I expect the price to continue its uptrend for a day or two until it reaches the .382 retracement level, at which point it can then go either way - The price will break above the .382 retracement level in which case I'll go long expecting a take profit around the top of my Fibonacci retracement. or - The price will bounce of the .382 retracement level in which...
EURNZD end of considation within descending channel (bull flag), starting new impulsive up leg with HH HL.
For this trade I'll be using price action with fibonnaci levels to find entry and exit points. I already entered the trade with low volume. I am expecting this trade to be open for 30-60 days based on most recent price movement. Feel free to like, comment, or share you trade ideas here. The red line is the sort of movement I am expecting.
We recently broke the trend line of the rising wedge to the downside. The wedge formed the retracement back into previous structure and found resistance at the upper line of the descending channel. We could see a continuation of the downtrend here. I'm already short. My stops are above the previous highs @81.90's. Potential profits will be taken at the previous...
Hey guys! A couple weeks ago I posted about a Descending Triangle on EURJPY that seems to be near completion soon! But I seem to find signals that it will be an upward breakout instead! -Stochastics have shown a bullish divergence -Weekly chart Fib Retracements has shown that this Descending Triangle is resting on the 50.0 Fib Level Seems like it could be a...
I don't think that some comment is necessary. Market is very unstable. FOMC was desapoint traders.
Hey guys! Found a descending triangle continuation pattern on the EURJPY! Always remember to wait for the close BELOW the Descending Triangle before trading! :) Good luck guys! Oh, and I would really appreciate if you guys could give me a follow! Do share your thoughts with me! It will be a great learning opportunity for me to improve in my analysis skills!
How to be rolling in cash in no time and become a filthy rich highroler with shitload of money? My plan is simple. Very f****n simple. We all expect Bitcoin to cool down because todays price is simply too high. Unbearable. Todays price counts expectatons 20 years ahead. Real price should be approx $100. These days /till December 31st / we are in overall declining...
Greetings Fellow Traders, Following up on a recent EURUSD analysis, the market unfortunately at his time did not provide us with a support entry or retest of yearly lows....however it DID confirm the break of the Descending Wedge on the daily chart. I will be looking to enter a long position on a retest of this significant level. Please keep in mind that the...
The EURCAD is in a downtrend. Price for the last days consolidated to form a Descending Triangle that is an indicator for a further push to the downside.
Greetings Fellow Traders This is nearly the same chart as the previous NZDUSD analysis I posted, I've removed some of the elements and added some with commentary on recent price action. Key resistance level has been broken, the chart speaks for itself if you have any questions regarding the price action/entry feel free to ask! Pending Buy Limit .6510 or...
After a prolonged decline from 1.08 it looks that AUDUSD is trying to find a medium-term bottom. Does it also a correlate with XAUUSD which is also trying to stablizes after 3 years decline?! A break out of descending triangle would confirm the existance of a medium-term bottom. This is not a trading signal, and we need to look also at the weekly time-frame to...
After 52 days of consecutive downside action from the most recent high (daily) , is this now time to go LONG and back the bulls?, here on the 4 hour chart we have a nice double bottom play out and i believe we are heading back up to retest the 38.2 retracement. in confluence with this particular FIB retracement on the 6th of july we located a minor area of...
It's safe to say it's been an exciting day in the Markets, and to be honest we don't expect that to change much over the next week. As Greece came out of the weekend with absolutely no progress whatsoever, Risk Aversion took a hold within the markets as investors started pumping their money in to "Safe Haven" arenas. One such Safe Haven is the Yen, and it seems...
I found a pattern that was playing its game on the usdcad with the price making a double bottom on the hourly chart and the price action forming an inverse pin bar with a bullish candle following , forming then a morning star pattern that confirm the short ter bullish bias for this pair. At the moment the price made a higher high and besides the bad news released...
Right now, we are in a symmetrical triangle and we are going to have fake-out moves on the smaller time frames like we did just a few minutes ago that don't involve any real volume. Now we can see that consolidation is almost over and it's almost time to choose a trend. Since we made the peak at $315, we've had several patterns that might indicate a move, when...