The bounce in Cac after the big October stock rout has pretty much run out of the energy. It has traded back into the 5080 - 5180 area before the last down leg. Now there is a sign that it might be breaking down from this trading range. However, the break looks lacking conviction and absence of follow through. It is possible that it gains down side momentum during...
W1 - Bearish convergence, we may now expect pullbacks to happen and then we may expect bearish continuation. H4 - Two false breaks with bullish divergence. We may now expect the price to move higher and break above the critical zone, we may then expect pullbacks to happen with hidden bullish divergence to form. We may then start looking for buys with more...
A false break of the yearly high is a sign of weakness. After the running the stops and testing the break out point, it is possible for the Dollar to make another high making a big MM like crown formation. But a high probability scenario is for it to test the major fib retracement level before coming down hard.
D1 - Currently it looks like the price is breaking above the top of this channel. We have two false breaks with bullish divergence, followed by bullish convergence. H4 - We may now look for pullbacks to happen towards the uptrend line with bullish hidden divergence to form, we may then start looking for buys with bullish evidences.
D1 - Price reached the downtrend line. If we didn’t get a valid breakout here, we may then expect the price to respect this trend line and move lower again. H1 - Price broke above the critical zone, potential bearish divergence. If this turns out to be a false break, we may then start looking for sells with bearish evidences. If this turns out to be a valid...
W1 - Multiple false breaks, bearish divergence and the price is below the critical zone. H4 - We have a critical zone that has formed. Currently everything looks good here for the bears, if you find a good risk:reward ratio you may then start looking for sells with bearish evidences until we get any opposite signs.
Fibonacci is real and Bitcoin is coming. As long as we consume electricity at an expense and profit form it.. Super conductors are about to sky rocket too... Gold will have another runs soon.
H4 - Price has reached the top of the channel, we have bearish divergence and false break. Until the price is below the top of the channel, we may look for sells with bearish evidences. Invalidation: If the price breaks and holds above the top of the channel, then this setup will be invalidated (false breaks can be neglected).
D1 - Two false breaks and bullish divergence. H4 - Once the price breaks above the downtrend line, we may look for bullish evidences and start looking for buys. As long as the critical zone is holding we can expect the price to continue higher.
W1 - Potential second false break with bearish divergence. D1 - Price is currently near the middle of the range. H4 - We may now look for pullbacks and sells.
Hello again everyone. It's been awhile since i published TA here. So, when we look at the bigger picture, there is a possibility of a false breakout. a false breakout is a bullish sign. The last time it touched the support line, a bull run occurred. Comments are welcomed. Feedbacks as well!
D1 - Price reached the bottom of the triangle, bullish divergence. There are two possible scenarios from here. H4: Scenario 1 - We may expect a correction to happen until price reaches the zone between 123.90 - 118.71. Once the correction completes itself, we may then start looking for buys. Scenario 2 - In this scenario we may expect a deeper correction with...
after false break of support @1.33022 the price stable above the support level that it was resistance level before and make higher high and higher low and higher high so i will buy this pair buy Gbp/usd stop lose @1.33022 take profit @1.37157
D1 - Hidden divergence, price is currently retesting the bottom of the broken channel. H4 - Bearish divergence with false break. Price is at the top of short term channel and is moving inside a triangle pattern. Once the price breaks below the bottom of this triangle pattern we may start looking for sells with bearish evidences.
Market has been in a range from the 1.163 level to 1.207 level. Price action towards support at 1.163 is clean. Price took out the previous candle structure low on 7 Nov 2017. There was strong price rejection following this. Sellers who short the break of the support are now trapped, many would sell off their position when price goes to breakeven, fuelling the...
D1 - Price has currently reached the confluence supportive zone formed by the bottom of the channel and the 161.8 fibo extension level of the double cycle. H4 - Potential second false break and bullish divergence forming. Once we get a second false break with bullish divergence we may consider it as evidences of bullish pressure and then we may start looking for buys.
Overall trend is bullish as above 200MA False break Setup: Candle movement towards support looks clean, will go long if the market takes out previous structure low and there is price rejection towards the long side. Entry: enter after price rejection on candle open SL: 1ATR below support TP: trail on previous day candle high
D1 - Potential false break at the bottom of the channel and also it has created a double bottom. H4 - Bullish divergence. If we get a break above last high, we might look for buys versus the last low. We may look for buys until price reaches the top of the daily channel.