EURJPY has been on the rise and has hit a clear resistance, waiting for another bearish candle then will enter with a short safe target at the 0.786 fibonacci retracement level. Risk management essential as always
This is definitely some wishful thinking but I believe BTC and EOS are turning the corner. We have seen two waves of Higher LOWS after many Lower LOWS. The Wild Card is definitely the breakdown of ETH. With $20B of ETH in the market plus all the ICOs who knows what will happen. Meanwhile, I can draw charts that let me see what I want to see :)
Hello friends! At the moment, on the timeframe DAILY, the figure "head and shoulders" is quite clear. The target point is at the level of 6000-6050 $. Let me remind you that "H&S" is a figure from the number of reversals and after working out this figure it is quite possible that we (BTC) can go further Up. P.S. However, if we look at the next of our forecast,...
After a period of corrections it looks like Gulden is ready for new highs. The traded volumes where allmost flat-out, so it looks like the correction is done. We build energy to make new highs. We reached on the downside an older support/résistance area, so this could be a good turning point
Inverted Head and Shoulders had formed at 9am eastern time 12/19/17 Changed analysis for a long based on previous Daily close. (Flow with the market not with you bias news can change the course)
Is it time now? If it closes above this trendline by the end of the week, well worth watching and keeping an eye out for entries intraday and daily.
Down until hits the bottom at about 4.6 euros, then uptrends at least to summer of 2018.
Hello traders, Today we want to share with you our TVC:SPX perspective as it starts to flirt with a very decisive zone at around 2400-2450. Currently market seems to be a very decisive level for the market weather bearish sentiment will kick in soon or not. Current fundamental important facts to consider: FED rate hike (rate odds jumped in previous days...
Note: AUD/JPY didn't follow what we plan last week, so we didn't trade this pair. Now, we are bearish on this pair. There are 3 trading plans for this trade: 1. Wait for price correction near the resistance zone near 86.2x level, followed by a bearish signal to short. We can short with right risk amount. But the chance of the price correction to this level...
Note: -Recently, NZD/USD breaks the upward Trendline -Besides, there is a formation of Lower High- Lower Low-Lower High formation. There are 2 ways to trade this pair: 1. Currently the price goes up and touched the upward Trendline and followed by a bearish bar. It might be a signal to short with high R/R of 1:2. Can enter this trade but only small risk...
Hi Traders, Happy Thanksgiving to all of you. Trade with care. Got into a few positions but market is not moving much. Have a early rest then. seeya
All USD Pairs to me right now suggest at least a pause (or close to one). Here is my updated EW count on the USD CHF. Can never be positive about a turn but that 1-hour candle has a long wick to it.
As We all know nothing goes up/down in a straight line, and with all the bearish sentiment for Oil and CAD we are sure that the turning point is near. Of course, one of the most important rules is not to try to catch the turning point (TP) "do not catch a falling knife" *****So we are not saying to short USDCAD now****** In the monthly chart it is clear that...
Both #GOLD and #SILVER are in correction phase for exactly 4 years now which looks like ending very soon. Bullish Divergence on both metals is already giving strong signal of Bulls getting ready for longer term... Keep eyes on it !!
So far we've failed to reclaim the downtrend line from the all time highs and created a broadening formation that has produced multiple whipsaws and inflicted damage to both the long and the short side while clearing out stops before the next move occurs. If 2130 is reclaimed, that locks in a corrective structure from the all time highs and virtually assures new...
Good morning everyone. We currently stand poised at a major inflection point that would appear to be the dividing line between new ATH's or a trip back below 2040. Greece is saved 'again' and all seems quiet on all fronts at present. This makes one think "well, what could possibly go wrong?" Below is the link for daily/weekly market projections and commentary....
We've extended marginally above our ideal target zone for both time and price, but there is no reason to doubt that the current rally is nothing more than a corrective bounce at present. A break above the overhead resistance and a challenge of the 2130 level would cast some doubts on a more extended decline. Here is today's Market Structure Projections and...
... but with some rest of little fake potential