Short idea. 2 Resistance lines approach. Looks like it's forming a head and shoulders. Yet to confirm. RSI looking like it's going to make Lowe Highs (LH). Waiting on 2 speeches that could confirm or defer this idea. If candle closes below previous low and RSI hits the red line. Short idea confirmed. Risk reward ratio 3/1.
ETH/USD level of 300 has been a massive resistance and support level for months. ETH/BTC just went upward through its resistance level of .043, we will see if it stays here...I have my doubts it can full shake the shackles of Segwit2x and the BTC market interest that has been vacuuming up alot of ALTs lately. ETH feels like a jack in box just about ready to pop,...
After viewing the graph using my technical analysis and fundamental analysis i concluded that the USDJPY is in for a major drop over the next few months since it also reached the monthly resistance that it reaches every 2 months and all of the upcoming news conclude that JPY will increase the currency price making in return to have USD JPY Drop significantly, so...
daily bearish candle in resistance should pull the price at least untill previous support
Rejection of monthly zone followed by other confluences, probably should wait for a stronger lower high to be formed
Hey guys ! Here is a good potential setup on CAD/JPY **Risky trade because of Canada interest rate hike ** -- Wait for reversal sign Accumulation of : - Fib 50% - Fib 38.2 % - Lot of trendlines from bottom / top - Resistance zone - Custom fit stochastic Good '' luck ''
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Short are: $5725-5750 Stop: $5780 Target: $5450
This chart emphasizes the power of double tops and double bottoms and then how market reversal works, second, how it is important to adjust your stop loss according to the market trend, there were two false breakouts upon the two resistance levels with massive lower bearish candles, this is why you should either exit before the resistance price level or take some...
We are approaching a big area of resistance and a nice shorting opportunity could come into play if we get a candle confirmation! Trading doesn't have to be difficult just look left and see where price has previously respected... you can see my TP 1 which offers nearly a 2-1 and a TP two with a trailing stop could see you a 4-1 RR...
AUDCHF: consider a trend line broke and short it now . Less is more!
USDJPY has retraced almost 50% since open. I believe UJ will bounce off major support area and head to the upside giving the bulls the uphand to reach the the 114.33 area
GBPUSD coming to downtrend line and resistence level.
Pair is in a descending channel. If price breaks long TP is previous resistance @ 134.40. My bias is short. Price bounced off top channel trendline. There is divergence in rising price and falling rsi. Macd is over-extended long. To confirm bearish move watch for lower lows and lower highs on 15m for entry. 50 sma 1st TP short. 100 sma break short is 2nd...