SHORTING OPPORTUNITY
PAIR: USD/CAD
TIME-FRAME: 1HR
TRADE: OVER-VIEW
I haven't done an over-view post before. But here is a very
good example of building a case for entry.
We have a shorting opportunity with 2 patterns, 1618% fib inversion,
AB=CD, Structure, Bearish Trend, Trend Continuation Meets Counter-
Trend Trade, Double Top and RSI...
Price has touched a weekly demand zone and bounced higher. You will see the wick has perfectly respected the demand zone on the weekly chart.
Following our higher time frame analysis, we should expect price to continue to push higher from the weekly demand zone. If price can break through the daily supply zone this would confirm the uptrend.
Aggressive traders...
1.618 Fibbs retracement which bounced back from it 3 times. Good opportunity to go Long.
Take profit 112.30-113
stop loss just around 30 pips below support zone.
happy trading.
GARTLEY PATTERN
PAIR: UKOIL
TIME-FRAME: 1HR
TRADE: GARTLEY PATTERN
Due to our growing community with our Trading
Education, I have to switch my color scheme to
a nice clean white chart for everybody to see more
easily. Thank you from my heart for your support.
NOTE: These are potential trade opportunities. Please
re-analyse the trade...
EURAUD has been respecting demand zones and therefore we want to be looking at buy positions only. The last time price was around the 1.54176 area price moved up strongly suggest this is a cheap price to buy the Euro.
If price breaks through this demand zone and the 4hr trend line we will re-assess.
Similar opportunities are on the EURGBP and EURNZD to keep an...
Pair fell significantly during the Monday session. Test levels of 1.5220 and start little impulse downside which informed us we can take some short trades. In next hours we expect big decline of 50 pips at least. On blue trend line price will be supported as well, but not for long. Our first target is over 1.4960, when price reach levels probably we will close...
I would like to keep this post strictly Technical because Technical Analysis cannot be debated the way investors debate Gold as an investment from a fundamental perspective. There are numerous technical indications that Gold will rally. First would be trend resistance from the 2/1 Level of the Gann Fan along with the recent bounce off the ~$1050 Support level. The...
CURRENT PRICE:
Re-test of triangle structure
Hitting prior support, now resistance
Retracement to 61.8% fib
Big wick on previous h4 candle
T1: -27% fib ~ @117.400
Potentially good risk:reward
Stops will be relatively tight BECAUSE, @120.350 to ~120.700 there are stop losses of short trades from those shorting from the top of the triangle structure. As a...
Price on the daily perspective has been capped within a symmetrical triangle for just over a month. Price is currently coming to the very end of the triangle and could potentially break to the upside or downside, giving two different scenarios for trading opportunity.
In the case of a break to the upside: it is ideal to wait for a break of the resistance level...
Price will test Support trend line area - 0.7700.
Close above the trendline could present a Long opportunity:
Target 1 - 0.7770 (82 pips)
(Only take this trade if the Support trend line holds when tested!)
Like and Share your views below, thanks.
Been a while i posted charts. I have been away perfecting my charting skills and testing to see if they prove to be working. So far my guesses were increased in their success. Recent one was that many indices (US and around the world) showed topping and head and shoulder formation is in many. I sold part of my holdings on the recent tops (for Russia, China and...
Trading today has been bearish for the stock as people take profits near resistance. However, the Chaikin Money Flow (CMF) is above zero which says the bullish trend is still in effect.
The CMF operates regardless of how bullish or bearish market participants may opine to be one day or the next. As seen on the chart the trend remains upwards as the CMF is above...
GBPUSD is in a long term down trend. Price is currently trying to make it back up to the trend line which would make for another good short opportunity. Long term trend line confluence with the R1 Fib pivot level.
Please trade responsibly.
$TSLA has a lot of resistance at the current levels. However, if Tesla can reclaim the 50 day, it is a sign of strength, and could lead it to the next high of ~$320.
A reclaim of the 50 day means: Gap is almost filled, $245 resistance broken, regression channel broken, and of course the 50 day is broken, leaving only $265 resistance, which isn't as strong.
US30 LONG opportunity is here after a 5%+ dip
Trade parameters:
- Buy the 16250 - 16200 zone
- Stops Below 15973 (2014-2-20 low)
- Target1 16700
- Target2 a new high above 17148
Reasons for the trade:
- Market dipping below 200dma channel low (16303), where dip buyers should emerge
- Market retracing 50% of the 2014 range at 16242
- Market touching the Weekly S1...
