- Measured Move of BAR is around $11,500 - Target is 1.272 Ext. of BAR and also a .618 retracement from 13.2k Leg down.
Sterling is overly cheap right now, price is clearly underpriced, previous monthly candle closed as a pin bar rejecting the 1.26000 regions. a closer look on the 4HR time frame we could emulate the previous swing and reverse higher to the 1.27000 area, the obvious catalyst would be a slowdown in US economy with fundamentally driven negatives. GBP data out this...
price has overextended into the highs of 0.9000 which is a key psychological level, looking closely at candlestick behaviour we see wicks rejecting the highs showing a slowdown in momentum into the regional area of 0.9000 which has several confluences acting as a resistance. Fundamentally, the strength of the sterling ahead the next couple of weeks(lowered chances...
This appears to be a decent entry point for those looking to get into the ETH market. We're bouncing off the golden pocket of the FIB retracement, bottom of channel, etc. If we pop above that pivot, I believe we're headed to test the read resistance box and R1 pivot again. If I were day/swing trading, I would enter here and take profits at $360. I don't trade BTC...
I don't want to ruin the party. I believe in BTC, however, a pullback in the 12k vicinity is highly likely. We will see. I do believe 100k long term, but nothing moves in a straight line.
EURUSD Finds support on the confluence area
EURUSD Finds support on the confluence area eurusd 2-chart
Watch out this confluence zone in the NZDUSD cross
price rallied to the downside and tested a key weekly level of 0.99000, however daily rejections at this price region with bullish candle suggest strong institutional demand that may be dominant over the bears. Price could reverse and form a new lower high at the highlighted region as the 3rd drive, also in confluence with MA acting as resistance in addition to...
price is conveying a lot of buying exhaustion around the 0.89300 price region. It's likely that price could retrace a little higher before rallying towards the downside. Be careful, of manipulative price action around this region. SL is slightly higher than intended, additional orders to the downside may be put in place if wicks extend a little higher Risk reward: 1:2.71
-1.1200 is a key psychological level which hasn't been tested yet, in addition to this price region been a key 61.8% fib level as well as a price region whereby price could respectfully test our key trendline. - Can expect dovish sentiment from ECB speaker tomorrow too risk reward always 1:36 - SL is slightly higher above previous swing high
This is a potential setup that has definitely interested me, this is because the price has overextended as we've seen many consecutive bullish weekly candles, however, the price has approached monthly resistance and key liquidity region meaning there may be some profit-taking by institutions around this region, but to a lot of traders price may be easily displayed...
BABA has been correcting for some time after it's nice surge. Never mind the trade wars, it's showing healthy correction and possible continuation. We have confluence near this point with the bottom of the channel, major .618 (golden pocket) FIB point. Some signs of possible movement upward are: bullish divergence on the 3D chart, TD sequential at 9 on the...
Price was rejected at 1.84500. This is why 1.84500 is an extremely significant level of rejection: 1) This C level correlates precisely with the .382 retracement of the AB Impulse Leg 2) This level correlates precisely with the .618 retracement of the Impulse Leg 3) This level is a perfect retest of the broken Head and Shoulders Neckline. 4) This level is...
New hi made. XABC Pattern in effect. Waiting on the pull back and sign for entry. 3 highlighted areas of confluence.
After reversing off of the .5 fib retracement, GBPAUD is giving us a nice opportunity to follow the trend further downward. We have multiple confirmation signals including: 1) A broken and retested ascending trendline 2) A broken and retested Bear Flag 3) A broken and retested Head and Shoulders Pattern We also have a potential AB=CD pattern with the D point...
Expecting a drop on the 25th of May with a target of $50 - $60 -Hawk