One could place a market open order on FX:USDCHF, or place a SELL STOP below the highlighted candle, at around 0.9689.
With target price properly calculated based on ones risk tolerance, targeting the near term support wicks.
#priceaction #supportandresistance #breakouts #candlepatterns #forex #stocks #crypto #riskmanagement
Read more about finance on:...
It's time to sell. At day chart we see some sell signals, and at 2h chart too. The Head and shoulders pattern is completed. The neckline is broken. Once the neckline was broken, volume began to increase as the price moved lower. So that can be a drop of 15%.
Bearish engulfing (and at day chart)
EMA 9/20 below EMA 50
MACD crossing Signal line (and at day...
Looks very bullish here at this price. $143+ price target. Let's see what this can do. I don't own this one yet but I might hop in it tomorrow unless it pops first thing. Good luck if you are in it already!
We can see Head and shoulders pattern in downtrend. When the price breaks above the neckline of an inverse pattern it means the prior downtrend is likely over, and an uptrend is underway. It's time to buy. If the price close above 0.1 then we wait for the target #2.
MACD line crossing Signal line
Bulish Engulfing 16-18:00 (26.05.)
Some similar signals in February (09-11).
You have link down below from my last NANOUSDT analysis.
MACD line, EMA..
Version of Bullish Engulfing at day chart
Please support my work by clicking the LIKE/FOLLOW button.
Always do your own analysis and trust your intuition!
If someone wants advice or private analysis send a PM. I would be grateful to...
For traders who are stuck in this stock, you may just want to continue to read this. Since you had been holding on to this trade, I would say hold on to a few days longer.
That's what I'll do if I were you.
A break and close below 0.895 might encourage me to prepare to cut loss.
Another level I will be looking closely is 0.915 to spot if it breaks and closes...
Well, this trade is already live and we have hit our 1st target, shifting stops to entry and attained a risk-free trade. The trade was posted and shared to my community, check the link at the bottom.
Right now there are 2 things I'm waiting for, 1) Sit and wait for second target to hit
2) Retracement for either a type2 bearish bat trade or engage with new bearish setup.
Following USDCAD, we can see this major consolidation zone which has been around since Covid-19's Lock-down began. So, lets break this down further, this pair is in a range between my descending Trendline and this major support at 1.38701. As price rallied downwards last week, we came to our support zone and we did not break this support zone. Therefore, we...
I'd thought let me just continue this Bitcoin technical analyses and evaluate our steps from last saturday. One thing I already noticed is that our prognoses of the bull breakout after may 16th became valid. As you can see in this chart, yesterday BTC only suffered a few hours of decline, and then went up again.
You can see my previous idea here that I posted on...
A bullish crab pattern that has dive past the PRZ level, at this moment I'm waiting for 2 things to happen.
1. Consolidation on the HOP level, with candle confirmation and arrow pointing towards the upside.
Trading towards the target there is 2 trendlines I will take note, a break and close above the trendline is a must when market reaches that level.
Thanks for your like! Please also share to benefit the most! Much appreciated!
The all Saudi Arabian shares index TADAWUL have seen first an acceleration of the fall to finally recover a little bit lately.
Now in a narrow range, we can see that it is framed by a wider range still legit.
Zone 1 and...
Weekly : Support / Resistance @ 70.00.
Daily resistance @ 70.00 w/ double tops.
4hr : Price is back @ highs. Potential that price can take out previous 4 hr highs before moving down.
1hr: Price spiking back into 70.00 - great area of S/R.
AJ is in need of a push down. We see how strong 70.00 is of a level, holding great resistance. There is also AUD news over...