Hey guys, After a long time I made a new idea! So after some analysing I took a look at the renko chart, which I mostly use for finding support and resistance. After I watched the renko chart for a while I saw a pattern and now the Bitcoin is repeating it. With this repeating pattern I saw a trading opportunity. This are the details: Buy: 10 000 At this point...
A recovery for BYND ? With the break, today of this level we can maybe go back to the green line which is an interesting level. But why "neutral" on this level ? Regarding the context and the company fundamentals, I'm not confident on this.
Hello Traders. The moment of truth is upon us. We have all been spinning our wheels analyzing to no end. The truth is, we do not know where will go, but trust in TA and always remember, your trend is your friend till the end. I hope you all profit heavily from this halving event, long or short, just please do not buy into the bullshit. Trust your TA, trust...
BTCUSD broke through resistance this past week and looks to have found support late. Continued movement up off this support price could target 10350.
XLE looks like hitting long term resistance. a break above the 38.3/4 level could signal much higher prices to test bottom of previous support
Quickly moves up to new resistance level. Based on indicators, looks like next resistance in 10160 level could be next if it can decisively break current resistance.
Hi all, I am back with another new chart. I am speculating bitcoin to hit 9k by 9th May. However I am not providing any trade setup here because I already mentioned the trade setup in my last chart. This is just a speculative chart to boost trade setup of my last 2 charts. Best, Budha
Looks like BTCUSD is hitting some initial resistance. A breakout above this current line then 8650 could be next. Indicators look bullish which could be pointing to another target of 10350 if first two lines of resistance breaks.
XLE could see a pullback through Sept-Oct but looks like limited upside before further drop. key resistance looks to be in 40-42.50 area. Resistance at this level and further downside later in year. The 100 tick renko looks like price does have upside potential in short term.
Looking at indicators and layers of chart (daily renko 50pt blkszk traditional on OHLC), could SPX be set for another big run? 3400 will be a key line to break.
Short term, it looks like EURUSD could be forming a channel with some upside targets.
Possible short term trend of BTCUSD. Stoch, TSI, and ADX look to be positive but would need a break about 7000 and out of the triangle that began forming mid March to continue up (daily renko set at 250blksz and ohlc)
AUD/CAD has been trading in this channel on the 1hr Renko ATR chart since mid March. I can see a short coming of around 250 pips. Nice divergence set up also on the 15 min Renko ATR chart. Good luck, stay safe, stay at home and protect lives. ## Happy trading
While I normally stick to equities or futures, I browsed over a few forex pairs and this popped out at me. On both of my charts that I use when doing technical analysis, USDJPY is showing some pretty bearish indicators. On this chart, price bounced off of a strong prior resistance as it is starting a descent. I notice reduced buying pressure on the MACD histogram,...
Enter now place a Stop loss above two candlesticks. Price to hit 99 levels soon.
Enter today place SL at two candles above
So I called out a potential UVXY trade and I missed the one indicator that every trader relies on Resistance However I mentioned that I was wanting to sell premium, and this retraction was actually beneficial to my theta gang strategy on my paper trading account 5pt iron condor at strike 85/90 call strike 45/40 puts strike It gained $50.00 P&L today bringing me...
Considering the massive bullish volume, bullish renko daily and weekly bricks, its very likely price will reach the yearly pivot. Its about 79 pips long. This is no financial advise!