There is a very nice potential rally on FX:AUDUSD . As we see price has broken a bearish trend @0.7021, then made a pullback, then tested the high @0.7040 and now is ranging in ascending triangle. If the price breaks the triangle and makes HHHC, then we are in a bullish market. Our potential target is next structure @0.7096 with the confluence of 1.618 fibs...
Key: Green: Monthly Tend Lines. Thick Lines Outer Trend, Thin Inner Trend. (set on monthly resolution) Purple and green lines are possible outcomes. (120 resolution) Blue lines are points of possible trend changes. Currently seeking the buy and sell signal as price action approaches the blue line which to me states a good entry point into a short/long...
Recently bounced off 61.8% Fibonacci retracement from (A) hoping for EUR/USD to retrace to the 78.6% (1.11759) Fibonacci retracement. I will enter this trade once trend reversal is confirmed. This post is for my records only, with no fundamental analyses, lets watch the price action.
Idea is based on Elliott wave theory. More info on the chart. Good luck
Additional info: Long, bearish Engulfing Candle that's longer than the previous bullish Engulfing Candle is a very strong sell signal In fact the bearish Engulfing Candle is the longest candle in the last couple hours (also a strong sell signal) Finally - the bearish Engulfing Candle has crossed through MA 10, 20 and 50 and closed below those MAs (another strong...
I apologize for the disorganized appearance of this chart. The Red lines indicate times when the price reacted to the Fib Speed Resistance Arc. This blue line Represents a mirrored version of price action from mid 2004 to mid 2010. Due to its reactions to the fib levels in the recent past and the 10 year resistance level it is likely that GBPCAD does not have the...
Hello Traders, We potentially have a LONG opportunity on FX:NGAS based on the 2618 TRADE SETUP . By looking at the current price action, market is clearly in a DOWNTREND . But do notice that the market has placed in a DOUBLE BOTTOM at a VALID TREND LINE (IN PINK) . So analyzing this further we can see that this similar situation occured near the TOP...
This is in line with all my trades posted so far for today. Upward Trendline has been broken which is highlighted by yellow box and now it is breaking down south. Along with Yellen currently speaking in regards to rates, I'm anticipating a target of around 95.50 - which gives me a profit of over 80 pips
When only looking at multiple ribbon daily EMAs. Bitcoin is entering in a significant and historical zone: the green lime one... It's just food for thought and plain fact. PS: for more details about the dynamic my wedge scenario posted 2 months ago is still in play and is ridiculously efficient, have a look too:
BABA looking to fill gap after plotting a (mini) double bottom trend reversal pattern.
First Target : 3.42 Second Target : 3.90 (50 MA) Stop : 3.00
Please check weekly chart if you want to be more sure. Everything is on the chart! Feel free to comment :) Academy Investment A.i