I expecting pair to meet 200 ema again. I think pair will be stopped by 200ema and this is the time I will be looking for short position. My TP is 1.2254. I almost certain like most traders here that his pair will reach 1.200 sooner or later but currently can't find good entry point.
I marked rounded bottom on the chart. Pair is currently trading above very important Fibonacci level which is 14.58%. This formation combined with 200 ema is suggesting solid bottom and probably rebound to 50% of previous big move. I wouldn't be surprised if the pair will go down just to touch the closest lowest low.
It is perfect rebound from the very solid support. We can see on daily chart really perfect triple bottom formation. I would set up TP area near highs but it can change over time. really good buy signal. I took closer look: 1st bottom we see morning start formation with upside down head and shoulders formation. Shoulders level above 10k 2nd bottom upside Head...
This is perfect situation where short position has potential to bring some nice profits. 200EMA tend to stop corrections and put pair back on track followed by latest trend. I drew the line along three tops which perfectly stopping pair and pushing it back south. I would set TP just before 0.7000. It is hard to predict how the pair will act in the next couple of...
Pair is heading south faster then expected. It seems like it found some support around lower GAP. It worked fine as a the support in previous attempts. I think that possibility to test lowest low from 7/11/2017 is very possible and this is the moment it would be good idea to enter the market. When the Stratis will hit 10k which is strong support and it should...
We have nice three black crowns formation on daily. There is double bottom which in my opinion is kind of false signal. It is pushing pair higher but it seems to me that the bulls power is not enough and EURUSD is preparing to go lower towards 1.500.
We witnessed sharp downtrend for the one month which starts in the mid of June. There is almost perfect double top formation which based on my experience when is respected by market tend to move price in desire direction for some time not just few days. It seems to me that there is struggle to leave the pair above first GAP. I personally don't think it will stand...
'2' AS THE 1ST TARGET EMA ACTED AS RESISTANCE
GBPUSD IS GOING TO RETEST THE 200 EMA AND I WILL BE LOOKING FOR A TRENDLINE BREAKOUT TO GO LONG
A lot of people learned not to panic when this is over...
Yes. I think this is the time to sell again. While we might have one more pop up to the daily 200 SMA at 1232-33$ gold should be ready to break the support of 1214$. Have some dry powder for that final bounce to 1233$ in the next 24 hrs but I don't want to risk getting left behind so I re-entered into the short position here at 1228,5$. After we tagged the 50...
Pair bounced with solid bullish candle on 4H. 200 EMA gives it nice support combined with 50% of the big caffeine bullish candle on daily chart. I would consider this as long term trade. See link for detailed information.
I was just checking the charts today and found this very powerful pattern which is driving the financial market since ancient time. Three white soldiers’ formation. Based on my calculations I can found out in very precise manner take profit area. It is hard to say the exact time when it will happen but it is almost certain that this level will be reached. We can...
There are two important GAP’s marked on the chart green rectangle and red rectangle. These two are respected by market for quite some time. I think these two will play important role as the support if the pair will go up. Fibonacci retracement 61.8% level stopped losses. This pair might create some kind of cupandhandle formation in future. Let’s see what kind of...
Based on my calculations we have profit after 2 attempts around -4%. I pretty positive about this one. Pair is raging battle with 0.015000 level but it should be broken soon and this should open the way towards 0.01000000. We are aiming here for around 30%. If you follow just please let me know or just keep an eye on the comments just in case something will change.
As you can see on the chart, the bulls have pushed price above EMA 50 line. The volume on those two candles is very high, which is good indicator of coming correction of this downward move. I'm expecting this correction to hit fibonacci retracement level between 76,4% and 85,4%, than the further downward move with new lows.
100 was the major support and I think it is not over yet. I see here potential for this pair to go as low as 36. I linked chart for silver for the last 10 years which looks very similar to the BCNBTC. I think we finished 1st Elliot wave which has length around 275. Second wave is not finished yet and It can go way below 100. The really good news is that the wave 3...