I'm going to be patient for this one, price has broken the trend and retested, however I'm waiting for a Moving Average crossover as I might get caught out by ranging price action.
I'd say the 0.5 Fib level would be a good place to put a TP, but if you're feeling adventurous you could go for the upper resistance around the 100% Fib range.
DASHBTC looks strong during the current BTCCNY & BTCUSD turmoil.
Now it reaches another important milestone on its up-move:
While the price is trading above the Ichimoku Kumo Cloud, the Lagging Span (Chikou, the green line) is fighting to cross the upper border of the Kumo, both on Daily and Weekly charts.
If Chikou succeeds, we can expect DASH to rise up to ...
GBPAUD - 4H TREND FOLLOWING STRATEGY
GBP is losing momentum over a few pairs from current uptrend.
Lower highs are being made.
MA gaps are closing and should cross and stay below MA60 indicating new downtrend.
Currently looking for a test of resistance MA40 below MA60, with a bearish conformation candle for entry.
Additional strength to theory - Entry from ...
Hello, a lot of pairs are curently pulling back from recent runs, giving us good opportunities to enter following the momentum. Waiting on NZD/CAD to reach 0.382 fib, which would coincide with 1H 200 EMA and daily 50 EMA with 20 EMA possibly crossing it.
Hope you liked this idea, wish you all good luck!
Hello traders!
As you probably noticed Copper broke out the asymmetrical triangle started back in June 2016, also crossing the 200 EMA. Given the strong momentum I think it's possible that price will raise higher and retest the previous swing high reaced in mid July. Of course there's a possibility of false breakout, in that case I think price will go back to ...
Potential to go long on a reaction of the previous support/TL. I will more than likely look for a strong rejection on the daily TF to go long. However another possible point of entry to go long would be a clear breakout above the 78.6% fibonacci on the lower TF and a cross of the 240 TL.
Let me know your thoughts.
USD/JPY - Currently touching the daily resistance TL, looking for a breakout and a bullish move up towards the 38.2% fib level. MA has shown a bullish crossover, with RSI and Stochastics also appearing bullish into the coming week.
Double top formation showing strong resistance at around 1.07524. From the second high point on the double top there has been an MA downside crossover and a strong bearish movement down to the weekly trend line support which we are now sitting on. We could see a break of this trend line and see new 2016 lows or we could see a potential bounce from this trend line. ...
Long entry on USDCAD on the Daily TL.
- Upward trending channel
- Crossover in inner trend channel
- Crossover in MA
- RSI and Stochastics look bullish
TP set at 1.33120 at the moment.
USOIL Looking Bullish
Jan/Aug 2015 Support range
Down channel from 2014/2015 Broken
Bullish flag breakout
EMA200 Breakout
Double top
RSI bounce
Prev 2 days BULLISH
......................
Looking for LONG TRADE entry
Bullish Crossovers tend to show strong break outs for $AUY, 3 times in the past it has lead to large breakouts, RSI in mid 50's and increasing volume also give more evidence of a breakout.
wallsthooligans.com
Hello Traders!
Today FX:USDCAD is on my radar. Here is a very nice shorting opportunity.
At last the price has broken a big triangle, found support @1.3175 and forming a flag pattern, and this means that market is going to fall even more. We have 2 opportunity to go short:
1. Sell around the PRZ,
2. Wait for the market to break the flag and support, retest it ...
We are in a crossroads between major trendlines here.
This forms a triangle pattern on which you can apply fib-time lines to predict a breakout (0.764 fib-time).
I added some interesting levels and other trend lines aswell.
How to trade it:
Depending on what side of the triangle (bottom / top)
the price is closer to while approaching the 0.764 fib-time,
you can ...
