The 2 hour chart above shows two key shorter-term patterns on the S&P 500 I've been watching. They are also visible on most other time frames up to the daily chart. The first pattern is the Island Reversal that has held as the top of this (bear?) rally so far. Despite all the good news surprises, Fed stimulus, and hopes for a "V" shaped recovery, we are still...
The chart speaks for itself, Anyone that trades this pair should know that NZD is about to drop down. People are recovering from a patriotic national holiday today, and our dollar will show its worth come Monday. Ride the wave folks
It looks like the GBPUSD might have a short burst upwards due to it breaking the LTF (Low Time Frame) trend line. The resistance met on the up side of the trend line meant that the price is rejecting a down trend which indicates that an LTF upward trend will follow. The yellow lines indicate LTF areas of Supp. and Res. whereas the red indicates HTF areas of Supp....
My BTCUSD short term insight : perhaps : market is going to break down to 8750 level and if resistance doesn't hold it can break even more to near 7800 . The first break down can bounce the price up to 10.5k again but if second scenario happens if will jump to 13.200 area. it worth mentioning if the second wave of covid 19 happens in near future and all...
For this trade it is long term up trend however we are looking for a short since there is a head and shoulder formation and a break downwards.However i would wait for it to break nearest zone and retest since that would show that the over all trend is changing and also the tp level i measure is base off the neckline to the head i put it above the round number for...
Price has an overall bullish channel and it's decreasing in value from the upper part of the channel and later reverse at the lower side.
Hello traders! The bird is descending in a correction phase possibly. Can we short the market if it retest structure for a short term position? Monitor price action for trading opportunities. This is an idea not a signal, published for educational purposes. Trade smart don’t gamble! -Rum
A downtrend is forming for a sell on XAUUSD. Its a good time to get in now. Tp: 1.759 to 1.755
the chart of intel my be change the way to the down way so be curful if you buy in this time
Evening, All GBPJPY, I will be keeping an eye on this pair just to see if I am a little early to the party where I can take advantage of a lower risk entry on the trend-line to ride the wave higher in the coming week. Perhaps we could see a move up to 1.5 - 1.618 fib where we would also meet resistance. FX_IDC:GBPJPY
Fundamentally, a potential second wave of covid-19 may start to surface. Technical analysis as described in the chart shown.
Price did a Fakeout of the Channel Break and is now looking to retrace a bit higher to previous Support turned Resistance. The consolidation area above price might be the deciding point of the market's true direction so I advise getting out then. Remember, we are still in a weekly downtrend.
You can wait for 1 Hr and the entry for sell or short profit buy
GBP/AUD found the bottom now it´s moving towards correction, will get close to 21 daily EMA