Harmonic downtrend (green trendline) since double top in 2013 and 2014; has been trying to find a base in the 40's but is now in the 30's looking for a base. Currently at high for short-term and long-term and has high probability to fall. RSI confirmation @ 65. Historically, RSI here has done well at signaling short entries. SOHU is currently in short-term...
Hi traders, on EURNZD we recently broke into new lows (since mid2015). The next level of daily structure is way down at 145.00 flat. In this case we can see price "free falling" downward, so there's no space for big retracements that allow us to enter the market at good levels. We can see though some simple pattern formations that let the price breathe and give us...
Good evening, trading the trend is simple and there are nearly infinite of Trading chances! Here I've got you a simple option to follow trading the trend and the correction . If you follow the rules which postet in the chart itself it should be possible to make some profits :)
On the rise and shall reach 1.47 level had huge drops because of news and over selling. Price is well below both EMA's TLs are broken.
Price should continue into an uptrend for the week, DXY index also shows signs of bullish behavior
I am short in NZDJPY. Open : 74.517 TP : 72.935 SL : 75.235
Check the Chart Quick Analysis, not a lot of Text :) Let me know what you think guys
Price sell below 1.2900, a significant support level forming a range. Simple idea. Buy at bottom of the range and sell at the top. Only thing to caution is, both top and bottom have 2 touches, so this pattern has less lower probability of working.
I always say each candle pattern there are no need to stereotype, no need to be exact pattern we must imagination
Looking for a retest on the support level which will hence signal a bullish momentum . use proper risk management . Simplicity is key to success . keep it simple and you'll be winning at this game . thank you all . Much love and Blessings .
Looking for a retest on the support level which will hence signal a bullish momentum . use proper risk management . Simplicity is key to success . keep it simple and you'll be winning at this game . thank you all . Much love and Blessings .
Looking for a retest on the support zone which will hence signal a bullish momentum trading off the channel . use proper risk management . trade safely . Thank you . Much love and blessings