Hi guys, this time i want to share with you a simple structure trade, in order to let you understand how i analyze markets so that i can find the best opportunities. I utilized two charts in this case for you have to get the reasons behind this thought process. In the left hand side of your screen, there's the 4HR chart, and you can see price has created two...
when the support at 1.3675 gives way the pair will be heading toward the 1.345 level with 1.32 as an extension. the monthly chart as attached posted negative divergence on the rsi which broke through the ascending trend, implying that the support here will not last for long. All the best trading this pair and please remember to give this a thumbs up!
monthly RSI has shown negative divergence and has now crossed below an ascending trend, which suggests the trend has turned negative and support at 1.3675 may prove temporary. When the gates give way the pair will be heading toward the next projections at 1.35, with any rebound being capped by 1.4040 If you found my thesis helpful please remember to thumbs...
Hey guys, there's not so much on my radar today. Nonetheless i've found a nice advanced pattern formation that is near to the completion point. It is a Bat pattern and its D point comes near to the daily structure level i've outlined with the black line. Always have the bigger picture in mind. Stops below X, targets at .382 and .618 retracement of AD leg. If you...
Expecting price to bounce off of this long time tough support area. Though it may be pushing downwards for a while that was also the case in the past and it still bounced. Lets see if it holds true in the present.
we have multiple resistance's, one even dating back from August 3rd 2016. On the daily price is being squeezed. Price has failed at this resistance trend line multiple times and doesn't look like it has the strength to break it now, however if price breaks above the trade will be invalid.
I have been waiting for this to get down to resistance and reverse. Waiting for it to break the middle resistance 1.42522 before I go long. RSI MACD both signaling upwards. A few leading indicators for EUR economy is coming out today, might be worth waiting for those before going in. The only thing I don't like is going long on a trend that is generally short...
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Euraud Change its trend on daily chart down to up and weekly pivot point around 1.4250. if hold above 1.4250 we can see price toward 1.45-1.46 Advice to buy in range of 1.4335-1.4250 SL below 1.42 TP 1.45
after testing the support on 1.4582 twice the price pull back and we are looking now to see the price on 1.48202 resistance area and looking for a caution there then for the next resistance after the break up