Not a high probability. But with tight stop loss and risk to reward ratio of 2, it might be good time to short Crude Oil futures. Target is 39. More than likely it will go to 38.40 some time next couple of days.
The pair has broken the 100 sma in h4 chart and has bounced from the support area between 1.316 and 1.313; there was a stop hunting yesterday when the price has had a spike at 1.31189 (it was a fakeout of the trendline). Now there will be the 5th elliot wave which will go towards the 50% of fibonacci retracement in the daily chart ( around 1.335), the trade has a...
20sma has been supportive since mid-april, today is a great opportunity for an entry at the current level. Risk-Reward-Ratio is fantastic if you place a stop-loss-limit below the 20sma. We are also seeing past resistance from early August, which is now coinciding with current support level. RSI has not broken 50 since then. OBV has been up-trending since....
Here, as in many USD pairs, we can see a clear upside trend. So, we aiming to enter the market at the 61.8 Fib price pullback. As usual, we consider: 1. Good risk-reward ratio almost 2 2. Risk no more than 2% of an account
Hi Traders! The market is in an Uptrend. Let's begin our Multiple-Timeframe-Analysis with the Daily: The market is clearly in a strong Uptrend. We here have an ascending Parallel Channel. The price is also respecting those other S&R Levels. Great, here is the H4-Timeframe: The market was moving in a consolidation. Then it came back and is now retesting...
Uptrend. Analysis: Bullish sign at H4, focus to buy. Risk reward- 1:3
Bearish Butterfly having formed after a retracement on the resistance a drop is expected hopefully to the support .
In this video I've shown 3 independent forms of technical analysis that make a strong case that the top is already in for these 3 stocks ! In general, I'm bearish the overall market so wouldn't be surprised to see these correct significantly. Let me know what you guys think ! Always open to comments and critiques.
Bullish momentum pusing price higher and higher. Price formed a support on a break and retest Fibonacci gold zone. 618% take profit lines up perfectly with structural resistance. SMA cross showing bullish momentum. 1:6 RR.
Trend: Consolidation Analysis: Sell High (Resistance) Risk Reward: 1.3
Price is rejecting key supply area. Nice head and shoulders setup. We have bearish structure indicating sellers market. SMA rejection looking for price to complete the head and shoulders. Multiple confluences with a 3:1 RR.
Hey everyone, finally publishing my first trade! As you can see I’m trying to keep the charts as clean as possible, clean charts = a clear mind. This is a new strategy that I’m testing. Please feel free to give me any feedback, I’d love to hear your opinions! I’m anticipating Bitcoin to pull back slightly to the $11380 region. I’ll start averaging into my long...
The pair is in a descending channel in weekly timeframe, if we look at the daily chart we can see that the price has broken the 50-day moving average and has formed a double top in the last month,I think that the price could go down towards the liquidity zone around 66.2, that is the target in a 2-month view; if we analyze the pair on a shorter term view the first...
we expected gold to retrace the the level i indicated but i wasnt monitoring it for any price reversal or break of structure of entry since we need to adapt on how price react so gold just retraced a little and went to our target is approximately 80 pips from support level 6 pip away from our entry but it was an amazing tracking follow me for more updates
Gbpcad is in an uptrend since the august of 2019, now if we look at the daily chart we can see a short-term uptrend since the double bottom formed at the beginning of july 2020, the price is now above the trendline and is testing it. If we count the waves we can see that the pair is creating the fourth one (which is a flag as highlighted in the chart). I think...
i will link the previous breakdown to learn from my tracking of the pair. Follow Me for more updates