NOTHING ON MONTHLY AND WEEKLY I FIND HELPFUL. Really going from the lower time frames 4hr and 1 hour. Continuation higher. 4 hour support at previous double top 1 hour zone with bull MACD on 1 hour time frame. Descending Triangle and zone supporting price, effectively triple bottom. 6.1:1 Risk:Reward.
Over extension on the daily. Distant double bottom on daily with an engulfing candle upwards. 4 HOUR 50 EMA hasn't been that well respected. Still presents as possible opposition to the trade working out as detailed. 1 HOUR 50 EMA has been broken and would align with a 0.382 retrace as a new higher low confirming the direction prediction. ( refer to the call...
G'day All, Outlined on chart is the thinking, Sain or otherwise you be the judge.. 1% at risk on trade. ($100.00 AUD) Great Reward to risk ratio. Pro's V's Con's on chart. By all means mention additional info if you see it. Extra confluence is to watch the DXY.
Monthly and Weekly 50EMA's used as Support - Bullish Daily formed a higher low Bullish. Also formed an odd looking high test, which would have been better if formed a bit higher up - Bearish 4 hour - can't deny the acceleration lower.. Room to the 50 EMA. 1 hour slight break of the 50 EMA maybe used as quick resistance for the 1:1 entry I'm looking to place....
5 MIN, 1 HOUR ( closing now as a high test ) and 4 HOUR - 50 EMA'S being retested as resistance. Trading in line with the higher trend direction on the daily. Holding out for PA to move down to my lower level. My previous published idea to re test the neck line has now got more opposition to it working currently. It still may work out but, it might take 2...
Need rejection of the level on the 1 hour and the 50 EMA to take the long entry. R:R 1:3 Watch DXY for extra confirmation the trade will work.
I have been asked to provide my current thoughts on the pair, at the current levels. Rounding my number to 0.69000 i see a possible reversal set up. I would much prefer to see price back up at my zone to enter a trade, a lot better definition as opposed to current level. Outlined on my chart is some further explanation/concerns for entering this pair. PRO's...
Rejecting the 1 hour standard pivot. Loosing momentum reaching the pivot. R:R 1.5 : 1. Quick in and out entry. 1% RISK
Underlying bullish momentum overall taking the price higher. Daily, 4hr and 1hr charts and reinforcing the BULLISH momentum towards higher price. Another wedge to form yet and the the $4100 neck line break for an un unimpeded run to $5000.00.
Refer to the chart for my plan ahead for next week. Looking for the pull back, then going long with the trend.
DEFINED LEVEL TO DISTINGUISH IF THE BIAS LONG IS INCORRECT AFTER THE PULL BACK. HIGHER HIGHS AND LOWS BEING FORMED NO CONFIRMED TREND CHANGE ON THE LOWER TIME FRAMES. MOVE LOWER NOW VERY STRONG ON THE 1 HOUR BECOMING OVER EXTENDED. TARGET: RECENT HIGHS ON THE 4 HOUR. STOP: BELOW 50 EMA AND FIB RE-TRACE 0.618. ENTRY: ROUGHLY IN THE AREA DISPLAYED.
FUTURE TRADE Time remaining before entering this trade. ENTRY CRITERIA Stop - below the extreme low. Entry - At previous double bottom. TP - Below the 0.382 fib retrace, as we want to get out of the trade before everyone else, alternative daily 50 EMA. MANAGEMENT I need to see the trend change confirmed at the PICTURED level for the entry to be valid....
Long position taken on the 4 hour time frame. DXY --------------------------------------------------------------- Entry :- 1) Break and retest of the 4 hour phase line as new support. 2) 0.618 Fib retracement. 3) Daily trend line bottom of channel. STOP :- 1) Below the most recent 4 hour swing lows. TP :- 1) Targeting the most recent 4 hour swing...
Trade with the over all trade, Long. Story line of how we arrived at the current price action displayed on the chart. Read from the bottom and follow along to the story of how gold is regaining its strength under severe world economic conditions.
Im not convinced yet by the bearish candles shown. I think retailer traders have now gotten on the wrong side of this pair and will fuel its run higher in the coming weeks. In the price below the 1.14650 level no clear defined levels stand out and its a long way for the EURO to fall before reaching a defined level. DXY to fall below 95.50 again and this time to...
Acceleration to the downside. Neck line breached. 50/200 EMA above price. Ideally a pull back alittle further, but the displayed partial pull back maybe as good as it gets. PRO's v's CON's - it looks like a viable position for a move lower from a purely technical point of view. IN extension 1.66825, next TP area
DOUBLE TOP ON THE WEEKLY CHART HEAD AND SHOULDER FORMING, NOT YET COMPLETED BUT SOMETHING TO WATCH FOR. BEARISH MACD DISPLAYED DEFINED NECK LINE AND AREA FOR TAKE PROFIT. ------------------------------------------------------------ TARGET AREA IS THE SECOND LOWER DASHED ORANGE S/R LEVEL. STOP ABOVE SWING HIGHS
BTC intraday's look to be positioning to assist in the recovery of Bitcoin to the old psychological level of $5000.00 USD.. ------------------------------------------------------------------------------------------------------------- Daily - Daily price action has a very obvious head and shoulder pattern. Very clear and I would think price moves higher just off...