after the breakout of strong level Right now price standing on 0.618 fibo level / 4 hour chart 200 ema around there. so high probability to price come back to key level for retest .
0.71600 level will be great place to sell. stop loss 0.71900. 1st target 0.70900, 2nd target 0.70300
GOLD has recently broken the yellow resistance line of descending maximums. Now this line has turned into support for new descending minimums of the overall tendency. Additionally, the 200 MA is also acting as a support for the price right now.
At the moment the price is fluctuating between the yellow line (strong support) and the purple zone (previous support...
Bullish Confirmation Indications
Recent price action may have confirmed a reversal as we can see that price came down to the trendline and has since moved up.
Price has also moved out of the downtrend line (triangle) which indicates that Buyers are strong.
1. Price has been supportive at the support level of $5.20 level twice which is a Bullish Sign.
2. There...
Evening Traders,
Today’s analysis – ETHUSDT- trading below Local S/R where further downside is probable,
Points to consider,
- Price Action Impulsive
- Local S/R resistance
(200 MA Confluence)
- .618 Fibonacci Objective
- Declining Volume
ETHUSDT’s immediate price action is trading bearish under local S/R allowing for a short term bearish bias with the...
Bullish Confirmation Indications
Recent price action may have confirmed a reversal as we can see that price came down to the trendline and has since moved up.
Price has also moved out of the downtrend line (triangle) which indicates that Buyers are strong.
1. Price has been supportive at the support level of $1.00 - $1.30 zone
2. There also lies a trendline...
+ Symmetrical triangle pattern
+ 200MA Support
+ Good Risk/Reward entry for long position
/wink
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CHD is offering a good Risk/Reward play.
Bounce off the 200MA and Bullish Engulfing Candle.
If we get a bullish push we can even reach the trend line and try to break out.
Possible entry here with a stop just under the 200MA.
Investopedia definition:<>
I'm watching WIX as it could break that down trend line any time.
I'll feel confident for an entry if we clear 273-274 (based on Ichimoku daily).
All price levels are on the chart (in blue).
Price is supported by a long term trend line and a rising 200 MA which is not far below.
As seen in the chart I expect on the longer time frame that prices at least will touch the 200 EMA around 1820 before we can see a retest again.
We can see that the 1815 is a strong support area as well
The weekly candle will close very bearish with a long will. Prices would continue to fall.
Next entry will be around that area to go long.
now price is above the 200 MA average and we have a strong resistance at 2.8. price should fix itself above both of them to keep continuation to top the midline and the top of channel.
Evening Traders,
Today’s analysis – AUDNZD- trading above a key S/R zone where a respect is probable,
Points to consider,
- Price Action Impulsive
- .382 Fibonacci Support
- Daily S/R Objective
- Oscillators Neutral
AUDNAD’s immediate price action is trading above a level that has technical confluence; this S/R level has a high probability of holding....
Looks like there could be a potential deep crab here. However, it didnt retrace all the way to the .886. This is also a good lesson in PRZ. The PRZ is almost never exact. That is why it is a zone, however it is consolidating here above the 200MA in the PRZ. Technical target long term would be the 1.618 retrace. However I would take profits around the different...
Building for a breakout of a descending channel, at the 200 MA, Hidden Bullish Divergence Daily MACD, and a Gartley Pattern reversing almost exactly at .786. Target is the same distance of X-A added to the entry of the .786.
Entry at Current Price: $97.76
Stop: $95.50 (below most recent low and 200MA)
End Price Target: $115.30
wipro near crucial levels
possibility to fill the the gap is high
caution:- it may come down to test the levels again and then make a big move up
but target is sure to come within the next few days
trade safe
keep SLs wisely
happy trading
AER had crossed the 200-day moving average and now is located above. Today was a green day, and, supposedly, the price will resume moving higher. One may build a long trade here with a stop-loss at 38.25
Evening Traders,
Today’s analysis – EURAUD- trading above Local S/R where a back test is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support (.382 Fibonacci Confluence)
- Swing High Objective
- 200 MA Resistance
- RSI Bullish Control Zone
EURAUD’s immediate price action is impulsive above Local S/R, a bullish retest of this level...
Evening Traders,
Today’s Analysis – EURAUD- impulse close above Local S/R, a bullish retest is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support (200 MA Confluence)
- Structural S/R Resistance
- RSI Bullish Control Zone
- Increasing Volume
EURAUD’s immediate price action is impulsive above Local S/R, holding these regions allow...
