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ORBEX: EURUSD - Correction Likely To End Soon! Then Going For 5?EURUSD could move a tad higher to complete minor wave 4 near 1.1145 before continuing lower. The said level is the 1.618% FE of wave 1/2 correction and also the 50% FR of minor waves 2/3. Look for a valid breakout below 1.099 for medium-terms shorts but keep a cautious eye on short-term longs as the correction could end soon. Should prices move above 1.1194 it should be received as an early sign of invalidation. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Short
by Orbex
FTSE Outlook is increasingly bullish - Video analysisFTSE 100 TVC:UKX FX:UK100 OANDA:UK100GBP Weekly - Expanding wedge, bullish outside week posted. Daily - Invalidated the head and shoulders setup that threatened to send the market lower. 4H - Bullish flag pattern completed with a measured move target at 7708. Potential inverse head and shoulders forming also. Outlook is bullish - We will be looking to buy dips with an ultimate target of 7708. Worth noting potential overhead resistance at the 78.6% Fibonacci level at 7433 and the previous highs at 7529. Good luck!
FX:UK100Long
by Signal_Centre
EURCHF is bouncing from the lower end of a large rangeOANDA:EURCHF FX:EURCHF FOREXCOM:EURCHF SAXO:EURCHF EURCHF is bouncing from the lower end of a large range. Price action has remained above the large support band between 1.1106 to 1.1200 on the weekly chart. The bullish hammer candle that was posted on the week ending 7th June 2019 suggests that buyers could return in the short term. The daily chart displays a large range and if the buying continues to the close this evening, a bullish engulfing candle will form today. The intraday chart (4H) appears close to completing a flag pattern, which suggest continuation of the short term trend. Here is our recommendation today: We look to Buy a break of 1.1220. Price action is forming a bullish flag which has a bias to break to the upside. Price action has posted a bullish Engulfing Candle and is positive for short-term sentiment. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 1.1220, which will confirm the bullish sentiment. Target 1 at 1.1280. Target 2 at 1.1340. Stop loss at 1.1185. For FREE technical analysis , trade ideas, Ask the Analyst feature and much more, sign up to Signal Centre HERE
Long
by Signal_Centre
BTC Bull Flag - What to look for nextA look at some recent BTC impulse moves higher and subsequent price movement. I prefer bull flags that drift lower on lighter volume and then push higher on increased volume. However, ultimately the breakout volume and follow-through move is what's important. Box A is yesterday's move showing an ideal pullback level. Box B is the Dec 17th move which turned into a good multi-day run. Notice the volume. Box C is the failed breakout attempt in early January. How will this latest one turn out is yet to be seen but so far the volume signature is positive. Sitting tight for a another day will help cool off the technicals and let the EMAs catch up. After that, we'll want to see some volume on a push above 3700 and see prices hold above that level.
COINBASE:BTCUSDEducation
by NodeInvestor
3
NZD/USD - Long - Symmetrical TriangleHey guys just wanted to do a quick breakdown of a position I am currently in on NZD/USD. Took this trade this morning based on a 3rd touch confirmation, precision entry on the 15M chart with HTF support and potential to turn into a longer term hold. Wanted to share this particular trade as in my plan this is an example of an A+ setup, one that I will take time and time again. It is also a trade (now that we have the momentum we have kicking in) that can turn into a longer term hold for those of you interested in holding those particular types of positions! Hope this provided some value. Have an incredible week everyone!
Long
by bfairbridge
4
BTC 1hr Bear Flag - Daily Chart Still Okay ThoughThe 1hr chart is looking like a bear flag as it bounces higher and at resistance now. The good news is that prices found support right at the breakout point which is support now. On the 4hr chart, the support level corresponds with the 22 EMA. The 4hr view looks positive so if we see a break lower from that bear flag on the 1hr, it may be a buyable dip with the stop below the 6500 level. On the upside, getting back over 6580 would negate yesterday's sell off and like lead to more upside. Overall, I'm looking for more downside testing today but we need to see support hold to keep the broader uptrend in place.
by NodeInvestor
Silver - Finally putting in a bottomSilver looks to be showing a little bit of life today with a large bullish fake-out from a bearish pennant. That is price has been dropping consistently week after week with multiple bearish patterns forming. Another bearish pennant finished forming and price today broke to the downside but staged a very aggressive comeback, back above the pennants bottom channel. Only time will tell if this turns into a long term bottom, but we at least now have a key ingredient to a bottom, "buyers".
COMEX:SI1!Long
by krugman87
AUDUSD - Major price breakout as predicted!The patience, discipline and accurate technical analysis has finally paid off in a big way. For those of you who were on the right side of the market with me, congratulations. After more than a week of consolidating and multiple bearish signals on the hourly, daily and weekly charts, price has finally broken out of it's range in a very bullish manner. Some of you have already taken profits while others may be holding on for a further run higher. If you missed out on this trade by sitting on the sidelines or were on the wrong side of this setup then I would encourage you to follow my channel and begin learning more about price action trading.
Long
by krugman87
4
AUDUSD - Bulls continue to defend key levelsIn this video I cover a few of the price action patterns that formed last week which became quality trade setups themselves. I also take a look at the most current price action and what it is telling me about where the market may be heading this coming week. I only cover a handful of the patterns as there are many other patterns at play such as rising triangles and pennants AUDUSD has thrown mostly bullish price action signals at the hourly level with only 1 or 2 bearish signals that ultimately failed going into Friday. With bullish price action patterns continuing to form and bearish pattern failing and being invalidated the bullish bias is still intact. The current flag pattern sets up the potential of the next leg higher as long as price can hold above the upper channel of the flag now that it has broken out. In the long term I am looking at a break above the high of the weekly pin bar to begin getting very bullish on this pair.
Long
by krugman87