Chart is showing bearish divergence on latest HH's according to RSI indicator. Further we can see double top formation which also indicates trend reversal so we can take entry at the break of neckline.
After a successful breakout vet is still holding the green-marked zone as strong support at 0.03424 to 0.04008 for the last 9 weeks, which is a positive sign, and if it holds this support we could see a massive bullish move. As you can see in the picture it is also making a channel and While retesting the green zone it is also trading in a channel you can see it...
The Japanese Yen ticked lower against the United States Dollar on Wednesday, with USD/JPY getting mighty close to the sort of level that might force authorities in Tokyo to intervene. The Dollar is of course benefitting against most rival currencies from a broad re-pricing of interest rate expectations. The resilience of pricing and economic growth in the world’s...
Here are some pointers to keep in mind: - One year-long consolidation. - Clearly defined support and resistance. - 6 Week consolidation at the resistance zone makes the resistance weak - Recent breakout was prevented with a long upper wick. A.K.A Sellers present. - Margin of Safety is a mere 6% ( CMP vs ATH) - There is no clear winner yet as the signals are...
EURGBP is in a downtrend after a big bullish move. The previous trend has been broken and the next support level is down at around 0.8571 so we can see a downward move towrd the TP1 if price breaksdown the previous LL. There is no Divergance on RSI to indicate a change in trend. The trade plan is based on simple DOW Theory and RR for TP1 is 1:1 and 1:2 for TP2.
Im just drawing lines and in no way im pretending to know what will happen... nevertheless i seen almost noone draw lines like me in public... so i decided to grave them here on this account.
AUDCAD has formed a falling wedge pattern, indicating a trend reversal.
From the point of view of the one-hour chart, gold has broken through the track from the upward channel, and the trend after the breakthrough is temporarily concerned. If it is a false breakthrough, the trend will return to the channel room, when we still maintain the idea of dips. If it is a real breakthrough, the lower track of the uplink channel will form a...
EURJPY is in a bullish trend making Higher-Highs and Higher-Lows. The trade plan is based on Entry at the breakout of previous High and Stoploss below previous low of the trend. TP1 is 1:1 and TP2 is 1:2. There is no divergence on RSI and no break of trendline so the trend will most likely continue in its direction.
Price has broken previous lower high and bulls seem to be in control of the price action. A higher low is defined earlier which will be followed by a higher high, which according to Dow theory marks the beginning of a bullish rally. Targets are mentioned on the chart.
After grabbing liquidity as we have mentioned in the last post BTC is taking a pull back. Not expecting #BTC to break the structure, break HL 64.3k Let's see, it will be a good buying opportunity because this could new HL and after this BTC will move to HH
The stock, after a strong move from the 1.20 to 5.00 zone, has since materialized in a healthy way, and found support on the 0.78 Fibonacci level. The stock closed an open gap at 3.50 and is having difficulties through this area. Currently producing a cup&handle pattern (orange). in addition there are currently about 18% short interest on the stock, which can...
looking at shorting gold as the dollar index gains strength to fast track the process of the drop
Dear Traders, Yesterday was eventful day, Gold dropped till 2291 area and most of the retails liquidity started coming in the market, and as expected price took out most of the liquidity and took the price towards our first selling entry at 2331. However, we have witness strong bearish control at this point and it is likely to see some strong bearish momentum...
The gold K-line once reached around 2290, and then directly rose to above 2330. This was an obvious bottom rebound, and the bottom was more solid. At the same time, the Middle East was once again unstable, and conflicts between Iran and Israel occurred from time to time. The golden four-hour line is also supported at the bottom. The K-line starts from directly...
Bitcoin Is Forming A New Low And Rising. I don't know the peak of that rise, but I'm going to prepare because I see an attractive SHORT position from a short-term perspective. The rationale is ELLIOTT WAVES and HARMONIC. If it goes according to this idea, I will solve it step by step and explain how I predicted the trend. Bitcoin's volatility has become...
(Click the photo to go to the link:) You can watch it in connection with this idea. Investment volume, risk management, and investment decisions are your own, so please use them for reference. I hope you have a good result. Good luck.
PREMA has broken previous lower high and bulls seem to be in control of the price action. It is all set to move to new highs, printing higher highs and higher lows. Targets are mentioned on the chart.