ALCOM had successfully form a support at RM 0.75 and stock looking forward to reverse and challenge 1st target at RM 0.9 in 1 month time. ALCOM volume look well accumulate on 12 April & 14 April and yet to distribute yet.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as...
price reached trend line support and made a double top and break the previous market structure (reversal confirmation) and made a retest pullback to double top neckline
*double top neckline retest
*20 EMA resistance turn in support
*Fibonacci level 0.5
possible take profit:
swing trading-take profit 1- 1.63500
position trading-take profit 2- 1.64500
on DAILY: GBPCAD is retesting a resistance level so we will be looking for objective sell setups on lower timeframes
on M30: GBPCAD formed an objective trendline in red but we didn't sell yet as we always wait for a momentum candle close below its last swing for extra confirmation.
price gained momentum into the third highs of a rejection of a key trendline, with candlestick spiking and attempting to accumulate more sellers around that high of 2.0370-2.0420. We have daily projections of targets where price could reach 2.0200 and lower, giving current market situations, markets are very volatile. therefore an SL of around 2.0430 is durable,...
I think if swiss breakout upward this time from this falling trendline there could be a possible long opportunity for this pair. Talking about the king (greenback) it is losing some gains which it had from the earlier days of the week from other counterparts. For now, the king is pulling yen lower and I think swiss may take this chance and if the price breakout...
AUDUSD looks like its struggling to get down past this level yet again. could be a chance to grab some quick profit.
Or it may go longer term and move higher. But with the rate cuts its highly unlikely
Id be definitely looking for a move up to 0.674-0.675. Then it may look to reverse and move lower.
Any questions feel free to ask.
pair climbed high breaking the highest res zone , forming a new zone, however price is dropping , DOUBLE TOP POTENTIAL, after break of neckline and price pushing below , zone low , strong sell must be anticipated.
Hello, traders, investors and community! Today i am taking a sharp look on the retail-giant AMAZON and what we can expect in the next weeks and months! So lets start, looking on the weekly chart of AMAZON you can see this long trendline which begun january 2015 and ended october 2018 with a sharp decline in price, you can see it on my chart. It is marked with the...
Following the breakout of the trend line that has been built over the past few weeks, the pair has continued to cycle higher and has now come in contact with what was previously dynamic support that may now become resistance
If the lows are broken as per the picture, I think AUD could quickly gain strength against the Euro.
This is based on Euro...
The trend is strongly bullish for the Italian index. This from the first days of January to this days. After the collapse of May (from the highs) it has reached the support area setted at around 18000 points. The price in these 4 months has recovered most of the descent, returning below the key static resistance in area around 22300 points and identified by 23.6%...
After the stock was sharply falling, the significant volume came out, - that's the first sign of the trend stalling. Then the reversal pattern appeared, which got confirmed by the big white candle that closed above January high (marked as bright green). I was a bit late as I didn't manage to catch the market closing, so I tried to get in at the opening on the...
Confluences for Trade:
- Bullish candle formations
- Stochastic moving out of Oversold conditions
- Price action bounced off Strong Support (since March '18)
- Fundamentally, we are taking opportunity on the reversal of the algorithm trading crash and with FED's hike projection becomes unlikely, the funding currency...
Annotations on daily chart
Entry: 0.05787998 Area
Target 1: 0.062ish - Mostly conservative 7.5% catching up to 26 EMA and right below Tenkan yellow line
Target 2: 0.06693 - Fairly likely 15.6% catching up Kinjun magenta line
SL: 0.05321 bout 8.11% loss to give some room in case of dips
Duration: 1-4 weeks
Risk: 6/10 | 6/10
In Japanese, Heiken Ashi means “Average Bar” and it represents the average-pace of prices.
The Heiken Ashi candlestick chart can help you to spot both trading periods and ranging periods that you should avoid.
There are two primary trade signals that we can identify through the Heiken Ashi candlestick:
1- Bullish candlesticks with no wicks or very small wicks...