I'm not messing with this just yet. But I would just like to point out that considering the dollar index is in that channel which can break and can make another shoulder up (possibly small), you may get some trade opportunities on Gbp/Usd. The price action it is making makes me think it may make a running flat, or even possibly a correction for a WXY type pattern....
Do you have the answer to that equation on the chart? That's usually how I find as many technical reasons as possible to identify a trade that I will not regret making. The dollar is near the bottom of its major range at 94.4, commodity currencies have proven to be weak as well. So shorting NZDUSD is quite a safe choice and given the fact, the price has retraced...
Current resistance form the 4hr charts 200ma (in blue is causing us to form a bull flag...the pole of the bull flag should send us to a target just under 6.8k and allow us to finally surpass the 200ma and hopefully flip it from resistance to solidified support. I have a feeling FOMO will send us slightly above the 6.8 zone to 6.9k and possibly even to test the...
On the daily chart: SXX gapped down through its 200 EMA, a bearish sign BUT found support at 23.5 on it's weekly 200 EMA Stochastic on daily chart is trending down and could result in another decline Also filling the gap at 31.72 could trigger fresh round of selling. Let's see what happens.
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
I can never say for certain the exact moment a monster trade turns, all I know, is I pointed out the sell from the very tip (hopefully here depending where you are reading this) and I am convicted to take my chances and just let it run. This is because we did have a completed 5 wave, seem to still be in correction, and considering that a price action channel like...
MAs AND EMAs are magnets which attract everytime..RSI still have some room..
I posted this before. I believe the correction to be completed and looking to take it down. You see the 1.618 level. the 1.236 extension, which is usually what this 7 swing hits, lines up with the 78% fib, so I would let some run to there, and then look for a long opportunity, which will be much more pips.... Those MA's are the 200 and 800 that it is below, as...
If you look at the daily you have a little room down to the 200 and trend line. TDI not oversold Refer to Weekly I just posted.
Ucad is going down in a channel in corrective diagonal fashion, and the pattern allows one more up. The 4 hr and Daily do show more possible room down, But this is a major area. Pitchfork median, trend line it broke, daily 200ma is right under it very close. I would prefer for it to break the bottom trend line of channel, but they don't always. This trade has the...
Bounce off 200MA and breakout of recent downtrend. PT $80
Stellar lowkey has the best chart in crypto. Look how perfectly the upside target of the symmetrical triangle lines up with the established trend. Looks like $XLM is either 2-3xing soon or heading below zero. A break above the 200MA is the first step up, followed by a break of the triangle resistance line.
I decided to go long here, just keeping it simple, playing the 200MA #GLTA
sell off is coming. we are going to 4000$..
Never fully recovered from the Facebook competition announcement back in early May, which caused a huge selloff. Earnings on 8/7 AMC, might consider covering before then. XLK will continue to consolidate in my opinion. We should have downward market momentum with us in the short run. TA: Moving Averages: Rejected by the 50 day moving average continuously...
This is why I am looking at it like that. As long as it keeps following this pattern I can trade it. The next sell would be very nice if it makes a corrective move up.
huge resistance but still possible if 7.8k taken out..bullish bat formation too