-Waiting for a breakout of H4 support level ( 0.91000 ).
Criteria :- Breakout with a solid bar out of support, if it's only the shadow, it's invalid.
-Waiting for a breakout on EMA200, then a retest back to H4 support ( 0.91000 ) for a possible change to act as a resistance.
Sell limit order to be set at H4 support level ( 0.91000 ) after all criteria...
EURUSD has almost reached 61.8% retracement of its setup bullish leg. Demand is expected to enter around this area. Limit buy orders at 1.1630, the 61.8% retracement area, and stops around previous low of 1.1528 is the trade setup. The context to the left of the chart is quite bearish, making this a lower probability reversal trade with a decent reward for risk....
I am very sorry I am not on my actual Computer due to a hospital stay, but still a quick update from me:
ADAUSDT is just sitting on the lower support of the potential falling reversal wedge. Due to the fact I cannot see any signs of relief right now, I am going to stay away from any pre-mature spot buys, also because Bitcoin is not out of the woods yet. Even if...
The market was just moving up for the recent candles.
Now it reaches the next resistance level.
We expect the market to pull back.
We recommend to sell with a risk-to-reward ratio of 1 to 4.5.
But wait for the reversal pattern :)!
Thanks and good luck!
Good morning guys,
if we are looking at Cardano, I´d like to show how something that is called "Reversal Wedge" as many of you might know already. Currently looking at the H6 interval we have some good hints, that Cardano might form one of these, due to the last resistance bounce (Wedge High 3).
For further confirmation, please look yourself at the chart: We...
Bearish setting on Berkshire Hathaway Inc., let's see if Warren Buffett will have to suffer another big drawdown and we could take advantage of any opportunities.
Remember that if a Head and Shoulders does not make a Breakout you can take advantage of a "Failed Head and Shoulders".
After putting in a retracement to retest previous structure lows the S&P is now trading at the right should of what may turn out to be a head and shoulders bottom pattern.
The head and shoulders is a classic reversal pattern & IF completed I would predict that we're likely to retest the previous structure highs which line up at a one - to - one measured move & a...
Potential Bullish Gartley counter trend trade with mixed signals.
We have dropped below the Gartley on the daily chart but this could be a nice bounce. 1.57 to 1.59 heavy support line. I'll need a few more bullish signals before I commit to this one. My targets are listed on the chart. If this breaks down further we will be heading to the 1.52 / 1.53 heavy support line
Price Action (Technical Analysis): Top-Down Analysis is showing us that Price is continuously pressing up and respecting our Weekly Resistance. Speculating the Weekly Rising Wedge tells us that price is Coming to a Squeeze and we Expect Sellers to come in, Break this pattern, giving us a very good idea to go in short with good candle stick readings at Key...
I haven't changed anything since I did my last idea on this. I told those during BoC news trading to buy and sell at the 50% fib. I did not take the sell as I am a BUYER of AUSSIE for the foreseeable future and I will have to counter this with how CAD moves with oil as time goes on. I am studying the effects of cad and oil on audcad. I have heard playing the...
Initial neutral descending triangle with an upward breakout along with a retest indicating bullish. sentiment.
Safer entry would be at the 200 EMA
Stop loss and Take profit indicated
Good luck, follow me for more ideas!
There may be a possible Head and Shoulder reversal pattern printing on the hourly chart for SPY. First target would be the $298.20 range and if that does not hold secondary target would be $297.00 with marginal support at $296 and major support at $294.50. This is negated if price reaches above the break down candle from Yesterday morning 07/29 @ $301.93. If...
Looking at this nights try to initiate of a breakdown the support level failed for now and has been bought back big times. This does certainly not mean we are out of the woods, but closing the week above the Quaterly Pivot was a good start, especially with a spot-landing on the potential low of the potential Adam and Eve. We do know this pattern well from our...