Hey Traders, Gold recently made a meaningful move higher & I expect this uptrend to continue however, as we know, nothing goes up in a straight line & if it does, it is most likely not a sustainable trend. I do not recommend taking a counter trend trade unless you have a specific strategy and trade plan that has been thoroughly back tested. I am currently holding...
Ascending channel top Shooting Star Overbought Stochastics
08/09/2017 USD/CAD fakey breakout 1.21278 (06/2015 min.)
08/09/2017 EUR/USD close below 1.20424 (07/2012 min.) Candlestick pattern SHOOTING STAR
Price at a critical point now as we are back to the bottom of its weekly trend line. Watching for more confirmation as we see a shooting star rejected to fib level / resistance zone. Price could go either way as it looks, but price indicates more to the bearish side at the moment. Will keep my eye on this pair this upcoming week! :D
Last nights buy went well as we see the gap was filled as expected.. I am looking for another test of 61.8 level before price shoots down to its uptrend line possibly one last time. Shooting star previously to its daily downtrend line / resistance level 142.500 which is holding. Price action looking bearish at the moment about 50 pip trade setup here.. Lets see...
Short term sell to 1226-1230 range, before pushing back to the upside. Pullback needed before moving higher, & a possible shooting star to resistance forming as well.
This comes from the basics of Technical Analysis and it is a powerful reversal signal especially if it is supported with a triple top resistance rejetion like in this case. Nevertheless caution is needed as in bigger timrframes Gold is in liftoff status. That means that if it doesn't unfold immediately(Wednesday tops) as it should then your stop will be used from...
As indicated on the daily chart, we can see a triple top for gold. A bearish hammer was even formed at the end of Friday. There is a higher probability of going short, but we have to observe tomorrow's candle before considering to short. Short targets are marked out. If gold breaks above 1300, I will be looking to long. Let's observe first.
Possible head on shoulders spotted / cypher. Price rejected 1290.00 resistance with a shooting star & pushed to the downside. More bearish price action expected watch price action @1280 area for a break below or retracement. Trade with care !
GC1!/ XAUUSD /gold 1. Bearish Triple Top 2. Shooting Star COMEX:GC1! FX:XAUUSD FX_IDC:XAUUSD OANDA:XAUUSD
$OKE - Possible short opportunity pre-earnings. Shooting star pattern at key resistance level. ER 08/01 post-close.
FX:USOIL had been retracing its bearish trend the last two weeks. It is now currently at key resistance zone. Short order set up for the following reasons: Overall trend on daily chart is down Price resisted key resistance zone at 47.00 to 47.75 (previous April 2016 to June 2017 channel support now became resistance) Forming a shooting star candlestick...
*DOUBLE TOP PATTERN *BEARISH PRICE ACTION (SHOOTING STAR ON DAILY) *NO HISTORY OF HIGHER LEVELS *EXCELLENT RISK REWARD RATIO PLEASE COMMENT-LIKE-FOLLOW FOR MORE IDEAS!
BAC is in the resistance of 24 USD where it have been for the past days, if the daily candle close like a shooting star of a doji, I would expect to see BAC in 23.35. If gets here, we could see a double top to continue short to 22.70. KL: 23.85 SL: 24.35 TP1: 23.35 TP2: 22.70
I've been consistent in my analysis since July of last year (see related ideas). It certainly surpassed my projections. The mainstream media is finally covering bitcoin AFTER it has rallied $2000 or moved up at least 300%. Now, "experts" will explain this rally to you and justify why "this time is different." I view this as a major sell signal (i.e. optimism at...
Please read. www.fxtsp.com The rally was huge. Tomorrow will fall.
Common ranging zone Wait for breakout and lower high confirmation.