IF the market breaks higher than 2394, THEN long IF the market breaks lower than 2310, THEN short WARNING : this is my trading journal, not indicator of buying or selling....
-USD/GBP broke it's trendline and a resistance level; -It is now retesting that level so a good opportunity for a long position is on the table; Do always use stop-losses and remember this is not financial advice.
Ethereum is currently moving upside on the 4H chart, however: -It is making a 3rd touch on its ascending channel as well as it is touching the resistance level of 236-240; -Price is way above the moving averages on the Daily Chart; -RSI is overbought on the Daily Chart; Right now, the smartest option is waiting to see what happens: -If we see a price rejection...
BTC first more significant correction/wick bellow 10250$. So far forming a hammer doji , but we need more information before confirming/assuming a more positive directing. The situation can easily turn and the hammer doji can transform into a hanging man pattern quite easily. So far staying neural to moderately bullish. Remember not to over leverage your trades...
W1 - Price still has room lower towards the bottom of the bearish channel. H4 - Bearish hidden divergence. H1 - Price has reached a strong resistance zone, bearish divergence. Until this resistance zone holds my view remains bearish here.
We can clearly see that USDCAD will be bearish this week. It is forming a BEARISH PENNANT (which means that we will have a DOWNTREND BREAKOUT, maybe with retest). WAIT FOR CONFIRMATION!!! It might go a little bit up to retest that GREEN RESISTANCE LINE then go down. Hope it is Helpful!
Ethereum Classic - ETC has touched it's 200-day moving average, which might act as resistance. This is also an area where it found support in July and August of 2018. It would make sense for it to stall here after quite a good run higher.
we have three clues showing a potential reversal on NZDCAD 1- Broken Channel in blue 2- Divergence on MACD in red 3- Resistance area 0.86 - 0.87 a potential Head and Shoulders pattern is forming. Let's see if price will respect our analysis by forming a lower high to confirm the trend reversal which would also be considered as our right shoulder. our entry...
Gold is currently sitting around the resistance zone at a 5 month highs. We are expecting breakout here for continuation or rejection and for gold to fall. If the rejection happens this is a great opportunity to catch a lot of pips on the downfall. This is one we are watching closely at the moment. We will be looking very closely for rejection here or a possible...
price is showing signs of rejection of the resistance level, also the dollar is looking weak across the board DXY
Sanofi is currently in an uptrend, with a bump and run present, a triple top and a new support formed from the mirror resistance level. A bull flag formation would be indicative of a trendline break.
Hey everyone! Consolidation leads to? Here is a great example where the price just seems to be getting that last fuel before moving up. The RRR (Risk-Reward-Ratio) of this setup is considerably high, so the probability of failure becomes greater. Nevertheless, a worthy look as you can always chose to downsize your risk. Lastly, not how the POC (Point of...
XLF is threatening to break out above the 2007 highs and begin a new leg higher. In the short term it's safe to expect a bit of a battle up here
NYSE:CMG 810 is the obvious resistance!
Daily candles showing rejection to the trendline, as well as 4hour chart forming lower highs. If we see DXY bearish this week, then expect to short this pair. I will be waiting for either a bear flag or a rejection wick to the trendline and then a candle formation on the 1hr chart.
USD/CAD hit a strong resistance level overnight (the level was formed a few years back and has provided S/R at multiple points since then - not every time, as nothing is perfect, but enough to show the market respects it. Given that we've identified a resistance level that has been validated by the market, we then look for additional confirmation. In this case,...
Please do your own research. Do not take anything I publish as advice.
The GBP is still at the top of the Daily strength meter v CAD which has dropped below the zero line the past 3 days indicating a push up for GBP. The problem here is that GBP has been attempting the move the past month and keeps being restricted in its advance. A break and close above 1.7100 should provide clarity to the upside for the time being. Should GBP...