Price is below all my moving averages, signaling price to be in a downtrend. I was awaiting a break below the 50 EMA, signaling weakness in the pullback to the upside. Price should head to retest the bottom, potentially making a new low. the Daily chart is in a strong downtrend, so a new low is certainly possible. We are also breaking a new Weekly low, which...
Got stopped out at BE. Re-entered once it entered the zone, made a triple top, rejected and retested. Looking for follow through as confirmation.
US OIL GO FOR SHORT BELOW 56.6$ TARGET 1 @ 56.15$ AND TARGET 2 @ 55.35$...PLEASE ANALYSE ONE MORE TIME AND TAKE TRADE I HAVE PREDICTED IN MY VIEW... WILL UPDATE IF IT IS REVERSING AFTER SELL LEVEL.
CHF/JPY - Short Hit a nice support and resistance area. Hit my third TP on the previous idea LONG i had for this pair. Now i am looking to catch the move back down. Any questions drop me a message or a comment Ben #PipGainFX
EURUSD - Shorting opportunity Broke a nice zone and is just putting a re-test of that zone. EUR weakness due to all the Brexit shenanigans. Any questions feel free to ask Ben #PipGainFX
GBPAUD - Selling opportunity i have my reasons for entry just making you aware that it could be a nice entry Happy trading.
A couple of outlooks on EURUSD. Already have a double top @ the 1.1 even handle number. I either expect a third test and then a sharp move down or we will see a bit of consolidation before attempting another move down. Cant see any strength behind the EURO against the Dollar with all the Brexit shenanigans going on. Any questions im happy to help. drop me a...
FOREXCOM:NZDUSD ABCD Harmonic Pattern confirmed! Considering Fibonacci from points A to B, the price correction from points B to C got to the Fibonacci Level 0.78. As far as I know, this will make a lot of people to disregard this chart pattern, however, after making an investigation there are also a lot of people saying as long as the price doesn't close...
BITFINEX:LTCBTC Strong rejection at Fibonacci Level 0.61, making the price to change the direction and to start going to the bottom of the range channel it's been moving since April 23. We are waiting for the price to get below Fibo level 0.38 to place our short entry, what do you guys think about this #TradeIdea?
BITFINEX:LTCBTC After a price correction, Litecoin got to the 0.014000 and it was rejected several times, oscillators and trend indicators are pointing down and also we could mention the triple zero psychological area where the price was rejected. We think there is a good chance to go short and here is our #TradeIdea. Our Telegram Channel t.me www.cryptomacrotrends.com
BITFINEX:BTCUSD Price has created a double top pattern in 1H Chart, now we are just waiting for a confirmation to go short just below the neckline. Stochastic Oscillator is coming out of the overbought area and we are witnessing a strong bearish candle. What do you guys think about this entry?
NYSE:MTB M&T Bank Corporation (NYS: MTB) announced recently plans to invest heavily on a tech hub to develop financial technology. Those investment announcements usually have a temporary downward effect on the price, even if the long term effect on fundamentals is positive. In fact, M&T associated companies have shown interest in financial technology such as...
BITFINEX:XRPBTC We just saw an inverted hammer almost at the top of the channel, and considering the last few times, XRP tested this top trend line it got rejected and this trend line coincided with level 0.38 ascending Fibonacci retracement we will place a short entry to try to get some pips with it.
BINANCE:XRPBTC Ripple its been going down for a while and for the last 48 hrs has been testing the support level 0.00006400, the interesting fact here is, during this time the price had created a descending triangle and now it's at the bottom. Our trade (scalping idea) goes for a few pips, just to make it fast and more secure, here you have it!
COINBASE:BTCUSD There are a lot of candlesticks with wicks on it's top and they are creating what it seems to be a descending triangle. Oscillators are located at the overbought section, and all this together might be pointing to a price drop within the next hours.
BINANCE:XRPBTC Even though Bitcoin had a huge jump and reached levels we haven't seen in a while, Ripple keeps giving signs of going down. Placing a Fibonacci from the last swing high within the last 28 hrs, the price was strongly rejected at level 0.61 and now after a small correction, it seems the last candlestick it's weakly testing level .38 and also...
BINANCE:XRPBTC The continuation of the downtrend and the candlesticks provide confirm this market condition. Considering this, our forecast for Ripple today is a scalping Short Entry that might give a few pips.