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.
It looks like the trendline may not be breaking. It appears that we are seeing a rejection. However nothing is 100% for certain. Only time will tell, we have to be patient until it gives a direction. Use your patience
The reason why we believe this pair is bullish Strong weekly zone rejection and Daily strong bullish candle Next week we will be looking for confirmation on this long bias by delving deeper into this and looking for confirmation on the smaller timeframes. We will be looking for a pullback and an engulfing bullish candle to confirm our entry. We will...
First publish. Just an idea that is coming into play now. Price keeps rejecting in the same zone.
Current structure tells us this pair is trading a range and hasn't shown signs of an upside break as the previous daily candlestick formed as a pinbar. Multiple rejections of this supply zone on the H4 timeframe indicates that price will retest the levels of around 1.1630 or even lower before possibly going higher and breaking this structure in the near future...
after a big rejection on 1257 i expect further downside on GOLD @1230-1220 area before continue its rally in 2019
Link for confluence checklist: www.dropbox.com Chart View: www.dropbox.com Please share and critique. Always open to different perspectives. Cheers! SangNguyen ig: NguyenTrading_
EURUSD is still very bearish Share your thoughts and observation in comments session :) ------------------------------------- Risk warning! Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. Supplied information is not advice. -------------------------------------
Methodology Chart time frame: 4H Events: Elliott Waves Theory: Wave 5 completed combo with Elliott triangle wave. Ready for a correction wave ABC Pattern: Descending triangle just broke trendline. Bullish Divergence: new lows were not reflect in RSI Rejection at 8.201 levels Trade Management: Trade Entry: 8.502 Stop Lost : 8.200 Targets/TP:...
Rejected the weekly resistance level with spinning top and pinball formations. Met 61.8 fib level on the daily and wasn't able to take that out and saw bearish momentum shortly after. Seemed to be a false breakout of the daily trend line and now we can see price action coming back to the downside and below the 8 EMA which confirms that this trend line should be...
Tripe top on H1 if current candlestick closes bearish Head and shoulders on H4/D1 where price is currently retesting the neckline 31.8 fib correction complete and confluence with my daily support now resistance of 1.7933 Bear market since mid October Target 90 pips with 45 pips stop (1:2 risk/reward)
If structure holds this pair should bounce back from its bullish trend line since the start of last month, and with added confluence of the 61.8 fibonacci level, we should have seen the end of this downwards correction. The bearish momentum of USD/CAD has been overturned since coming out the daily parallel channel and subsequently this pair has been forming higher...
Netflix ( NASDAQ:NFLX ) has been a market darling for the past two years. It has run up hugely on a cocktail of debt and multiple expansion. The company continues to require debt to fund its content creation in an ever increasing competitive environment (think NYSE:DIS , NASDAQ:AMZN , NASDAQ:AAPL ). AAPL reported weak guidance yesterday which I believe marks...
Bearish momentum to continue even further, 20 EMA on H4 acting as a dynamic resistance for this pair. We can see it bounce off both the trend line and EMA with a pinbar rejection candlestick.