Confluences:
-Daily M pattern
-Price broke out of consolidation range and it's retesting it
-Price is also at a major zone (now resistance) and has been under it for multiple 4h candlesticks indicating lack of bullish momentum
-It's a beautiful 4.5 risk-reward
Tell me what you guys think!
Break out of the level 4200 with retest will lead min 4400
SL 4050
probably high chance of downside, it looks like a distribution phase However wait for the confirmation
breakdown of the level 4100 with retest will lead min 4000
Target 3700
$LINK's breakout from 25 dollars went as high as $29.37, but was quickly forced down by massive sell pressure from the #Chainlink team. A nice retest of the $25 area and a large wick on the 4 hour candle still looks pretty bullish to me. If this 4 hour candle is followed by a push above the pitchfork's .5 deviation? That would put price around $30, which would be...
This analysis is done purely on basis of price action and chart patterns.
The analysis is done on weekly TF hence it can take couple of days to couple of weeks/months to reach the target.
The image is self explanatory.
Range for entry, SL and Target is shown in image itself.
This analysis is for study purpose.
Traders must do their own study before entering...
Good Day traders !! On this pair we have a "W" formation on the daily timeframe and we are heading toward the neckline of this pattern in order to complete the pattern. Also we can realize a impulse correction impulse pattern and head to the upside after the retest of the neckline which is in confluence with the 0.618 FIB retracement. From an institutional...
The above analysis is done purely based on price action and chart patterns.
The analysis is done in live market on daily TF hence price may take few days to few weeks in order to reach the targets
Logic as well as the trade setup (Entry, SL and Target) is shown in image itself.
Safe traders can wait for today's candle closing and if the level is sustained and...
The above analysis is done purely based on price action and chart patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets
Logic as well as the trade setup (Entry, SL and Target) is shown in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before...
Looking for longs on 0.5 fib retracement retesting previous confluences: broken descending TL, respectable ascending TL, and previous area of S&R. Long term target: 2060
Signals:
Terminal flag in Trading range - 3 bottom Buy Divergence on decreasing supply & Increasing demand. Four Month Non Climactic accumulation pattern
Entry 2.83
1st target $3
2nd Target $3.25-3.30
3rd Target Retest of 52W Highs
Stop Loss- $2.75
**May re-enter on Buy Stop above $3 if stopped out
GPBJPY was forming a neutral wedge, which it broke out from towards the downside. After waiting for a retest, price broke through our resistance and had a retest towards the upside. After confirmation from the retest, a buy was placed for a r/r of 11/1.
HELLO EVERYONE
A look at GOLD, now gold just had an impulse move with the bears with significant momentum traded in a symmetrical triangle and broke below of structure now it seems we are pushing up to retest this structure which may signal continuation, looking forward to this move to signal the trade and looking for continuation to the down side because...
Weekly analysis for ZSF2021
Week 46: 09 to 13 November 2021
Market was pushing the price higher and made a new Higher High last week.
The Head and Shoulder formation was not happening, on Friday the momentum was slower and today not much happening too in Asian session.
Overall trend is still bullish, but don't jump to the band wagon now; we better wait at a...
As we can see guys we have a break on our trendline support and the price has already retested our trendline support, As long as we have a break and retest we anticipate bears to be in control for the next week.
WE ARE TRADERS I KNOW YOU MIGHT HAVE SOME IDEAS, LETS US SHARE AND DISCUSS MORE IN THE COMMENT SECTION.
