This currency pair is featuring for the first time on our TradingView blogs. Current setup: Price is now below major support levels including 200sma, the 50sma and the 120 round number. Conclusion: Price broke out at the start of the week which offered a short entry which we took and have now been triggered into the trade. Any comments or questions, do not...
Clearly oversold and days away from a dividend date of record. Shorts have borrowed all available shares with 65% of the float sold short.
Analysis -USD/CAD in new found down trend on weekly chart. -Retraced back into the .618 on Fibs -Retraced back to daily 200 SMA where we can see some consolidation. Look to short this pair -SL at 1.3524 -Enter at -1TP at 1.3022 -2TP at 1.27355
As a contrarian view to short GBPJPY on the incoming UK CPI data, there is a possibility to short EURGBP. Nice support zone with 200SMA approaching too. Overbought on daily at the resistance from the highs of August 2017 (see in the comments). Good Luck!
Hola Traders, I am happy to share with you my next idea about BTC price dynamics. While everybody is looking to potential rally to 14K and 16K levels we do not have to underestimate the gravity of the current situation. There are several major concerns that I have with the current upwards rally and which makes me think that even if we hit 13 and 14K levels...
Now hit precisely the 61.8% retracement level from the sell off of Wave A and 200SMA is holding it. A break of the resistance would signal continuation of the uptrend. So tighten stops now and add on the break. Alternatively, a break through the uptrend line and 7600 level could signal the start of another short. Waiting for trade war developments to signal the...
After great Q2 earnings Alphabet soared, but now gap is closed and retraced. Testing the uptrend line again at the 50% Fibonacci level. Could wait and see if the line breaks and we test 61.8% and 200SMA on a daily chart.
Last week saw a slump in Amazon share as $2.9b worth of stocks were sold, some by Bezos himself to fund his rocket company 'Blue Origin'. Also, trade war caused a panic in the markets. Now at 200SMA daily and 78.2% retracement. Good opportunity to buy with great risk reward, if this level holds.
Cable approaching a confirmed downtrend line soon, overbought on 1 hour chart, currently trying to get past the 200SMA. On 4 hour chart could still go higher. A great opportunity to short at the trend line, great risk-reward. Higher probability that the cable will drop again as there is no good news in the UK messy politics or economics. A long can only be...
If anyone likes to trade off of the 200 sma this is a good trade to take, this is the first time price has closed below the 200 sma for a long time. We can watch the upcoming week and see if price retests and bounces down, or if price retests and shoots up through it for a bull run. Either way this is definitely something I will be watching heavily this upcoming...
After pattern triggered, now waiting for the retest of 200SMA and neckline to add another short if you missed the entry this morning. So far the break was impulsive and supports the pattern. Good luck!
Pullback after buying pressure eased off could now provide the next long opportunity. Buy at the support level retest 200SMA and trend line.
4 hour shows a retest of support and 200SMA. 15 min chart below in the comments shows formation of inverse head and shoulders. Divergence on indicators present. Nice risk-reward to get in early into a long term trend.
Bitcoin just logged its first candle below the 200sma since initially crossing above the 200sma in February. Watching for short-term support on this dip around the $7450 area, a move below that on volume would likely lead to more losses and a potential dip down to secondary support. Price is also trending below its short-term price averages after a recent...
Last post: May 30th 2019. See chart. Review: Price was holding at the daily 200 simple moving average. Update: Price dropped through the moving average but has since moved back above it. Conclusion: As long as price can remain above the daily 200 simple moving average, we should see further moves to the upside. Any comments or questions, do not hesitate...
Last post: March 14th 2019. See chart . Review: Bearish overall, still in consolidation but looking weak. Update: Price continued to weaken but failed to break below support and is still moving sideways. Conclusion: Standing aside until we get a break and close below the March low below looking for shorting opportunities. Any comments or questions, do not...
GBPAUD is approaching the daily 200 MA at roughly 1.8040/1.8060 - This is also the 50% FIB retracement. The pair are in a descending wedge pattern which is indicating a reversal, the RSI has also formed a descending wedge. Entry for a buy at 1.8060 with a stop loss below the moving average at 1.7980 Target area of 1.8500 which is the 78% FIB Potentially 400-500...
Falling wedge still intact with 61.8% fib level still holding and confirming this as a pullback. Previous break was not confirmed, need to close above the 200SMA. Higher probability is on the upside. With FED lowering projections and a chance of FED lowering rates in December, investors may seek to short the dollar. ECB Draghi on March 10 could provide rhetoric to...