Reason to Buy 1) Making Higher High Higher Low 2) Double Bottom + Engulfing = potential reversal
This is my GBPUSD markup that I'll follow 'til Feb. 15th, 2019. I color code my zones to not confuse them with the others since I utilize multiple time frames. Patience.
Been a while and well honestly, market was boring so had nothing really to discuss. About 10 days or so ago was last post and we sat around $3400 and this morning we were sitting just around there still. And then things took off. $20k here we come! Right? Well maybe. So from some brief looks around, it appears everyone is all jazzed up about SECs quick statement...
Daily chart uptrend with higher lows, higher highs -- on verge of a lower low- but would need a lower high and one more lower low after that to confirm downtrend Weekly chart showing first sign of bullishness with a higher high
R:R is not so good but this looks like a safe trade. Theres a good higher low trend going on.
JSE:PSG has broken out of the sideways trend that it has been trading in for quite a couple of months. It has formed two higher lows in a row and has broken through the long term resistance and bounced off of it as support. If the price moves above the last high I will enter a long postion.
as we can se, we failed to close above 0.32650 yesterday. and as we can see. the bears are now in control. i think we will go down to the big blue line, that is a very interresting fib. level, and also ( compared to the bull-run off 2017) a very big by zone. if we can go down and reach the levels arround ( 0.31000 - 0.30960 ) in the big green box. we could, put in...
JNUG brealout 01/25/19, XAUUSD still under 1300 though upside limited
Hi traders, this is my buy setup for NZDUSD on daily timeframe. As you can see the price have find support in the golden zone and have build a higher low on the D1 chart. This give us a good Idea to go long with a swing trade long setup. I wish you a good trading week. Best wishes Stefan Forex
Bitcoin update: Price is beginning its first real test to prove if the recent rally is truly the beginning of a broader recovery, or not. The chart formation that is still developing can be the sign of the bottom that everyone has been waiting for, but it still has a ways to go in terms of proof. On the other hand, if price clears the newly projected support...
Yesterdays chart we were watching the bulls as well as the shorts chart and I stated "in order to see these shorts get squeezed, the bulls need to break above $3486 (perhaps to somewhere in the 3500's) and then pull back briefly for a higher low and then break out again and into the 3600s+ for shorts to truly feel any pressure and create the squeeze to give a good...
Last chart we were looking to see which direction BTC broke either Sunday or Monday. The break came Sunday and bulls were able to get to a new high off their recent lows. $3643 is now the resistance to watch and bulls have a higher low down at $3254 they now want to protect. Bulls were able to get above 12 and 26 EMA resistances on 4 hour chart with the move...
Yesterdays post we had touched $4350 and I was personally looking for some consolidation as the 4 hour chart was over extended so I had scaled out of 80% of my position and potentially looking to reload on the consolidation. We reached $4365 and then consolidated back to $4078 (so about a 6.5% pullback). Perfectly healthy and expected and then BTC broke out over...
BTCUSD - Was 29 June the pivot point for the future of BTC? This was my procrastination project for the day in between working. 29 June may have been the turn-around for recovery in the BTC 2018 crash. What we see since then is a consistent rejection of what appeared to be an establishing downward LL trendline. While the 14 Aug HL may have been an anomaly, the...
Ok gang, jumping off last chart. I discussed the bulls re-entering the original zone of $6345-6493 we had traded within for 2 weeks but the bulls were struggling to maintain the lower portion of the zone. I was scaling into my positions at that time to watch for bulls to form another higher low compared to $6293 and then ideally give us a higher high which would...
ICX looks like getting back on its feet after getting rekt by BTC a few days ago and ruined my idea. Since we have some new development here: After breaking this resistance I can see all those previous highs as possible targets. Right now it's being held by the previous resistance turned support. Keep making those higher lows babe!
BTCUSD update: Not much action since the massive short squeeze recently. There is very little to go by in terms of market structure and timing and why we have be on the side lines WAITING. Those who do not know any better continue to trade and only feed the herd, while we prepare for the high probability move. The Tether situation has created a layer of...
BINANCE:ICXBTC Icon is making higher lows thanks to a supporting trendline. 1075 resistance has been tested several times. How much longer will it hold? ICX is setting up for a potential breakout to the 1150 resistance.