This will be interesting. 0.72882 has been support three times recently. I be waiting for a bounce then go long on a lower time frame (15min)
That green area is a daily bearish orderblock that is now being used as a resistance for the third time. So far this is the longest consolidation inside of it since we broke below in March 2017, which is a good indication that the resistance is weakening and may be broken anytime. On the 4H chart, we've hit the local sweet spot for a retracement and are...
Since we're still below a major resistance, it's also possible to look for bearish scenarios. We will know what's going to happen once we have a break on either side. If we break down from here and below the daily breaker (+ daily horizontal level), we'll be looking to short the retest and aiming for those lows there. Again, wait for confirmation and trade...
Possible shark pattern and falling wedge upward break. Still waiting for a confirmation before opening the trade. If pattern is confirmed a not particularly risky target would be 0.00007950. Stop Loss: 0.00006000
I am waiting for it to retrace to the 78.60% area (fibonacci), which is also a support & resistance area. If it stalls around that area, or if a indecision candle forms at that area, i take the trade to go long! I think this is a very bullish move, lets see! THIS IS NOT FINANCIAL ADVICE! Happy trading everyone! OANDA:USDJPY
Just same logic as EURCAD and EURCHF, taking advantage of riding the possible bearish continuation up to psychological support in the daily and weekly chart @1.155. Setting up a sell stop order with conservative TP @1.5506, with possible extension to 2nd TP @1.5059 depending on how price moves before US NFP news tomorrow. If price breaks past my 2nd TP, this pair...
Please! And I repeat, please! Stop trying to anticipate the bottom by buying the "dips" that the media and your favorite Youtuber push down your throat. I take it that everyone that puts the effort in to even attempt to dive into TA has a strongunderstanding that the market works in trends. AND RIGHT NOW, AS HARD AS IT IS TO SAY, THAT TREND IS DOWNWARD!!! With...
We have a possible long setup for Aud/usd One. We have a break of structure in previous low in the bearish trend which now makes it Bullish. Two: We have a possible retest in a supply Zone Three: The supply zone is in the 61.8 however it can bounce off the 38.2 Four: Macd is Crossing Five: waiting for Bullish candle stick variation
silver has a high probablality that it will make that C-leg before it goes down again.. take profit and wait for it to come to the 61.8% for the sell to the downside..for now stay out of it
Downwards momentum has weakened - Price is consolidating - Volume is too low for clear bullish reversal - News releases could bring bulls back in the game -> rebranding-event monday 26/2 - We want to see a clear breakout out of the rising channel/short term resistance
Many Doji sticks and Sideway Trend, i would wait what time will show us. Maybe Retest of Zone 1 for breakthrough or Backhit to next Zone/ Fib Level. Standing calm for now.
Looking for more signals to confirm this, like a new lower low.
Despite the current strong bullish sentiment on gold reflecting a cautionary stand about North Korea and other geo-political risks involving the dollar, there's still possiblity that this pair might consolidate in the near future especially if Trump finally pushes through with US tax reforms and the Fed with another rate hike by the end of the year, not to mention...
After a sharply fall with bearish divergence, price is approaching to key support level 21.235 which coincides with 0.61% fibo since the last push at 18.56 in October 2013. Good opportunity for following the progress of the pair and catch a rebound.
Watchlist USDJPY : I am still looking for a price to retry the trendline by showing Bullish Price Action. And I'll look for a risk-ratio the best is to wait for a retest. If the retest then it can go up to the range (112.90) and this is the target swing. Regards
Analysis Price is currently trending up after a nice bounce off of support at ~0.73431 levels Price currently finds itself in a previous support/resistance area ~0.74847 levels Recent data shows six previous times where price found support/resistance in this area Trade Triggers More indication that price is finding resistance at this...