If it holds here I assume it will continue going up higher to around 1.13000 before going down . If the price drops and breaks to 1.11200 then it will continue to fall .
As you could see outlined on the chart we believe this pair is looking bearish to possible targets of 136.500 then possibly 134.00. There are several ways this trade setup could be undertaken. You can either wait for a breakout and retest of the lower trend line with bearish candlestick confirmation. However, we would be entering this trade around 140.30. Stops...
TSLA (Tesla) Short Here's a setup of a TSLA short that I've initiated on Friday. Looking at the Fibonacci retracement lines, it has struggled to breakout of the 38.2% line after it's initial denial at the 23.6% line. Recently, there has been a breakout from the 38.2% region due to a strong market, despite negative Tesla stories as of late. Similarly, price has...
- COULD SEE SOME SHORT TERM UPSIDE, BEFORE FURTHER DOWN TREND...
Potential EURCAD long setup: Opportunity: Price is finding support at the 800EMA, but might dip lower down to retest the previous support. Look for long opportunities on lower timeframes (4hr & 1hr). Entry: Look to enter long at a 50% retrace from most recent swing low to swing high (around 1,4280) OR wait for price to retest swing around 1.4080. This is the...
POTENTIAL PATTERNS PAIR: EUR/JPY TIME-FRAME: 1HR TRADE: PATTERN SETUPS Good morning traders. Having a look on the EUR/JPY pair 1HR time frame today, we've identified some potential pattern opportunities that we may be able to trade. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star...
Even i have my long position setup on the Dayli, i would like to show you this setup. Price price produces a slanted coil (small one), washes out the stops above and below and finally resumes the main trend. Here we even have a nice support zone (green), where it is super nice to enter. I allways put my stop below the stop running spike, or on bigger scales even...
- Short term triangle - Price target weak - Earning report had nice surprise
- Clear resistance - Support touches along hypotenuse - Two target prices if breakout
- Ascending triangle - 3 touch on resistance - Additional resistance @ gap fill - Down moves have lower-ish ave volume - Consolidation period started with strong volume - Chopping through 13 EMA -- consistent w/ consolidation - Buy @ cross through ~$13.47 resistance w/ price above ema
- Extremely strong resistance/support neckline around ~$.83 - Recovery ascending triangle (pos) after large descending triangle (neg) - Close to psychological $1 level - Energy sector as a whole is ready for upward movement
- clear neckline - consolidation occurring - could be a larger symmetrical pattern if going back farther in time. -- still bullish if this pattern plays out -- it's a continuation pattern.
- 3 touches on neckline - good consolidation within triangle - breakout around ~10.84 If breakout, exit trade on close below 13 ema
Reasons For -Firstly after bouncing of 1.6000(Our key level) we have been very bearish as you can see -Also we have been putting in Lower Lows and Lower Highs -We have also cleared our key level at 1.55000 and have been putting in bearish movement -Now we are trading below 1.5500 the only smart thing to do is to sell as we can clearly see strength to the...