Counter-trend traders do take note, if you are looking for a trend-reversal trade, it might not be the time yet. What I've spotted is a potential Bearish Flag Pattern, the Flag Pattern confirmation will happen when the candlestick break and close below 0.5560, so I say, "Hold your horses!" Let's see what pans out. Check out the related ideas at the bottom to...
My analysis of this Bearish Crab Pattern still stands, but generally, I'm not optimistic when I see a series of consolidations happen before the completion of the Crab Pattern. Patience is Virtue. Let's see how this trading idea pans out.
The EURUSD is on a Bearish Trend on both Daily & 4-hourly charts. The key resistance level on the Daily chart is at 0.9900, and on the 4-hourly chart, we have a Bearish Shark Pattern that completes within the sell zone(supply zone) at 0.9866. Last Friday, we did an aggressive short on the 1hourly chart based on a potential double top setup that has an RSI...
Ill be monitoring price around the highlighted zone (91.650) early next week to see how price reacts. We should see a bounce at the least which ill be taking long trades to give myself the opportunity to hopefully see price return to the resistance of 95.700. On the daily you can see we have already had one rejection from this support zone, so a nice morning star...
• UBER is reacting today, however, this reaction alone is not good enough to characterize a true bullish reversal; • Today it is doing a Piercing Line candlestick pattern just above the previous support at $27.10 (black line) – a bullish reversal structure; • Although this is a decent reaction, it seems it is too soon to tell if this reaction will last long...
EURUSD completed the upside move to 0,9850 pretty quick. That means, it's probably best to close all long positions and wait for the right moment to enter again. We could see a continuation up but buying right now is probably not the best idea. You should focus on price rejecting the zone. It could take some time until the market gives us a clear move and...
EURUSD started a pullback yesterday and we expect it to continue towards the 0,9850 level. Once the pullback ends, we will focus on short positions again. Buying right now would be considered aggressive and that's why make sure to use less risk!
The price candlestick indicates the price rebound from the MA20 line with a significant price movement due to fresh buying interest on the TANCO. Without volume backed the price uptrend. MACD and OBV indicate a divergence signal hence confirming the price uptrend towards the next price resistance. The price Point of Control (PoC) is 0.295 where a significant...
• QQQ is doing a Bullish Engulfing today, a reversal candlestick pattern; • This pattern appeared just above the support at $275 (June 30 low); • If QQQ loses this support, it’ll just resume the bear trend, and the next support is the $268; • However, if it confirms this Bullish Engulfing it’ll trigger a technical reversal, which might take it to the $290; • The...
Looking to get in a position from around this sell zone I have highlighted. Price has had multiple rejections holding a nice resistance from around this zone and just above where I have a horizontal line. If we can see another spike into this area ill be jumping on short trades!
This morning EURUSD reached 0,9538 after continuing lower, just as expected. The next support level is at 0,9510, followed by 0,9480. Selling at current price levels isn't a good idea and we're also not looking for any long trade opportunities!
At the previous price, the candlestick pattern indicates an accumulative phase without continuous buying pressure and significate volume on the previous trade. With the recent trade, the candlestick closed above the MA20 line without being backed by volume where it's below the MA20 line. The RSI indicators indicate a fresh buying interest backed by a price...
• AMC is still in a bear trend, and there is no reversal sign yet. However, there is a bottom sign on it today, just above a support level (black line at $6.80); • Today’s candlestick pattern is a Bullish Harami, so far, and although it is not the most reliable bottom sign, it appeared in an important support level; • This could make AMC bounce back up to its 21...
This was the ABCD pattern I was talking about on the previous analysis, check link at the bottom.
Normally I won't be trading the abcd pattern on the 15-minute timeframe, but in this case, the candlestick completion zone is at 82.60, which is the previous structure resistance, see that? That is when we need to be flexible in our analysis.
Traders, I love seeing this formation. Key support level respected. I'll be looking for mid-long term 2days-2months bullish movement on the EURJPY, period.
Yesterday, we saw rejection of the 0,9585 support level. This level should turn into resistance after a breakout. The downtrend is still on and we should see price heading back to 0,9568 and then eventually 0,9510. Entries only after further rejection! We're not looking to buy!
On Friday EURUSD reached the target at 0,9685 and this morning we have another 100 pips drop! In moments like this, it is pretty obvious why we should trade with the trend! The only thing that we have to focus on is a possible pullback and a continuation lower. The next support level is at 0,9510!