We are expecting to see a retest of this resistance level after a bearish day yesterday before price makes more bearish movement and reaches or support zone ( green box ) before market close. I wouldn't go jumping into a short position before we get the re test of this level as the markets seem to be all over the place at the moment, and always trade with correct...
Purple box is TP1, Green box TP2. You can see that price respects our levels really well on gold, these are levels that have been drawn on our chart for months and price just keeps coming back to respect them time and time again making it easy money. Now we have loads of news surrounding USD throughout the day so I would trade with caution as there will be a lot...
Straight forward really, bearish movement down to our support area ( red zone ) then a bounce and bearish movement to our resistance area ( green zone ) I'm just going to keep this 1 simple as there are a few simple people about ;p if the cap fits wear it.
We can see a strong support ( green line ) that price has been respecting and failed to break recently with a few spikes through the level but failing to close below it. We also have a lovely trend line ( TL ) that price has been using as support bouncing off it on its travels, we can only see further bullish movement as price continues up our TL making higher...
We are expecting a bearish short term run on this pairing, as you can see marked out by our arrows that price has touched this trend line more than a 40 year old virgin touches his.... Xbox controller ;p ( I was going to say something else but I don't fancy getting banned just yet ) haha. Price is currently sitting at this trend line and the current candle has...
Here we can see another strong support that has formed and has also been used as resistance before, price is nearly at this level now and we are expecting a bounce and a bullish run up to our resistance zone ( green box ) If we get this bullish run and price does turn at our resistance zone there is a possibility that a head and shoulders chart pattern will also...
As you can see we have marked on our charts a very strong support level, this kind of support level goes the gym 10 times a day and sprinkles steroids on it cornflakes ( nothing wrong with that ) ;p We have pointed out for you with purple arrows times price tried to break this support but failed and bounced, now price is nearly at this steroid support we are...
You can see our support and resistance zone ( red box ) that is marked out with arrows to show where this zone has been respected as support ( orange ) and resistance ( purple ) Now price is currently hanging around this zone like a drunk idiot who doesn't want to leave the bar at closing time because he has spent all night trying to hit on the bar maid who is 20...
We have marked on this chart some possible reversal zones. Purple = resistance so possible sell. Green = support zone so possible buy. We can see price has respected these zones before so they are key levels that price will possibly respect again. We do have some high impact USD news at 12.30 UK time today though so if you do take any trades then just be...
We can see that price retested but failed to break our strong resistance zone ( red box ) price then bounced and made a bearish run and is now on its way down to our support zone ( green box ) We can also see that around our support zone is that trendline ( TL ) that has been used many times before, it is possible that price could use this as support again also...
Circled in purple you can see how price hit our support zone and then bounced, we can see price making a bullish run up to our TP1 zone ( 1st green box ) this is 100 pips away, so even though this is a little late entry there will still be some good pips to be caught. After TP1 is hit there is a possibility that price might also hit our TP2 ( 2nd green box )...
We are expecting a retest of our support area ( green box ) before price moves bullish. USD has shown some good strength today, this is why we can see price pushing lower before the bulls take over and push price higher. Trading is bulls#it, it is so simple but there are so many people or so called gurus that try to complicate it just to make you buy there...
Strong resistance can be seen, and the current candle is at this level now, price going into this level is not overly strong so we can only see price respecting this level and making bearish movement. Get on this trade and thank us later :p See how easy trading can be? keep your charts simple and clean and you will spot good setups.
Price is coming down to respect a very strong support level where we are expecting price to bounce and make a bullish run again after a few days of bearish action the long-term outlook and weekly trend is bullish, the last few days were just a pullback before it rockets again and reaches our green box. USD is due to weaken again and the recession is still just...
Price recently failed to break VERY STRONG resistance once again, this can only mean bearish movement. The stock market and the US economy are in trouble, the bubble they are in is going to burst and everything will come crashing down with it. We are on the verge of 1 of the biggest recessions in history yet not everyone can see it as the government and Trump...
Price recently failed to break VERY STRONG resistance once again, this can only mean bearish movement. The stock market and the US economy are in trouble, the bubble they are in is going to burst and everything will come crashing down with it. We are on the verge of 1 of the biggest recessions in history yet not everyone can see it as the government and Trump...
A lovely trendline has formed on this 4H chart, you can see yourself where and how many times price has respected it. Price did recently breakout bullishly and made a good run up... but soon fell sharply back down below our trendline again and carried on with the trend of respecting the TL again. We can only see price respecting this TL again therefore we are...
Price is at a resistance level and we are expecting it to respect this level, now it isn't the strongest level in the world but over the weekend there has been a lot of uncertainty and negative news surrounding brexit, a big march with thousands of people protesting, MPs calling for May to step down as priminister and the growing possibility that we might leave...