8 Fibonacci level multiple times and now has a very large engulfing bear candle. Here is the play I will be taking on this pair: PAIR = AUDCHF - SELL ORDER TYPE = SELL STOP (PENDING ORDER) LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 0.65143 STOP LOSS = 0.66103 = 96 PIPS...
As we can see we have a downtrend on bitcoin leading us right back to the major support level, we will be looking for bullish confirmation from this level and if not then the level right below for bullish reversals. Remember to always trade with a plan, don't ever risk too much and be patient. As usual, goodluck and happy weekend traders. CJ