Hi guys, i've already published few days ago an idea on this pair. Unfortunately we weren't able to take advantage of that idea, but now price has given us a second chance. It has came back to retest the daily structure level (that also lines up with the 618 retracement and a round number) and has formed a nice pinbar showing us some buying rejection. The...
We can see here engulfing candle which established resistance for further losses. Engulfing candle alone is not a strong trend reversal signal but with round number (which seems to be much respected by crypto community) could be good point to enter with long position. It is possible that if price go north it will find strong selling pressure around GAP which is...
What I see here is quite interesting triple bottom formation. First two are quite common while the third attempt looks a little bit dramatic with big doji candle on daily chart. All three attempts are stopped buy round number 0.00010000 which are very respected in crypto community and most of the time are treated as very strong signal to buy. I would wait for...
Bearish movement stopped around 0.0002500 and tried to moved below for 3 consequent months. March comes with strong bounce from that level suggesting trend reversal. Pair bounced from mentioned level and created big bullish candles on monthly weekly and daily chart. Chart 4h intervals reveals quite interesting formations suggesting further gain of ppc vs btc. ...
This pair bounced from 0.02500 on weekly chart and formed nice engulfing candle pattern. 4H chart shows irregular head and shoulders pattern. When we look on Daily chart we can see nicely respected GAP that was formed week ago. I would put SL just below longest shadow piercing GAP and TP set up around high from January. I would consider opening position with...
Two ABCD moves to Structure rectangle 78.6 FIb Retracement 161.8 & 1414.4 Fib Extension at structure rectangle RSI OS 0.7000 Underlying at structure Uptrending trendline on Daily chart Trigger: Higher High High Close Candle
Monthly perspective for a possible sell trade. Position trades are usually held for months and even years. Personally as I Swing Trader I don't hold trades this long, but it gives me more confidence when taking short positions on my timeframes.
After the formation of the Expanding Flat( continuation pattern ), there is a potential for price to push north to the 1.0800( Round no. ). Therefore, buying the flag breakout is a good trade. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.
FX:GBPCHF in bearish trend. D1 -Correction to the round level(1.25000) -Outside-Bar -Rejection area around 50 and 61,8% Fibo H4 -Breakout of the triangle pattern
Bias on this is long , I am aware there are fundamentals affecting the CAD today , at this moment in time since last nights asian session we saw some slight consolidation , could the fundamental news for CAD today give this pair the extra push it needs to. target is around 1.69500
With yesterdays huge spike to the upside , price still did not close above the previous 4 months highs , as a matter of fact it even failed to close the previous days high. Projection im very bearish on Gold , im expecting in the next week or so to touch the 1240.00 zone.
A few confluences here - gartley completion, AB=CD completion and 117.00 handle.
FX:EURAUD in bearish trend W1 Triangle pattern D1 Correction to the round level(1.45000), which is matches to the 38.2% Fibo Outside Bar H4 PinBar P.S. Sorry for my bad English :)
AUDNZD has developed a falling wedge reversal pattern and it reached a former support zone, we should see buyers coming in for the next days.
We have multiple technical confluences that show increasing demand @ 70$ (see the chart). It is too early and risky now to buy, we should stalk closely for evidence of buyers if they take control of trend. I will stalk this pair in near future and will provide aditional updates.
Many tecnical factors wich give us a confluence zone : - 50% Fibonacci retracement - Channel resistance - Fibonacci simetry pattern - 1.81 Round number.