Just as I mentioned two weeks ago, my focus has remained unwavering on the EURUSD pair, specifically in search of a lucrative shorting opportunity. Today, I invite you to witness the unfolding of this anticipated trade. However, I exercise caution and patience as I await the crucial confirmation provided by a candlestick pattern. Currently, my attention is drawn...
Yesterday we saw a new low on EURUSD and there’s no signs of ending the movement for now. The next support level is 1,0735. That’s 61,8 of the rise from March 15th. We’ll watch how the price reacts at this level and whether it has the strength to break it. No grounds for trades at the current levels.
Is this stock creating a Necklace Pattern? A Necklace is when stock goes down 90% & reaches back to its old lifetime High... Just check this on M,W & D TFs with your own setup! Somethings is definitely cooking there!
No grounds for trades here. We’re still expecting another drop below 1,0840, where we can watch for exhaustion and trend reversal. The confirmation of the above mentioned movement will match expected entries on all major instruments. A big part of trading is just to wait for a good trade and this is the best option for now here. We have ongoing trades on...
If R1 is crossed successfully, TAJ GVK seems to be ready to hit T1 & T2. It's going to be interesting set up going ahead. Have look at MACD Cross over on Daily TF as well.
• TSLA hit our target area last Friday, around $177, and it is now triggering a Bearish Engulfing candlestick pattern on the daily chart. I mentioned this target on our previous TSLA analysis – link below this post; • The problem is that TSLA triggered this Bearish Engulfing under the $177 resistance, and it is back under the 21 ema as well, indicating that TSLA...
On Friday, short-term selling to 1.0840 worked and EURUSD is holding above these levels for now. It is recommended to move your stops and reduced the volume. Watch for another decline and a possible reversal from the levels below 1.0840. We need to see a pullback to enter, and a break of a previous high will confirm the move!
As a trader, I prefer to search for trades that display a distinct direction on the higher timeframe and then hone in on that direction on the lower timeframe. However, I understand that some traders prefer to jump on opportunities as they arise. This week, the AUDUSD has presented us with such an opportunity, as the Bullish Shark Pattern trading setup has...
Last Week, I mentioned my plan to await a suitable shorting opportunity on the EURUSD, owing to the retest of resistance with RSI divergence. As anticipated, this move resulted in a total profit of 205 pips (equivalent to 2,050 USD/lot) based on the difference between the opening and closing prices. My strategy for this week remains unchanged, and I am still on...
Yesterday EURUSD broke and tested 1,0949. This gives a chance for short term sells targeting 1,0840. It’s important to watch if the movement has strength. Upon sharp drops , hold and move the stop. When the movement is exhausted, lower the risk and close the position. No grounds for long term sells at the moment.
This stock looks strong on all D,W, & M TFs. It has attempted today for a new high but got rejected. New Life Time High may be created by a Gap up tomorrow. Good stock for medium to Long Term. Are we going to see this soon?
EURUSD has been moving sideways for a whole month now. Yesterday we saw another pullback from the support during the CPI news. Now it is important to see a breakout to confirm the direction. While we are in the sideways movement we are more likely to head back to the 1.1090 resistance. We will receive confirmation when closing above the candle from...
Carvana ( NYSE:CVNA ), the innovative online used car retailer, has recently shown signs of a regular bearish divergence on its chart, indicating a potential reversal in its current trend. With an identified entry, stop loss, and take profit points, we could be looking at a shorting opportunity here. Technical Indicators: The regular bearish divergence, circled...
• TSLA stock looks impressive, as it is doing an important reaction today, trying to reject the Hanging Man candlestick pattern from Monday; • In theory a Hanging Man pattern is a famous top signal, however, evidence suggests that this pattern acts as a bullish continuation roughly 59% of the time (BULKOWSKI, Thomas. Encyclopedia of Candlestick Patterns, p....
Hi Traders! Our GBPUSD setup yesterday morning reached our forecast Support 1 level of 1.25850 and had a small push up. We will now wait and see if there is another resistance test or another test to the downside to see if there is any demand at the second Support level. Please don't forget to like, follow and comment. We would love to hear any thoughts you...
• The SPX did a Double Bottom chart pattern, just above the 4,048 support area, indicating that it is poised to seek higher levels from here; • The trend is still bullish, and only if it performs a clear lower high/low we would see this changing – meaning, if the index is about to reverse, the confirmation will come if it loses the 4,048; • For now, it appears it...
Sideways movement continues, and yesterday again drop below 1,000. Tomorrow is the US inflation data and we will probably see a breakout. This will confirm the direction and will give us entry opportunities. For now, the more likely direction remains upward , with GBPUSD still look better.
2nd analysis as per pre market on hourly time frame, will wait to see how price reacts against company decision on dividend cuts, will keep add multiple indicators how price is behaving based on certain events in market.