Chartcoder

Chartcoder

Warren Buffett : "The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage." This quote from Warren Buffett, emphasizes the importance of focusing on a company's competitive advantage when...

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Market Sentiment : Fear Asset's RSI : Fear Trade Setup : Bearish Shooting Star formed at D1 EMA dynamic resistance level, confirmed by another Bearish Shooting Star at next session. Our Trade idea Position : Short Stop loss : Slightly higher from the shadow of Bearish Shooting Star ($3.515) Target : Horizontal Support Level ($2.665)

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Why we bullish on NEAR? NEAR is currently on strong uptrend, despite of recently bearish market sentiment (the crypto fear & greed index shows FEAR is ruling the market). NEAR's 20-day EMA above 20-week EMA reinforces this view. The bullish hammer formed at the dynamic support level indicated that the bulls is taken over from the bears at this level. Indicators...

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Bearish Shooting Star formed at dynamic resistance (EMA 8). The lower high & lower low confirmed that trend is changing from up-trend to down-trend. We looking for a chance to short the pair to trade with the direction of the trend. Once the sell is trigger, we would set our target at the latest horizontal support which is around 119.55.

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A Bearish Shooting Star formed near to the falling resistance trend line. We would short the pair and set our target at the horizontal support value of 0.9145.

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GBP/NZD has retraced to trend line resistance as depicted above, this trend line has been extrapolated using the July and August highs for the pair. As the GBP/NZD is now trading near this descending trend line, it give us an opportunity to rejoin the strong down trend. We wait to short the pair when it retraced back to trend line resistance which is around...

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Bullish Engulfing formed at the channel support. Notice in the daily chart above, we have a market that is making higher highs and higher lows, this represents a ascending equidistant channel. We looking for a chance to long the pair to trade with the direction of the equidistant channel. Once the long is trigger, we would set our target at the latest horizontal...

Chartcoder

Bearish Shooting Star formed at the channel resistance. Notice in the daily chart above, we have a market that is making lower highs and lower lows, this represents a descending equidistant channel. We looking for a chance to sell the pair to trade with the direction of the equidistant channel. Once the sell is trigger, we would set our target at the latest...

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Bearish Shooting Star formed at dynamic resistance (EMA 21). We looking for a chance to short the pair to trade with the direction of the trend. Once the sell is trigger, we would set our target at the latest horizontal support which is around 1.8613.

Chartcoder

Bearish Engulfing formed at the channel resistance. Notice in the daily chart above, we have a market that is making lower highs and lower lows, this represents a descending equidistant channel. We looking for a chance to sell the pair to trade with the direction of the equidistant channel. Once the sell is trigger, we would set our target at the latest horizontal support.

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Based on the daily chart, EURGBP is on strong uptrend. Currently price is reversed back to previous support level and Inverted Hammer is formed signals a reversal. This give us a chance to buy the pairs to rejoin the trend.

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Bearish Dark Cloud Cover formed at dynamic resistance (EMA 21). We looking for a chance to short the pair to trade with the direction of the trend. Once the sell is trigger, we would set our target at the latest horizontal support which is around 1.4175.

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As you can see from the daily chart above, retest come after a market breaks two key horizontal level of support. The market now revisits the former support level after breaking it, we want to see it test that level as new resistance. The bearish shooting star which is formed at the new level of resistance is how we evaluate that test. We looking for a chance to...

Chartcoder

From the daily chart, we noticed that a Bearish Hanging Man formed at the channel resistance of a descending equidistant channel two days ago. The formation is completed and confirmed when a Bearish Tailed Bar formed just after the Bearish Hanging Man. We looking for a chance to short the pair to trade with the direction of the equidistant channel. Once the sell...

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Bullish Piercing Line followed by a Bullish Hammer formed at former resistance level (now act as support level). There’s potential for price to re-test resistance up near 2.08635 in the coming days.

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Bearish Shooting Star formed at dynamic resistance (EMA 21) and former support level.

Chartcoder

Bullish Hammer formed at the channel support. Notice in the daily chart above, we have a market that is making higher highs and higher lows, this represents a ascending equidistant channel. We looking for a chance to long the pair to trade with the direction of the equidistant channel. Once the long is trigger, we would set our target at the latest horizontal...

Chartcoder

Bearish Shooting Star formed at dynamic resistance level (EMA 21). We like to sell this pairs to rejoin the current major downtrend. Our target set at around 1052.95 as this is latest support level.