* Retracement to key support at .618 + if it holds and bounces great opportunity for longs - otherwise if it breaks a short opportunity arises * Market Sentiment is overall short Contrarian pov to long * Stochastics are oversold on 4hr but not so much on higher timeframes + expecting it to make one final impulse before any major correction.
A bit hesitant to take this short as USD seems to be on the verge of reversing. Will be looking at how price reaches the descending trendline and then act accordingly.
Double top has formed. Trend line has been broken. Starting to make lower lows and lower highs on 15m chart. Starting to show rejections off 50EMA.
ALOHA Hope your May is on pace for dominance! There have been a lot of nice moves that I was not personally to capture but still stoked to be watching the strategies play out. I am currently sitting at -1% for the month with 3 BE trades. I am currently look at USDCHF reversal short. D - Price does not always have to touch a resistance or support line, the ray...
ALOHA traders! Hope you all had a dominating and profitable end of April! Here's a two trades, one that that I missed getting into but was able to capture a second minor move down where I was hoping for it to break down. The position I got in only lasted for less than a day, 14 hours with a manual close of +.73%. I was okay with closing it as I didnt want to...
Tim's MA-X Strategy. This is a Moving Average Crossover or MA-X Trading Strategy setup. MA-X strategy consists of the 100 period simple moving average (SMA) in red, and the 20 period exponential moving average in blue. If the 20 ema is above the 100 sma then we only take buys or longs. If the 20 ema is below the 100 sma the we only take selss or shorts. *In this...
The Nasdaq 100 have started to recover when it hit a strong support trendline. Other bullish indicators is : 1. Upward channel 2. Broken 40 EMA dotted line 3. Broken short term 40 EMA Trading has financial risk - always use Risk Management Long term setup
I think that in the direction of ema we hit the bottom and you think about it? :)
Its the previous update. We can see reaccumulation over 200EMA its a sign of strength it will push it more upside. BUY more here. Hit the like button if you find it helpful and informative and follow to catch every wave correctly. PREVIOUS ANALYSIS
1. Overall Bullish direction 2. Above 40 EMA 3. Broke rectangle and retested. TP Target 71.120
SHORT Position. Descending triangle pattern. Fundamental : Earnings miss. I entered this trade this morning at $100.95, adding more shares now. Looking good so far.
Hi Traders! If you look at the H4 Timeframe you can see that the market is neither in an uptrend or in a downtrend. Why? The market either need higher highs & lows or lower highs & lows to make a trend. And what do we see? What you can see is higher lows and lower highs and a Support-Trendline (on H4). However, in the H1 Timeframe you can see a tiny...
Good R/R, short term uptrend now reversing. Short mortgage co and banks. You can see it broke the uptrend on the 15 minute. makes sense in this market. Psychological stop @ 10.25-.10.29ish
Tim's MA-X Strategy. This is a Moving Average Crossover or MA-X Trading Strategy setup. MA-X strategy consists of the 100-period simple moving average ( SMA ) in red, and the 20-period exponential moving average in blue. If the 20 ema is above the 100-SMA then we only take buys or longs. If the 20 ema is below the 100-SMA the we only take selss or shorts. *In this...
Aloha,with the dollar (DXY) weakening, Euro could be a temporary long at least to the 50ema on the daily...we'll see what happens there: either a continuation long (a pattern will show us), or a rejection back to form a running channel for clearer direction. Placed the entry right above the 50 ema on both the 15 min and 1hr. First trade of the month. Another...
Evening Traders, Today’s technical analysis will focus on ONT/BTC, breaking a key level with conviction; an S/R flip retest is likely for a trade entry. Points to consider, - Resistance breached - S/R flip for confirmation - 200 EMA immediate resistance - 21 MA confluence (upon S/R Flip Retest) - RSI in overbought - Stochastics in upper regions...
EURCAD i think that it will start heading down after being breaking the support and the EMA headed in the candle. Comment about what you think will happen in the next few hours.