AUDCHF Potential Trading Opportunity! I will be looking to short AUDCHF because of the underlying fundamentals between the two countries have been pushing prices lower over the past year. We are approaching a strong zone of resistance and AUDCHF has been trending downward in a nice channel. When price gets into the zone it will provide a good opportunity to...
Rules for RSI 80-20 Reversal Strategy on chart Short Confirmations - Divergence Price stretched away above 50 sma Macd Overbought & crossed below Red line RSI Overbought and falling
After a day of sideways movement yesterday, we have finally broke upward and reached the 160's again! We reached a high of 162.10 before pulling back. Litecoin short term is still bullish which is good. We will need to break about $145 to reverse this. I circled what I believe could be a good buy zone in case LTC does decide to turn around. We have support at...
After the Euro has formed its High after the big rally, it created a double top also known as a reversal indicator. Looks like it has found a support level @1.2212 level. A good possibility for potential entry is if this pair makes its way back to the resistance level of 1.2394 which is also a selling opportunity. The 2618 Pattern recognizes the 61.8% level as a...
We are setting up for a move higher if we can break the trend lines and overhead resistance. Let's go!
BTCUSDT Price bounced up near the support line to the R1 and 38.20% Fibo. First resistance is testing now.
We have been holding up in the 140 range for a while now which is good. If you take a look at my day 7 TA, you will see we went perfectly through my buy zone and went back up. We bounced off of 137.1 twice so I have that as our current support and a good spot to place some buys. If that is broke then low 130's is next support. Our current short term resistance...
It is no surprise that after reaching a New Structure High of (~.81) that we have such a bullish move, losing about (.30%) of its value. However the previous high was @ ~.805, so we can see that price is trending to the upside overall. Price currently is magnetized by the 50% Fibonacci level being our previous structure resistance turned to support. The key level...
BTC is having a hard time attempting to break through the resistance. Lets see how it plays out.
A bullish flag seams to be forming on BTC hourly. High volume on the flag pole and low volume on the flag itself is also a strong indicator of this. We may expect a break above $8400 resistance level. The graph shows one way this could happen. Namely, a bounce of $8400 resistance coupled with expected RSI overbought signal is anticipated, after which a...
Not interesting in looking for buys i'm more interested in Patiently seeking sells around the price levels on this weekly chart and seeing if we can encounter the same reaction we have seen around these levels in the past in the next few months !
After losing momentum after testing the 1.43 level on the Daily time frame price has moved lower and has formed a bear Doji candle. This indicates some indecision in the markets at the moment, Sterling trying to find its ground moves lower and lower breaking the 1.4 level. Hovering just below this level price action needs to decide if GBP will find itself heading...
Sell USD/CAD has been a engulfing candle into a resistence zone.
February's High was reached @ 156 so the market seems to want to correct itself either to make another push to the upside or to continue in this downward spiral. Price has broken several key Fibonacci levels and slowed down @ the 38.2% fib indicating that to be a strong support @152.35. Taking the new structure high and the outside return using a Fibonacci...
The SPY finally had its long-awaited correction with a 2.12 percent drop last Friday (see www.reuters.com). In this graph, both the yolk and white are based on short and mid term support and resistance levels. I'm expecting the price to travel along the yolk, breaking out through A , and finally breaking through B . In both scenarios I'm expecting a...
Broke out of the descending trend line.Will be looking to enter a buy position.