We have a trendline break and market structure break; Meaning we are no longer in a bearish momentum, We are now waiting for a retracement that i drew up on a 4h. We can expect it to come down and retest market structure and the trend line: With that being said we also have a Supply zone that i drew up that we can see it come down and retest. So we have to wait...
so we have a possible confluence setup, we have to wait for one or two things: One being that we come down to the 38.2 and wait for a candle stick reversal pattern or were going to break our lower high which i marked in red and we will get a reversal from there we can re measure our fib for a sell opportunity.
So if you look at my last two post you will come to understated we had multiple confluences that allowed to easily take this trade without no hesitation. One being we had a touch at the 38.2 ,twice this week on gold which easily confirms that we can ride this up to the 2.6 without having to second guess. Two being we are in a strong Demand zone in a bullish...
Pattern formation at long term support. Support has been holding steady since 2016. Interesting Level to enter long. Please Manage your risk and increase position as trade goes higher.
Hi All, From the Chart, we can summarized that; 1. Shooting Star (Reversal Candlestick) 2. Denied in MACD Bullish Divergent (will show you the chart later). 3. Stoch RSI is overbought. *This TA is for Educational purpose and not a financial advise. If you are happy with my charts and would like to follow more in the future, feel free to follow my profiles.
Look Chart :D respect the rules --> Profitable trader Do not follow the rules --> You can cry Do not try to take a position without analysis. No revenge. 100% accuracy bullshit if you have enough to move the market with the big whales. Real accuracy IF RESPECT THE RULES 50% to 90% but minimum 50%. My opinion. Key ? PATIENCE AND DISCPLINE. Stop paying...
Bull div on RSI & MACD + Dragonfly Doji + Strong daily horizontal. Fib targets and important price areas in purple. DASHBTC chart looks bullish as well
Long BAT with good support. It might be anti-trend, 15,240,daily charts has good support but if we look at 1 hour chart there are also good support under our stop-loss. So be carefull when you take this trade, maybe price and banks wants to try these levels.
Possible further decline due to the evening doji star setup and the MACD cross. Could be affected by Trump - Lockheed Martin related news.
My USDCHF LONG from 02.26.18 is panning out well as I'm sitting on +90 pips at the time of this writing. Ended last week with a Spinning Top on Friday, March 9, after breaking through the previous supply zone. That zone is now being retested and if if holds will become demand. Price is currently stalling around the 0.947 mark, which was also the HIGH for...
We can see on the graph the support dotted line in purple and the blue dotted line is the resistance. This graph illustrates a BTC surge soon, with either the double bottom or triple bottom technical analysis patterns. The candles are bouncing around these 2 lines, but it is only a matter of time until we see the breakthrough illustrated with the shaded yellow...
Option 1: Buy after the trend line break. We wait for a retracement back to 1.39037 and go long until 1.40651. Option 2: Price respects the trend and bounces off the trend line after touching it, without breaking it. Wait for a reversal confirmation candle or pattern and short it till 1.37593
As I mentioned here , the USD is looking to rally after a long downtrend. Currently she is sitting in a range, but has put in a few signs of possible upcoming strength. MACD recently printed divergence and the RSI is sitting right above 50 as of this post. Last three days have culminated in a Bullish Morning Star pattern and price has bounced off of area of...
As per my discussion here and here the EURUSD is still ranging with price oscillating around the 1.245-1.235 mark. Although I'm not a huge fan of candlestick patterns, previous three days put in a Bearish Evening Star after hitting up against trendline resistance, area of supply, and the 61.8% retracement level. I've been short since 02.16.18 with several lots...
The bearish trend on USD/JPY chart is weakening. You can see a hammer candlestick on the 105 area, testifying that it is an important level of support. The options are two now: 1) a momentaneus market range in which the 107.850 level will be the resistance. 2) the breakout of the resistance above caused by strong bulls (such as positive NFP datas) with a...
A look at a potential trading opportunity on the $EURUSD along with a lesson on why smart targeting taking can either make or break your trading. Please do me a favor and leave a comment below as well as hit the LIKE button if you enjoyed this post. I'm always trying to do more of what you guys like & less of what you don't so I love the feedback! Akil Everton...
Wait until the end of the day and see if this candlestick will close as a bearish shooting star or even gravestone doji. If yes, and price in next candlestick is trading below shooting star real body, then it could be a strong bearish pattern as we saw on Feb 20.