Ok there seems to be a lot happening to back up a short. RSI Divergence Reversal candle Falling volume Previous support acting as resistance pushing down on price This setup has occurred several times in the past and every time it falls around 15% this would take us to the major trend line and 78.6% fibs. All in all this is looking like a good setup, wait for...
Candela di inversione su una resistenza importante, da verificare sul grafico daily ma anche weekly. Che ci sia una buona opportunità short nei prossimi giorni? Intanto ho individuato due possibili target, fatemi sapere cosa ne pensate e se può essere una buona idea di trading! :)
Bulls and bears have created the doji candle on the monthly chart. The doji candle after long uptrend might foreshadow trend reversal. Moreover this doji candle is after a long white candle. This means there is imbalance on the market. The market is "tired". The bulls might not have enough strenght to keep uptrend. The maximum of the upper shadow is the...
Doji at the daily pivot, get ready to go down to the first support level.
Hi guys, In effect, this is an extension of my aussie trade posted pre-Trump (26th October 2016) in which we bagged 500 pips. AUDUSD has seen rapid recovery off the back of both dollar weakness (mainly due to lack of details of the US administration's economic plans) and rapidly rising commodity prices, in particular iron ore (/it has rallied 10% recently,...
* Wyckoff Analysis * Distribution Phase * Doji @ top #Invalid above 12050
Gold sold off in the overnight session and tagged the 21 day MA at 1217.5 and then sharply rebounded to close just above the 6 and 8 day moving averages. I have been calling for a tag of that 21 day MA since Monday when price broke through the ice and closed below those moving averages. But now, price is trading above them and the future direction seems like it...
Price rejected moving average of 50 periods, creating a doji candlestick pattern. Waiting for a bearish movement till the ma200.
9950 is such a big level for USDCHF, if this holds we could see a nice bounce. BUY SIDE: I highlighted what could be an inverted hammer (depending on how the daily candle closes) if we keep a bullish body to the candle, 9950 could be a major bounce level for a big move higher, with tight stops below 9950. SELL SIDE: if 9950 doesn't hold I think the break lower...
Please see annotated chart for details.
Hi to all. This is my first chart published. Im brazilian and I speak english with some difficulties. Sorry! USDCAD in short term is overbought and I think it will make a retracement on Monday. There are two other reasons to do this: the price made a divergence in H1 timeframe and make a Doji Pattern in D1 timeframe. Nice to meet the community and good lucky for...
Above 4.09 Long leg doji for Friday Kumo is green (UP) KS is flat
strong weekly resistance and supported by a daily Doji candle
US30 has reach the lower side of the uptrend tunnel. Possibly another test of 20k or retest of the weekly trend line. If it breaks the weekly and forms a flag it could be time to sell the giant. Otherwise we might see 20k+.
- Broke through the monthly resistance after failing to brake on the 61.8% fib support. (4h) - Broke through the monthly resistance and bounced back from the lower channel line to the monthly support. (D) - On the weekly chart we see a "doji" forming right beneath the monthly resistance. (W) --> Wo wait for further price action to decide whether to go long or short.
USDCHF hit the monthly resistance 3 times before breaking the upper triangle line to the downside. The daily chart shows a double top on the monthly resistance which also shows a parish momentum. With a doji formed on the weekly chart and a bearish move following it right away we have a possible bearish move following.
GBPUSD broke through the trend line on all three timeframes (W; D; 4h). On all three he made a pullback, on the 4h chart he made a pullback with a doji which implies further bearish momentum.