With the EURUSD we saw last week a break below a previous key level on the monthly. The pair has since come back up and found some resistance with this level.
We have what looks like a bearish flag forming.
We have had a 382 retracement, looking at the fib extension and fib inversion we see the 1.27 and 1.618 line up with an area of monthly support. I feel we...
Firstly Looking at the Weekly and Daily Charts we have come into an Area of resistance.
We have started to see a bit of a bearish move on the Daily, looking on the 4 hr we have a few levels lining up.
We have had a 618 retracement, looking at the Fib Extension of the first impulse leg down and the Fib Inversion of the pull back. The 1.27 and 1.414 levels all...
Firstly Happy Christmas where ever you are hope you are with loved ones and having a merry time.
As all the Excitement is over now a bit of time to do some Tekkers.
So one of my Goals for the coming year is to really get my tekkers on point and be a lot more methodical in my approach.
We have seen this pair in a very bearish trend for the last few months....
Looks line an expanded flat correction completed or nearing completion here. This could be monster move down with great R/R. I've closed 100 pips on Friday close and I'm only looking for short set ups on this pair! Give me a thumbs up if you like the idea and leave me some comments on what you are thinking! :D
*if you're new trader do not trade my set ups or...
Unsure of how to label what we have going on right now but I will trade short setups I see. We should have a good down sell good for a few pips ;) Have a great weekend everyone!
Price has started into a correction. Appears to be making an expanded flat combo, to me at least! Traders, what do you think? If you think it's a good Idea give me a thumbs up, and as always I appreciate comments! :D
NZD/USD broke pivotal support level 0.6990
Next sell target - 0.6850
NZD/USD continues to fall inside the minor impulse wave 3, which earlier broke through the pivotal support level 0.6990, which has been steadily reversing this currency pair from June, as can be seen below. The breakout of the support level 0.6990 coincided with the breakout of the 61.8%...
Our pivot point is at 13.4600.
Our preference:our next up target stands at 15.2340.
Supports and resistances:
15.9530 **
15.5930 *
15.2340 **
14.8750
14.1551 last
13.6920
13.4600 **
12.8660 *
12.5130 **
I have a straight question to you, and would love to hear your answer in comment section.
What is technical analysis? Can you define it?
Most people think that I am technical trader, but I am not. I have nothing to do with technicals as I don't use them, so what is the definition?
I will write what I think about it, and it is only my subjective opinion.
You can...
After hitting a 2015 long term high,aaoi appears to be entering a corrective wave: which is good if we hope price goes up afterwards. But if it consolidates or enters a second corrective phase, a downtrend could follow: and with a break below the fib fan resistance level, that could very well happen. Best, Matt
the pair made a new lower low yesterday at 1.1103 then started to rebound massively making a new higher high @1.1204 and higher low @1.1146 which gave our new up trend more power that needed to break the always strong resistant 1.1200 and close above it next week..
Also it could try to make a small correction after hitting the simple MA 200 at 1200 the correction...
Reversal may happen but because marlkets are bullish the low of the week may be touched on the start of the week so maybe down for now and then start buying later. Alot of recent accumulation shown at101 level because of smart money so current buyers might get trapped.
USOil daily chart showing an inverse H&S pattern. Price is closed at neckline of $42. Breakout above $42 with meaningful conviction may bring the price to next major resistance of $45 to $46. Momentum indicators like CCI and RSI still have room to support potential upswing in prices. OBV yet to show improvement. Failure to break neckline signals continuation from...
