Término de los 5 ciclos alcistas y esperando rompimiento del bajo anterior para empezar a buscar operaciones en corto. En temporalidad de 1H hay una fractalización bajista lo cual nos da una confirmación adicional para poder pensar en operaciones de venta. Tomando en cuenta esa zona de rompimiento, buscaremos una entrada en un nivel psicológico.
Analysis for GBP/USD : *-Broke triangle, *-Downtrending with LH & LL, *-Broke the 1.3 support zone, *-Is going to retest the resistance at 1.3 which aligns perfectly with the trendline, *-Daily & Weekly showing strong bearish momentum, *-Moving averages downside crossed on daily & weekly, *-I have put a sell limit order but you can wait for some candlestick...
Double top on h4, when I look at d1 it looks like NZDUSD is playing in a triangle pattern. Target at psychological level of 0.68
Bullish bat pattern coincide with my demand level and also at 1.0000 psychological level. Will not place pending order just yet as I want to look out for more confirmation signals. Do like and share this post. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
I haven't had a lot of interest in the $EURUSD higher timeframes this year mainly because we've been dealing with an extended period of consolidation. In fact, all 3 of my trading opportunities have been pattern trades or short-term day trades on the hourly timeframe and lower. Until we break out of our range & I get a clear idea of which way i believe the...
My apologies for such a saturated chart. For me, this bullish trend is ending very soon. We can see that the price is losing strength as it approaches to the weekly resistance. It also got over the 0.76 just for 20 pips and immediately reversed. Zoom in on last pullback and pay attention to the volume traded. You can see the bearish candles have more weight and...
In his way down the price just draw a descending wedge. It might be bouncing after it hit the 0.618. In this case, the first target should be the psychological number 1.60 Also check +DI and -DI on their way to cross and RSI heading upward in a channel. I hope my analysis is useful for your next trades Don't forget to hit the like button, I really appreciate...
If you check the weekly chart, you will notice that the 1.0000 has been a very strong level over the years. If the bullish trend breaks the 1.0000 it will be strongly going towards the weekly resistance trend line extending the fifth wave and confirming the bigger fifth wave (weekly) I hope my analysis is useful for your next trades Don't forget to hit the like...
Will be on the lookout for price to hold at the trend line + 74.00 major price change confluence. *NOTE* If price doesn't hold and breaks lower next area of interest to go long will be ~.7370 If you'd like to be in the loop on even more stellar setups just like this one including how our free community took advantage of a *1,700+ PIP MOVE* that was posted in...
Sorry for the delay in updating the USD/CAD trend analysis! As you can see, the channel trend is clearly broken though now and the question is what is next for the pair, does it find new support and go higher, or is a counter-trend forming? On Wednesday, oil prices shot upwards, which led to a selloff in USD/CAD. For most of that day, the 1.3600 level was the...
H4 - Hidden bearish divergence. H1 - Price has reached the top of the channel. Price is now at psychological level 1, multiple false breaks and divergences. Everything looks good here for the bears and we may now expect continuation lower.
Technicals only I think market didn't move after it bounced second time from the 50000 area. Wick of the candle touched support created by bodies of candles year ago. Double bottom is spread which gives bigger chance that the rebound will be stronger. It is still good time to enter market as the risk is very low. Also 50000 is working as psychological...
Pair is in downtrend for at least year. It created visible channel which trapped the pair in August and since then it is bouncing from two levels 75.50 and 72.50. If I would look for psychological levels I would rather go for 75 and 70. What is telling me that the pair has good chance to follow described scenario: - trade is following recent trade - GAP from...
AUDUSD H4 - 1- Objective trendline on H4 in red 2- divergence on MACD in red, 3- Daily round support levels rejection 0.7100 - 0.7200 which also is a Demand area Waiting for a momentum candle close above the gray zone to buy
1- Objective Channel in red 2- Multiple Divergence on H1 and h4 3- Supply Zone on H4 in light blue 4- A Trend Following Trade confirmed by a 1.3200 level rejection on H4 and orange trendline retest Waiting for a candle close below our gray zone to sell
On 11th September GBPNZD tried to break psychological round number 2.0000 but failed to do so. Within the next 2 weeks, we saw a downturn of almost 500 pips which clearly showed that the market is not going through that resistance. Now it made a pullback and we see it as an opportunity to get in. GBPNZD stopped at Fibonacci 50 and with a proper stop-loss, you may...
Following Thursday’s moderate retracement, the sky has been the limit for October WTI crude oil futures. Since the traditional New York pit open at 9:00 AM EST, prices have risen more than $.50. The Trade Counter-trend scalps beneath $70.00 are likely to produce positive price action. Sells from $69.92 with an initial stop at $70.01 produce 5-8 quick...
September WTI crude is trading right at the 62% Fibonacci macro-wave retracement. Given the reported builds in supply, it is tough to envision a scenario where $65.00 is not tested in the near future. In the event that we see a sell-off in September crude later this week, a long trade from just above the 78% retracement is a good location to the bull. Here is the...