As you can see we are about to leave the downtrend. Have a look at the daily chart to have some better insight in the exact structure of the outbreak process. But for now I want to highlight the similarity between the price behavior right now compared to the last time we hit that similar price area. Pretty much the same movement and also Volume shows at least...
after we caught the previous swing of the price ( related setup link below ) we approaching the support zone that work as a target profit for the esecuted short , we'll buy a that level , risk/reward on this is 1:3 so you can play a little bit safer , let me know if you hopping on this trade ! CHEERS :P
Hello there ! Happy monday to everyone ! Boys, girls, we just crossed EMA50 ! And that's pretty awesome and encouraging. The last time we were trading above was in november 18, before the huge dump that saw BTC going from 6500$ (13th november) to 3275$ (15th december). Since that, it acted as a resistance we were not able to cross. Morevover, the Ichimoku cloud...
my view for the move of the nex week on eur usd , let me know what you think about it ithink it's a good trade . cheers
I believe Tesla is nearing a new breakout. My belief is based on technical patterns, the current narrative, improving fundamentals, and potential inclusion into the indexes. There's always something going on with this name. It wouldn't be Wall Street's darling otherwise. Options traders can make a living trading this stock alone. Volatility can be vomit...
Hey everyone, I wanted to update my previous XRP/USD entries and targets. I believe that we are at the wave 4 of 5 and b wave of the correction. Currently I'm in a short position and I'm expecting C wave to touch .49-.47 zone and that's where I will ladder my longs. This is a mid-term trade so it can take a few weeks to build up let's see how that goes. Please...
2821 is the price I'm looking at for a mid term bottom. This could also be the point of trend reversal, if bulls can chance the trend and close February above the 50 moth MA (yellow line on the weekly chart below). This is a medium term analysis without many confirmations from the FIB perspective, please do not take this chart for the truth and do your own research.
Welcome peeps, I am solixouss, i started trading about a year ago. i used to watch the charts and the historical data, it realy worked for me. This is my Second TA and i hope it will play out like my first one. I am not sure at all so dont take this as an advice, it's just for educational purposes I am looking for this play to enter the market, first i think we...
It appears that once again the price was dumped into the psychological level: 1.7650 (in the midst of large fundamental talks) before price rallied 250 PIPS to the upside & potentially wiping out many traders short profits on the day. What happened here? Why is this a common theme in the foreign exchange markets? Why is it that so many people lose? Does this...
Elliott Wave analysis here showing that we are currently in a consolidation phase of wave 2. We are range trading in what appears to be a consolidation triangle with upper bounds of 4085 and lower bounds of 3970 that is taking the form of a nice bull flag from the last impulse wave 1. On the daily chart, we are trading right below the 50 EMA causing pretty...
Looking at price movement, this just turned into a overnight hold to a mid market buy on monday. I am still interested, but I am looking for the best price, and this price is not it.
We have broken past a strong resistance of a descending channel. However, the volume is decreasing. The next day will determine if we can gather enough volume to push further. Else, we will go back into a large bull flag to for a final correction (4) (at .618 FIB) before retesting a breakout. This is not a financial advise since I am a beginner. I hope someone...
The RSI indicates the potential for a bottom attempt. This TA matches the supp/res shown as 1339.7 is our pivot point in the overview. Below the 1339.7 support we would expect quick movement towards 856.2 and in the worse case parabolic movement we should expect a bottom around 695.06.
More than likely we will have movement down towards 100.46 support. With the present technicals, and our new understanding of moving averages, we are preparing for a much larger move to the downside over the next 6 - 18 months
I think that we should bounce from around 2.9-3.1k ranges, after all that 6k drop we didn't really have an uptrend. This is where we should find support and have and ABC upwards to atleast 4k. A. Should go slightly above 3.6k ranges. B. 3.4-3.6k support ( depends where A will land). C. Could get to 4.2k ranges, I'm not sure about that. I will be laddering LONGs...
Gold going to sell zone now. You can sell trade but if break channel you can buy.
As supposed, the price kept climbing a bit. Shorts have been closed, that's pretty bearish although counterintuitive :p Wait for price action at 4400, if the breakout is upward it might go for EMA180 resistance, which is almost 5k. That would be sweet if you are long. Anyway, let's see first how much volume and momentum we get at 4400. Greetings.
Trade Set up - In theory, tactically shorting the ‘Aussie’ around 0.7100, targeting the psychological level of 0.7000 level would make sense for technical trades, given the entry would be aligned to a strong underlying trend. That said, the big picture and set-up on the daily makes us cautious to take that trade, in fact, we would look to initiate a long entry if...