Price has kept fluctuating between 2000 and 2300 approximately, after the strong bullish trend that was presented days ago. This may indicates a break for a possible continuation or perhaps a selling force that begins to turn the trend.
BTC reached a resistance point after a couple of very bullish weeks. There is a lot of indecision and a near symmetrical triangle has been formed. I don't suggest to go Long or Short at this point because a) triangle is squeezing b) MACD is in the center and RSI is also in the middle. Be careful and decide after a breakout.
If you like my ideas and helped you...
Someone asked an advice in chat about Palladium LONG (with TP@756.00) and thought to provide my personal point of view with a more organic answer...
The instrument is uptrend on the long term, but it looks indecisive at the moment; from the chart we can see it is in a range between two Fibonacci levels (and one of them is a resistance as well).
If we entered...
Could it be that USDCAD would see a reversal the next couple of days? Or will the bears countinue to be in control? The price has hit a support level, it seems that there is forming an indecision candle, We can just wait and see. What do you guys think?
The price reached the support area at the end of the week and formed very nice indecision candle. From the technical point of view, there's a potential for it to reverse, so I'll be probably watching the very first hours of new trading week to see the outcome.
USDJPy has pushed through horizontal level @ 109.68 to now test strong daily trend line currently seeing indecision.
if price can break below 109.85 showing strong continuation... looking to take short a position with stops at previous 8 hour candle high 110.48
1:2 targets
What do i really like in this trade?
First of all i am taking this trade with the overall direction of the trend (Bullish), i have a nice Risk/Reward potential as you can see, i can even go for more but i dont like being greedy. Also i have price action confirmation in different time frames, like the 4hr and 6hr. but i am taking this trade in a 8hr time frame,...
"Who is in control of price?"
i will ask myself this question to make sure i take the correct trades and think about the trade in more details...
what i see here according to price action its a nice bullish preceding trend that gets stuck on an area of resistance (which is full of sellers) and shows me this beautiful indecision candle or almost-dodji candlestick...
so what do we see here?
according to price action we see a nice bullish preceding trend thats gets stucked in a daily resistance area, and shows me an indecision candle ( also called dodji ) on a 8hr chart. Also we can see recent lower high, which is usually a good signal for taking a short.
Taking this trade when price goes below the low of the indecision...
What I see:
Bullish sentiment
- Price respecting Daily PP
- Price Respecting 50 SMA
- Price respecting Bullish TL
- Close above top of Daily Inside Bar range
- Price above 100 SMA
- Price above 200 SMA
- Daily Bullish Engulfing Candle
- Broken recent higher high
- False breakout of rising wedge
Bearish sentiment
- Price failed to stay above previous Weekly...
LII is a low volume stock but one which is beginning to show signs of trending well since breaking above the 200ma in October 2014.
At that time there was major resistance ahead with price trading below the March 2014 pivot high ($94.69) and the $100 figure. The March high proved the more difficult to crack with price hanging around the $92-$97 zone for several...
![AUDUSD: [AUDUSD] Long with the overall trend](https://s3.tradingview.com/w/wF3EBFmi_mid.png "[AUDUSD] Long with the overall trend")
