Comcast Nearing 52w high. Has been rejected on a prior test. Tight Stop loss (1%) with a short position off of the retest.
Symbol: EURAUD Prediction : Short Daily : We are in a long consolidation on this timeframe, we got 2 previous rejection candles. H4 : The price drop down, come back to retest the resistance, we can go until 1.58200. We also have a divergence at the top. H1 : We are on a consolidation box, we can wait for a break of this box before any entry position.
We have an opportunity to look for a short trade on CADCHF. We have multiple reversal signals including: 1) A rejection candle 2) Multiple failed attempts to break .762 level 3) RSI Divergence
Daily Price has approached the top of its consolidation range, and has formed a spinning top candle, a good sign of Indecision. Since it is in consolidation, this could be a sign of another bounce moving price to the lower bound of the range. 4 Hour Dropping to the 4 hour, we don't have signs of much bearish potential. There are signs of bullish potential...
Daily On the daily, price is in uptrending structure, and has run into the level 1.87000 , which is a prior high. As price first approached this level, it was rejected and formed a candle showing a fair amount of bullish rejection. The following two candles have tested this level and was also rejected. The first of the two candles shows indecision, the second...
Daily Price on the daily is uptrending, and has recently entered a zone which caused price to begin a long bearish move. There are signs of indecision and bullish rejection, as a doji spinning top and doji bearish pinbar was recently formed, both strong signs we could be seeing a change in momentum to the downside. 4 Hour Dropping to the 4 hour, we can see...
In my previous analysis (referenced below) we have managed to "catch the local bottom" at 3336 (bottom was at 3330) and capitalize on the large part of this bullish move. Now we see a clear rejection from the pivotal area (4150). Not only that, but the weekly candle printed a very bearish swing failure pattern. Supply zone above the previous high at 4130 was...
While the bullish fervor may have stirred me a bit, the bullishness is definitely gone with the failure of the Adam-Eve pattern. As you can see above, I made a failed trade at the beginning of the day, small position, and a successful trade right after, large position, which made my week on a Sunday; not a bad turnaround from being deeply red, and almost stopped...
If we look at Monthly and Weekly timeframe we have a lot of rejection from 1.6200 (a big shooting star Weekly). If we look daily we have 4 rejections from 1.60000 and 3 dojis and 1 spining top (clearly this means that Eur/Aud will drop) What I'm looking in this trade is a retest of 1.5900 zone before going down, it's a good trade where the risk reward is...
Analysis – USDCAD | W1 | BULLISH This is a potential 175+ pip setup. Our analysis has been produced from the Trend Based Fibonacci. The methodology has been reciprocated with price action since April 2016. The price has now reached our 78.6% retracement . The weekly candlestick has closed above this level which exhibits a rejection. This analysis also...
NC at major resistance level. R:R is not bad to risk a sell at this point ;) -- Best of luck! Felipe
USDSEK respecting deciding trend line extremely well, negative USD new later
Strong rejection on 4hr chart, should form a double top, target is just above the 0.38 fib level.
**Update to previous post** Looks like we did NOT break weekly trend. A retest of the top trend line (~$4.15-$4.20) or the last couple of local lows (~$3.00-$3.50) could be in the cards. Hopefully you got stopped out if you entered this setup (see previous post). For now, we sit out of this coin until we see a breakout. -Pic
EUR/USD is currently hitting the 4 Hour Trendline. I am waiting to see if this will be a trendline retest or breakout to the upside. Patience pays. Goodluck traders
EURCHF has been bouncing between the demand and supply zone and struggling to break out. we have reached the supply zone yet again which has given us yet another opportunity to take short positions.
CAD/JPY has rejected the weekly Trendline and also a daily support level with a bullish Pinbar candle. (Indicated on chart). This leads us believe that buyers have taken control of the market. This is looking like a long term buy trade. Wait for a buy setup before entering and use small risk.