The price is creating a falling wedge and the price is testing the dynamic resistance after the first rejection on 0.382 Fibonacci level. After the Breakout from the descending channel the price created a double bottom on 4h Timeframe. How to approach it? IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's...
EURUSD is trading between the levels of 1,05-1,06 during the whole week. Right now, we don't really have any good trend trading opportunities. We're still looking for selling opportunities as our main idea. We are only selling if price breaks below the previous lows or if it pushes above 1.06 and then we see a reversal. We are not looking to enter any...
H4 - Price respected a key resistance zone and bounced lower. Bearish divergence. Expecting short term bearish moves to happen here. H1 - Bearish convergence. Currently it looks like a pullback is happening. Until the key resistance zone holds I expect the price to move lower further after pullbacks.
We're still looking for selling opportunities on EURUSD That move up from yesterday brings us back to our previous idea where we looked at price possibly reaching the zone around 1,0700 to give us an entry. That will allow us to have confirmed entries with a better risk to reward ratio. We won't be looking to participate in that move up but instead, wait for...
D1 - Price respected the psychological level 1.55 and bounced higher. Bullish divergence. Expecting short term bullish moves to happen here. H4 - Bullish convergence. Currently it looks like a pullback is happening. Until both the strong support zones hold my short term view remains bullish here.
The major trend is Downside in US30 So we are waiting for price to come to the top bands in M15 chart (30400 can be zone to SELL the US30) Good example of trading based on pullback strategy with TMA Reversal Channel Indicator.
Yesterday we looked at the selling opportunity on EURUSD Right now, it's still valid and we could expect a further confirmation once price closes below 1,0496. Short positions with stops above yesterday's high are still on the radar. We should see a retest and then a breakout of the low - 1,0348.
Zil surged over 50% last day, of course this will not last for long. At the time of writing, Zil is exactly on $0.043 important resistance. That’s the 1st resistance you need to look for shorts. The second one and most important is at $0.05, n’ I think that’s the max top of Zil’s pullback.
H4 - Bullish convergence. Currently it looks like a pullback is happening. Until the key support zone holds I expect the price to move higher further after pullbacks.
Yesterday, we looked at both entry options on EURUSD Right now, it's more likely that we will see the one with the aggressive stop loss above 1,0610. To make an entry, it's best to wait for a candlestick with a long wick to the upside and also a close below 1,0496. Once the downside move begins, we expect to see price down at 1,0348 and eventually a breakout...
There's two options to short EURUSD The first one is an aggressive way and it's by using stops above 1,0601. This way, you'll have a good risk to reward ratio in case you're looking for a new low. It's considered aggressive because you can get stopped out but then price could easily turn around and continue lower. In this case, you'll need to look for second...
btc short support and resistance price action pull back break out trend line
GBPAUD has traded out of a major consolidation/accumulaltion period before dropping price and retesting the accumulation zone before a nice move to the downside. We will want to watch price make a lower low on the lower time frame and a minor pullback before getting into any shorts to the downside. I hope you guys have a good week ahead, as I personally am taking...
EGLD broke important resistance at $53.40, yesterday, but today is below it again. Daily candle close will confirm or not the fakeout. Anyway do not expect huge pumps in a bear market. Next support is at $40 and I’m sure will break it, after all. The first crucial support to watch is around $25.
As expected, EURUSD has started the pullback after FED It's a clear upside move that we expect to continue towards 1,0700 This is not the right time to sell! The situation is changing quickly and we should spend more time and focus on proper money management. We shouldn't take on more risk than needed.
H1 - Price respected a strong resistance zone and bounced lower from this zone. Bearish convergence. Until the strong resistance zone holds I expect the price to move lower further in the short term after pullbacks.
Yesterday FED raised the Interest Rates by 0.75% instead of 0.5%. Despite that, our expectations were right and we saw a wick to the downside followed by a move up. It is more likely that this pullback will continue, We are looking at a possible move to 61.8% of the last downside leg, which is 1,0615. The market will confirm our idea once it breaks above...