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Apple is overbought with three gaps up on daily and it is time for profit taking. Expect a reversal on the 30th. *This information is to be used for educational purposes only.*
A tricky maneuver with a break turned out to be a tricky maneuver. But still after the fall, the price didn't drop below the starting point (someone supports this price position). At present, the indicators 1h and 4h turned into flat. The day continues to go up. By TA, doesn't matter how you turn the charts, lower target remains 5500. Upper target is 6900 It is...
Money Flow index turned from oversold up. Three soldiers identified by NCH (Nison Candle Highlighter) software.
This is a Re-post-As 1st Chart the Short (SL & TP) Position was put in reversed. Actutal Trade is done vis OANDA account - FYI We make analyse from Price Action / Price Pattern , S/R lines & Trend Lines EXPECTING a BIG PRICE Movement Down..IF analyse is on target !! > 1. For AUDUSD approaching Trendline S/R formed since 2002. Remember TRADING is never...
1. Daily chart shows "Three White Soldiers" or three bullish candles. Price is closed out quite well. Three such candles haven't been seen before at a low point in the downtrend. This suggests that this may be a significant low point. 2. Weekly chart show a bullish hammer followed by a week with a higher high and higher low. 3. On both time frames, bullish price...
CHFJPY The price has been rejected by the green moving average and we still have a bearish setup on the market. The price also formed important candlesticks that show the reaction of the sellers with a possible change of the short-term direction. Short Trade Entry: 111.10 Stop Loss: 111.30 Take Profit: 110.75 RR = 1:2
The weekly chart completed a beautiful shooting star candlestick pattern with a bearish bias right at the 1.272% Fib extension. This is signalling more short moves in the near future. Based on the baseline trend line drawn here and the 100% retracement level, I believe we should at least see a short move down to the 95.15 price level.
Just trust me... 2Pac analyzed it with me. As well Trump is shorting Gold too ;) In God we trust
EURCHF The currency pair is in a downtrend according to the strong bearish setup of the moving averages. In the video of this morning, we were already considering a short position on it, but now we have a clear candlestick pattern, a bearish engulfing. Stop loss and take profit may be selected to have a RR that is at least 1:2.
The price could not stay below the channel and we can enter a new position on crude oil According to the previous analysis and also it's good to see the bullish alternate ab=cd pattern and the nice pin bar candle.
Current technical analysis on GBP/USD shows a resistance @1.34428 and current resistance @1.34428 using the Parabolic SAR + Average Directional Movement Index strategy; it shows the DI- line intertwining with the current ADX line as the DI- line is hovering way above the DI+ line. Candlestick pattern 'Three Black Crows' has confirmed this current strong downtrend...
**Market Structure** *Market has been making higher highs *Large rejection off of the key support zone of $67 - $66.40 *Intra-day pattern is a 2 bar reversal, daily is a bullish pinbar **Trading Ideas** *Go long at an upper break of the pattern for a less aggressive entry ($68) or enter long on a pullback for a more aggressive entry($67-$66.80) ...
Since our last post, BTC failed to hold above the $7,800 zone and closed below the resistance line, placing price action back in the wedge pattern discussed previously. Now price is continuing to fall without any noticeable candlestick pattern signs for possible reversals. However, using the previous leg as our base we can draw a fib from swing high to swing low...