Triangle is breaking out on the upside, waiting on Retest to enter a long position, there are always so many gaps on traditional markets hence I prefer to use Line chart instead of candlesticks for swing trading setups will post a R:r setup in timeline once we CLOSE above the yellow trendline weekly MACD is also printing bullish signal about to cross also...
With BTC's sudden fall it is now the perfect time for some alts to strike back with a strong rebound of previous supports. BINANCE:CELRBTC looking pretty strong right here bouncing from a golden cross on the 12h chart, the volume that's been coming in the past few weeks is pretty insane as well. This is a play that will take some time to play out so patience is...
could we see a push to the upside this week for EURNZD. its seems to be ranging between these two zones so lets wait and see if we get a bounce or a break below this support zone. my overall bias is LONG
Congrats to those that took a position yesterday looking for the bounce off support. Personally I didn't find exact bottom but it's always difficult to get it spot on. - (*money's made in the middle*) Still enjoyed 30% gains from entry price to suggested "protect profits msg" (Those that found exact bottom would have seen 40%) Now tracing back towards support...
BITTREX:DGBBTC dgb showing bullish divergence and looking good for a bounce
After successfully breaking out of our descending trendline, we will now be looking to potentially retest it. Currently, the market is trending within a respectable parallel channel. A zone of confluence is created when the previous broken trendline and the current ascending trendline, meet each other. Furthermore, we have a clear 0.618 Fib retracement - lying...
After a nice bearish move to the bottom of this triangle on USDCAD we can now look for either a bounce or a break
75.5 ZONE HELD DESCENDING TRENDLINE BROKEN MOVING AVERAGES CROSSED WAITING FOR A RETEST OF THE BROKEN TRENDLINE ACCORING WITH FIB RETRACEMENT LEVELS WATCHING CLOSELY FOR PRICE ACTION #tradesafe #theforexdaddy
I been following the bounce peacefully these past weeks. But now something is up. A head and shoulders pattern form on the 4h and It is on the verge of completion. If true it may be the beginning of a correction. Target (2636) Stop loss if the price goes back above the right shoulder (2942). We can see impulsive waves on the way down meaning that the...
Good afternoon Traders, Today we made a few weekly GE plays playing the continuation. Plays Made: - $6.5 Call 5/22 and 5/29 Looking to grab much longer-term contracts ASAP. Potential Plays: - 6 Month Play | GE $10 Call 9/18 @ $10 Per Contract - [Far out the money ] 6 Month Play | GE $19 CALL 11/20 @ $3 Per Contract Do not trade this, not financial...
A Bounce or a break will confirm a clear direction for AUDUSD
Low is swept If price doesnt break the current lvl and later get rejected, bears are in treat, I'll look for short entry. On the other hand if this lvl gets confirmed as support, this could be the best trade of the year for me!
Trend line and hourly support converging. Bounce to hold 4 hour uptrend. Would also be outside hourly bollinger band so good opportunity for bounce.
Hello Traders - you may have caught our scalp on SPX the other day, shown below. Once again, a TD9 signal on the four hour appears at a critical juncture for SPX, and there seems to be potential for a bounce here. In addition, on the 12H chart, we have just hit candle #4 on a correction after a bearish nine. Sometimes, 4 candles is the extent of a pullback. Keep...
NOTE: The following extends my earlier post on EUR/GBP. Please refer to it in addition to this post; attached below as a related idea. Inverted H&S - Right Shoulder Forming Double Bottom Still Holding As The Local Low Targeting The 61.8% Fibonacci Retracement Level Macro-Economic Analysis - Further Downside Expected, Thus A Rise In EUR/GBP VERDICT: ...
Possible kenkan sen bounce. Keep stop close, in case it fails. Not advice.
FX:EURJPY EURJPY reaching the end of the pattern. It is now trading next to an important support range showing signs of weakness it will possibly bound on this zone and go long with 4 different level targets to get your profit - MACD and RSI diverge on the weekly chart Next week we should see this shorting towards the 116.292 support line and the beginning...
-Here on EURCAD i see a perfect market structure where with the help of the RSI, i see that bulls are tired to defend the support and this we see on RSI that bears are ready and willing to push the price further down. -After this analysis in my opinion bears will break the support the next time the price gets there because on RSI we can see some divergence...