Possible SHS on EURCZK and the end of the uptrend after some rejections, i'm shorting since 27,40 and i think we can see 25,80 let's see what happens :)
Pattern: Parabolic rise on 1D. Signal: Bullish either if the 0 Fibonacci level breaks or if contact is made with the Buy Zone. Target: 28.7500 (the -0.236 Fibonacci).
ENTRY: 22.850 TP: 22.950 TP2: 23.050 TP3: 23.150 SL: 22.750 Chart time frame - 1D Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
Currently waiting on price to show some sort of minor exhaustion at this interesting area to continue this Bull Run. (Descending Trend Breakout Strategy)
Too late for entry on the south side of this trade, currently waiting for a minimized risk for our highest potential reward scenario. Waiting for Price Action to show out at our area of support.
For this exercise we are going to use PLNCZK as an example and allow a live swing to be setup. The banquet is over for bulls in this case after sellers capped the highs on three separate occasions each time driving the price out. Next came the spike down in thin markets, algos on the sell side helping itself to clean the board. But then came this breakdown...
An aggressive entry would be to enter at opening of market but i'd rather wait for a clear 4hr close before entering this set up assuring us that price will continue lower.
The pair is trading within a multi month Rectangle with 25.4100 being the 1M Support. This month 1D has succeeded at pricing a bottom on this support as it stopped the previous downtrend and consolidated (neutral RSI = 44.755, ADX = 16.849, CCI = -10.1188, highs/Lows = 0.0000). We are taking this as a strong long term buy signal with 25.8300 - 25.9000 as our...
The pair is trading within a +1.5years Channel Up (1M RSI = 52.074, MACD = -0.009, Highs/Lows = 0.0000, ADX = 35.324). This month it extended the rebound of the last Higher Low and also held the 1D MA200 (orange line). Even though the 1D MA50 is applying Resistance at the moment, we are expecting a steady uptrend within the blue shaded area, in the same manner as...
USDCZK price has arrived to a daily support/resistance zone, and it didn't break
We should bounce from the old trendline. Play the ping pong action.
The pair is trading on a year long 1W Descending Triangle with clear Lower Highs that provided optimal sell entries throughout 2019. We are currently on such a Lower High and with 1W neutral (RSI = 52.272, STOCH = 45.628, Williams = -46.569, Highs/Lows = 0.0000) we are targeting the top of the 1D Support zone (TP = 25.62400). Notice how a 1D Higher High sequence...
Clear range pattern developed. Price is at major resistance. Breakout here is possible but playing odds that resistance holds and we retest support over the next few days.
CHF Quant Score - The current score is 0, but showed a positive shift from -25 previously... this gives an early sign of strength. CZK Quant Score - The current score is -25, and shifted from -8 last week, showing a continuation of weakness. Technicals - 4HR engulfing and support area. - 4HR Buy zone - High break on the previous break out. - Higher low
The Euro has been appreciating against the Czech Koruna since the currency pair reversed from the lower boundary of a long-term ascending channel near the 25.40 mark. Given that the exchange rate is being supported by the 55-, 100– and 200-period SMAs (4H), it is expected that the rate targets the Fibonacci 0.00% retracement at 26.16. Technical indicators for...
The price is trading within a 1D Channel Up that is now on Higher Low level (RSI = 49.861, MACD = 0.107, Highs/Lows =-0.0169). Since every Higher High is -50% the value of the previous one, then the next TP should be near 23.22625.