Gold is making LH and LL in 15M TF, so as per dow theory it will fall further to TP1 level than TP2
remember my previous rand idea, this is what it is based on. Daily timeframe we sold around 19 rands, because we had just completed a correction cycle Y which is a top when looking on the weekly timeframe. From 19.80 rands we have been in a sideways correction, so for the correction cycle to be complete, we need to break below 17.60 and break above it again,...
Here's my Idea As BTC rejecting 42.8k Zone Multiple times & There are multiple factors for breakdown Entry - 42.6-7kk SL - 42.8k Target - 41.8k , 40.4k
I do believe this could be an opportunity for a long term sell. I will elaborate more later. I’d like to submit in the meantime.. This is not advice.
USDCAD has created a beautiful and rather neat Head and Shoulders Pattern . Recently, the price tested the neck of the pattern and got pushed down ! not just the retest but also the fact that price is now back inside the parallel channel on the daily chart is a good confirmation of a downward move ! my final Target is 1.3069 ( the pivot line of the parallel Channel )
on the 4 hour chart is a clear formation of an head and shoulders pattern to be seen and yesterday the price completed the retest of the pattern as well and seems ready to resume with the downward move . My next Target for the pair is 161.8 retracement i.e. 1.3210 ! Have a nice trading day, Traders! Broker i recommend : go.vantagefx.com
Hi guys. I saw a Descendig Triangle and i think the power of BULLS decreasing. so price forms LH (Lower Highs) and supports 4 times from 18200. but the buyers cant keep going up. i think with this Political and Economic situations the sellers win finally. the first target after breaking 18200 support is 17700. after that we will see what happen... PLZ share me...
AU is currently testing previous support of area 0.64563 after being rejected at a key resistance area, if price respects this area and gives us a close above and then the next hour candle closes bullish. This support would hold true and would be still valid. If that happens we should see price push back up to the retracement area which is the Gold Zone on the...
BEARS have spoken on one of the stronger timeframes the weekly leaving little room for buyers to recover. We are going down but where is a great question. So far with this setup BTC looks bearish and there is no reason to buy at this moment.
This chart is pretty self-explanatory. Head and shoulders pattern has completed and with current Macro-Economic conditions worsening and tightening, I guess this truly was one of those, "Buy the rumors, sell the news" events with the Ethereum Merge. Not only this, but we are consistently trending down, making a series of lower highs and lower lows. The trend...
BTC had been consolidating for a few days before breaking out very recently... I will give you a second to quickly look at your portfolio for the 100th time today to notice this price change. Based on the range which acts as a flag formation, the target for this move puts us in an area below 19k, thus the title. There are 2 targets as seen above ( $18228 -...
The market is currently on route to levels lower in the following days to come. This statement will be justified in the paragraphs that follow. Flag break: The market was trending in a bearish flag formation starting on the 18th of June and has recently broken out on the 19th of August. The breakout target levels for this flag formation puts the total market...
Roku Short Term - We look to Sell at 77.50 (stop at 91.34) Our outlook is bearish. Broken out of the wedge to the downside. There is scope for mild buying at the open but gains should be limited. Reverse trend line resistance comes in at 77.50. Preferred trade is to sell into rallies. Our profit targets will be 41.57 and 30.00 Resistance: 80.00 / 110.00 /...
Most XXXJPY pairs are well overdue a correction, this does not mean they will turn bearish, it simply means a correction is needed to gather more liquidity before shooting off again. Ideally, I would like to locate sells from the daily established supply. However, I won't rule out the possibility of a final liquidity sweep above the high before sellers...
I just hope Bulls will be back. My idea only my investment not any advice. I am not pro of any kind. Just my fears and wishes.
Major sell off of bitcoin STILL LOOMING..I have also seen multiple death crosses on many other benchmarks. The feds and algorithms on our manipulated and rigged markets is trying really hard to rally and prop of all markets not just cryptocurrencies. These rallies will not hold in my opinion. The BEARS HAVE WON and i am seeing confirmed signals of a permanent...
Price is divergent in M15, there is a psychological level just up ahead, 1910.00 to be exact and price is ready to do a pull back to 1900 but we hope this pullback turns into a downtrend !. Price is currently consolidating around 1908 so use a proper risk and money management as you sell !.
the chief is completing a triangular sideways near current level watching out closely for an entry point to short this pair.