Buyers tried to break 0.618 Fib. (H4 chart) but failed 2 times. Trend was on a good run but buyers are losing health and momentum. We can see lower highs and lower lows forming. MACD and RSI are in higher levels indicating there's a lot of room to close long positions. Let me know what you guys think, this is my first analysis :)
The 1D Channel Up made a Higher Low at 1.1352 on Friday (RSI = 47.251, MACD = 0.000) and should now technically start rebounding towards a new Higher High, which at this time is limited to 1.16230. This is because that's where the 1W Channel Down is expected to make Lower High and reverse. Attention is needed however as if the 1D Channel Up breaks the previous low...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Bitcoin is crashing and continues on doing the same !! BITFINEX:BTCUSD is down by more than 82% this year!!. We are looking for another significant drop to the @2000 level, thats another 45% wow! From my experience stay on the sidelines or short sell!! Follow your Trading plan, remained disciplined and keep...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 Days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @124.926 level and move towards the first Target 1 level @ 123.627 FX:EURJPY Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still...
The pair is close to pricing in a technical Higher Low to the 4H Channel Up (RSI = 52.159, ADX = 18.430, Highs/Lows = 0.0000). The pattern indicates that a Higher High will follow close to 1.30500. However we choose to pursue a more moderate TP = 1.3000, which is practically the previous Higher High, as we don't know if this is a 1D (psychological) Resistance or...
Technical Analysis and Outlook Sterling performed superbly by coming-off of Mean Resistance 1.2876 to fulfill Mean Support 1.2714 trading range for healthy 162 pips down and up in the same session. On the upside, we have current Key Resistance 1.2990 as a significant roadblock; however, while next Currency Rally 1.3026 is resting comfortably above. (For...
TRADE: EURUSD LONG (4H) After a strong retrace, we have a break up above EMA10 and MA200. MACD bullish crossover. RSI is on the bullish side. Direction, stop loss and targets are shown on the chart. If enough support is garnered for this trade idea, I will share with you ENTRY, STOP LOSS and TARGETS (TP). Thanks a lot for the support. Namaste.
The pair has made a potential Lower Low within the 1D Channel Down (RSI = 37.943, MACD = -0.070, B/BP = -0.1402) and although it may extend a little lower towards the 0.97234 1W Support, it should technically rebound towards a Lower High. We have estimated this at 10.200 and this is our TP. ** If you like our free content follow our profile...
The pair successfully made a Higher Low within the 4H Channel Up (RSI = 57.295, MACD = 0.008, Highs/Lows = 0.0000) and at the moment is bouncing back up. Our estimate for the next Higher High is 6.2020 but we'll use a more moderate TP = 6.1800. However this time it will be face heavy Resistance at 6.1250 which is the Resistance of the 6.0495 - 6.1250 High...
The price is trading within a standard Channel Up on the 1H chart (RSI = 57.398, MACD = 0.060, Highs/Lows = 0.0568). Today's 108.660 was the new Higher Low of that pattern and although it may re test 108.800, it should seek a Higher High in the next two sessions. Long, TP = 109.440. ** If you like our free content follow our profile (www.tradingview.com) to...
The pair has posted the first Lower High sequence on 4H since its December bottom. This creates the conditions first for a Descending Triangle (already on bearish STOCHRSI = 34.979 and Highs/Lows = 0.0000). The first TP is the Triangle's support at 1.2820 (the Brexit volatility candle's don't count) and second TP the 1.2705 1D support at 1.2705. SL as tight as...
The pair has been trading inside a 12-month long Channel Down pattern on 1M (MACD = -0.013, B/BP = -0.0366) and the neutral RSI = 45.338, Highs/Lows = 0.0000 indicate that we are close to a bearish reversal point following the rise since the beginning of the year. The Channel's Lower High was placed earlier in December and we have a long term bearish leg ahead of...
Very nice respect of the trend zone. Testing the 200 EMA and if we see a nice push upwards the 8 EMA will cross the 18 MA. Also testing major support. I'm long for now, already entered.
AUDUSD on 1/15/19 at 5:30 PM Buy target 0.73 in 1-10 weeks for 1.4% Price rally in the AUDUSD from September 2015 lows of around 0.70 to 0.80 in July 2017 is likely to increase demand.
The price is trading inside a 1D Channel Up, which has recently priced its Higher Low (RSI = 54.649, MACD = 0.000, Highs/Lows = 0.0111). We are expecting a Higher High now, hence we are long with TP = 11.200. In case the price reverses to test the support we will open an additional long at 10.800. ** If you like our free content follow our profile...
Low risk trade, tight SL if wrong. Ratio of around 5. Would expect upside movement to 75.00 and then possibly fall back to the 72.00.