Good morning, Its been a great year and the year 2023 looks blessed. -We can see higher highs and higher lows hence upward trend -We also see a pretty nice bullish kangaroo tail printed on a strong support zone Happy trading come next year.
FFIE probing for lower price levels but shorter timeframes show stronger than average buying pressure pushing the close higher leaving a long tail. I'm thinking short term rally over the next few days with a profit target of $3.85 and a stop loss of $2.45 but will wait for confirmation tomorrow. - $3.85 to $3.90 to me looks like a new resistance level(old...
Weekly: After an upwick tail, we now have a bearish divergence on MACD lines, MACD-Histogram as wel as EFI. There is even a ATR channel divergence. Stochastic RSI coming from an oversold condition and now bearish, moving in the reference area. Daily; A list of bearish divergences, supporting the idea on the higher TF. Currently, daily candle went up and closes...
Yesterday price dropped down below 200 EMA to the support zone. Later, it moved back up again closing above EMA and within the previous candle's range. This pinbar has three supportive factors making it more significant than any other. ► It breached 200 EMA, yet it closed above it confirming the dynamic level to be a support. ► Opened and closed within the...
Economical news of GB and US caused the price go so high and shaped a Kangaroo tail on 15 min time frame. So based on it we do expect to see the price on the downtrend .
Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone....
On H4, 1. There's a break and a retest. 2. The candle that has retested the previous support as a resistance is forming a Kangaroo Tail. 3.The upper part of the downward channel is been tested On H1, 1. There's a mini-divergence on the stochastic 2. It's the start of the second wave in the trend A sell stop at 0.96633 with TP at 0.96300, not expecting for the...
NzdUsd is in a monthly resistance of zones and fibonacci levels. Similarly, on the daily timeframe NzdUsd has printed a Kangaroo Tail, indicating a strong resistance in the zone sutuated. Personally, I have entered a short trade, however, a Crossover of the Moving Averages would provide a good indication of further bearish movements. Ask Questions, and give...