Have a look at the main weekly TF chart of EURNZD pair. From here its clearly visible that the price is confined in an ascending channel which has been held on numerous occasions. However at the moment the price seems to be too aggressive to the downside and has potentially violated the channel pending today's weekly candle close! The four horizontal red...
Have a look at the main weekly TF chart which shows the price of EURUSD confined in a long term held and respected wedge ! The blue horizontal lines are the nearby support and resistance levels taken from the monthly TF . Several months ago this pair formed a bearish H & S pattern on the weekly chart which was broken as the price started to accelerate downwards...
USDCHF formed a 4H H&S pattern, Price crossed 50EMA throughout the right shoulder, looking to go down to the bottom of the Daily descending trend. Let me know your opinions!
H4 AUDUSD, Formed an inverses H&S, crossed 50 EMA throughout, and also restest the line of breakout. I placed a buy as soon as break happened, expecting AUDUSD to rise up again next week. Let me know what you think!
Step #1: Make Sure Your Chart Setup Configuration Looks the Same as our Price Chart Step #2: Wait for ATR Indicator to break above 20-EMA Step #3: Check the Price Chart to Ensure the ATR Breakout is followed by a Price Breakout Step #4: Enter Short Once we break Below the Low of the Breakout Candle Step #5: Your Take Profit Target should be Equal to the ATR...
This is a monthly TF analysis of the yellow metal. The main chart shows numerous horizontal lines, these are concrete support and resistance levels taken from monthly charts. This year many people predicted the yellow metal to break out of its long term held range and it happened! After 1370 level was broken, the next hurdle was present at 1430 which held against...
The 3 horizontal lines visible in the main weekly chart of WTI are concrete support and resistance levels taken from monthly TF. Currently the price is at 60.00 and there is a descending trendline preventing the price from climbing further. From a technical perspective, once this trendline breaks, the price on the monthly charts must close above 63.00 concrete...
A rebound trading opportunity that you can expect from 3Bottom
There was a signal to rise. Now it's time to start.
1. Possibility of supporting a short-term property base created by this upward trend 2. Possibility of 1D EMA support to maintain upward trend 3. Bullish Elliott Wave 4 Possibility of wave motion Goal: The trend line that supporting the previous day Or Fibonacci ratio can be estimated around 2.618 position Note: The forecasts are always wrong because the...
Was just messing around earlier and decided to check out what a two day chart looks like as well as a 3 day and wow.. Look at my chart and see where the FFT (colorful indicator) turned blue like that n the past and what happened after it started to trend up.. Now look at where we are today and look at how strong that movement up is!!! Wow i think we might be...
Classic, simple trendline break trade. It is good to wait for a lower low to be made for the trend reversal to be confirmed. Then I like to enter on the next lower high for a better R:R entry. Use the 1hr 50ema and daily pivot as dynamic resistance once both are broken and the retested from below.
Have a look at the link below for full trade analysis behind this trade set up INSTANT ENTRY: AT AROUND 1287.00 LEVEL TAKE PROFIT: 1310.00 STOP LOSS: 1264.00 POSITION: BUY/LONG RR: 1:1 The trendline was broken and now the price will likely aim at 1310.00 level where an established high is present. should the price breach that level we could opt to take this...
Channel on RSI and price action now. RSI is oversold => Price can increase to 8k4$
1st time to post an idea on DAX30 as many friends are so interested in trading this one. Here we got an 30min shooting star after it finished daily 8ema correction and pulled back to the daily supply, Also, in terms of 8ema, this trade also got abundant ema correction rooms! I would like to take the short with a 11898 sell stop If it makes new high before...
Is the bottom in!? Are we heading to the moon!? Let's jump into the charts! If you are following my last ideas on ETN then you will see I pointed out a possible bottom around 40 sats to 30 sats. Looks like we went down to 44 and now heading back up. However, before we blast off to the moon we need to look at a few things. The EMA 21 on the daily chart has...
Have a look at the main chart, where the pennant on the weekly pattern has been broken!. At the moment both technical and fundamental factors are with this trade setup and the price will likely target the next support that lies at 0.64000 level. The above link leads to the trade setup details on this pair. Please read the related ideas section too on the...
Have a look at the main chart where the monthly TF shows the price confined in a long term triangle pattern which has been respected on numerous occasions, especially the upside trendline of the triangle. The EMA 50 has been respected too in this case and shall the monthly candle close below the 0.67000 level, we have a very good chance that this price will likely...