Recent Price Action: Bullish
Pattern: Rising wedge (short-term correction)
Long-Term Momentum: Bearish
Short-Term Momentum: Bearish
Action: Potentially enter short position after price breaks 4H trend support. Otherwise, wait until price closes and tests trend support on the daily chart.
Comments: Price had a strong retracement after a huge sell-off....
I posted a trade setup yesterday where a very large bullish pin bar candlestick had formed on the weekly charts that coincided with a previous low (which acts as a major support line) as well as an important price level of 0.75. You can view that analysis here . Price...
I'm working on a new technical analysis indicator that identifies candlestick patterns through an AI algorithm. Today it spotted an outside reversal candle on #MELI right at a very important support.
What do you think about it?
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
Note: this idea is extremely time constrained and may be irrelevant by time you read it.
1 hour just closed with a doji candlestick! We still have time to play alts as long as BTC is carefully watched.
+ Closed right on the 38.20% retracement (peak is drawn from $11185.10)
+ Jumped speed resistance fans like it was made for puppies
+ BTC can definitely drop a...
EURUSD > 10/15-20/17 Trade Analysis
Previous break of strong Hammer signals possible very strong bullish trend to continue up to 1.21000 level.
Firm break and hold above 1.21000 expecting further rise to 1.25000 level where fall is expected to begin toward 1.167000 level.
Current expected closing price @ end of month is now projected near 1.19000...
USDJPY > 10/15-20/17 Trade Analysis
Shooting Star candle signals roll-over @ week's beginning.
Break and Hold below 112.00 signals to 108.00 level. Expecting these levels to be Buyers area.
Break and Hold above 112.00 can signal further rise to 115.00 level.
High volatily expected as I believe we are in the "wacky" season where up is down and...
NSE:BANKBARODA had a very nice consolidation and then made double bottom and the bottom!
Stock has started its upward journey.
Buy BankBaroda above 143.5
CMP -> 141.80
Target -> 152 / 157 / 168 / 177 / 188 and above
EURGBP - 0.9011 > 0.8640
Details in chart
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience
Expecting uptrend due to Three Outside Up Bullish Reversal and Engulfing Bullish during last session.
Corrective Fall expected.
Resistance @ 1.6331, 1.6422, 1.6494
Support @ 1.6168, 1.6096, 1.6005
Choose Entry Point within rules/strategies accordance
H = 1.6361
L = 1.6174
O = 1.6305
C = 1.6237
Pivot Point = 1.6257
4H / 1D Timeframe
USDJPY Bearish outlook :
Currently @ 109.582 / 109.595
Next possible target = 108.80
Break below this, next possible target = 108.00
Personal analysis only. Please use your own rules and strategies prior to entering market.
NZD/USD broke target of 0.7380
Firm break below 0.7338, possible additional Bearish to 0.7285
** Firm break of 0.7484 likely show of strong support back to Bullish trend.
Personal analysis only. Please use your own rules & strategies prior to entering market