Hey guys , im looking at a good support area ( in yellow ) for crude oil . This area should be reach next week . Always wait for in reversal or breakout before any trade. Thanks !
1. Strong movement downwards, and we think it is headed for a support level within a few hours 2. NOTE: we are trading against the trend, another intracycle trade. From a preliminary analysis standpoint, our Return/Risk ratio should go down in relation to the probabilities where we want to exit, and the likely stop we set to exit if the trade goes against us.
1. A slight correction in trend, leading to an upwards analysis. 2. Price has touched support level way back in time, and may hit the resistance area soon! This is our target exit area.
1. Hit a recent high. We except bears to correct to a certain bottom. 2. We are fighting the main trend though - trading within the cycle! 3. Prices were fought back by bears as seen from the candle at the recent high, implying strong resistance level.
EurJpy 1H chart shows a broken resistance trendline. This trendline is broken and now it is being retested. The sell stop has been placed below the previous low. In case the price hits that level till 23:00 (next 3-4 bars) the sell stop will take effect. The MA has crossed which indicates a bearish movement. The EXCELLENT confluence, which is quite surprising is...
Hey guys Im watching for a rebound or a breakout on the crude Oil . - 38.2 retracement - Support zone - RSI oversold - Daily trend's - Outside bollingerbands Wait for a reversal ( Rsi , candle , etc ) Have a great day !
EurUsd's 4H chart shows a bearish retracement which does not look like a counter-trend since it has has multiple bullish candles. The resistance trendline has three narrow touches in a short trendline which is quite steep which can indicate a possible strong breakout. Furthermore, the white line represents high to low in the daily timeframe acting as support....
The advanced pattern is almost perfect. It depends on the rules someone has on trading these patterns (how tolerant they are on the percentages). In any case, I am aiming for a .38 retracement of the last leg as my first TP. My SL is placed on 1.27 extension of the last leg. Ask questions & Give comments!! Bests
1. Price has hit a resistance, and bears seem to be winning 2. Long way down for the bulls to keep fighting!
1. Structure has changed to be bearish, as recent highs could not break the last high at all. 2. Immense bullish strength is needed to correct, for hourly, 4 hourly and daily! Possible support @ 0.75360, resistance @ 0.75831. Breaking these levels will give us a better idea of who is in control. Will update in 2 hours time :)
STEEM/BTC is looking good for a long position based on daily and hourly pennant. Will head to 100k based on previous move and could move further up depending on where the breakout occurs. I am long on this at about 81k. I think there is a good 20% to be made here. Stay focused and trade to trade well.
Bullish Bat forming on EUR JPY hourly chart. Look for bullish confirmation at the PRZ for a reversal.
Great educational pattern.. There s shoulder-head-shoulder sign, it probably going to downwards. I dropped my forecast as blue path on it. But! But this stock already announced a superb balance sheet, i can expect an unique miracle. Well, i shut off my typing and lets see what its goin to be.
EURUSD completed retracement and has rallied back up to retest the high...with a close above the high and conformation this looks like a good long trade up to target # 2. Just my idea. Plan your trade and trade your plan.
Hello! Short opportunity for EURUSD, the chart speaks for itself
The pair seems right for a short after a three-day rally. The RSI indicates that it is approaching the overbought conditions. Any break above the resistance level on the hourly should favor a long position but this seems highly unlikely as momentum is lost.
With China's CPI(Consumer Price Index) data tonight and Thursday's bank earnings, these events may give SPY the push it needs after it picked up some momentum from today's sell off at the open.
Hello traders, If we have a double bottom at this level, I will looking for a reason for going bullish. Notice this double bottom would be at major structure support and we have a RSI oversold. For agressive traders, you could enter after close of bullish candle. For more conservative traders, you could wait for a 2618 formation to enter bullish. Hope this helps !