As we have already noticed the US Dollar/Swiss Franc pair is highly anti-correlated with the Euro/US Dollar So in this asset what we have is like a Eur/Usd UpSide Down. Creating the symmetrical triangle we saw last week on the Eur/Usd. We should look for long trades after a small correction on the 1h timeframe. As the dollar rises against all major currencies...
I've had a very exciting find today... EOS is looking to be a very good long investment over the next few months. If and only if it can hold lower support level then we should be in for a bull market. To further show a trend reversal, Bollinger Bands have been contricting, indicating future volatility. I would start looking at future resistance levels such as 100...
Hello everyone, On this short term trade I bring my technical analysis on the GBPUSD pair. The asset as break the ascending trend line downwards and with a stronger dollar momentum I’m personally looking to sell the asset on this correction thinking that the price as more room to fall until the 1.3060 level. Key Note: Using the anti correlation formula we...
Hello everyone, What I bring today is my technical analysis on the forex eurusd pair. After a buy bias for more than a year the eurusd asset as done a correction witch is very common. But the price behavior makes me believe it will reach new lower lows, with a resistance on the 1.1940 levels and TP on the 1.1190 level witch also represents the 61.80 Fibonacci...
Weekly chart - Past 5weeks candlestick bar in range after strong bull 7weeks before. - Pin Bar formed after retracement. - Range inside bar with bullish probability. Daily Chart - 2x Rejection at daily/weekly Resistance line. 2 events (21/05/2018 & 15/06/2018). - Clear Sideway Range with 3x bullish pin bar formed. - Reversal bar formed recently at Daily S1...
Weekly chart Past 5weeks candlestick bar in range after strong bull 7weeks before. Pin Bar formed after retracement. Range inside bar with bullish probability. Daily Chart 2x Rejection at daily/weekly Resistance line. 2 events (21/05/2018 & 15/06/2018). Clear Sideway Range with 3x bullish pin bar formed. Reversal bar formed recently at Daily S1...
Price move sideway range from recent bearish trend. Past few candlestick bar on daily chart shows the pair taking a short breath after strong bearish movement. We might see a positive opportunity short bull for this pair towards daily 4hrs/daily resistance line. Hence looking for a affirmative signal to buy this pair.
Strong move The weak pullback I expect the size of the previous major move to go down.
Looking for SHORT setup on AU going into Monday evening. Once price reaches 0.7500 level i'll see how it reacts whether it bounces or pushes through, giving us indication of the big move to the DOWNSIDE. Updates to follow. Happy Trading peeps!! :) stellarxtrading StellarKK
A bullish pinbar formed around the 0.618 Fib retracement level and showed rejection of an important S/R zone. First target @ 1.71856 Second target @ 1.72611 SL @ 1.70464
So, basically, as I stated in my weekly outlook, I am not interested in going crazy trying to trade early in the week. So, considering that weekly NU markup I posted, if NU creates some sort of ending diagonal in this zone I may look for a buy entry, but ultimately I will be looking to trade a larger 3 wave down to break the low, then looking for a buy. But as far...
- H4 Trend Line (TL), Change in Market structure. Daily Down TL break and new HH's and HL's, Inside Bar Bullish Break Out, 50% Fib Retracement, H1 CTL Break - H1 Bullish Engulfing, Bullish MA Crossover
XRP is at a key-support-level after a 50% retrace of the previous run. Consolidation at key-support suggests the potential for a reversal in the near future. A blind entry would be acceptable--a more conservative entry would be to place a stop-buy above between 0.97-1.01 There will likely be some intra-day resistance around $1.00 but so far this hasn't produced...
Here we are on Kiwi/Dollar daily chart and as we can see this market has recently rise higher aggressively and now pulled back towards BRN (big roung number) level which is 0.7200 and on last daily (Thursday) session closing market had printed long tailed pin bar buy signal along with the confluence of bullish trend, 50 ema dynamic support, very big round number...
Hello Traders! It's Wednesday today, the last day of the month for January. While I was scanning the charts this morning upon the list of the currency pairs that I'm trading, I saw a possible long trade entry in the GBPJPY pair. As you can see from the chart below, it's evidently clear that this market is in an obvious uptrend since September of 2016...