After the DXY index makes a new low in 4H and retesting, I assume it will make a FLAT pattern which usually goes around 138.2% of A, Around 107.44 TVC:DXY
Hi Everyone, gold just fail to stay at the support level for bullish pattern, this time is the right time to trade for sell. we aim for 3 targets: 1st target 1622 2nd target 1618 3rd target 1594 they will aim for lower and the BEAR trend Will continue, probably they will make new range for this month 1500-1600 range. why? FED will announce 75bps hike interest...
This pair swept the monthly low and engaged the interest of buyers with the strong bullish candle close. If you look at the daily time frame you will notice we also had a shift in market structure to once again lure in buyers. Buyers now have two strong confirmations that price could reverse BUT they will take no notice of the vast liquidity that is building up...
This chart is rather simply mocked up. However the resemblance of how the last 7 years before the 2001 stock market crash and the last 7 years leading up to the 2021 stock market crash were rather uncanny to say the least. Even more so, almost to the day/week how the patterns have resembled the exact formation of the 2001 cycle almost to the exact...
We swept the lowest point EVER on this pair and now price is returning to the support created shortly after this sweep. Will price hold the support or break slightly beneath it to stop hunt before buying again? I think the new low will hold and not be broken but time will tell! I have illustrated what I would like to see on this pair over the coming weeks. ...
Looking for a reversal entry at old low at 106.60 ( a few pips above); stoploss below todays low so fairly tight. scalp only reward should be at least 1.5* risk....
This is just an Idea and your comments are welcomed
EURUSD break previous low and pulled back to structure around 1.0940 will be a good area to short SL : 1.0971 TP : Follow arrow
Every new low comes with a rebound over 200 pips. That's the repetition I see and the same thing seems to be happening again. The only question is: Will the price continues to go up right away OR will it retest the bottom? It's simple! Don't trade in the middle. Sell if it reaches the top and buy if it retests the bottom. But if I were to make a guess, I think it...
USDCAD just broke its uptrend making new lows. Currently about to make a new low and ultimately aim for 1.3021. We have lots of strong support areas before we get there so it might take some time. Maybe a few pullbacks or maybe a straight drop through. USDJPY and USDCHF just made some significant drops last week after breaking trend so hopefully the USDCAD will...
BIDU is a huge bellwether of China. It has collapsed to a new low, indicating that the economy of China may be worse off than the official reports claim. This new low created a temporary bounce due to a severely steep selling trendline pattern.
TARGET 1 = 255 Buy = 210 Stop = 200 PROFIT = 255 R=(255-210)/(210-200)=45/10 R=4.5 TARGET 2 = 140 Short position around = 255 Stop = 280 PROFIT = 140 R=(255-140)/(280-255)=115/25 R=4.6 TECHNICAL ANALYSIS: technically, you can buy, sell, trade and trade tesla. Tesla made good levels .. When we break through the global level 200 and confirm this level. Definitely...
I'm going to leave this open for you guys to discuss
Hello Hoomans. I'm making a part 2 of my TA because my previous call was perfectly on point, so i'm here to catch up with you guys. As you can see on the daily charts both of the sticks got closed below the line showing a great resistance in the weekly and daily chart, and that was exactly wat i called on my previous TA (test of the 100MA weekly & 350 daily) At...
Yesterday's OIL broke a new low a gain and formed a bearish engulfing bar. it is now in retracement, so we wait the price comes back to the previous low, retest and look for bearish price action to enter short. Long term trend: bearish. expected TP zone: 55
Watch for a test of the trend line drawn on the chart. As price recently made a new high it made it on a divergence against the RSI. This is a bearish signal that should continue to drop the price this week. Also, trend momentum has been losing strength based on a falling ADX. If momentum for the bears builds strength as the trend line is tested, be careful...
ETHUSD update: New low made at 448 as price pushes into the next reversal zone and hesitates. New lows are a bearish sign, especially when they are occurring below the major support zone. Is this a signal to get short? To exit altogether? No, as ugly as these markets get, it is important to recognize that they are still in an expanding ecosystem. Remember I am...