There is no doubt that EURUSD is trending lower, however it is completely in an oversold territory as the 4H RSI is indicating bullish divergence. Therefore this pair can be said to be in a consolidation phase. For this trade criteria to be met, the trendline needs to breached, after which the weekly pivots should be evaluated and a long trade can be placed...
Today is 11 October 2021. It's not even half of the month yet but price of FCPO has reached Monthly R2 (Traditional Pivot). That indicates the price is already overstretched. I believed the price should retrace. Furthermore, The bearish divergence does support the wave count that price already topped for wave 3 base on Elliott Wave count. Further confirmation is...
USDCHF might aim for S1 monthly support shall the ascending trendline break. For this criteria to meet, we need to see the daily candle pierce both the trendline and D EMA in the process. After this what is required is to assess the RR for this trade, if feasible we can enter a SHORT to target the S1 monthly pivot. The S1 Monthly pivot is also present in the same...
The path of least resistance towards 0.7000 psychological support is open for AUDUSD to test, provided that the trendline breaks. Shall the trendline break, the daily candle also needs to pierce and close below S1 monthly support. Once this happens the price will likely target S2 support that lies just below 0.70000 support. Shall the criteria take place, it...
Take a look at the above image of USDJPY daily TF chart. Its clearly visible that there many hurdles that USDJPY needs to clear before aiming low. In this case, the main chart that shows USDJPY 4H, shows that once the trendline breaks it will likely aim low. Due to this many traders might get trapped should they SHORT USDJPY once this trendline breaks. As a...
EURUSD is currently in downtrend! However 1.15000 acts as a strong monthly support. So based on the monthly pivot points its best to wait for slight retracement to 1.165000 area for better risk to reward ratio. Monthly EMA was also pierced and candle closed below it, this further eliminates the hurdle of monthly support and opens the path to 1.15000 area. i shall...
This week might provide a slight correction from last's week aggressive down move in EURUSD. As the downmove happened last week, the monthly EMA was pierced and M candle closed below it. This indicates the path towards 1.1500 is well and truly open to be tested. Here we currently look at the 4H chart for this pair. a possible head and shoulders developing on 1H...
Possible pivot break with two inside days. I like the low volume in the last days. only break will be a valid signal.
As of today, ltrym has been trading sideways since July 27th. During this time, clear boundaries and control points of support were formed. Further price movement - when the sideways range is broken, I expect a descent to the pivot point and back into the range - a false exit. We are also now at the lower boundary of the local ascending channel. If we break it,...
Looking at the intraday H1 time frames, there are two levels to look at very carefully , which are : UPSIDE : 43'230 DOWNSIDE : 41'913 Indeed, a breakout confirmed of one of those levels will show the direction for the upcoming trading hours. Good luck Ironman8848
The Altcoin index forms a triangle inside an uptrend channel and two scenarios can be predicted for it: 1. Break the triangle up when AltSeason starts which I hope will happen. Of course, for this to happen, it has to go through a weekly pivot resistance. 2. Failure from the bottom that we should see a deep correction in Altcoins. The failure line is accompanied...
Hey everyone, here is a daily ETH chart with pivot points and support and resistances to look out for! Be safe and make good trading decisions! much love nick
Depending on the new weekly pivot points, shall the trendline break the price will likely target 1.1800 region. Shall this happen, then it would likely be just a consolidation move before the downtrend resumes again. Shall the criteria meet, i will put the details of entry in the comment section.
Yes After a Long Time I'm back And my First Analysis is going To Be on GBP God this currency Is Like an unControlable Hourse Let me Tell You a trick Which I Always Use in Hard Times and that's Using UK100 and USDCHF so the secret revealed and now I think you KNow how to use it but AlWAYS pay attention to News and consider Differences Between Stock And...
EURUSD bears are looking tired. They've stalled at the outer pivot support level of 61. They've failed to make a new low and the bulls look to be entering the market.
PLTR setting up for an interesting move. 22.68 is a big pivot point if it breaks this we can see a run back up to 27.
He had a wonderful couple of days in crypto world. If you look up to the 2Daily chart you see nothing but green and we are nearing danger-zone where pivot is seriously possible. Upon breaking through and retesting, this will obviously be a bullish sign which would need extra time and energy to double check some alts charts in relation to ETH, BTC.D and BTC/ETH....
possible to play this is rejection. or loss of the H3 level. target is purple line or L3. stop loss at the H4