National aluminium looks good for a reversal trade made a good hammer pattern
Can buy at current levels
Keep sl below support level
Ask your financial advisor before taking any action based on my view
Only for educational purposes
hi there guys I hope you all have great times.
hear if bull break the strong 💪 resistance area that I draw for we might have a good bull run to the major trend line and also we have another strong resistance area at 27000 therefore I don't think bears are giving up easily.
but we all know that anything might happen in this market.
so stay sharp and be ready for...
Hi, trading view community. Looking at the Dow Jones on the daily chart, we’re starting to see a floor being set up by buyers from 32,485. This level sits in a deeper area of demand that’s been in play since February 22nd. After a volatile week of trade, could we see buyer confidence come back into the market today?
We want to see price hold above 32,485. A...
Man, this is an interesting one. OMG could be playing out to have a huge pump! This is one of those second-chance opportunities that we all look for. I will be buying if it hits $10 and if it hits $8. I'm praying that it hits $8 at this point.. For you holder out there, please stay strong. OMG, like most crypto is due for a massive pump!
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
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...
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...
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.
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...
Gann wrote a lot about the importance of anniversary dates and to watch and record those dates because instruments will frequently find major highs and lows around those dates. We can see evidence of that on Bitcoin's chart.
I want to point out the significance of this cycle because there is a strong repition of astronomical cycles coming...
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
Quick counter-trend setup on the EURUSD due to the formation of a 60-min demand area inside of a daily demand area (gray). The latest leg down on the 60 min has already eaten some of the buy orders of the gray demand area but I believe there are quite some orders left. Hopefully this can produce us a 1:1 Risk:Reward winner. Entry where indicated on the chart (the...
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...
GBPAUD is in a Day range pattern
Price is at the bottom of the range and also at a long term sup/res level
Price can bounce off range bottom or breakout and continue the trend
Day Breakout trade -
Sell Stop @ 1.7520
Take Profit @ 1.7420
Watch Macd to cross below Red signal line - close trade if Macd crosses above Red signal line again
4H Reversal Trade