Hello everyone. Gold remains in a bullish trend and found some exhaustion points recently: - S13 and A21 on 08/08 - C13 on 08/13 - Nested S21 on 09/23 Despite these last exhaustion points, the daily main bullish sequential countdown has not been invalidated. This bullish countdown is currently on a bar 5/13 and its last increased bar was on 09/04. With the...
GBPAUD - Selling opportunity i have my reasons for entry just making you aware that it could be a nice entry Happy trading.
We entered the third era of Bitcoin , the rebirth with an increasing weekly traded volume at 75,000 coins and a succession of RSI overbought levels marking an uprising bullish strength. After settling at the lowest level of the era 3500.0 USD per coin, the crypto is aiming for 20000.0 and upper levels with its third euphoria. The current support @6000.0 acts like...
Well there is a possible bear channel forming on the 4H, indicators and also the EMA on the 4H are suggesting an exhaustion of the trend, the EMA are really father away from the price and spread, in this situation price trend pull back at EMA/MA then follow the trend again. Possible another drop, but also a bounce is incoming soon.
Reasons of Placing the Trade: Oversold RSI with divergence Volume Increase Multiple reversal attempts along the bearish move Setup: Stop Loss: 50 pips of length @1.09200 Take Profit 1: 100 pips of length @1.10800 Take Profit 2: 170 pips of length @1.1150 Reward: 3.5:1 and 2:1
After price broke out of a highly respected uptrend, price squeezed and broke out bearish (Impulsive Wave). Currently we see price rallied at a very attractive reversal level(Exhaustion), (Fibonacci 61.8% Retracement) Price is Accumulating at this Level so we are awaiting for confirmation to enter this high probable continuation of trend to the downside. Trading...
The Pound is Aggressively pushing higher and higher breaking Key Levels of Structure showing us the Pound is not slowing down and if it does, it will be an exhaustion. I'm highly interested to find Trend Continuation Confirmations at our Swap Level which is our Support in our Bullish Parallel Channel also this level being a 50% Retracement.
My reasons for this trade are: on weekly we can see price is looking to close as an inverted hammer (still waiting on close). On daily we had a strong bearish close yesterday showing momentum to the downside, it also closed back into my daily channel. We have seen some exhaustion on 4H between the 20EMA and 50EMA. Price is looking to test the 4H 20EMA at my zone,...
Price Action (Technical Analysis): I don't like to over complicate analyzing any pair or currency so here we have the Dollar rallied up to an interesting area to begin reversing and possibly breaking below our ascending channel. Price can very well progress to faking out retail traders and push up higher into our resistance zone. Fundamental Analysis: We mostly...
Trade Idea The rally has posted an exhaustion count on the daily chart. Price action has formed an expanding wedge formation. Our medium term bias is bearish below 0.8919 towards 0.8826. There is scope for mild buying at the open but gains should be limited. Preferred trade is to sell into rallies. Intraday signals are far from strong. We look to Sell at...
Here we can see heavy resistance around the 110.400 region. I personally entered short positions on this after seeing the exhaustion presented to us on the H1 time frame around 7pm - 1am here in London. A much safer entrance would have been at the closure of 2am H4 candle as you may notice the shooting star formation emerging. With my riskier entry I did however...
Since its last low at 0.70570, it has risen to 0.71680 and currently performing a correction before going higher. At its current "drop" from 0.71680, it has reached an approximate price of 0.71000 and is moving within a "downward sloping flag" which means it will bounce back higher. Downtrend + Downward sloping flag = Reversal Look for an entry to ride the big...
Exhaustion pattern has occurred based on three touches, broke below and now retesting. as I've seen a 3 bar reversal pattern at the retest I have found reason to be short on this pair. any questions don't be afraid to ask :)
OANDA:GBPJPY After a strong bullish retracement, the pair succeeded to cross the 0.618 fib level on the daily. However, just after that, we can notice a strong pullback, a sign of exhaustion that pushed GBP JPY down to the 0.5% fib level. Historically we also can notice a bearish zone just above the current higher high. We have had a selling wick just after the...
After the harsh drop of 2018 in the stock market we've now enjoyed a signicant uptrend. However looking at the body of the green candles we can see them getting shorter and now recently some red candles as well. This already signals a weakening in the uptrend but now we also see a "abandoned baby" -pattern. This is usually a rare pattern but has been previously...
After a break above structure on Lower (1H) TF resulting in a bullish engulfing on the Daily TF, im expecting exhaustion to the psychological 1.13800 area where i will be waiting for bullish confirmation on a lower TF to enter long
I'll keep this one short. Low volume rally after the rejection candle two weeks ago. Bearish divergence on all momentum oscillators (daily timeframe) showing the uptrend is slowing down and nearing the exhaustion. Might make one last push into the red zone (not necessary, but possible), and then I expect a deeper correction down to the targets below: 1. 566 2....