AAPL back at good level of previous support and resistance. Also lining up on uptrend support and good fibonacci support level. Ive taken the fibonacci from the 119 support Level. Keeping an eye on volume and RSI indicators for potential long entry.
Most alt coins have had a unprecedented bull run over the last 8 months (as many assests have). So caution always needs to be applied but we can see that the 50 ema has not been violated by any bar closures and we can see strong bullish action on the chart.
With a space between the entry and the next two targets
Watching for a potential High Base setup on GBPUSD
I trade with trends, longer term & breakouts so not looking for short positions currently on this pair. Looking for a long entry on breakout of consolidation. If price breaks to the downside will eye up potential long entry nearer the 200 EMA.
Would love to know your thoughts on this XRP chart pattern... as you can see with the arrows, clear heads and shoulders i.e. reversal/bearish.
But then, there's the lovely pennant, usually associated with an upcoming uptrend/bull market.
Which do you believe? what else would you add?
Possible long on NZDCHF.
Will see how price rejected at support on monday.
I don't particularly like where the 200 day MA is and it is not pointing to a clear trend direction.
Will be keeping an eye on the strength of this pair
Looks interesting. we have had some bearish momentum on the weekly, but are still in a healthy uptrend. We need to see a break of the bear flag and a higher low formed as a correction back into HL & HH uptrend structure. Then look for longs. Falls in line with the fundamentals and the long term strength of gold.
You can also look for longs now on the daily Once...
Possible long opportunity on EURCHF.
Buying at support where the price is holding.
- Going with the current uptrend
- 61.8% fib rejection level.
- Confluence among indicators
- Price action
Nice high portability setup.
Short term uptrend momentum, higher highs and higher lows --- two legged pullback just made. Very interesting. Go long now to target 200EMA. (approx 1760).
The long term trend is still a Bear trend here, but I would expect that the short term pullback of the move up is quite likely to play out now.
TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY. YOU ARE...
Bottom line - I'm waiting on an entry signal to return to the uptrend.
I'm looking at...
It could very well retest the 0.382, which has been much respected and drop down to the red trendline from the daily chart.
Or we look for an entry signal at the 0.5 or 0.618. Also S&R near the 0.618 from the previous structure.
Tight stop loss and partial take profit...