Not a lot happening across the board in terms of getting into new positions, this is one of the only ones I'm looking at taking a position on. GBPCAD if we see a rejection around 1.48000 ill be taking shorts to hopefully catch the continuation move to push towards last weeks lows.
With a bearish flag forming on the 1D timeframe and RSI at ~95, it is looking likely that ETH may drop back towards $1420 and $1275 levels should price drop out of the bearish flag formation.
Not financial advice
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE AUD / DOLLAR
* The PAIR has been trading in a possible descending channel, we just had a break of structure possibly signaling continuation to the down side.
- Short term the pair is in a down trend on the 4h chart this.
- Looking for short entries on the...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
APPLE rejected its all-time-high and now falling down, so we are currently in a down-trend.
on H1: APPLE is forming a symmetrical triangle (pennant) in red but the lower trendline is not valid yet (as it only connects two swing lows) so we will be waiting for a third swing...
Hi,
In the past days RVNUSD has broken out of the consolidation and is now retesting the .78 of the rally.
Typical for a confirmation is a break above or below a valid resistance or support and retest to confirm its value in the market.
Exactly that has happened yesterday and we have seen a volatile answer to the retest of the intersection between the...
- Price contraction after bullish impulse up forming. Large move will take place on confirmation to up or down. Here are the simple measured moves for each.
Not financial advice just my own charting opions for entertainment only.
Traders,
Got the pro feature for some extra detailed analyses for you, to explain my reasons for entry better.
Everything is in the chart for a nice short opportunity on EURCAD.
Potential entries if my rules are met at 1.56200
SL: 1.58156
T1: 1.51860
T2: 1.49166
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Hello traders,
2 nice harmonic patterns on CHFJPY 0.11% to hop in the trend.
Reason for entry:
Price broke a major support level on the daily TF. That gives me a reason to short any harmonic move's into the previous outside return.
Pattern 1 (blue) - Potential Cypher:
Entry: 113,882
SL: 114,577
T: 111,501
Pattern 2 (pink) - Potential Gartley:
Entry:...
DXY Dollar Index
The DXY counter-rally (far left arrow) shows a 12 day
continuation pattern from 1st December to 12th before DXY
falls out of the parallels as the decline continues. The right-
hand arrow also shows a 12 day continuation pattern from 1st
February to 12th before DXY once again loses the parallel and
begins to fall away again. Having broken down...
IOTA IOTUSD Positive whilst tracking dynamic support
Nice continuation pattern now completed on Iota ...buy off
the support line and look for retest of highs. Only turns
negative if the dynamic supporting the new rally gives
way...so stops under here
BCHUSD Update Near Term and Break Points
Near Term
BCH ran out of upside momentum, double topping at 1461
though this level was actually briefly exceeded, snapping at
any bear stops just above it before fading, and showing first
quite big red bull engulfing candle off the high of the
day...mild rejection, not hot but not cold either, except in
very near term...
Bitcoin
If already long from 7010 touch on larger parallel stops need
to stay under 7070 for now. It's making a small continuation
pattern now prior to moving higher - if we do get stopped out
look either to buy from a test of the lower pair of parallels it's
now tracking (hope we don't see that but we could) or failing
that the next buy trigger will come on...
EURUSD It's plain to see that this this pattern is still one of continuation and eventually EUR should break the lower
parallel containing this week's minor corrective up-wave and come much lower still...so am not looking to buy dips, more
to sell the EUR rallies back to the upper parallel, looking for much lower values once the parallel gives way...
Whilst...
EURUSD Friday Update
Although now flat on all pairs escept USDJPY, still believe EUR is going to weaken, just not convinced
there's enough impetus right now to force it back lower into new lows with any real power behind it.
It's either going to fail here, as it's back testing the neckline of the head and shoulders looming
above it - high in London at 1.1671, so...
I believe we will hit target 2. The rest is speculative! If we break T2 SELL the BAT. If we reverse at T2 be prepared to SELL the trend line break lower.
40+ Pips BUY remaining to T2
Good Luck!
KEEP THE RADARS UP!!!
