1. Head and Shoulders pattern forming on daily chart 2. Price rejecting common point on 4hr chart 3. Moving average crossover on 4hr chart 4. Inside bar formed on daily chart 5. Price retesting previous support on hourly chart Enough confirmation for a SELL trade SAFE TRADE: SELL @ 1.61190 SL @ 1.62000 TP @ 1.61200 PATIENT TRADE SELL @ 1.61190 SL @...
Hello all - DuncanForex here with a continuation trade A Buy limit at the 61.8% retrace activated and lets now see if it heads higher along with the other trades I am holding The entry was on a 1 minute chart however you cannot publish lower than 15 mins so it is being managed on a 1 minute chart as well DuncanForex.com is now live. Thanks for looking at my...
Hello all - DuncanForex here with another trade idea Although against the prevailing trend, NZDUSD has broken out from it's down trend. It is currently at support where previously a head and shoulder pattern was created. Based on this price action, I expect it to head higher to previous resistance. I will be watching it closely and trailing my stops, however...
Strong Bulls are always looking to buy. Strong Bears are always looking to sell. Weak Bulls and Weak Bears are usually indecisive and wait until its too late, entering at the worst possible time. In general, Strong Bulls sell to Weak Bears, and Strong Bears buy from Weak Bulls. When both Strong Bulls and Strong Bears sell (strong bulls to take profits, and strong...
Strong Bulls are always looking to buy. Strong Bears are always looking to sell. Weak Bulls and Weak Bears are usually indecisive and wait until its too late, entering at the worst possible time. In general, Strong Bulls sell to Weak Bears, and Strong Bears buy from Weak Bulls. When both Strong Bulls and Strong Bears sell (strong bulls to take profits, and...
Would like to see a bounce off the current reversal zone to attract more buyers then a move down to push through the 68664 level
Euraud long sell now Sell euraud now at 1.6108 Stop loss 1.6257 Tp_ 1.5700
Not very keen of this price action, I would typically wait for the week-end close / Monday open before forming any directional bias. That said, from a ranging standpoint, a break and close above 9470$ would open the door for scalp-longs towards 9800$ with a stop below Sunday low. Tiny size if I ever trigger, will probably half risk it considering I would...
The defeat of support after a year and the back and touch of support that is now resisting.
Back and touch the failure line in a higher time and the purchase price at the same price in time 15 and short-term growth in terms of the price action
S&P New All Time Highs - Risky Buy The Emini and S&P 500 made a new all time high again today, leading many to believe this market is still strong. In some ways it is, but it is more important to realize it is also in a bull flag trading range. This makes it a risky place to buy up here. This is where strong bulls who bought lower will start looking to take...
The bulls have been strong for many weeks now and have created several gaps below. This most recent bull gap around 9500 is the third and therefore likely an exhaustion gap. Exhaustion gaps get filled most of the time, where the bulls look to re-establish longs and bears buy back shorts. Last week was a weak sell signal, but a large tail which is a sign of...
Willing to hear your opinion on this! Target and Stoploss on chart.
If XRP break the upper line we have a great grow to marked lines And if it does not break the resistance line, we have a price correction within the specified lines of Fibonacci support In all supported lines, there is a possibility to return the upward price G.L. :)
Here is an update to my weekly chart. I haven't changed anything The price wicked off 13880 exactly as expected At this point I'm still expecting this rollover to take place into Sept. The 5,6 and 7 you see were drawn on the monthly and show up here on the weekly as well about where they should be. Disregard the yellow arrow you see in the bottom panel, it...