Hey Traders so I was noticing on the charts that the Euro has been in a strong uptrend. Just saw a nice pullback buy signal on the daily chart and went long. These pinbars or hammers are great signals and when you see them in the current trend it is normally a great opportunity. The way you trade it is buy on the open of the next day candle so I went long around...
While doing my daily search for possible trade options i found that among my many short alerts had a common trait. 5/8 Short alerts were all REITs.
Now I'm not saying real estate is gonna crash or to prepare for another 2008 crisis however it appears that most ASX REITs are overvalued from a technical standpoint which opens the idea for a potential short.
I made a chart yesterday to predict the price of LINK. As what I thought, the price remains bearish. Candlesticks pattern was bearish with 2 bearish engulfing candles right after each other.
My tip is: Never buy in because you think it's very low right now. There will be 100's of opportunities for you to trade in. Just wait and keep a close watch on the coins you...
Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick...
Key levels Identified
- Black line : Monthly Resistance
- Maroon line : Monthly Open
- Third retest of Monthly Resistance level
- Last week candle close as an inside bar suggests consolidation, Expansion might be coming soon
- Confirmed Bearish Pinbar with a close below its low
From the the daily Chart, the RSI is still bullish. It is trading above the 40 level and repeatedly exceeding 70. The start of this retracement move was signified by the rejection pin bar last week.
There is a nice RSI trend line forming.
I will wait and watch price hopefully retrace to the 61,8 region. There is pre-existing structure (recent and further...
1. If good and healthy bearish candle break the momentum bar, i expect move down.
2. If green momentum bar will be broken down with long tail, i expect move up.
But the main question is did i mark the right momentum candle?
The first red week out of the last 7 weeks, price had rallied over 6% since early October and this is the first sign of a reversal for the continued move. The volume had been weak over the last few weeks on new highs. Price did make a new all-time high this week before reversing on the week. The doji candle that formed at the top of the trend on a weekly chart...
This will be my first "public" post reacting to news events beforehand - using a few key indications that make up my assumption.
As you see here on this chart, marked by the cyan up arrow, my prediction is LONG for this pair.
What did I see to make this choice?
Divergence, Support and Resistance, RSI Level, Market Structure and Candlestick Patterns.
When checking on D1 you can see a large had and shoulder pattern (reversal pattern)
Selling at market price @ 1.61704 and
# SL @ 1.62569 and
# TP @ 1.57477
To learn the dynamics behind the analysis, please join my mailing list using the link below zc.vg
As usual don't bet the farm. Good risk management won't kill you but the lack thereof could!
MKSI worked on a longer-term bottom formation that is completed and moving up with momentum at this time. The consolidations of the past two 1-day runs are very precise and horizontal. These candlestick patterns offered excellent low-risk entries. The stock has an all-time high around $128, so ample room to move up further. It has also completed a near perfect V...
Good Afternoon Traders, ForexFargo checking back in.
Today, our analysis is a continue of our previous post regarding AUDCAD falling down.
As price approaches our Support Level of 0.94500, I see an opportunity to buy this pair as it has been in Heavy Consolidation between support and resistance weekly levels.
My resistance level is set for 0.95750.
On the 4H chart we see 3 consecutive dojis/spinning tops, with another one forming as well. This indicates a lot of indecision in the market currently, and a big move could be coming in either direction. In my opinion, we will break below the 21 EMA that has been tested a couple times already, and head further down. My target remains the same: 6200-6300.
I think that this pair is exhausted from sellers constantly pushing price down. Overall slowly becoming more and more of a bullish market long term if your looking into daily charts. Also pay attention to wicks that show exhaustion. If your looking for any positions for the week of 6/18/18 to 6/22/18 you should be buying and buying. Then the following week we...
Since four in the morning, Bitcoin only knows one direction: down, down, down .
Pivot point is at 11220 and could be easily broken. Support line S1 at 10749 just caused a small delay. Right now, support line S2 at 10381 is ahead of us. Will it break or send BTCUSD upwards again?
The long-term targets of this down-trend are 9005 and 5568.