The price is at the ceiling of the downward trend line and we expect to see pressure from sellers in this range Also, we predict the potential of a sharp fall to the bottom of the descending channel because all purchase orders of the $200 support area have been received and this support is no longer valid for us. Therefore, the important support for the advance...
Once again we have a corrective rally. We have just completed multiple patterns in COINBASE:ETHUSD this morning @ the 78% level setting up the next move below 1400. The good thing about patterns completing @ the 78% is that you dont have to risk much because if we get above 1720 then the pattern are wrong and we look for something else. I hope this helps....
It seems as EURCAD is forming a bearish flag... waiting on the pull back to the P4 area and then waiting on the break of trendline. Retest first and wait for the drop and to complete the pattern.
Wait for the Price correction of EURNZD, SELL after the conformation at the Sell zone. Trade safely my Friends and let me know views in the Comments.
After a small correction, we are waiting for a fall in wave 4 of the correction. Good luck
I a pretty long sell that will happen. The sell will happen today
We should see some resistance out of this level at 166.000 for either a big retracement or even a move all the way down to 160. I will probably wait until the start of next week before even looking at taking entry, remember even if we do see a move down to finish the week there will usually always be a second opportunity to get into the trade.
I will be looking to sell as this resistance is holding strong and candle pattern has shown a potential sell signal.
Short term bearish bias. See if we can get a pullback to the golden Fibonacci level of 0.618. Plain and simple ❤️ Happy trading
The technical figure Descending Triangle can be found in the daily chart in the Spanish company Meliá Hotels International, S.A. (MEL.mc). Meliá Hotels International, S.A. is a Spanish hotel chain. The company is one of Spain's largest domestic operators of holiday resorts and the 17th biggest hotel chain worldwide. Domestically in Spain the company is the market...
Just trading the obvious downside trend, looking for rejection out of the sell zone to create a failed push up ( right shoulder ) then targeting firstly the area of 0.96200 where ill be taking 50% profit and riding the rest and break even!
September has major catalysts for the crypto market as well as for the stock market. The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike. That is reflected in the crypto space in general as a bearish outlook. Synthetix SNX has a negative overall...
The price is making a corrective movement by testing the confluence area with the previous support and the Fibonacci retracement of 0.5 level. After the rejection, we have resistance in the short term to enter to follow the bearish trend.
Wait for the Price to correct till our Supply Zone and then see how it reacts to that zone, Sell only After Conformation. Trade Safely my friends and let me know your views on this in comments.
Hello Dear friends Currently, we do not expect to form an upward trend. On the other hand, in order to have a stronger downward trend, orders should be taken from the main area. As a result, if the price range of $9.97 is lost, the yellow range ($12.9) becomes valid for us, and from this range we can expect the formation of a downward trend until the yellow area...
Looking at a early break of current support level as the US dollar continues to serge. If we see a little push up retracement from current level I will be looking for shorts if we get clear reversal candle formations ( evening star etc)
Hello traders, Price is setting up for another drop that could take this pair into the 0.95 level. DXY still has a lot of potential to move higher and the euro has not yet hit the floor so expect another leg lower. Week commencing 5th September: A sell setup will appear on the lower timeframes so you could enter on those. I think based on the price action from...
As we can see price is making correction and creating a Pull back, just wait for Price to react our zone for Short swing. Trade safely my Friends and let me know your views on this in Comments.