This is a very interesting chart because it encompasses a battle between the two strongest currency pairs as of late. After putting in a rotation on the higher timeframe the EURAUD has retraced back into a powerful level of structure resistance and has created a double top. The double top has proven to hold and price is now offering a second opportunity to get...
Possible set up in EUR/CAD for reversal. It has been bouncing off this trend line, The 161.8 extension lines up close to the trend line. Take profits early. I will not enter this trade until it hits the 61.6 retracement. We shall see what happens
*Wait for the bearish momentum to be sucked at the temporary support level at around 45.00 (61.8 Fib Retracement) and go Long.*
*This bearish breakout was Corrective Wave 2.*
* Impulsive Wave 3 is impending soon, however only go long once the bull candle closes above the support area.
*Aim for 50.00 level. (1.618 Fib Extension).
Trade Safe.
Digit Trader
*Bears continued to pushed the price down*
*PA is now in the long holding support zone since April 2016.*
*Clear Break beyond 0.94000 would enhance the bearish momentum.*
*Alternatively, Important Economic Events for the US will be out next week.*
*Healthy Data in US Home Sales and GDP would be a good reason for reversal*
I would stay away for now.
We can already see that the pair has already completed 2 distribution phases and we are now anticipating the 3rd and final phase. After a strong move up we can expect some consolidation where bulls will be seeking to lock in some profits driving the price somewhat lower (RSI oversold on 4H + 1H + 15M) during the Asian session. We can then expect smart money's...
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We see a nice Head and Shoulders Patter on the 4H chart. News the morning of 7/20/17 shot the pait all the way up to retest the Previous resistance level of 117.50. When you drop down to the 1H chart, you can see that right when it touched 117.648 it shot back down with heavy force. Hopefully they trapped enough sellers to push down for awhile.
Expecting growth for btc. Volume rising, the correction was stopped by 38.2 fib level. But watch it close at the end of july - start of august cause of possible hard forks, cause its hard to predict what can happen with price at that time.
After this huge downtrend, ETH can be in a reversal point. Not sure, it's soon to know. Keep eyes open.
I'm waiting a volume growth confirmation :)
Disclaimer: This is not finnancial advise.
Strictly Technical AUDUSD Top of the channel short //
STOCH SIGNAL // Bearish start M30/H1/H4 //
GMACD // Trend/DN MEDIUM M30/H1/H4
Almost perfect bearish Butterfly pattern play on AUDUSD at the top of the channel looking for 170 pips on this movement. SL 70pips from entry in prz
looking at the charts we can see that there has been a trend reversal. we need tofollow this carefully as we want to see it keeping above that support line !
Hey guys,
just wanted to let you know what i'm looking for these days. On the Pound we've broken a major structure level (resistance) where we managed to find a successful trading opportunity last week (see attachment). Now that's been broken, i changed my mind and i want to go with the trend to the upward direction. For this purpose, i've outlined the resistance...
GBPAUD is in an upward correction, if it breaks the correction take this short setup.
Be aware of the down trend resistance line and make sure there's some room to move against your short position.
1.67 is a key support zone (around S3 weekly pivot), check price action around this price level!
I must of missed this one earlier but the $AUDUSD is setting up a bearish 2618 opportunity. After rallying to previous structure resistance (seen on higher timeframes) price has now given us a double top with a break and close below.
A pullback into structure would present us with a 2618 shorting opportunity with the potential to trade price down to our previous...
According to my previous published idea we have tne pessimistic scenario. Bitcoin breaks the bottom of trangle and drops near Weekly MA20 like 5 times before from the 1-st of january 2016. That should garantee the healthy growth of BTC and strong UPTREND next few months.It probably can drop to 1800-1900$ this week, so be careful. This is a perfect time to start...
This morning we conducted a very good lesson on the $USDJPY talking about how the market leaves clues & it's up to us as traders to uncover these hidden gems & use them to find quality trading opportunities. In this $USDJPY example the two clues that we uncovered were the potential for 2 reversal patterns.
The first clue was a retest of previous structure highs...
Based on Dow Theory analysis and my own studying of how the bottoms are formed AND the sentiment of the r/ethtrader community (which is by far the easiest way to gauge sentiment of the majority of ETH userbase) I believe that we are nearing another local (or global) bottom, and I expect the price to shoot up at least $80+ upwards from one of these levels (they...
