Confluences for Trade:
- Strong Bullish Engulfing Candle
- Break of Trendline in H4 (Established since Sept 2018)
- Hovering around 50% Fibo levels of previous uptrend move
- Narrowing gap between 8EMA and 50EMA
- SL Levels is placed below the M/T Trendline (since May 2018) and 61% Fibo levels of previous uptrend...
Retest of daily significant resistance level, bears about to take control of this pair , price moved to make a confluence touch on the resistance level of the descending trendline, expect price to attempt to take out the Low of last week .
Immediate short at the current price of the high of this week. Short term sell to medium term , TP at support below of last...
EURAUD has found way to move back up to retest the broken support zone turned resistance , if this level holds a short may be taken from this level- entry level time frame on h1 candle stick reverse pattern. else price will break through to retest descending daily trendline before continuation to the downside , price in weekly shows significant supply zone...
Raising bearish wedge formation
A sell is possible from tomorrow on h4 or h1 candle stick signal, but safer to wait for directional breakout of this raising wedge, the market has a tendency of breaking structural setups on higher time frames, this is a high probability setup, but caution should be met with this pair. USD index is still with the bulls.
USDCHF has made way in my previous publication to induce shorts from a trendline touch on daily , the weekly hammer close from last week persists with the bulls currently. I see a wave of short orders coming in on a double top flat 3 wave correctional cycle @ wave (C).
wait on price to retest that level just above 1.0000 if the daily trendline does not hold ,...
AU short from retest of descending trendline , price rejection met on the major weekly uptrend
We look to get on short to medium term sell positions for now, until further directional bias is given by market regarding long term positions.
Short/Medium term = Short positions
Long term = Neutral
***Trade with caution over the next few days because of the Memorial Day Weekend Holiday***
As the title says over the last day or so Syscoin volume has spiked over the 20 period volume moving average about 15 times. I’m looking to buy long and hold for the short-term to mid-term target of .00005414 where I will take half my position off and let the rest ride up...
Lower peaks and troughs
Broken RSI uptrend
Bearish market on weekly timeframe
Divergences on weekly
Pivote zone on weekly
Strong dollar on other charts
Countertrend on daily timeframe
I search a correction of 38.2% of the last impulse
Buyed at 1.2107 and waiting for a pullback to buy more
With the renewed interest of USD rising, we can have some bear pressure on this pair.
It is go LOWER for now to retest decent strong support levels such as 1329 and 1314 region.
DO NOT go in long without proper consideration at this moment.
Yet it is still a UP trend in the medium term(1-3 months) and the Long term (6mths or more) horizon.
DYODD and Trade...
EURUSD, a strong upward trend. The increase in the price of the asset due to the powerful injections of purchases and the closing of sales below 1.2340. We expect the asset to grow to 12410. The analysis is performed using X-Volume. levels using X-Lines.
Test the ascending trendline 5th time.
Good P/L ratio
Buy on touch the uptrend with a close stop.
*For greater confidence on the trade, search for reversal patterns at 1h-4h like doble bottom/H&S, brakes of the downtrend in RSI and/or divergences