The NZD/JPY pair has fallen by 920 pips over the past 15 days. Such a significant and sustained decline is unlikely to continue indefinitely without a corrective pullback. Currently, the price has halted its downward momentum and is beginning to reverse near my key area of interest.
Key Confluences:
The pair is rebounding off a descending trend line that has...
NASDAQ:NVDA is clearly overextended but still not bearish at all on the smaller timeframes.
If you watched my previous analysis on Nvidia, you know that I have been bearish for quite some time and totally wrong so far. But there was never ever any single sign of weakness so I did not take any trade betting on price to go down. Nvidia is still retesting...
NASDAQ:NVDA is clearly overextended after the +1.000% rally and ready for a correction.
Trees simply do not grow to the sky. And neither do stocks, especially Nvidia. I know that a lot of people are calling price targets of $250 and beyond, but we still have to respect gravity and the nature of fear and greed. Nvidia is simply overextended a retesting a 6 year...
GBPUSD is trading in descending channel and printing consistent LLs LHs. Currently the price is trading at important resistance zone. As the red candles at resistance zone indicating the sell pressure.
If the sell momentum continues the red next target could be 1.2550 region.
What you guys think of this idea?
Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are...
Although quite risky since the potential double top is not clear enough, there is a clear ascending channel heading towards the resistance level. An impulsive rejection will determine if this ends as a reversal.
USOIL get support at 77 level and up, USOIL has a bullish form. But oil can't breakout resistance level, looking trading consolidation zone. We need to wait because above this level, the price may get rejection and down or breakout and up
Despite the identification of a reversal pattern that supports a bullish momentum, I am thinking of taking a counter-trend opportunity as the current structure suggests that buyers are yet to find the momentum to break through the key level at the 1.776 area.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks...
Ascending channel with price aiming for a potential double top.
Looking forward to a short position if price clearly rejects either at the double top or the third touch of the ascending channel.
goin long for a quick trade here, joing the reaction of the trade. going for 1% risk, just my typical half risk... its an overall down trend, i just trade the reaction then preparation for shorts
As we can see price stopped here for a while and yesterday it receives the second touch with a major resistance zone and the price receives heavy sell pressure once again and now we have double top or rejection candles on the daily chart.
So if local support on 46500 zone breaks then the price can easily fall to our targets and supports on the chart.
DISCLAIMER:...
SUGARUSD. Watch how Sugar responds to the trend line after the symmetrical triangle breakout. Entry at the intersection of trend line and EMA 10 EMA 20 with rejection candlestick wick. In the this technical chart there is a TREND, Diagonal LEVEL, and SIGNAL.
Initially, I was look for a sell at this horizontal support resistance line. After price broke and closed above horizontal support resistance line, I was looking for a buy signal on the H1, H2, H3, or H4 Chart. A bullish rejection candle was formed on the H1 Chart at 16:00 on July 28th.
Note. It is important to wait and see if a rejection candle will form at...
Welcome back Traders, Investors, and Community!
Hi Traders, AUDJPY on H1 has broken below a major Resistance , retested and got rejected by a large red candle which indicates it might go lower.
⬇️Sell now or Sell at 83.330
⭕️SL @ 83.43
✅TP1 @ 83.030
✅TP2 @ 82.670
✅TP3 @ 82.500
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really...
