HEY GUYS THANKS FOR THE FOLLOWS NZDCHF IS GOOD FOR ENTRY - IM DONE WITH TRADING FOR THIS WEEK - IM A SWING TRADER I MAINLY JUST HOLD POSITIONS AND LET THEM PLAY OUT -HAVE A PROFITABLE WEEK AND A BLESSED WEEKEND
on the weekly chart, I see potential resistance zone marked out which has been tested several times so I am hoping price will be influenced by sellers hopefully and that selling pressure will be emitted due to psychological levels. Also this is in confluence with the downward trendline as well so I am hoping price reacts to that. This is a position trade as well...
DXY in a clearly visible uptrend currently approaching the top of the channel. Price most recently has retested a support zone in which price has respected so we are expecting to retest tops - potentially forming a double top before opening the doors to selling pressure in which we could retest the support zone once again and also test channel support.
NZDUSD Daily Breakdown NZDUSD remains in this downward channel, creating lower highs and lower lows, we can expect furthder downside continuation if price breaks and closes below the 61.8% fib level. Overall longer-term bias -- Bearish Follow for more updates on this pair going into the week ahead. Happy Trading!
short term goal, it is following a downward channel and wait for retracement to confirm trend pattern.
#ETC started this week very Bullish and followed a perfect Elliott Wave to rise 23% over two days. After that #ETC moved into a correction that has now become a very Bearish Descending Triangle and have retracted 12% in the last three days. Bear Trends typically break downwards and with the trend on weekends for Altcoin prices to fall we can expect either a flat...
My daily update on XRP/USD... overall I'm bullish, but i'm thinking we might see a little downside before she really makes a decision on where she wants to go. I do believe the low area I mention is in play at the moment. Have to reassess each day, but I'm thinking it might just happen. I think the downward trend line and previous support/resistance zone is...
Okay, I drew some more lines and arrows on my chart, but I also added some boxes and more text! Here's an update to my first Double bottom post. This interpretation was formed using my own set of highly technical and complex algorithms that I like to refer to as.. pure speculative imagination! Our second little bull flag did indeed form. It's not a lot, but...
Okay, I was tired of everyone else having all the fun. So drew my own lines and arrows on a chart. Here's my first analysis. This interpretation was formed using my own set of highly technical and complex algorithms that I like to refer to as.. pure speculative imagination! It might be a little early to call this one, but it appears a second small bull flag might...
Hello Traders, I’ve been watching FX:XAUUSD for about a week and been trying to find a setup for entering into the strong bearish trend, at least for the short term. Zooming out the price action chart, I was able to recognize a really well developed chart pattern which is called the descending triangle. These types of triangle are usually taken as bearish...