Currently EURUSD is confined into a nice clear descending channel. However as the price approaches crucial 1.15000 monthly support, the RSI is indicating positive divergence. If the daily candle clears the descending channel and D EMA, we could expect this pair to climb towards it next resistance of 1.19000. THIS JUST REPRESENTS MY ANALYSIS ON THIS PAIR AND ITS...
TRADE TYPE: BUY LIMIT TRADE DIRECTION: LONG TIMEFRAME: 4H ENTRY PRICE: 1.23970 STOP LOSS: 1.23500 TAKE PROFIT: 1.24420 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade
Hi Traders, This is my view on this pair for the next days on #SPX500 using my 2 intraday strategies. (I’ve just shared my fully explained 81strategy on Tube) I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will...
TRADE TYPE: SELL LIMIT ORDER TRADE DIRECTION: SHORT TIMEFRAME: WEEKLY ENTRY PRICE: 0.85000 STOP LOSS: 0.87000 TAKE PROFIT: 0.83000 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade Full analysis behind this trade available in the related links below
This week we might witness USDJPY move up and down as many central banks announce their policies and NFP reading as well. The 115.000 strong monthly resistance is yet to be tested by this pair! Its surprising with such a powerful strong uptrend it was not able to test this level. However this week shall the descending channel break, we can see the pair climb and...
Have a look at the above image (EURGBP M TF CHART): It was crucial that the monthly candle close convincingly below monthly 0.8500 psychological support. Support break and confirmation would likely lead this pair towards the swing low (0.8300) Now looking at the main chart (WEEKLY TF EURGBP), we can clearly see that the price is in a descending channel and...
English: $LINK remains above the EMA (55, Close) but without clearly exceeding the bearish trend line. The Momentum has upward directionality but with an ADX below level 23, beyond that level the ADX would be confirming an upward trend that could take the price to the previous maximum, obtaining a 68% increase approximately. I would say that this is an ideal...
ADA has broken out sideways from its Descending Triangle. ADA is ranging sideways. ADA is also in a Symmetrical Triangle pattern, which is indicated by the descending and ascending dashed black support and resistance lines. ADA is now in a massive Bollinger Bands Squeeze. A big move should be expected, what direction that is, remains to be seen. ADA is still...
TRADE TYPE: PENDING ORDER (SELL LIMIT) TRADE DIRECTION: SHORT TIMEFRAME: DAILY ENTRY PRICE: 1.16800 STOP LOSS: 1.18600 TAKE PROFIT: 1.15000 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade
TRADE TYPE: SELL LIMIT ORDER TRADE DIRECTION: SHORT TIMEFRAME: 4H ENTRY PRICE: 1.16430 STOP LOSS: 1.16985 TAKE PROFIT: 1.15880 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade
TRADE TYPE: BUY LIMIT (PENDING MARKET ORDER) TRADE DIRECTION: LONG TIMEFRAME: 4H ENTRY PRICE: 1.37575 STOP LOSS: 1.36900 TAKE PROFIT: 1.38255 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade
NYSE:ANF setup: MACD crossing up Bullish bar today broke the trend line 20 EMA crossed above 50 EMA and they are both accelerating up together 3 bottoms since August Enter above today's high at 39.87 Stop under today's low at 38.42 (More conservative stop is under local low at 36.82) Take profit just under July high at 47.12 Risk/Reward ratio of 5.0
VET has broken back ABOVE its massive Symmetrical Triangle and has so far successfully tested it as support on this 1w timeframe. VET needs to 110% CLOSE this weekly candle ABOVE the Descending Trend-line of the Symmetrical Triangle. Note that VET is still safely above its Longterm Upwards Trend-line (Ascending Dashed Line) on this 1w timeframe. VET is still...
Gold closed below the triangle as shown in the analysis showing that gold could potentially go lower. However we could also see a fake breakout from gold with the news that sent the price of gold up on Friday. These are my ideas and where profits can be taken regardless of where the direction of gold.
Price seem to be supported by S2 MONTHLY PIVOT. A potential break of trendline could lead the price to aim towards descending trendline located at the area near S1 MONTHLY PIVOT. For the criteria to meet, The 4H candle needs to close above the trendline and 4H 50 EMA. After this the RISK TO REWARD needs to be evaluated based on WEEKLY pivots. This move is likely...
ETH is in a Rising Wedge Pattern on this 1d timeframe. A Rising Wedge Pattern is a Bearish Chart Pattern. ETH needs to invalidate this Bearish Pattern. At the moment of typing this, ETH is still above its Bollinger Bands Middle Band Basis 20 Period SMA. At the moment, ETH is below its Least Squares Moving Average (LSMA) on this 1d timeframe. Note that a close...
VTHO is still in a massive Symmetrical Triangle on this 1d timeframe and is fast approaching the APEX. VTHO has found some resistance from its 0.236 Trend-Based Fib Extension level. A close above this level and successful retest as support will be a very good sign, VTHO is in a Bollinger Bands Squeeze on this 1d timeframe. A big move normally proceeds after a BB...
Good afternoon folks, Happy Friday! On our hunt for some potential ideas forming this morning, we came across an opportunity in the EUR/NZD. At the moment price seems to have formed a nice higher low and has surged to the upside with a particular degree of momentum. Given that we have such a huge gap away from our 8EMA, I would expect the gap close to be well...