As you can see at the 4h time frame, prices seems to be rejected around .6582-.6590 area. A break in this area would means an uptrend movement. Rejection once more is a confirmation that this is going to finish retracing before moving to a longer term uptrend. ENJOY!
As you can see AUDNZD is on a very nice downtrend on the 4h tf, with clear pullbacks. The goal is to enter on a pull back with a sell order. We need 2 confirmations to make this a valid trade. 1. 4h candle must close below the price of 1.04448 2. A bearish engulfing candle representing a clear rejection at that price level....
As you can see in this 4h tf that this pair that it still hasn't establish a downtrend reversal rather it had a strong sell impulse which may it even more ideal for a long set up right at the bottom which signifies a strong support with little to no sell volume and bears have exhausted their selling power. Ideal entry would have been .7453 but anywhere at this...
As you can see this is a risky trade knowing that this pair is currently on a downtrend and we're betting on the price bouncing from the 1.7020 area. Resistance are both backed by the previous 1st lower low and the lower high of the pair. While the support is based on the current lower low. SL is well placed about 10-15 pips below the support level. Make sure to...
As you can see the current trend for EURNZD on a 4h tf is down. It would just be a good move to trade with the trend. SL is well above important resistance level from price ranges and fibonacci .50. TP are supported just a little above each minor support. ultimately our best TP would be a little below the last Lower low on the 4h time frame. Entry Point 1.7160 SL...
SL is well placed well under the fib retracement .618 and a strong support line from price ranges. A breakout pass this support line may cause a reversal downwards. Trend is your friend, long position is viable here and it is important to trade with the trend. Entry 0.8521 SL 0.8510 TP1 is 0.8535 TP2 is 0.8550 TRADE AT YOUR OWN RISK. THIS ANALYSIS IS NOT A...
CADCHF has confirmed to be on a down trend on the 4h tf with the 2 sets of LH's and LL's. Now we wait for confirmation for this closing hours of friday if the setup is still valid next week. Confirmation consist of the last 4h candle of friday closing below the 2nd lower high and the first 4h candle of next week closing way below the lowest price of the previous...
I drew this box from important price ranges putting together two lines that had an impeccable impact on bitcoin this past couple months and safe to say bitcoin had been doing exactly what I interpreted regarding my box. Just wanted to share this idea. Simple break from the uptrend with 2 closes above the box is a confirmation to go long and vice versa for short....
As we can see on the daily chart there is a flag forming started by the master candle and we are expecting a short breakthrough with the sensitive news surrounding the pound currency. Both support and resistance supported by strong supply and demand levels as well as fibo retracement key levels. A breakthrough and closing below the strong support we can expect a...
Chart in 1D TF shows a triple top at the price of 1.2000 which proves to be a very strong resistance even with positive brexit deal for the UK Entry: 2.0000 S/L 2.0035 1st T/P 1.9950
EN is cooking a possible breakout in either side. Support lines backed by fibonacci levels and previous strong S/R key levels as well as the TP with fibo extensions Currently in an uptrend, so look for buy entries near the support line of the channel. Support lines can serve as ideal SL in mid-long term investments