Looks like the EUR/USD gaped up when opening this week. This calls for a need of extra confirmation before entering this trade. From a technical perspective, the EUR/USD 0.30% ran into a strong area of resistance where sellers came in strong in the past. On our higher time-frame (4H), we can notice the EUR/USD 0.30% putting in an ascending triangle pattern coming...
We can see that this pair is hitting a key point in the ascending channel illustrated above where we can make a significant play of over 100 pips. This is supported by the formation of a bullish butterfly pattern on the 4h timeline. The yellow line is where I expect there to be slight consolidation before continuing its uptrend motion to the target marked by the...
EURAUD reached the resistance zone. I will wait till it hits the line which you can see in the blue square, that is the low at the moment. We have some space in case a new low will be made.
Since the downtrend is bigger then the uptrend there could be a possible breakout to the downside.
As the title suggests, the formation of a bullish butterfly pattern seems to be very likely. This is especially true as it complies with the bearish overall pattern (marked by the orange lines) as well as strong S&R levels at points C and D. Obviously, we have two moves here: a conservative approach and an aggressive approach. The aggressive approach involves...
NKE is showing the following strong short entry signals: - descending price channel (examine weekly chart to see this easier) - Currently at top of descending price channel - Showing strong resistance, a successive lower peak (not quite a true head and shoulders), and divergences. This is a good short trade that could be played several ways. - Swing play: Enter...
GBPJPY broke out of the channel due to brexit news, as the previous lower channel break shows, most channel breaks get retested and a lot of times, re enter the channel. Along with bearish SMAs Use Proper MM
Thats my look on the weekly chart on the DAX, Both structures in the two green rectangels may be similar. *This is not elliott wave count, its just my way to lable the structure. Line thickness indicate thier possibility. -It looks like that DAx may be doing this now, ofcourse ther will be some corrections on the way up, and thats good to add some more longs on...
I have shorted AUD JPY for a few reasons! - The price has almost reached its past resistance level. To add to that idea, Stochastic is indicating overbought conditions. - There is BEARISH divergence on the 1h chart on Stochastics. - The targets I am aiming are close to the 0.236 FIbo replacement and the 0.50 replacement. -The daily candle is finally...
could be a good idea enter after this breakout
I'm waiting for you... when you are ready i'll be there...
I'm waiting for you.. when you are ready i'll be there..
Weakness in MACD following the entire movement. pivot level arround 1.2026 and line descending just above the price, stop loss over 1.12055
EURCAD breakout triangle and go higher towards 1.525. SL below MA 50 and 100 crosses at 1.449
EURCHF on the medium term seems to run towards 1.12 and higher trendline. That's also 100% Daily fibonacci retracements
The WTI Crude touched a Low of $40.55 last week after the release of inventory data (Last Wednesday) showing over Supply. The recent release of Chinese PMI data showing signs of Chinese economy slowing down further, which puts additional pressure on Oil going forward. Read More Here : Buyers Buy $41.10-$41.30 for targets of $44-$45 and a Stop...