Strong daily downtrend in play. Price has retraced over the past few days and is now at the Fib 68 level, where a bearish engulfing/signal with multiple dijis has formed. This aligns perfectly with the downwards trendline resistance offering a great entry point.
Price has broken below the trendline and re-tested the trendline as resistance forming a bearish engulfing signal.
Gold looks like a very good long at the moment. Gold has broken above the recent downwards trendline and looks about ready to retest the trendline as support. There's good confluence of... Confluence of 200 EMA Bounce off of 1st trendline support (purple line) Bounce of Fib 61.8% level However, my spider senses are warning me that it might be a wee bit...
For anyone that bought Litecoin yesterday, it's temporarily stopped for a breather. An ascending triangle has formed and price should break out above. The measured objective (which is measured at the largest width of the triangles "mouth") shows that price will likely reach around $63-$64. There is a Fib 76% level that could act resistance on the way, but i...
Price has broken through this trendline. Will enter on break around 1.738. There could well be a reversal at 1.72 and retest of 1.74. Just sit tight or sell the first position and reenter on the re-test.
Morning Star derivative has formed at the fib 50% level and has strongly broken above recent short term down trend, suggesting that bulls have acknowledged this level. We also have extra confirmation with Hidden Bullish Divergence and Stoch crossing out of oversold levels.
We have a morning star derivative, bullish engulfing signal AND a gap down and then engulfing bar. Price has closed above resistance at 84.00. This looks very bullish.
GBPUSD has had a nice bull run recently. Price did gap down at the weekend, but yesterday a bullish engulfing candle formed indicating that bulls are still in command. The signal has formed above a s/r area and is aligned to the recent trend line. Things could get a bit choppy midway, but the next major resistance is around 1.3370, where H-resistance intersects...
Daily pinbar rejection of the recent downward move. Now because price moved aggressively upwards on 15/3 after the FOMC, it is possibly that price could continue heading higher. However its a pretty compelling signal and the previous downwards move from 2-14 march was strong, it's quite possible that this could signal a resumption of that down move. So far...
AUD has been unbelievably strong recently. Price has broken above the dotted red trendline and retested the trendline on the 4hr chart. Waiting for price to retrace to the blue 1hr trendline to enter long. Expect some resistance around 0.7710 but I think price could now make it to 0.7760 before hitting major selling. 1h Chart
A bearish kicker signal formed rejecting the 1.42 level. This level is confluent with : Daily 100 EMA Is a 50% fib retracement of previous downward move Stoch is crossing below the 80 level
There's so much going on here! Morning star derivative/bullish engulfing signal Trendline retested as support Fib 76.4 retracement level I think that movement may be quite slow pending this weeks FOMC. Obviously the outcome of that meeting could have a huge effect on this trade so trade with caution.
Price has broken above the trendline and looks to be retesting as support. Bullish engulfing signal with a long lower tail, Looks bullish.
USDJPY has been in correction since January, but it's now at the Fib 38% and 100EMA levels appear to be providing support. Here we could see price break higher, but we need to see the red down trend line can be broken. There is still risk that price could head lower to the fib 50% level if support breaks, so we need to be patient.
Just noticed this 1hr rejection of the short term down trend. Looks like an easy 2R.
Highly confluent area where 50, 100 & 200 EMA's cross, ascending resistance and descending resistance meet and is also a fib 61.8% retracement level. Be patient and wait for price to go higher and then a bear signal rejecting the ascending trendline. Looks like a very good place to short from. Today's US Crude inventory figures could be the catalyst to start...
The daily candle hasn't yet closed, but looks like a strong bearish rejection of resistance and bearish engulfing signal. NZDUSD has been in a strong bullish trend since December 2016 and the previous BE signal on 26-Jan failed, so we really want some strong confirmation that bears are in control now. The top of the candle is just about piercing the upper...
EURGBP closed below trend line support yesterday, presenting a nice opportunity to head lower. Expecting a retest of the trendline as resistance, so will place an order entry 0.8598 TP1: .8550 TP2: .8500 TP3: .8450 Daily