CAPITALCOM:US100 - LONG OPPORTUNITY / BREAKOUT Fundamental: Nasdaq is currently up leading into earnings. Expecting continued growth and a lower PPI data result which will benefit the continued growth of the Nasdaq. Technical Analysis: Market is currently ranging/consolidating on the shorter timeframe until PPI data drops. This is expected on big new...
Looking for the GBPAUD to break the recent intraday high and then move into the next bullish trading range. EURUSD , GBPUSD etc. have pushed higher during the London open. With the return of traders from the Thanksgiving holiday period I am hoping for a bigger move later on today.
I don't trade the Head and Shoulders patterns, but I have thrown one up there as it highlights the areas where other retail traders may be waiting for a signal. Obvious one would be the neck line break. I'd want to be short before price got there and then be looking to get out as the momentum sucked in more traders. The other place to look would be above the...
Sun pharma consolidation on daily chart, can give breakout within a week,
There are no upward lows on the RSI like on the chart. Growth of lows. Not confirmed by RSI. There is a possibility of a downward breakdown. Stochastic is oversold. In case of breakdown of the red RSI line, move up. In case of a rebound from the red resistance line, we expect a downward movement to the level of 136.
Horizontal triangle. The presence of strong support at 1.9-2 increases the likelihood of the triangle working upwards. Confirmation of the triangle. Raising the lows on the RSI. There are no volumes below 1.9. If BTC continues to dominate, there is a possibility of a quick return to level 1.4.
⚫ I wanted to test if simply using support, resistance, confirmation, and preferably a triangle pattern could predict a breakout of some kind. ⚫ In my last post I tried this with ETH and it worked well. Always adding on. ⚫ Drop me some rep for me to talk in chats :). ⚫ God bless! Except if your atheist... Have a good day in that case. Drop a comment! I forgot...
Backtest seems profitable, I will execute the same for a while
EUR/JPY has been moving in a strong uptrend for the last 24 hours, and has come up to a strong resistance zone @126.120 a few hours ago. From the resistance area @126.120, EJ has rejected and started to move in a sense to the downside, but due to invalid market volume, EJ has found itself in a tight range between 126.040-126.120. The next time volume will come...
EUR/JPY has been moving sharply to the downside easily seen on the higher timeframes (Daily and 4H). EJ has broken a major well respected area of support that has been identified on the Daily timeframe and over the course of the last 2 days, the market has retested the break @126.170 as resistance seen clearly on all timeframes. Along with the retest, there is a...
OVERVIEW: Yesterday I called a sell trade on GBP/JPY from 140.900 to target 140.340 which ended up being a 55 pip win! As soon as the target was hit the market has spent the current trading day retesting 140.900 break of support as NEW RESISTANCE. There is now another opportunity to go short on GJ as it is coming up to NYSE open which could bring high volume into...
TECHNICAL ANALYSIS Here is another beautiful set up on GBP/JPY for a potential 55 pip move! As you can see GJ had seen a wide range of consolidation last week which was also a very well respected area of resistance identified on the daily timeframe @142.00. On Friday 15th January, GJ finally broke out of consolidation zone to the downside, aggressively down...
. On the Daily timeframe there is a major area of resistance where the market sold off for a long period of time from this level back in September 2018. . Due to the market reaching the highest highs since 2018, I expect the market to reverse, however there is a possibility price could reach up to the 1.20000 level and the market is just retracing. . As we can...
Symbol: GOLD Gold is playing an ascending wedge formation. Be prepared to play the breakout levels. ---------------------------------------------------- Want to level up your trading skills? We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your...
Dear Traders, NZDCAD has changed it trend. It is in downtrend now. Now its going to break down. Its a breakout trade. Good luck everyone!
There is a consolidation between the green and orange lines. Watch out for any breakout or breakdown. Price can move in any direction (sometime two-side shadow or long doji candlestick). Also, we have published an impressive strategy that has a good capability to predict the exit direction of the consolidations, presented in the below link: For example, dump...
Apple reached its take profit target. According to the strategy take either (partial) profits and/or tighten stop to the red dots in stead of the green dots. If you enjoy these analysis, like and subscribe to get notified of updates and new ideas! If you want to tryout the indicators and strategy, follow me and drop a comment or pm and I’ll get you set...