The price has made a double false break and this last one was with a bigger momentum so we are expecting the price to continue the downward movement. It also broke the trendline so that is another confirmation. RSI shows confirmation as well. Comment your thoughts!
NZDCAD rebound from demand zone False breakout is occured on last support at level 0.8629 RSI on H1 frame shows positive divergence Price is based above HVN at level @ 0.8637 It's expected to restest the key level @ 0.8737
Market breaked the triangle resistance, Today it will come to retest that resistance, If it fails it will came inside the triangle and the breakout may became an false breakout and we may expect to come support one and two. other wise it will reject in weekly resistance. 12360 is todays highest target in uptrend.
Explained on chart
Pros: - Force Index making lower highs when prices are reaching higher highs. - MACD bullish divergence - SMA 200 bounce Cons: - Stock started to make higher lows. (More bullish) Trade Grade: 6/8 - Profit potential: Average 1 - Divergence: Good 2 - Candle signal: Good 2 - Emtry timing: Average 1 - Counter trend trade?: No (0)
So China news came out, everyone feeling like a record rally since 2017 is set to change the whole bearish structure since the start of the summer... Guess what. Drawdown will go up for many of whom goes long before price begins to do higher lows & higher highs. People are obsessed saying fundamentals move the price of Bitcoin every day. FAR FROM THE TRUTH. It...
Pros: -RSI overbought - MACD and Force Index divergence Cons: - Counter trend trade Overall Trade Grade: 75% (9/12) Trend: 0/3 MACD: 3/3 Force Index: 3/3 RSI: 3/3
Pros: - MACD and FI confirm the move by ticking higher with prices - Inverted Hammer + Hammer combo - Overall high lows near SMA 100. Shows bulls strong attempt to push back above sma 100 - Cons: Volume is decreasing as price increase in general near the sma100. (I ignored this because I am testing the theory to depend on FI instead of just pure volume) Overall...
STRATEGY: False Breakout Strategy/Counter-Trend Long Term Trend Time Frame: 1D/4H Focus Time Frame: 1H Market Condition 1D: Short Term: Downtrend (based on 100ema) Long Term: Sideways Market Condition 1H: Short Term: Sideways Long Term: Uptrend (based on 100ema) Area of Value (AOV) Resistance: 1.32915 - 1.33813 Support: 1.31118-1.30205 Entry...
Hello, After this, I think that GBP/USD will go long if it makes a false breakout from the resistance/support line. I would like to say that I'm still learning and that I'm not an experienced trader. Thank you & good luck.
Bitcoin is now poised to push into the 9Ks thanks to the development of the higher low formation around the 7830 area which coincides with a triple bottom as well. Formations and price structures are just another way of expressing probabilities and these patterns clearly favor higher prices at the moment. In this article I will highlight the elements that keep us...
The price has touched the resistance zone and there is also the trendline in the same area Also, it made a false break so we are expecting the price to head towards the support zone. There is MACD divergence within the increasing expandable triangle. Comment your thoughts! Sorry for last week's absence
- Downtrend is getting weaker as price is struggling to make a lower low - Price is currently at a weekly resistance so therefore; it's a bit of a premature entry for a buy - As price is on a downtrend we would feel comfortable selling but need further confirmation on the H1 - The support level has been held since 2016 and price has touched it more than 3 times...
EURSEK Testing channel resistance on daily chart. SEK Futures show prices are approaching all time lows. As the chart shows SEK looks to be oversold and a bounce from the lows is highly probable. USDSEK providing additional confirmation as technicals point to chances of near term reversal.
Asymmetrical triangle or descending triangle. Well doesn't really bother me and here is why?
It seems UK100 weekly up swing will continue. So this is the big picture to get advantage on and buy the deeps. time your buy blocks inside day . best of luck :-)