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. This is...
The all structure chart CADJPY price can move up based on open price sequence candle.
Textbook Hammer Trade. Also a successful trendline retest. Watch out for the Red Trendline, wHich is still Resistance.
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. I am...
AS GBPUSD IS REJECTED FROM MONTHLY AREA NOW ITS TRYING TOO HEAD DOWN LETS GO
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. Stay safe, Vik
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...
These trades can seem risky but they are the kind that shoot.
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.
GBPCHF - Short to 1.20 level Timeframe : Mid-Term Aug. 3 = Engulfing Bearish Candle = Bearish Strength Aug. 7 = Inverted Hammer = Bullish, but failed verification on next candlestick Aug. 15 = Falling Three Methods Candle = Strong signal for new Low @ closing, achieved @ 1.2518 - Signals Downward Trend to continue Resistance & Support Levels: R3 1.2453 R2...