Hi Guys. This is a quick update on ETH USD trade setup for those using our Volume Trend Advisor. We had some climax selling (Strength) and found light support at the 534 area after a Volume Trend Advisor indication of strength at 519 and a climax sell which is also strength over a couple of bars. If we hold here we could get knocked sideways for a bit until...
After a long move up (4.1%) from the 6424 strength indication on the Volume Trend Advisor (Strength Green Square) to the exit Weakness indicated at 6681, we ran into some chop after some climax activity volume and price wise which we avoid. A weakness indication was last signaled at the 6755 level (Red square on the Volume Trend Advisor), however based on...
Here is a quick update to the setups using our Volume Trend Advisor that shows the recent moves indicated by our system since the last update. The last updates are indicated via a triangle on the chart and you can see those updates by clicking on them. It has a been a bit choppy and we had a gap on the new trading week open (Prior to that the indication was...
Update to my last idea. After a very large move down from the Volume Trend Advisor Weakness indication earlier (The red square indicates weakness based on volume price and other variables), The long indication (Strength - Green Square) has triggered and the entry long is @ 1.15920 Initial Target is likely stall area of 1.16519. The Volume Trend Advisor (The red...
After a fairly stunning move down from the Volume Trend Advisor Weakness indication (The red square indicates weakness based on volume price and other variables), I am now looking to enter long. Volume is picking up now so I expect to see a change in trend soon. As always we wait for the signal but I wanted to let those of you following us of a likely move. ...
After some great trade indications recently, we are expecting upward movement to stall out around the 6754 level. If we don't get a weakness indication prior to that (Red Square), we could see a bit of consolidation at that level and as such is a likely exit point based on simple VSR (Volume Based Support and Resistance). We would remain out until we get...
After a couple of really nice signal to signal swings, I expect the current weakness trend to end right around where the last strength trade started. (82.753) I am looking now to exit a short and enter long around the above level but will wait for the actual indication. The Volume Trend Advisor (The red and green indications) cannot repaint as it uses closed...
Here we have seen since several weeks that AUD/USD ranges around 20 sma and taking the support it jumps up. However, observing the last few candles, it is observed that volume is high on bearish candles relative to the volume on bullish candles. Right now, the price is around 20 sma and if clearly broken, we expect the fall towards 7900 followed by 7850 and 7800....
The pair has swiftly moved downside on increasing volume while the price has also crossed and remained below 20 sma. RRR is above 3 in this trade.
Please see annotated chart for details.
Upmove is not strong. Price seems to be trying to move lower from the lower wicks. History shows there is an instant rejection level nearby. It will be a good LRE trade to short it. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially...
82 level is a support zone. Now that it has broken, we would expect it to dip further down. The next support level would be at 81.18 or 80 Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before...
Key support of 1.295 broken Which make it a resistance zone now. Will be bear bias and look to short upon retrace. Looks like the only way is down. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors....
Key support of 1.295 broken Which make it a resistance zone now. Will be bear bias and look to short upon retrace. Looks like the only way is down. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors....
The effect has not kicked in yet, However I am seeing so long as the support at 1.63 holds this pair will go higher. 1.675 will be the tested resistance, should it get broken, it will fly up higher Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and...