USDJPY no trades yet but we are seeing price push down so I've got a couple areas where ill be looking to see if price can show rejection signs.
For now, PM shows a bit of strength Push towards 442 after Market Open and then Bulls and Bears decide if we have a direction or back to chop-chop
Dear Friends. this is a new update. This is a Consolidation zone. if the price establishes here, we can expect a bullish movement until 39000 Zone(2-3% Tolerance). Disclaimer: Information is provided only for educational and exchange purposes only. Do your research before taking any action or decision in the real market.
*Re-post* Previous idea got removed. A guideline for all variations of a flat correction is that Wave C is required to have momentum divergence (please see linked ideas below). In this instance, the chart above depicts a Bullish Hidden Divergence on the weekly TF. A Bullish Hidden Divergence occurs when price action prints a higher low whilst the momentum...
* Excellent earnings quarter over quarter * Very strong up trend on the monthly time frame * High relative strength of 2.75 in the Consumer Defensive sector * Pays out a quarterly dividend * Breaking out a ~17 month base * Both monthly and weekly candles show a large bullish hammer candle * The weekly chart used the base resistance of $97.53 as support and mad a...
This Video analyzes the trade result of 90 Pips (a 9% Return) that was captured on the EURUSD, as the pair continued the False Consolidation Breakout Reversal that took place on the Daily Chart earlier this week. The main Technical Factors that supported this trade are analyzed using the relevant sections of my Trading Manual, so that you can know how to take...
I like the setup I am seeing for resolution to the upside for semi-conductors here. I do have one concern but I'll address that shortly. On the left is a weekly candle chart of SOXX the iShares semi-conductor ETF. The upward trendline from the covid-crash trough is firmly intact. The 100 Day EMA has proven to be key support. The index started consolidating the...
The price action of EURUSD retreated back to a broad consolidation range spanning between the major support level at 1.12850 and major resistance at 1.13850, following a false breakout. The dropdown is currently taking the shape of a descending channel, and the price action is temporarily consolidating just above its middle line. Given that the underlying...
Looking for breakout of this stock. Dividen upgrade 7.5 percent in a hot sector energy. if Spy can hold i think it should be good .
The IWM as seen from the chart has been forming a solid and strong Inverse Head & Shoulders. An Inverse Head & Shoulders is a strong Bullish Chart Technicals Pattern, that can be seen here. 2 Shoulders, and 1 head in the middle, making the low. I am sharing this idea, as it is a pattern which has been printed on the Russel-2000 this past week, and can't go...
Gold has is trading within a huge triangle, with a lower trendline support spanning back to 2018 and an upper trendline resistance spanning back to mid 2020, with a good number of clear rejections of these levels from each. Gold has just entered the upper boundary again, coming in with a little momentum this time, with RSI just breaking above 70 on the 4H. I...
USDCAD - Nice looking shark here, completed at the .886 but stayed within the downtrend structure. Price is currently ranging but is looking like its going to breakout towards the first profit target the 0.382 (Which is again a very strong demand zone) Here I will also look to take buys if it reaches this level and we get LTF entry confirmation, and if price...
This analysis shows the main factors behind the Short Position opened on the EURO AUD. These include 1. The Formation of Double Tops on the Daily Chart. 2. The Formation of a Pennant Setup on the Daily Chart. 3. The expected move towards major Support within 3 Days. 4. The expected move towards the Pennant Support in 7 to 14 Days. The market provided a...
in 4 hours chart XRP is in consolidation mode in ascending slowly this part is best for long and short fixed profits
There are many possible scenarios in play with Bnb atm. I still think that in the 1W timeframe it would start the bullish leg to new ATH around 900-1000Usd. But it is still possible that there will be a long consolidation period because monthly Stoch RSI is still going downward. Consolidation last time with the same levels of RSI took 8 months. 20W Moving...
The stock of Sunteck realty has recently given strong breakout from its ATH levels of around 535. It has given a retest of the breakout level and currently consolidating from past few days. We can see a fresh upmove above 590-595 levels.Also, stock can be accumalated at current price and added on dips upto 535 as Realty sector is expected to perform good in the...
From 19th October the stock has been consolidating in a symmetrical triangle pattern. It is near its support. Wait for the confirmation before entering inro the stock. Nearly 3 months of consolidation has been there. Once the stock price leaves the consolidation phase it can give a good moment either side.
Price has formed equal highs and equal lows within this tight range. Could we see the lows taken first before we bounce off the demand to tackle the liquidity caught higher? It seems likely. I will trade this pair either way, depending on which zone rejects first. Good luck traders! 🏌️♂️