OANDA:USDJPY Price has confirmed a new support level.
This chart's pretty easy. After falling through our $50 support and then through an even stronger $46ish support we went all the way down to the bottom of our Bollinger Band. Bounced there. Made it back over our 50 MA and then used that as a resting place for about a week. This then helped lift us through an intersecting middle Bollinger Band and $46 resistance....
In the 4H chart price has formed a bearish engulfing candle indicating the price might have been exhausted of the up move and is now being taken over by the bears. I entered a short at current price targeting at least the 0.618% retracement as TP. SL above 147.895 Safe trading guys!
AUDCAD has formed a Bullish Engulfing candlestick. Price failed to make new lows confirming this trade setup. SL set below previous lows.
wait for retracement into resistance for potential short
This is update to my previous Idea regards BTC. Based on this chart I assume that 1000$ mark was defended and strong bullish trend should continue for some more time. BTC is making new highest highs while I'm posting this Idea(well at least on this chart). I strongly believe that the BTC will hit 1700 1800$ mark some time in the future. I also believe that 3000$...
ETH had very interesting movement for the last couple of weeks and I think that the losses are not finished yet. There is a big bearish candle from 3rd of April. This kind of big candles tend to create support/resistance which is placed at 50% of Retracement of the body of the candle ( shadows doesn't count). …Yes you can apply this kind of analyze to any...
We can clearly see here that the support has been created around round number 500. It created false double bottom buy signal in December. Area between mid of February and beginning of March shows interesting formation when pair tried to break the support with negative results. There is second important level which is created by consolidated three GAP's on daily...
What I see here is quite interesting triple bottom formation. First two are quite common while the third attempt looks a little bit dramatic with big doji candle on daily chart. All three attempts are stopped buy round number 0.00010000 which are very respected in crypto community and most of the time are treated as very strong signal to buy. I would wait for...
As tittle said, we are waiting for touch of TOPS line(green), after that preparing for read a BEARISH candle. Setup alarm like me . Thank you.
Hi traders, On the EURGBP we have a nice reversal candle closing in a few moments. Good wick and closing above the previous candle. Targets will be 0.85200 and 0.85700. Cheers
Daily chart is showing big bearish candle after pin candle closed below psychological level. There are two support areas on the chart. These are based on the GAP between daily candles on chart provided by my broker my broker. I placed the stop loss just above the daily bearish candle. I calculated TP based on Fibonacci ratios. I'm also bullish for EURUSD pair...
Price just completed a Bullish Hammer. Connors RSI at 10 indicating extremely oversold- Yellow squares mark the four other times this has happened this year. The company's director(s) just bought 24k and 38K, and the corp another 38K. For Elliot it looks like the correction A-B-C wave has completed, and wave C has extended into the area of the previous impulse...
price is potentially bouncing off the channel reversal candle also formed meaning trend reversal (pullback on bigger scale) if price closes below channel i will enter short
If this candle finishes with a strong bullish body, then I will be climbing in to ride a short bounce up. It looks slightly oversold, and the possibility of a bounce is high IMO. I will be updating with entry if I end up going long. Check Out Our Focused Forex Chat! atlas-trading.signup.team
Double bottom formed at key area meaning possible reversal reversal candle formed at second bounce with confirmation holding SL below Support for reassurance currently long for long-term trade next key area at 1.287 price rejected from 1.210 few times
here on NZDUSD was created perfect hammer candle on upper trend line so we can expect the price to go straight up!