If the price definitively broke down the green bullish trendline , it could have a dump and reach the support at 10,400 USD. If the red resistence broke down, an impulse at 11,400 USD is likely to take place. Keep a very close eye on this graphic!
Traders, Gold’s rally 1046.54 to 1375.12 labelled (i)-(v) confirmed the reversal signature and is indicating the end of the corrective structure from late 2011 with a Double Zig-Zag pattern at 1046.54. This larger pattern is labelled, unfolding as a primary degree impulse, 1(circle), 2(circle) and is getting ready to break to new record highs for gold the next...
4HR After a few fake breakouts im waiting for a complete break of the weekly resistance in this reason my flat of resistance, in combination with the lower trend line my next target is the 1.7830
BTCUSD So? What would you do? Bitcoin is touching resistance... will it go down? Dead cat bounce? We still have another resistance to break through, the one drawn from the ATH, can BTC make it? Fib 1.6 retrace would be at about 7200. Short? Bitcoin is touching resistance... AGAIN, didn't we touch it 2 days ago? Reversal? Sideways? Moon? Volume is...
orange boxes are possible reversal zones I think we breakdown at the end of the pattern to the horizontal support or fakeout upwards to the reversal zone and break downards Daily Log RSI and Wavetrend don't indicate oversold yet. More accumulation to come inside this order block Looking for volume and/or deviation from pitchfork as trend confirmation
Price made a big time fakeout yesterday, now looks like price broke above resistance & is now retesting turning into support now. Watching for a daily closure for potential buy positions.
Orange Juice has had an incredible move to the downside in an easy walk down fashion. Textbook counter trend price action has brought price up to where it is and has now formed a fake out inside bar after a double legged pullback.
The last move up will complete the first bullish impulse with a fake out close to trendline. Continuous divergence on the MACD will potentially drive price to the support area of 200 Moving Average, before the move up. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying your strategy to the pip. 3) Invest to yourself and then your...
MACD on Gold daily chart was an excellent buy sell trigger until just recently. Check out the chart... the MACD has been for a long time an excellent buy and sell trigger. It has returned an excellent ROI. Price discover in Gold has all but disappeared on the last year and now the MACD turns up and then what's new is it turned right back down at the bottom of...
Cadjpy is currently sitting at an inflection point, 88.6 level. Which is critical for both the bulls and bear. A bounce would validate a long term inverse H&S patterns being played out since 2015. A break below the neckline of 88.6 would probably trap bulls in the 88.6 - 91 region. (Fakeout) A long trade would yield an impressive R:R if the bullish case plays...
OVERALL LOOKING LIKE A FAKE BULL RUN . ON DAILY DXY DROP DOWN TO MY 161.8 AND BOUNCED TO 127.2 & STRUGGLING . LOOKING LIKE A DROP ONCE 4H UPTREND IS BROKE . LOOKING LIKE IT WILL BE HEADED EITHER 261.8 OR CONTINUE TO 361.8 ONCE MONTHLY IS BROKE ONCE AGAIN FROM EARLY SEPTEMBER . GOTTA BE PATIENT THEN REACT TO THE MARKET .
We watched for a very very long time as ETH was forming a rising wedge. Then it broke up and we all of a sudden got bullish and looked at the smaller time frames. @crimsonr was nice enough to pull my head out of the sand. The rising wedge had a fake out breakout and has now collapsed and is falling under the wedge. Doing a proper count now you will see that we...
XRP has been range bound a for quite some time. A recommendation on trading positions would be ill-advised at the moment but based on our symmetrical triangle, its evident that a break above the %50 retracement level would signal a bullish move. Buy orders trigger after a day or two close above the 50% mark. A fake-out may ensue after interest is overtaken by...
BTCUSD Update: 4104 level holds while price pushes back into resistance zone only to stop at the 4352 to 4407 minor resistance (.618 of recent bearish swing). Is this price action bullish? Not on the bigger picture. The price rally that occurred near the 4104 support level that I wrote about in my previous report is the type of move that is great when trading...
GBPJPY Retested broken trend line. 200EMA Acting as dynamic resistance 0.382 On fib acting as resistance? Enter IF Maybe enter if there is candle stick pattern. If there is bearish 8EMA21SMA crossover. If there is nice big bearish candlestick formation. There is a lot of bearish volume. Or on my other trade you can see a nice support zone on this pair. If it...
The trader sentiment for gold is pretty bearish after last Friday. To me this sounds like a perfect opportunity to trap some bears. In my opinion gold is still bullish as can be seen in my previous gold chart. Trade safe everyone