in my last post, i mentioned it's too early for us to know Now we know!! more I am trading & charting I am starting to understand both Support & resistance are not A SINGLE LEVEL but actually Zones!!, right now we are at the resistance & if we reject here I am HOPING THAT fibs will hold & trendline support as well. Once we break & close above the red box we...
this is an update for the previously posted plan my thinking was that we will retrace however we have already broken out & weekly candle has been closed successfully above the resistance trendline. so based on triangle breakout I will try to average down my entry for the long term, remember this is not for leverage trade (though you can just use 2-5x...
Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone....
Hello Traders, Silver could be set for another small push higher to finish wave 5 before a large corrective structure lower. This also falls in line with the DXY index. The DXY could be set for another leg lower before a corrective structure higher. Metals have continued to dominate across the board including gold and copper. The could face profit taking and...
testing resistance once we close above Red box will be entering on the retest
1. inverse Head&shoulder breakout 2. Triangle breakout & retested
i am still long from 8700 want to hedge a short here around 8900 but BEST SHORT will be from 9200 if i see good rejection will short big there waiting for this triangle to break either up or down, choose your side! let me know in the comment where will this break?
EURAUD 1HOUR TF So here is something I am waiting for to come back and test the retracement on the fib retracement! I am not going to be holding my breath here as this could still continue with the downtrend and not retrace!! or we could see a swing trade happen when it breaks out of my trendline retest the trendline on the 50% fib level and see it go for 1:12 RR...
Short sell soon as per the chart, current move up is a Dead Cat Bounce, in my opinion, we should see another move down soon.
Hello everyone, welcome to this quick update. #ETH could retrace as shown in the chart to the $183.45 to 183.70 Level which is the best level to long with a SL around $178.85. Observe the chart. You might think why don't we short from her? Well guys I don't consider shorting when ,market is ranging to the upside. In a positive rally we long the dips, right? 50D...
this is just an update on the previous triangle, after that takeout of the support as i mentioned on telegram expecting some retrace here at least till 67xx before another leg up as we are at the resistance of trendline it is good range to add some shorts, I am still a bit conservative with position size cause of GAP on CME futures right above us
Bitcoin has opened the trading week above the $8,000 level after selling failed to build on last Friday’s losses below the $7,900 level. The BTCUSD pair faces a major challenge moving back towards its 200-day moving average, with the $8,500 level interim resistance. Overall, bulls must be cautious today as a head and shoulders pattern is present on the lower time...
This is a pair that I discussed on #planyourtradetv on Youtube that you can view on Sunday's at 4pm here is a link from that live stream so you can get the full analysis here at youtu.be if you like the analysis subscribe and drop a like. To break it down: The EURUSD is on a downtrend in the monthly It recently broke a head and shoulders pattern to the downside...
Yesterday during the Fed news segment as the long positions gathered, a large number of long orders were filled around our set supply zone - Due to the large spike up and the slow reaction back down, it can be assumed that the trend is now bullish and we are witnessing a pullback - The resume of trend is expected once price has returned to our supply zone and a...
The euro currency is back under strong downside pressure against the US dollar, with price now trading closer to key weekly support. A successful break below the 1.1431 support level is likely to accelerate EURUSD technical selling, breaking the recent bullish double-bottom. A break below the 1.1431 level could also trigger a bearish head and shoulders pattern...
Ethereum has moved sharply-lower on Monday, with the second most popular crypto losing a further fifteen percent of its value since Friday. ETHUSD is now approaching oversold trading conditions after reaching the bearish head and shoulders pattern downside projection, close to the $300.00 level. Furthermore, the MACD and RSI indicators across the four-hour...