Been holding onto this TA for a while now. I posted it on twitter a lot earlier, you can follow me @thecolour_red. On the chart you'll find 3 seller owned levels and one key liquidity area below that holds bullish sentiment. Currently, 100.39 has rejected price and is being challenged by buyers in the aforementioned zone. Fundamentals: -the rejection was printed...
Good Day Traders! Here's the trade idea and do let me know if you have any questions! 💰💰💰 Simply following us and we will get you guys our latest updates FOR FREE! Go to the link below & hit the " FOLLOW " button right now ! 👉 www.tradingview.com 👉 www.tradingview.com 👉 www.tradingview.com Our CRUDE setup Rules: 1. LONG ONLY when price touched the white box....
This is a Long Term Analysis... Every Bull Run has 2 things in common with a Bear Market and that is of course the Long Term Resistance and Trend Lines, by ANALyzing :-D the past I've come up with the next bull run's resistance and support lines. Don't make ur investment into a complicated web of complex strategies, I will sell whenever it hits the long term...
It's rare that we get to see the price a services economy pays when it ships the manufacturing of vital equipment overseas in the perverse pursuit of cheaper prices.
Can go long up to red line, then short down to main entry for a long term buy, as you can see the long position can reverse at 7344.9 or break through to our next sell zone. Either way we will keep an eye on it for further decisions.
Hello folks! Today will see the expiry of 49,400 BTC worth of outstanding derivative contracts. This is equivalent to $328 million in Bitcoin open interest. Surely a return to volatility yeah! Let's see tuesday where the market close but I have already an idea... Fans are typically drawn from changes in trend or reversal points such as tops or bottoms and are a...
The monthly has been in an uptrend but it has been broken. Be watchful near the most recent low, as price may find support. However, if we can hold below the 0.84000 level, we will retest the all time low area of 0.61441. If we hold above 0.84000, expect a retest of the high around the 0.99300 area.
Alot of traders on here are calling EURCAD a short play. As of now, it's not. This chart shows what should have happened if it was ready to fall. We'll have to drop & hold below the 1.54855 area before calling this a short. For now, the Bulls are still in control. The Weekly is in an uptrend & the Monthly bar is just in a pullback. If it closes above this area by...
I was scalping lately, as volatility was available. Trends are looking more like they are ready to continue their original directions. I'm going to be entering for more long-term holds, as I'd like to go on vacation & relax soon. Perfect timing, as there's no need to day trade if the trends are there to just ride... Going to go through the list of pairs I'm...
Weekly & 4Hour time frame analysis. USDJPY has just retested the upper downtrendline & failed. The profit zone is marked in purple. The divergence signals a regular bullish divergence so that profit area could turn into a demand zone, pushing the pair to new highs. If price retests & fails the upper (weekly) trendline after hitting the profit zone, USDJPY should...
4 HOUR ANALYSIS Price consolidation failed to form bearish momentum within our ascending and descending trendlines forming a wedge as seen on my previous posts. The price broke out of the minor resistance of 6000, and went up going to 6500 where we had our short entry placed. Fundamentally speaking, Friday started off with positive economic news, which ultimately...
Oil opened the week with a massive gap of more than 30%; a clear selling climax move. At this point, most of the selling was absorbed by institutionals and I do not see the selling continuing for much lower. Oil has already regained 20% since the low was printed early in the morning hours. A great opportunity for long-term buy entries. Mind the risk though - have...
Hello Guys ! I have an other interesting idea for you ! So this pair is approching the 2008 crisys level. As you can see on the chart, after hit a certin price, the pair rejected, we have a strong support on that level. I want to enter in this trade on the price of 0.5900, it could go to 0.5800 but i'm very sure that it will be rejected. After that I'm in...
Setup is pretty smooth and easy to do Green circle shows where i can enter the trade. I'm planning 2 entries in it. ( $77 and $57) Stop Below the ATL I may compound on the way up, if that happens It is not suitable to risk lower than R and risking more than 5R, I have to make an exception because while market retracing i need as much as cash i could spare. I...
The well known pattern I love is back and is on track. That's the way I see things on charts ... FX:XAUUSD For those who doesn't know this pattern please check by yourself on the internet and learn.
I am looking at the potential for a long term buy & hold on GBPUSD. There is a nice daily wedge pattern forming with price being supported by a lower bullish trendline and the daily 50EMA. Multiple daily wick rejections are forming at this current zone and I think we could see a push upwards and break of the upper wedge trendline. Risky entry = buy now and...
We have seen price reverse last week from the lows of 0.88960 support zone, A bullish market should continue till 0.91160 zone as sellers could start opening their short positions to hold the structural level. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is...