Now I decide to look into AMD just cause all of the developement they have been doing and was looking to see when I can get some good options on AMD. Looking straight off the bat it doesn't look great. We have dropped below the 20 and 50 EMA with it going straight towards the 200EMA. Now to me it doesn't seem to bad, yet as many people noticed around 6pm central...
AB=CD pattern is being painted by Price. Weekly trend is bearish Daily shows a strong bullish movemen which has retested the consolidation zone. The price has not made it to the larger 61.8 level, finding a position in between. From the one hour time frame there is a clean AB=CD retesting the previous structure. The trendline has been broken. There is also a...
Price is currently following an ascending wedge. The price is almost at the peak of the wedge. Price has stalled at the 61.8 level from the last major swing. I expect at least a short sell into the the wedge or, for more security, wait for price to break out of the wedge and use a smaller time frame for entry to reduce the risk.
multi time frame 1w 1d 1h
The euro has opened the new trading month under pressure against the US dollar after suffering its lowest weekly price close since May 2017. The psychological 1.1000 level is now former key support turned resistance, with 1.1026 level extended resistance. Below the 1.0960 level, the 1.0900 level is the most notable form of technical support for the EURUSD pair...
As expected last week candle closed as a bullish engulfing candle to reach the highlighted region area which is in confluence with 61.8% retracement line to form a right shoulder. However, price will be closely monitored around this region due to key fundamentals ahead this week, e.g fed rate talks on interest rates. Many investors are expecting dovish sentiment...
HEY GUYS THANKS FOR THE FOLLOWS NZDCHF IS GOOD FOR ENTRY - IM DONE WITH TRADING FOR THIS WEEK - IM A SWING TRADER I MAINLY JUST HOLD POSITIONS AND LET THEM PLAY OUT -HAVE A PROFITABLE WEEK AND A BLESSED WEEKEND
Hello Hoomans. I'm making a part 2 of my TA because my previous call was perfectly on point, so i'm here to catch up with you guys. As you can see on the daily charts both of the sticks got closed below the line showing a great resistance in the weekly and daily chart, and that was exactly wat i called on my previous TA (test of the 100MA weekly & 350 daily) At...
Is the bear market over ? And what has to happen for BITCOIN to step into the bull market ? Why is the 100 MA Weekly line the most important historical line for BITCOIN? Because once bitcoin broke above it in 2015 it acted as support through out the whole bull market. Once the big dip happened and it broke below you can see it acted as resitance multiple times...
I have been doing some technical analysis on NZD/JPY pair and as you can see a clear rising wedge formation is occuring. The blue lines are weekly trend and resistance areas. The Red line is the Daily Trend line and the entry would be taken on the 4hr. Wait for key price action we need to see a clear break of the trend line with an engulfing bearish candle so be...
Good Morning Traders, Looks like Gold is approaching macro resistance at an algorithmic level (75% of range), which has a little too much confluence to ignore. It's rare that you see this much confluence on so many different levels, but when you do you see something of this nature its reasonable to anticipate a sharp reaction from it. Alongside that we are also...
The pair is approaching a major resistance level off 1.18387, this has caused a lot of volatility in this pair previously and I am personally thinking that there will be at least a 50 pip drop when it hits this level.
IOTA fell out of its upward channel with a huge dip today of 15%. RSI is now oversold on the 4h, and has touched RSI resistance of 30. Bullish cross forming on the Stochastics RSI. Wave 1 has completed with this correction. We are seeing bullish signals now, looking as though wave 2 might have finished as well, but be careful as we have not seen an ABC correction...
Well well well. I was expecting the short on apple for some time now. Could prices go even lower guys? Not entirely sure, I believe that if prices exceed our support region at 164.00 we could hit our downside target of 156.00 . After this we could perhaps go long up to highs of 172.00. HOWEVER Focusing on what's directly ahead of us, prices could go to...
After finding the support at $5, OmiseGo went up to almost $30, resulting in a huge 445% growth in just over a month. Obviously, $30 psychological round number has acted as a strong resistance, which is also confirmed by the 261.8% Fibonacci retracement level. While the $30 resistance is respected it is likely that OmiseGo will correct down towards either $20 or...
I managed to place a few good trades using this resistance, i think this area is a good sell signal for short term traders. Cheers! This is not an investment advice.
Looking for a nice and clear break of highlighted areas for opportunities. Rectangle can be traded as well. Shorts @ Resist and Longs @ Support can also provide excellent trading opportunities with awesome R2R. Looking at the Daily chart and up the longs are looking good for swings. Fib Cluster? Green Daily Fib & Gold H4 Fib Feedback? Let me know! Chart Art!