Yesterday we saw price reacting to 1,0678 which could be the bottom on the H1 trend. This is also a chance to enter aggressively right now with stops below 1,0678. It's considered aggressive only because price could reach the stop loss and this won't mean the trend has reversed, therefore price can then continue in the same direction. However, we're looking for a...
We went up a bit, now it's time for Pullback. Sometimes buying at the wrong time can hurt you, now is not the time to buy.
btc long support and ressistance trend line swing piont break out pullback
We can see that the upside move is slowing down and it's time for a short-term move in the opposite direction to around 1,0650. As we said yesterday, EURUSD is one of the pairs that we are currently not trading. This drop could continue to around 1,0600 but we're still expecting higher values then.
We were expecting a reaction of the sell area but right now, it looks like this move doesn't have enough strength. That's why it's probably best to stay away from trading the EURUSD. It's more likely that we will see a drop to around 1,0540 followed by another move up later before the actual trend reversal on H1. As of right now, it's best to wait for a better...
The momentum is indeed bearish even so, $1700 is strong support for the price and trying to hold on there and if the price lose this support, the next target will likely be around $1420. On the positive side of view, If the Bitcoin current range lasts a little longer or rises, I expect at most a pullback to the recently broken ascending trendline around $2500....
Logic may result in loss. Technical intuition may be safer- I prefer to enter when resistance (as drawn) is broken, more likely, while it pullback to retest. It's a High risk trade. Direction is pending.
Looking at the Ford weekly chart, share price has fallen hard since Jan. of this year with no relief pull-back. Well over 50% from the low in March 2020. Is it at a good level now for that pull-back to happen? Notice a possible head and shoulder formation brewing in the works. Price is at the 200ema on the weekly and at the .618 fib level. The .618 fib level is...
When price moves from A to B, it rarely moves in a straight line. To get from A to B, price moves in that direction, retraces a little, then moves in that direction again. Why does that happen ? 1. Natural supply / demand dynamics The further price stretches up the less buyers join into the move. After some time whoever wants to buy already has bought. The...
Yesterday we expected to see a beginning of a downside move on EURUSD. However, it looks like we're probably going to see higher values before that due to lack of strength, All short positions should be closed. We will be looking for short term buys around the levels of 1,0543. There will be new selling opportunities at a higher price levels!
After breaking RED trendline, OIL price will increase dramaticly A Pullback is possible
Hello traders, GOLD is meeting a typical position fibo 382 of last downtrend swing. RSI DIV meaning some sellers are trying to open position here. A small fibo 382 position could be a support for gold if it want to rise up again to next fibo position, like 618. Otherwise, it could retest the bottom again on 4h chart. So this plan on 4h chart is looking for...
the price tested the demand zone on 10$ and get the new liquidity. Now the price is testing the resistance on 12.5$ after the breakdown from the ascending channel (weekly) How to approach? IF the price is going to have a breakout from it, and retest the 12.5$ as new support, we could see a new pullback until the monthly level at 15$, According to Plancton's...
Yesterday we looked at the sell zone on EURUSD Price has now reached it and it's time to look for a possible reversal and entries to the downside. We're still expecting another push above 1,0700 and our best entry moment. Stops will be above the sell area and the reversal!
Last week we talked about a move up to 1,0660 We expect to see a continuation of this move. However, it's important to make sure that we know what's going on on the higher timeframes as well. We already have a sell zone on H4. That means, once we see price entering the zone we will be looking for a possible reversal and entries to the downside. All buys...
NZDUSD is bullish. Why? Price closed above trend line resistance. The close transformed trend line into support. You also see higher lows are increasing. Be on the lookout for a price action signal on the pull back.
H1 - Bullish convergence. Currently it looks like a pullback is happening. Bullish hidden divergence. Until the strong support zone holds my short term view remains bullish here. A valid breakout above the most recent downtrend line would be the validation for this bullish view.