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...
As you can see here in FX:AUDUSD chart, there was a fakeout popup and after the again market coming down to the same sellers area right now. market still in control by sellers.
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...
Here we are on Euro/Dollar daily chart and as we discussed in our last analysis that this market has broken through weekly/monthly resistance swing level which is nearly at 1.2072. Price had closed very aggressively above it and we are waiting for this market to rotate towards our (value area) new support 1.2072 to begin new bullish leg from there. We have good...
Price action is bearish so I am looking for short opportunities. I saw previous structure so way waiting for price action to pull back there; giving me a R:R of 1:2. I placed stops 10 pips above previous structure as this will tell me my idea is wrong and a potential rotation in trend if it breaks previous structure. I placed targets to the previous structure...
Price Broke from Daily Trendline structure and as we know price moves in two phases: thrust and exhaustion. This current retest is the first exhaustion after the initial thrust as we wait for it to continue in its new direction. Furthermore, I'm A HUGE fan of chart patterns and we see an ascending wedge which is... you guested it, a continuation pattern, telling...
USDCHF in multi resistance zone : PA + fibonacci. Looks like it can go down to 0.9825 zone and from there may be create pivot low to buy 38% retrace zone back up with the bigger trend to 1.0 zone but we'll need to wait and see price action there... Best of luck :-)
Price has just rejected a short term resistance with a long tailed pin bar. There is a sell opportunity for those of you who missed the previous short setup at key resistance (neckline).
Previous Lupin short term trade stop los hit. However this chart is for Medium to Long Term perspective. Good buy zone 973-993 De-risk the trade at 1050 and continue to hold for bigger targets of 1160, 1309 and 1400+ Price is now at second/strong support of 973-993 after breaking previous support of 1010-1020. Pharma sector had its bad days since last 2years,...
Price reached to a short term support at H4 time frame and formed a long tailed pin bar. There is a good opportunity for those of you who missed previous long setup in daily chart.
Finally price broke the neckline and formed head and shoulder pattern in EURUSD. I'm waiting for price to rotate back to the 1.16700 level (neckline) to get short.
Price has reached to a very strong weekly support zone. Conservative traders wait for a bullish candlestick confirmation to get long. In the other hand, more aggressive traders (me included) don't hesitate and buy around this support zone without any confirmation.