Pattern: Channel Up on 1D.
Signal: Buy as the CCI entered the Buy Zone and the price is near the Higher Lows (bottom) trend-line of the Channel Up.
Target: 16200 (just below the 1.382 Fibonacci extension).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Breaking? a descending wedge. Given we have a weekly close, this would be important. Unless we see any retest, the European rates need a big catch-up. Risk assets have enjoyed years of negative yields. It may be time to change the easy money
If you are interested, wait until price gets into the yellow box. Then open your trade using proper risk management.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
The main view of this trade idea is on the 15-Min Chart. German Bunds (FGBL1!) formed a double bottom or W chart pattern setup after testing 169.60 support and break above 170.3 resistance. Expectations are for the uptrend to continue, with the completion of the setup being around the 171.20 price level. Failure of the setup will be observed if...
Continued downtred, but stron buying-volume at €78 - i would take that as Support-Area and cut below.
You could start a small position at current levels, i feel more confident if we re-concuwe EMA 20 / MId-Band
DAX is ahead of critical crossroads as the long-term Channel Up (blue) that was formed after the November 2020 U.S. elections is on its last leg (d) before the aggressive rally that last time (March-April) led to leg (e).
If this pattern is not repeated, then there is a new Channel Up (orange) that may continue this uptrend but in a more controlled, less...
We hold pretty good 14.28$ (1.618 fibonacci retracement). I think the current price range is a good area for buying(long) and taking profits arround 18.39$ (2.618 fibonacci retracement). Do not close your trade fully at 18.39$. Hold a small stack(10% or 20%) runners and take profit at 22.50$(3.618 fibonacci retracement) and pro tip put your stop loss into...
After 5 months of downtrend we are could forming a green doji on montly time frame:
As we can see that the bulls are buying 0.618 (22.52€) and lower.
Latest monthly candle goes below 0.618. Had high sell presure but it holding and closed above 0.618 fib retracement.
For me its more an entry point as an longterm...
Over the last years there were periods when US stocks outperform EU stocks and periods were EU stocks outperformed US stocks. Almost like a perfect oscillation. Currently EU stocks have been consolidating for quite some time and especially German stock, so maybe all stocks do well and EU ones do better. The secular trend when adjusted for EURUSD rates too, is...
On the DE30, price is respecting the non horizontal supports and resistances since many weeks.
So what do we have on this one ?
1. Non horizontal Support: The price is retesting now for a second time our yellow support meaning that we should look only for buy setups on the short term. So let's dive in to see what are our possible opportunities.
On the DE30, price has been ranging inside this wedge since many weeks without any success to go out of it. Now, as the path becomes narrower, it's time for a real battle between the buyers and the sellers. The buyers of course have a higher winning ratio since the world is recovering from the covid-19's pandemic that has drastically hit the industrial sectors in...
Long AIXA - 17.12
Stop Loss - 16.5
Take Profit - 18.25
Hold for about a week, close out in 3-4 days if trade goes in your favour and price has started idling.
If price has moved against you, but has not hit SL, leave the trade open unless you need the cash for another trade.
IMO those 2 charts are pretty similar.
IF MA 50 weekly DOES NOT hold, we will also leave behind the channel.
so, if it does goes lower below green channel, I would suggest to stay OUT OF THIS.
otherwise, we MIGHT be buying the dip.
have fun and risk only what u can lose
PLS ALWAYS USE STOP LOSS.
is it time for izea to go up once again?
as u can see, for the past 3 years the MA 50 in weekly chart worked as a support ALWAYS.
just put SL close below it, and you'll be fine
consider tho, that we have MA 200 close too (but lower ofc)