Hi everyone, as you see NZDCHF is forming 4h flag correction, and it looks like third leg has just finnished as it start making some price action on 1h.. I will be watching for strong breakout of that price action, i expect there realy nice move to the upside!
The strategy is simple. Buy at support as we can see the price consolidate and still in bullish momentum. Watch closely the price action around the green zone. Cut loss if the price break the support line 1548 and always take into consideration your risk and money management. Happy trading!
-A extremely good long setup has happened on the S&P500 with price reacting to the 61.8% fib level (Golden Ratio).
- We can see that both 50 and 200 EMA are below price which indicates that price is in a uptrend and we should be looking for bullish signals only.
-The higher timeframes are also showing bullish signals and momentum which adds extra confluence for...
This is a demonstration of why technical analysis works,
Tesla was on a clearly bullish accumulation pattern called ascending triangle on a resistance level and we also can see a bull flag pattern.
And the price goes to the ATH after this breakout.
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- A very decent long opportunity on the rests of the trend line.
-The fib level 23.8% is in line with the demand zone which adds extra confluence that price could potentially retrace from that zone.
-The trend line is also in line with the demand zone and 23.8 fib level which indicates that this is a good high probability set up.
- The 50EMA is below price which...
-There are two ways in which we could enter this pair on which is either to enter on reversal to the demand zone
-Or either we enter at the breakout of the 1.26133.
-Either way there is strong bullish momentum indicated by the break of the ascending channel.
-The 50 EMA is also showing the bullish signals for this pair.
-We will have to wait to see how price will...
ETH/USDT is forming an ascending triangle with our indicator showing bullish signs, the entry must be above this maximum accumulation and the target will be the next important resistance around 280$.
Best regards, Sandro and Gustavo.
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Look, here are my thoughts at the moment.. We are on an upward movement right now. The bulls successfully made a new high today because of this there will be more shorts being put in on the market.
What does this mean? The market will go down? -- NO! And I will explain why below
At most I could see a short squeeze tomorrow meaning price would gap up and push...
EURGBP - Good long idea, we have currently created a descending triangle on the 4H TF, on the support zone we do also have a double bottom indicating potential bullish movement, i will be looking for a break and a possible retest of the descending TL before making an entry
GBPAUD is looking bullish as buyers are strongly holding the 61.8% fibonacci level, Hopefully bullish sentiment continues with this momentum and drive price upwards towards 1.95900 level(TP level). Price could find its way back to 1.97500 in coming days maybe.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
Gold was bullish all last week, looking for that to continue.
We had a Morningstar formation on daily time frame and since then gold has risen 400 pips.
Looking for a higher low to be created on the higher time frames
Gold broke through resistance now looking for a test of support.