Leading indicators come in two types: the first refers to those giving out information on how the economy is doing at the moment, like PMIs and sentiment indices, and the second refers to those giving out hints about the future. The second type, despite its importance, is often overlooked as it usually does not come in ready-made form and requires some additional...
Analysis:
-Strong break to the downside creating new LL (Includes gap from the weekend)
-Retest of the 70-79% zone
-Perfect MA test
-Floor broken and now being treated as a ceiling
-There is a lot of strength to the upside but perfect setup opportunity
Emotions:
-Same as the XAUUSD Long this morning
Analysis:
-1hr structure continuation to the upside
-70-79% rejection
-MA Bounce/Reject
-Long bullish hammer on MA
-Previous Resistance becoming support
-4 hr doji candle
Emotions:
-Woke up late and rushed
-Wasn't even supposed to be able to look at charts this morning so grateful for that
-Skimmed through analysis
-Didn't read through my trading plan
-Was...
Here we have some really strong support and resistance levels drawn on the chart ( green lines ) They are classed as strong because price touched them and then bounce a number of times ( I will let you figure these out for yourselves... I'm not spoon feeding you ) ;p
You can also see a lovely trend line TL that has been touched more than once, so this is also...
Doesn't that look Pretty !
What we have here is the perfect formation of Renko EMAS on the EUR CAD Breakout
Crossing the 200 has confirmed that there MAY be a bit more steam in this BULL
Support orange arrows.
Resistance purple arrows.
Who says you cant see trade setups just using zones and levels? It looks pretty simple to me, You can see how strongly this zone is respected from where price has entered our zone and then bounced ( marked by arrows )
Now it seems pretty clear to us where price is heading and we haven't got any indicators on our...
This is the most obvious bart in all of bitcoin history. Dead volume, sudden spike in volume and price, then dead volume and slowly bleeding price with a curving down RSI. Really if you don't understand how this space is manipulated by whales and exchanges to liquidate both shorts and then longs, then you should move over to forex or something.
Hi Traders
Gbpusd is getting support at price 1.29484 as far i can see there are two possibilities either it will bounce back to price 1.32220 or it fall at 1.26939
RSI & MACD at the bottom
as you see the EURUSD pair is facing a potential reversal zone due to butterfly pattern , But I don't suggest to buy it because it gives us a small target until it face the upper side of the triangle.
I Just wondering can We depend on closing the price above the arc to buy ?
My opinion is yes if we consider is a confrimation tool , Means I want another tool with him to confirm this trade.
HI traders,
we can see eurusd struggling to break this resistance if it doesn't then we might see market to move up
This is not a investment idea its just my analsysis
Looks like that gbpusd fighting at price "1.30606" and if that flag breaks we might see that market go up
it is not a investment idea its just my analysis
As you can see from the chart we have used purple lines to show key support and resistance levels ( levels where price has bounced off in either direction ) Even after the market crash of 2008 the price eventually found key support and resistance levels that had been used years before.
The price respects these levels as thousands of traders will also be watching...
Elliot Wave Alternation
The guideline of alternation states that if wave two of an impulse is a sharp retracement, expect wave four to be a sideways correction, and vice versa. Figure 22 shows the most characteristic breakdowns of impulse waves, both up and down. Sharp corrections never include a new price extreme, i.e., one that lies beyond the orthodox end of...
Whenever you are looking at a technical level, always ask yourself the following:
- Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones)
- Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit at horizontal, diagonal & dynamic support/resistance areas)
- What are the...
Hi Traders,
Is it time to short the dollar at the supply zone? well, from a fundamental perspective, the dollar is still king. The fed still looking likely to hike interest rates and the economy is still on track. Compare the US economy with recent Japan GDP figures, uncertainty around Brexit and Italian budget worries and you'll see that it's not a wise move to...
