USDCAD : To get a good buy position, we are waiting for a suitable candlestick reaction to the specified support range
LTCETH Expected to Reverse and Outperform Ethereum Price has been trading in a downward channel for the past months and is approaching the long term support where price has rebounded before multiple times Technicals: MACD on the daily is bearish, so may need a few days to reverse but weekly and monthly histograms are about to turn green (weekly) or reverse...
In yesterday's trade ideas we looked at this market and the support level price was moving into on the 4 hour chart. Price has now held at this area and made a small push back higher. If price can now break the intraday resistance around 11545.47 we could see another leg higher to continue the longer term trend.
There have been some solid contrarian moves in the last 24 hours. The GBPUSD is a good example of this with price quickly snapping back below the major resistance level just as quickly as it broke out. The support level of the recent consolidation and sideways pattern looks a key level for where this market moves next.
Well, price came back and we're in early. This is incredibly risky for me (I'll keep a close eye).
Probably would fall a bit more, then will go up after touching support line.
Support & resistance is really something that works in all financial markets, it's worth studying how to determine the proper way to finding and drawing it to be able to find the best trades possible available in any given time. I use support & Resistance to find direction, (you can find it on any time frame), The way this works is you connect highs and lows, as...
Hello ! GBPUSD is currently trading at STRONG SUPPORT . I think it is good time to buy for long profit . i hope it will go up . if you like idea , give me like and enjoy . Thank You
Pretty self explanatory, uses simple support and resistance as well as time resistance which influences the box's size. The time resistance zone is an area that we should see either a strong move, reversal, or even breakout. Either way this should be an interesting experiment. We can honestly go either way, up because a golden cross looks to be occurring on the...
135x is a great support level. Also Bullish Cypher will be formed at that level. If any candlestick formation or any reversal pattern will be formed at small time frames than trade can be activated. Good luck.
Everything is explained on screen! For those who keep sending me direct messages, I am a Student of the Diamond Forex Academy (instagram.com/diamondforex) and more so my personal tutor is Masum, a Top Author on TradingView, take a look (uk.tradingview.com/u/masumhussain)
Bullish butterfly has to be formed at 2202 sats. 9 sats below so i think its ok. It's a very good support level also. Stop 2165 TP ----> C Good luck.