On AUDCHF, we had the price moving within an ascending triangle for a while. After the breakout of it, the price had a good acceleration going down, but now it is retracing, testing again the uptrend line that formed the lower part of the ascending triangle. Sellers just had a good reaction on it, so it is time to trade the rejection of this chart pattern.
NZDUSD testing the upper part of the down-channel. Buyers seem to be quite strong at the moment, but we already had a good reaction by sellers and the risk to reward ratio is very promising, since we can easily get a RR better than 1:3, even placing our take profit right in the middle of the channel. You can also have a second take profit at the bottom of it,...
And like i said in the last update (reposted due to tradinview rules, posted an external link into the description, :()... I was building shorts, the above setup is from premium channel, target 8600. People really was thinking bakkt people want buy btc at 10k? no they want it lower, its a game for the big money fooling us. Anyway H4 chart BTC again testing the...
No end to this daily chop, anyway bounce from support but bulls not convincing me. I am scaling into short positions, adding and splitting my big order in 5 orders, the biggest if btc try to go up. Premium in short from 10400 area, target below 9k. Enjoy. -------------------------------------------- INDICATORS...
NZDCAD is on a very important support right now. Last action is extremely bearish and the price gives the impression that is able to break through this level and continue towards 0.80 area. Although sellers are very strong right now, a reaction by buyers on such an important level, might be a sign that sellers are taking their profits and buyers are starting to...
When we see a orange outside bar, we will make definetly make a higher bar for next month. There is a rejection at 1.2700, after this there will make a lower bar. Buy till 1.2700 first and after in the long term it can go to around 1.3000. Have a nice trading mont. Greetings Hola
GBPJPY Short/Sell Idea waiting for a momentum candle close below 134.30 to sell this one Reason: 1- Regular Bearish Divergence on MACD (in red) 2- Wedge Pattern (in blue) 3- Resistance/Supply zone from Daily/H4 (in green) Three confluences are enough to consider Selling GBPJPY, after a break below 134.30 (in gray)
AUDUSD just tested a resistance that is formed by the last important swing high. After testing that level, we had a bearish engulfing pattern, sign that sellers are attempting to push the price down. Interesting battle between buyers, who seemed to be strong with the last up-movement, and sellers, who seem to find convenient the level 0.6808 to place their short positions.
EURAUD is in a short term pennant and we just had a bullish engulfing pattern at the bottom of it. With a risk to reward ratio that is better than 1:2, this could be a nice trade to catch!
Here to provide a very simple and clean chart for you guys today. I've made it nice and easy to understand. The purple line is long term major resistance. Anything above it is extremely bullish and you should expect it to run if we get a pullback and retest of that line as established support. Likely due to fundamentals rather than technical when it comes to oil....
EURAUD rejecting the trend line on the daily, confirmation needed then long
XAUUSD - GOLD Long/Buy Idea waiting for a momentum candle close above 1510.0 to buy this one Reason: 1- Regular Bullish Divergence on MACD 2- Channel Rejection from H4 (in green) - Trend-following setup 3- Descending Triangle Pattern (in blue) Three confluences are enough to consider Buying XAUUSD - GOLD, after a break above 1510.0 (in gray)
Simple short trade. Nice and clean waves on the 1hr timeframe and using the 50ema for help. Looking for $1475 as my target profit for just over 6:1 RR
Yesterday, we saw our EURGBP short position hitting the stop loss for less than one pip and going down, hitting our take profit at the bottom of the downchannel just like we planned. Today, the price is offering a second chance to trade the same chart pattern, so we try to enter again with a favorable risk to reward ratio.
EURGBP following a down-channel and now the price is showing a rejection at the top of the channel. Strong red candle, following a strong green candle. It is a sign that the battle between buyers and sellers is on and sellers are trying to react and open their positions right at the top of this down-channel.
AUDCHF is at the bottom of a pretty solid range. The price is just getting out of a small congestion phase and buyers seem able to continue to push the price higher, towards the top of the range. With a risk to reward ratio better than 1:2, it's definitely worth a try.
Nice set up forming on USDJPY with multiple timeframes coming in to alignment. Daily timeframe is producing a new lower high with price rejecting the fib 0,786 retracement level and a previous bullish trendline to act as resistance. I will wait for the 4hr chart to produce a trend reversal set up before entering. I want a lower low and the bullish 4hr trendline...
EURUSD broke an important level of resistance this morning. The price is testing the same level and buyers reacted forming a strong bullish engulfing pattern right on the previous level of resistance. Easy setup with this trade, with a standard stop loss below the candlestick pattern and take profit above the previous swing high.