Daily charts represent series of data points where each data point is comprised of the price movement for a single day of trading. This chart type has been used for a long time by traders and typically applicable for swing or position trading.
Gold is really interesting for me in the next trading week.
On the chart you can see my entry points.
You can see there are reasons for a little consolidation.
For trading the long scenario would be better.
no trade recommendation!
I just received a short signal on the weekly timeframe , so I decided to go check out the h1-h4 timeframes.
We have a confluance of :
- Resistance zone
- EMA Crossunder
- Fib rejection
- Double channel rejection (1 breakout & retest)
Good luck to all !
(You can also watch below for Weekly analysis)
Hello everyone. My name is Virginia TElphee and today I’m going to explain to you my thoughts on USD that will help us better navigate ALL forex markets in the coming months. Please note these are just my opinions and should not be considered investment advice.
Looking at this Daily candlestick chart of USD index – ticker symbol DXY a few general observations are...
What's coin on guys?
Daily candle closed as a shooting star, and that is indicating that bears have responded with great volume. We might see a stronger pullback in the next few days, but, anything is possible as always...
Chart time frame - H4
Timeframe - 1-3 days
Actions on -
A – Activating Event
Market will meet resistance @83.93 level and fall to the @82.4 level. In order to enter, the pair needs to be rejected by the Bollinger Band line....
B – Beliefs
Market move towards the first Target 1 level @...
I've been following this chart for some time now and have made several successful trades.
The red resistance lines were originally created using the fibonacci tool
The support we are nearing of 3200 is from August of 2017 and the resistance lines can also be used as entry and exit points for daily traders
If you have any more questions feel free to contact me...
Hey Guys !
There is a nice short entry on BTCUSD .
Accumulation/Confluence of :
- Fib 50%
-Double trendline retest
There is two targets on the chart, I suggest you to put your stop loss as soon as the first target is hit.
& Follow me for more opportunity !
It has been moving down since it attempted to test the 4980 satoshis level after moving above the 4033 satoshis level, then it started to loose its momentum and corrected to the current levels. It has been testing the 2130 satoshis level and it successfully tested it and now it looking to break the descending wedge and looking at the 2583 satoshis level. If might...