Yesterday, EURUSD continued trading sideways without being able to break below 0,9955. Today, we are expecting another push down and for price to eventually reach 0,9880. The best entry signal would be a push just above 1,0024 and then an immediate drop in price. In case we see a rejection wick above the previous high that would give us an entry signal as well...
This area showed potential to become a double bottom. The white line is the yesterday's daily close. You can see how two Hammers were created. This formation ended up being just part of a bounce of a larger bearish move. The candle immediately following the second hammer is a large Bearish Engulfing which closed right at the level of support. The next candle...
Yesterday we saw EURUSD trading mostly sideways. It's now time for a continuation of the downside move towards 0,9880. As of right now, we have a minor pullback. As soon as we see another rejection, we may see the beginning of that next move. We are looking for a breakout of 0,9880!
EURUSD rejected the sell zone pretty strong Now, we are looking for a continuation down and a new low. All entries made at the sell zone could now go breakeven and expect further development of the trade. Any new entries could be made below 1,0060. We can see another push down on London open but this time, we are not expecting an impulse.
A significant price movement from the previous trading due to intrigue buyers backed by a high volume. Hence, the candlestick body closed above the MA50 line. This indicates a strong buying interest in CYPARK from the previous candlestick pattern toward the uptrend pattern. MACD and OBV indicate a divergence pattern, hence, supporting the pricing uptrend towards...
The Bearish Shark Pattern has went to the 2nd entry level, as a Shark Pattern Trader, you have to be aware that this harmonic patterns can have as much as 3 different entry zone. Conservative Trader can consider to wait for retest of 0.8947 to engage the trade.
Yesterday we saw a rejection of our sell zone on EURUSD The downside move will be confirmed once we see a breakout below 1,0080. That's when our entries will be confirmed or that's when we can also add to our positions. A more aggressive entries could be made on another rejection of 1,0160 and after seeing some reversal candlesticks there. Stops should be...
Due to published news for the RM13m deal, there is significant buying in hence the price closed the MA50 line backed by significant volume compared to the previous trade. MACD and OBV indicators confirm the price uptrend towards the next resistance price which is the MA200 line. Precaution for a price correction between 10% - 20% from the recent peak where it...
Good evening guys, I've just hoped on the charts and GJ is looking very clean, if there's a perfect example of a break and retest, this is one lol! 166.0 is a huge area of resistance and we've absolutely smashed through it and this is after printing a double top so this really shows that buyers are in control of the market. For this trade, I'm now waiting for...
This week, we're looking for more opportunities to short the EURUSD. A good entry moment would be if price reaches the levels around 1,0145-1,0213. Another way would be to see a breakout of the trendline and the previous low at 1,0030. In both scenarios we will be looking for targets at or below the lows around 0,9880! We do not consider any long positions!
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Before we start, you have to be aware that both the Daily and 4-hourly chart is in the Bearish Trend but the 1hourly chart is in a Bullish Trend. On a mid-long term perspective, I'm waiting for a shorting opportunity, however, on the 1hourly chart you can wait for a buying opportunity. So how does this work? If a Bullish Trading Opportuntiy presents itself on...
After finding support at these levels I am waiting USIOL to try 110+ levels once more thru the upper line of the channel. I may suggest to be at long side till 110+ levels
Hi Guys, I'm looking to take this short on GJ. We have currently witness price print a perfect double top at a strong level of supply / resistance Price has now broken through support which we are anticipating to act as resistance We are now waiting for our entry which could either be a depletion of buying pressure and a new presence of selling pressure (wick...
4 hr Analysis We can see a Double Bottom was created. Double Bottoms can be strong signals of a reversal. Double Bottoms indicate several things: 1. Strong Support 2. Bears failed here twice 3. Bulls won out Looking at the yellow circle to start. This candle is a bit of a spinning top at the level of support. We can be sure that price will go up based on the...
EURUSD quickly came back up yesterday after the interest rates. It doesn't give us any selling opportunities right now. The levels where price is currently trading are considered a strong resistance and that's why buying is also not recommended. That's why we would rather wait for a better setup and not trade EURUSD today. Once we see the market breaking...
The candlestick indicates a trend change in the price of the stock due to buying interest backed by significant volume compared with the previous trading. The 0.475 is the price Point of Control with fresh buying interest that has emerged and is set to lift the stock higher. MACD and OBV also indicate a divergence signal. Hence, align with the candlestick trend...