Exciting to see that it seems inevitable we will see the golden cross on xrpusd come wednesday. A small retracement on tuesdays candle is not a bad thing as it brings price action closer to the golden cross for the time it occurrs which usually tends to give it better odds of being a sustained golden cross. We might not see price action respond immediately but it...
Good Sunday Traders,
we are looking at the Euro vs. the Australian Dollar on the daily chart. I really like this trading idea and entered a short since 20th July. So why do I think that the EUR/AUD pair will fall at least to the neck of the right shoulder ?
First we see clearly the head and shoulders pattern with a little bit higher right shoulder against the...
Looking at the daily chart - price breakdown below wedge (in a downtrend). Target of the move down is equal to the height of the wedge at the widest point. target = about $1300
Hey trading community. Today i wanna share something special with you, looking at the daily gold chart. As we see in the blue box the price was in a range for many days and tested support and resistance both. After the newest low, for us it looks like the price retested the last support/ resistance. Also a nice indicator for this, is the last daily bearish candle,...
Hello traders. BTC/USD looking like it is about to correct, based on it's performance in 2017.
In the daily chart, we can see that bitcoin has a dip-dip period of around 2 months. In the chart, this period is shown by the horizontal purple line.
If we apply this period to the near future (next week or two) we should be expecting a major correction.
Strong support...
t.me
Looking on the daily Chart on EURJPY. After a triple top, its reaching for more downside. Opened a short position on early Asia Session at the beginning of the week, with +100 Pips at the moment. Im waiting for the trend / trend line to break before strong moves to the downside are possible. Also divergence is formed, which means that buyers / bulls are...
Hey Everyone!
Welcome back.
Today's first - and maybe only - trade is a gold buy on Daily Chart.
You can see that according to my view I am speculating to reach the previous high.
Risk/Rewards is 1:1.5
Do not expect any huge movement today, as many markets are closed.
Looks like AUD/NZD want to move further down. I don't feel that it's right time to go short, not either long yet.
I will wait and see if price goes down to trendline I have put in the chart.
It can be nice place to look for long.
123 BREAKOUT PRINTED
HEAD AND SHOULDERS PATTERN PRINTED
FUNDAMENTALLY BEARISH BIAS FOR THIS PAIR THIS WEEK
IVE BEEN IN THIS TRADE SINCE 1.44XXX BUT THIS IS NOT A BAD SETUP FOR AN ADDITION SCALPING POSITION
After the interest rate decision and the dovish tone from Yellen we have seen the price in Gold spike back up to resistance dating back to May 2016, i will be looking to short gold at 1240 should it respect resistance or look for a bearish candle on the daily close to see a sell off back to 1200, the dollar index will also be a key tool to decide price action.
A note on lower timeframe confirming price action…
Waiting for lower timeframe confirmation is our main tool to confirm strength within higher timeframe zones, and has really been the key to our trading success. It takes a little time to understand the subtle nuances, however, as each trade is never the same, but once you master the rhythm so to speak, you will...
