Ladies and Gentelman we're here to present you the ultimate trading opportunity ! Chart has allowed us to spot a long position opportunity based on breaking heavy downtrand line and crossing Ichimoku Cloud and MA 50. Recent history has proved us that breaking this downtrand line is crucial for possible upper movement. Pending buy orders should be placed above...
Price rejecting an area of resistance & strong monthly downtrend line. Price now at a reversal area will be watching price action for clues this upcoming week
Whatever the bulls think, the bears are firmly in control and have been April last year.
W1 - Price respected strong support zone again. D1 - Bullish divergence, price pushing higher. We want the price to break above the high at 0.9790, creating higher highs. H4 - Price respecting downtrend line. Both directions are possible from here. In this case there are two possible scenarios to confirm bullish momentum. Scenario 1 - Price to create higher...
Have been looking for a good opportunity to open a short position on USDJPY. We've bounced off the 61.8 FIB level nicely, and also where we met our trend line. We've also closed below the 8 EMA. I have 3 bearish confirmations for USDJPY, so I will be short until target 1. Good luck trading, trust yourself, and your analysis. To everyone's success!
After the breakout of the downtrend line, retracement and the evident recovering it seems a good time for long with a non ambitious take profit... any good comment?
$OMG is hanging on the strong fib .786 support. If it can break out of the orange downtrend line we might see a bounce to retest the red downtrend line.
Watch for a break above medium resistance level & break + Retest of daily downtrend line. This pair is still very bullish in my opinion but will require some patience...
EURUSD - Long / Short Opportunity 1W Timeframe Week Trade #2 This week looking for a BUY / SELL opportunity for this pair for a total target of 282 pips. With the Pivot Point @ 1.1945 and holding above the critical 1.1915 level: Phase 1 Tentative: BUY Entry Market Order @ 1.1960 T/P @ 1.2085 Believe price could go as high as 1.2140 but will take T/P at above...
Still have a bearish outlook on this pair, as price once again respected its downtrend line, & failed to close above 142.500 supply zone. As long as we don't get a close of price above trend line, I believe there will be more downside this upcoming week. Will watch price action earlier this week! Trade with care & wait for confirmation!!
Looks like the swing highs and lows are all following a descent pattern or some sort of channel. Hoping that another swing high happens so I've placed a limit order with a considerable enough stop loss and a big take profit however, once price hits take profit, it should bounce back up due to previous support level and that the trendline shows lots of support...
Last nights buy went well as we see the gap was filled as expected.. I am looking for another test of 61.8 level before price shoots down to its uptrend line possibly one last time. Shooting star previously to its daily downtrend line / resistance level 142.500 which is holding. Price action looking bearish at the moment about 50 pip trade setup here.. Lets see...
4H / 1D AUDUSD possible Short-Term Bearish Trend. Entry point @ 0.79620 Target #1: 0.79200 Longer term potential to: 0.7810 Entry Order placed @ 0.79620 T/P @ 0.79200 Target: 42 pips Personal analysis only. Please use your own rules & strategies prior to entering market.
EURCAD is heading down with almost no major breaks since beginning of June. H4 chart shows that descending channel is well-respected during this period. Currently there is a rebound from the upper edge and local resistance. From this perspective it seems that there are no obstacles for further declines.
the trend line does not seem to be going away !! with the low volume and bearish market in place there seems no hope for eth to recover this month! we need a bug trend reversal in the upcoming days for this to change
This is a chart I made mapping out some Support/Resistance lines for HMC which is on a downward trend long-term. The Old Support / New Resistance candles, as well as Old Resistance / New Support candles, are all marked and match with a connection line displaying the correlation. There are 23"soon-to-be" bearish old support candles which I think will have bullish...