Price has held high for 20 bars without progressing the bullish trend
Bearish bias because Macd crossed below Red signal line heading towards zero line
Sell Stop @ 111.95
1st Sell TP @ 111.65
2nd Sell TP @ 111.30
3rd Sell TP @ 111.03
Find your SL
Close trade if Macd crosses above Red signal line
The SP500 index has reached an interesting resistance area, let's see what will happen tomorrow pending the FED decision ....
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ADA seems short term overbought (RSI), but still with strong long term support by upward sloping MAs (200 EMA has not bottomed and is tilting upward).
Retracement may present good long term buying opportunity.
Not financial advice. Do your own research. Never risk money you cannot afford to loose.
Over the past month the USDCAD pair has undergone a bullish breakout trend starting April 9th. April 9th passed the 2018 resistance level of 1.33133 which placed the trade in a bullish trend. IT has tested this 1.33133 level twice and I believe it should be on the breakout to 1.34023 initially and a final high of 1.34600. I wish will initiate a buy order at...
1D: Price has hit major support. Candles showing reversal.
4HR: Sellers are starting to come in.
Lots of room to the downside all the way to trend support.
1HR: Price should retest resistance and continue downtrend.
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ATH is 114. I'm not expecting us to go there. AMD had it's run up already, SPX is looking slow (and like a Head and shoulder on the weekly). I'm better as a bearish trader which sucks in the kind of rally we've had from the bottom, but I've adapted by being more patient and precise with my entries and stop losses.
Short entry 112.70
Are you a bull or a bear?
It doesn't matter much here to be honest.
This one isn't hard. The resistance and support areas for BTC are obvious.
Are you a bull and you think BTC is going back to 20k and than 50k or maybe up to 250k? Maybe someday it will...
But even if BTC found it's bottom and we are now in uptrend it's just very unlikely for the price to sky...
Just take a look and take your advice!
The current USDJPY
As you can see in the figure above, the pair is within the descending channel and also have on it is the Harmonic (Gartley) model. In this case, two schools give us a Bullish on condition that I do not break the downtrend (channel).
So, we have to take care of the price it will not go higher than SL on...
Hello Good Trader,
This is my technical point of view,
We can open short when price break 1303 area
Please trading with your own money management strategy, don't risk what you can't afford to lose.
Keep calm and focus on your trade plan!