Here it is very nice 3 combination of Harmonic patterns. The biggest is Butterfly pattern on the right side and RSI was on 70 level with next confirmation. Another confirmation is previous resistance level of the left side of Shark Harmonic pattern. Sell this trade now with 20 pips Take profit and Stop loss 20 pips too. It would be 1:1 trade. Happy trading fellas....
Daily charts showing price hovering at resistance zone as indicated in the chart. Price is currently forming a nice uptrend formation with higher highs and higher lows on the daily chart. H4 chart, that is also shared below, shows price has broken inside the zone earlier from below and trying to find support (earlier resistance hoping to become support) We ...
NYSE:RLGY Notice Inverse Head and Shoulders pattern. 18 EMA attempting to cross above 50 EMA. Price just broke resistance at $6.48. Target of $11.19. This is not financial advice. Trade safely.
High Frequency Traders gapped INTC up on earnings news. Pro traders are in the mix. The previous resistance level is a profit-taking technical level for the professionals, who entered before the High Frequency Trading gap.
IDXX has dropped down below its previous all-time high after retesting the high resistance level. The stock has fairly consistent lows within the range. Support levels are potential bounce areas.
The support line - confirmed by the bounce-back of 18 Sep '15, 19 Apr '16, 01 Aug '16, 15 Dec '18, 04 Feb '19, Mar '19 - confirmed by the bounce-back of 21 Oct '17, 24 Jun '18, 13 Aug '18, Sep '18, Oct '18 - confirmed by the bounce-back of 17 May '19, 06 Jun '19, Sep '19, Oct '19 And...
AUDCHF is following an ascending channel. I has currently reached a strong resistance level and has shown signs of reversal in smaller timeframes. There is a likelihood that the price may fall down towards the support line of the channel. Breaking of the resistance level with invalidate this analysis. If you agree with this analysis hit the like button to show...
The price bounced off from a strong resistance level at around 108.949. Price is also following a clear ascending channel. It may proceed downwards to the support line of the channel. Kindly take note of the dotted line 1 as it is a strong one too.
Just opened a short position after it testing this major area for the 3rd time, its been struggling more and more to get back up. Lets see how it goes
SELL AUD/JPY @ 74.438 SL @ 75.250 TP1 @ 73.880 near 23.6% TP2 @ 73.500 near 38.2% TP3 @ 73.200 near 50% -Price action shows a bullish trend but double topped at whats looks to be a strong daily resistance respected many times as far back as Sep. 16, 2019. -TP3 sits well at the 50% level...
Waited for structure to break to the downside before shorting near the top of this range. Happy with this entry. ATR1 for first TP and TP2 shown.
in daily chart Stochastic is in overbought and in long term the major trend is definetely bearish so we have good chances to see price come to the 2019 lows; set a stop loss over the red resistance which represents a strong level; today pivot point 1.1005; open a short trade if this price will be heavily broken; Do not enter in this trade if today the price will...
1) Trend Analysis - Still in the downtrend (Didn't break any significant highs yet and the MA is still facing downwards) 2) Resistance Analysis - At the confluence of horizontal resistance (represented by the broken-green-line) and trend-line resistance (represented by dotted-blue-line). 3) Candle Analysis - No strong bulls yet. A big bull bar but no...
On this pair (gbpusd) based on my analysis the price hits its previous daily structure which is the resistance level. to confirm that it will reverse to the up side is that we need to see rejecting candles so as false breakout, If not then price will break though daily structure and continue to the downside.
Here to provide a very simple and clean chart for you guys today. I've made it nice and easy to understand. The purple line is long term major resistance. Anything above it is extremely bullish and you should expect it to run if we get a pullback and retest of that line as established support. Likely due to fundamentals rather than technical when it comes to oil....