Pattern: 1D Rectangle. Signal: Sell as the price is near th 4.0500 1D Resistance. Target: 3.9910 (the 4H Support).
Pattern: Head and Shoulders on 1D. Signal: Bullish as the Right Shoulder formation bounced on the 4H Support. Target: 4.9900 (just below the Resistance).
still have that wave 5 to finish up
Trading these odd pairings can be tough but with the ECB set to destroy the value of the Euro further in about a week and the algo triggering a short signal, might be worth a small play. Volume is starting to pick up, and momentum to the downside has plenty of room to run even if it's flattening out a bit today.
Daily Chart Explanation: On the daily chart, price broke the Channel that has been forming since October '18. After that, consolidated on a triangle pattern and now it is facing the Resistance Zone. In the Short term, we expect a bounce at this level. Weekly Chart:
4H CHART EXPLANATION: Price is trying to get inside the broken Daily Ascending Wedge, but now is facing the Daily Resistance Zone. We consider it may bounce here and get outside the wedge again. If that happen, then price has a strong bearish potential towards the multiple support zones. It would be necessary for the Ascending Trendline to be broken to confirm...
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
4H CHART EXPLANATION: In the 4h chart, we observe that price bounced at the Resistance Zone, breaking down the Ascending Trendline. At this moment it is on a corrective structure pullbacking the broken trendline. We expect a breakout from here, and the bearish movement has potential to reach the next Support Zone. MULTI TIMEFRAME ANALYSIS: -Daily: -Weekly:
4H CHART EXPLANATION: We observe that price broke down the Ascending Wedge Pattern, so, we expect a corrective movement since it did not correct after the breakout. It would be an optimal point to place an entry, looking for a downside move towards the support zone. MULTI TIMEFRAME ANALYSIS: - Daily: - Weekly:
CHF fundamental data isn't looking great, however, the recent trade talks may push the CHF higher as investor sentiment flocks to safer currencies. Will emotion take control of price or will the weak underlying value of the CHF take into effect on the price.
Pattern: 1M Ascending Triangle. Signal: Bullish (1D Support). Target: 3.8200 (1D Resistance and 0.5 - 0.382 Fib level).
Sorry for this markup. I feel so comfortable. No comments required. All description on the chart. Do not forget to look at the chart when closing each bar. All transactions are at your own risk. This is my personal opinion, it may differ from yours. !!!You make money, not someone instead of you!!!
Off the beaten track with an "EM exotic" trade.. and the first idea on this pair on tradingview PLNHUF breaking and having repeated closes below 2018 low opening up a move down to 72 area and potential retest of 2017s low 70 area
NO target If this bar does not work, then the order is desirable to remove #givemeyourmoney
The price has crossed into (and naturally/ technically rejected) the long term 4.9427 - 4.9877 Sell Zone on the Monthly Chart (RSI = 50.902, STOCH = 54.497 on mixed MACD = -0.093, Highs/Lows = 0.0464, B/BP = -0.0035). This calls for an optimal sell opportunity with a long term TP = 4.7600. The Buy Zone is illustrated on the dashed green lines for those who wish to...