trends

BTC pennant from ATH is coming to a close and is looking to make some big moves. Break above descending trend line could lead to a breakout potentially pushing new highs but a failure to break downward trends could lead to lower-lows.

10k by july: Green bar shows strongest long term support, I don't think we will break below it but I could be wrong. Strongest resistance shown in red, over the last 4 months they have been hardest to break. The white lines indicate in theory how early/late we could breakout to still reach 10k based on the move from long term support to 10k in early-mid April. It ...

BCH not looking likely to break trend from recent high and facing key resistance at .154. Fast descending trend line was broken at .124 where we bounced off of strong support. However, I suspect that we stay under the downwards trend and head towards support at the bottom of the channel, likely retesting .124 again.

Hi guys, not so much on my charts these days (at least for my eyes), but i've been able to find this nice setup on the hourly chart. It's a bearish bat formation that's going to complete in a strong structure level (both daily and 4H) and i'm going to get in as soon as the price will touch the D completion point because of the higher trend and because it's a nice ...

Hi guys, on the daily chart EURNZD is in oversold condition and it's also testing a key structure zone. That's why i've highlighted the yellow box that you see above. In cases like this, i like to go on smaller timeframes looking for additional clues to take a trade. In this case i've found multiple hints: first of all, on the 4H chart we can see a couple of ...

Hi guys, very simple setup: a Gartley pattern on the 4H chart that's just been triggered. I wasn't on my computer so i'm placing my order now, if price will hit the D point again, then i'll be in. Make sure to put your stop loss below the X point. As for targets, i've used as usual the 38.2 and 61.8 Fibonacci retracement of the AD leg. If you have ...

4th wave end. It could make a more complex structure, but if not the 5th wave Impulse could emerge. Do your own Due Diligence. Goodluck!

- See thumbs up, 5 day MA moves upwards cutting across the 10 day MA. (1st Bull Signal) - If the 5 & 10 day MA's continue upwards and cross the red 50 day MA (Buy Signal) - See fib level 0.7 & 0.3 for key price action areas - Use other fib levels for Stop/Loss & T/P

Pair: XAU/USD View: 4H Time: 06.24am OBSERVATION: After closing below the 1295.00 support zone the pair was not able to fully break out and ended up retracing back above support. This morning we saw a close outside the resistance trendline, which was also retested however, the last candle closed well above. This triggered by long trade with my first target ...

Fibonacci Ratios - 0.786 / Price level: 1310 - 1315 - 0.382 / Price level: 1290 - 1292 See these as key areas for price action, so buy or sell orders could be placed here if the below indicators are fulfilled. Could also use 0.236 & 1 ratios as positions for stops etc Moving Average 5 Day (GREEN) - 5 day moving average has cut across the 10 day moving ...

As highlighted in the chart , the Aussie has been trending in a nice bullish channel on the weekly timeframe since Q3 2015 and we are currently seeing a test of trendline support which was last tested in December 2016 and preceeded a bounce from 0.71 to 0.76 Looking forward from today it would not be unrealistic to expect rates to cross the centre line which ...

Long term support held with sunday open gap, expect a good risk to reward ratio, couple of k by the middle of next week

Hi guys, this is the hourly chart on EURJPY and i'm taking this long trade because of several reasons. First of all, we're in a strong supporto zone on the daily chart and we're also creating a nice divergence on the RSI there. Then, if we lower a timefeame (4H), you can see a couple of pinbars (candles with long wick to the bottom) signaling buying pressure ...

As we have retraced so far how much further do you think this will go who knows i believe the bottom was going to be $7600 and my ultimate bearish was set for $7200 maximum, if you look at the charts you can see some one has sold a lot of BTC and bought back in possibly waiting to see if we bounce from this point but there was a massive spike in volume.. This is ...

Possible long term short, with a potential short term buy

I think EURAUD still remain 1 movement to the downside until next support region. At this moment is completing the flag to continue drooping. Let's wait the breakout to enter short at least 70 pips more. Money money... Bless

Hi guys, this is a simple trading setup. It all starts from higher timeframe, specifically daily, where we have a downtrend and a retest of the broken support that could now turn into resistance (yellow box). Given that, we all know that this is a key place to look for trading opportunities because it could yield great results with the help of the master trend. ...

Hi guys, there are several reasons why i'm going long on this pair. For starters, price is testing a very important structure level that you can see both on the daily and weekly timeframe, and in doing so it's creating a nice divergence on RSI on the daily. Moreover, if we lower a timeframe, we can see on the 4HR that we have two engulfing candles (one after ...