USDCNH found resistance at 1.272 level as expected. Our view is still on the upside targeting the 1.618 extension to close the ABCD pattern.
This is my chart analysis behind the EURNZD long position I'm currently in. On the chart, you can see major confluence around the 1.73500 level, which is a key level. We can see the pair break the support, then retest before continuing to go up. My exact entry was at 1.73547. Although I don't rely heavily on indicators, all 3 of my indicators (2 MA & 1 EMA) show...
This overall needs more downside to me, but for now I like this look of this harmonic. Let it correct and around London session I will look to do something. Entered the other day and I will hold it, I am looking for another position. Current position should yield 320 pips.
-Price reached a major Resistance. -Formed another area for entry. -Looking for price to move into a downward direction and a candlestick pattern to also suggest the price reversing. -Price has also created a 3 impulse pattern to further confirm a turn around:
-Looking for a break and re-test of resistance zone.
See the pattern lines on my chart. Let it correct back a little and then I will look to go long. Easily equal top, perhaps a little more.
I see a lot of analysis on tradingview about the way BTC is looking, right now here is mine. Small upside before slightly bigger downside. Watch and see :)
This one looks like it will take a while to build up. Unsure when it will be ready. Just watching...
Short term fall to 1492 area. Then 1533 area for a right shoulder formation.
Wonderful classic setup- hyper growth facing a strong level! I do not care about the fundamentals. I just know, that facing a good level is a great opportunity for people to cover their longs and take profit. So, unless we see an instant breakout, and the price stops at the level, people will start covering parts of their positions, and the big buyer will stop...
How do you know if a reversal is likely to take place on support? 1. The bottom bollinger is pinned on a support level 2. Price action buy signal This setup is a bit more complex because of the resistive trend line drawn, once that breaks its adios! Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial...
BOTH head and shoulders AND breakout below a serious level after a descending triangle(as a part of head and shoulders), all signaling a massive short opportunity, after a pullback to the level! Only a tiny stop needed, while the gains are massive! That is where the beauty of SIMPLE technical analysis is seen! More indicators=more dust into the eyes! The chart...
-Long wick formation on support suggests going long until 1.22040 and rejection of TL back down.. or market re-opens and pushes through support to continue short. This coincides with my EURGBP analysis, as GBP loses its value, we'll see the opposite for EURGBP.
The engulfing bar is a great signal from price action. Notice the inside bar false breakout pattern on D1 time frame. This is a good example where the support was broken and tested from the under side as resistance and a sell signal from price action completed. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of...
There's a lot going on here. -Bullish Pin bar rejects 1.10650 support level and weekly trend line. -The poorly circled area (my bad) shows shift in momentum past the previous swing. -The exchange rate retraces 78.6% on the support that price most previously rejected. Looking to go long ya dun know.
In relation to my previous idea, I'm still in agreement that the overall outlook is bullish and Gold will rise to 1560 and beyond, however due to the rise of USD and a 50% retracement of Gold's current price, I assume price 'may' break support to find the 1480 usd level before turning around. (May is the operative word).
In the past I've often left trades and forgotten I had them open. It's ALWAYS ALWAYS ALWAYS IMPORTANT to place a Stop Loss and Take profit, for every trade you place, especially if you Day/intraday/Swing & Position trade. I don't often scalp and if I do I'm usually in and out very quickly in around 10-15 minutes. Now lets say you place a trade, entry after...
If the exchange happens to re-test or retrace and make a Higher Low, I'd be looking to go long. I understand price is currently under the EMA, but looking at the weekly & daily for confluence, price has tested a major level of support. So I'd assume based on previous exhaustions of price, this is a potential reversal point for GBPJPY.