I will say this is a high probability trade for the upcoming week. This past week showed that a reversal might be in sight, and I will take this last weekly, daily and four hour candle closes as a confirmation to that. I will use the daily candle wick as stop loss at 1.0900 and the fibs as TP's Tell me what you think. Have a great weekend everyone!
Hey guys, probably it could be insane to go against the pound strength (after the last week with an outstanding rally) but as usual i do my analysis without considering macroeconomics events are happening these days. And that's because we're traders, not analysts: here on the daily chart (left-hand side) you can see price has fallen and reached a key structure...
price made higher high and break the trendline. there's a bullish divergent as well. find a pullback to buy
Although I have not yet invested in Ethereum, I am planning to jump in this range as long as more confirmations of reversal happening. There is a chance next level of support could be tested. Personally, I think it all depends on how well Bitcoin does. Time range should be pretty close.. I've done a similar analysis for LTCUSD and the time range falls within the...
130+ Pips SELL before continuing higher...maybe!!! Good Luck! KEEP THE RADARS UP!!!
It seems after all of the fake news from the last couple days, most positions of the weaker/amateur traders have been sold off and the market has corrected, which should stabilize after reaching the flip zone, where the highest probability is to reverse from here. There are various analysis out there which suggest further lows might develop, however I do not...
We spotted a potential reversal trade in the making. It is too early to tell but keep an eye on the GBPAUD to head to the downside following this long bullish uptrend. Look at the RSI as confirmation but this could happen quick!
The recent US equities price actions forced me to update the previous wave count that has been invalidated. I think the latest subwave 3 may have been extended (wich is rare to see happening on higher degree wave 5.. but still it can). Plus, the current price action is absolutely not what we could expect after an ending diagonal (what the previous count was...
Double top forming potentially Wicks telling a story Really nice reversal candles forming at Monthly Res
looking to sell usdcad after break of trendline and retrace as described on the chart. Best of luck :-)
sell audjpy to the bottom of channel . Best of luck :-)
Hi guys, after getting stopped out on this pair not long ago, i'm back here because my analysis finally became true. Indeed, we saw a reversal of the trend starting at 1,6680. This change of trend is signaled by a sequence of lower lows lower closes that broke the main support at 1,64. At this point, i know my bias is confirmed by price action and i'm willing to...
Hi guys, after getting stopped out on this pair not long ago, i'm back here because my analysis finally became true. Indeed, we saw a reversal of the trend starting at 1,6680. This change of trend is signaled by a sequence of lower lows lower closes that broke the main support at 1,64. At this point, i know my bias is confirmed by price action and i'm willing to...
XAGUSD is going up as everyone can see + price is above major support ( from daily and 4h charts ). So i will look to buy in support zone after accumulation / reversal pattern as described on the chart. Best of luck :-)
AUDNZD bounced from the channel bottom and stalled under resistance. I'll wait after resistance will be broken and buy on support after some accumulation / reversal pattern . Best of luck :-)
The reason i look to sell is becuase CHFJPY in price action resistance zone and fibs resistance. The best setup will be after a false break as you can see on the chart. Best of luck :-)
Double bottom at an important area of support on weekly and monthly charts Since we did not take advantage on the double bottom, we will be waiting for a pullback into 61.8 Fib retracement before getting involved in this trade. Entry at .87909 Stop at .87456 1st Target at .88513 2nd Target at .89553
W1 - Price approaching a very strong resistance. D1 - Triple Magnet zone from multiple cycles making this level extremely good resistance and we can expect the price to react very strong from it. And also divergence is being re-created again at the moment. H4 - Strong bearish pressure on the H4 chart as well Once we get a reversal pattern we can start looking...