NIKKEI is approaching our first resistance at 22346.7 (100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop to our major support at 21472.4 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in...
How to trade harmonic ABCD pattern with confirmation:
on 4H chart we have a completed bearish abcd pattern,
pattern completion point lies on significant structure support.
on 1H chart the market is trading inside a falling channel.
Bullish breakout of this channel is a very nice confirmation for taking a long...
EURUSD broke below 1.12 structure support.
now it is the first significant resistance and great entry point for pullback trade.
Next supports to be focused on:
Support 1: 1.113
Support 2: 1.105
Pattern: 1W Channel Up.
Signal: Bearish once the price makes a Higher High.
Target: Around -10% from where the Higher High is made.
*If 6.22990 breaks, close and wait for a new (quite possibly more aggressive) bullish pattern to trade.
very overbought market on dollar cad.
rsi shows clear divergence.
looking left we see a nice rejection candle indicating strong bearish pressure around this area.
now we have a formation of a head and shoulders pattern.
wait and sell the retest of the neckline.
Initial target 1.344
In this analysis, we can see that the #USDCHF is rejecting the upper trend line. After consolidating for a few days around this resistance zone (1.0200-1.0230) I am expecting the 3rd rejection off this region with a daily closure under 1.0200 where then we should see a bearish wave downwards in the coming days, weeks. The DXY has also posted a very strong push...
After price accumulation and they swiped the stops/orders below the zone, we are now expecting a wave up to monthly level at .7050 at least. With a close above that level we could potentially go higher. A close below this daily demand level would invalidate buy set up.
We are not financial advisershttps://www.tradingview.com/x/0qMYU8hG/ but are simply giving our...
AUDUSD is showing an oversold signal on the RSI indicator and has approached a major support level at 0.6990-0.7000. Now is an opportunity to go long & take advantage of the potential price bounce.
Trade Details :
SL : 0.6985
TP 1 : 0.7050
TP 2 : 0.7150
CHFJPY has approached a major resistance zone around 109.000. Price is expected to bounce off this tested resistance zone either all the way back up to the previous major support zone around 111.500 or the previous swing low at 110.600.
Trade Details :
SL : 109.400
TP 1 : 110.600
TP 2 : 111.700
Asset: XAGUSD ( Silver )
Sell Stop Entry Price:15.000
Take Profit: 14.00
Stop Loss:15.60(we will reduce the stop loss points once positions will be more favorable)
Risk/Reward: 1:2
(we can adjust (limit, close or even reverse) the position before this price level is reached)
just now
we are informing you from months about the possible decline in the precious metal sector and right now what you are witnessing is just a beginning of this fall absolutely not the end. Please, note-We as a GoldSilver-Analyst are involved in precious metal trading since a long time and yes we have seen it all in this market The Good, the Bad and the Ugly....
Euro dollar is approaching major structure support.
Rejection candle indicates strong bullish pressure around this area.
Oversold rsi with divergence shows bear exhaustion.
Wait and buy bullish breakout of a falling channel.
Initial target 1.125
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