EW suggest grinding towards $2.3- $2.4 of 50%-78.6% of fib level for C.
Weekly and Monthly RSI shows weakness. Confirms the larger downtrend.
Find Sell setups on lower TFs.
Good luck
Robus
Our analysis on GBPJPY:
Price move short after double top pattern formed and divergence on Stoch.
Current situation:
1. GBPJPY rebound from support area and cannot make Lower low before the market close.
2. GBPJPY leave the long trendline.
3. Stoch become narrow indicate a possibility of new equilibrium.
We believe the price have higher possibilities to move...
There have been many talks about a recession, every youtube/facebook guru and their mom was talking about it, and although the market crashed late last year it was quite uneventful to the average individual. And we got quite a bull run afterward however, I believe the actual recession hasn't hit yet. on the 22nd of March, the 10-year U.S bond yield curve became...
Bitcoin Big Move is Coming
bitcoin (BTC) has been trading in a tight range between $3,950 and $4,060 for the past three days.
This is a very important time for bitcoin
From the past 10 months, the price is respecting the trendline. Now the price is nearly trendline.
This trendline is the strongest one because the price is touched almost 3 times.
here is two...
We have seen some positive action from the price recently (especially being able to overcome and regain the 3960 level as support).
This is/was the chance for the price to breakout decisively, if it is going to do so.
However, hesitating here and not being able to rip through this resistance after bouncing off of 3960-3940 support area multiple times indicates...
Hey tradomaniacs,
welcome to another free signal!
Important: After the consolidation and the Breakout we still trade against the trend!
Make sure to trade with less risk as possible and don`t get greedy! ;-)
The sell-off or Breakout is caused by the FEDs statement saying they won`t increase
the interest-rate this year...
Hey tradomaniacs,
welcome to another free signal!
Important: This is a Pullback-trade! Don`t risk too much!
-----------------------------
Type: Swingtrade
Sell-Limit: 8.49860
Stop-Loss: 8.71623
Target 1: 8.27874
Target 2: 8.13974 - 8.10223
-----------------------------
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good...
In my previous analysis (referenced below) we have managed to "catch the local bottom" at 3336 (bottom was at 3330) and capitalize on the large part of this bullish move.
Now we see a clear rejection from the pivotal area (4150).
Not only that, but the weekly candle printed a very bearish swing failure pattern.
Supply zone above the previous high at 4130 was...
o price seems to reject around the resistance
o divergence is happening
o definite sell trigger is breaking the cloud and retest
with bearish engulfing for entry
o break in the trend line confirms down side to
73.00 area which is a psychological level
o the1%
Energy is very difficult to trade under present OPEC situation.
Yet formation of structure is such that it tends to break down after Zigzag consolidation in form of ABC towards 61.8%.
Look for bounce towards 3.2 as wave (2) advancing towards below 3$ in form of wave (3). I believe this completes the cycle by approaching $2.5 in five wave structure.
Take your...
NASDAQ:ROKU is showing signs of a double top and retracing to support around ~$53. With a new shelf offering www.sec.gov for unknown reasons and RSI at oversold level, I believe Roku will be heading back to more recent support levels. Roku has positive news as well with support for Airplay...
Looking at a Short opportunity for FX:EURUSD for roughly 140 Pips
I am hoping to see price fail under the yellow 200 EMA. We will know more once price reaches it. So far, the RSI is at a good place to assume a short opportunity is coming.
I am looking for an entry around 1.14750, and are selling to 1.3250 area which will be a 50% Retracement from the D leg to...
gold still in sell zone and you can enter short with SL 1327
long term target @1340
it is pure resistance and support analysis
you can see @1360 where bearish momentum so strong and price may drop under 1300 again till end of 2019
main support @1278
safe trade, long term investment, good money management is required
Aker Bp have made an retracement back to fib 0.618 after a huge drop.
It seems it has reached it's top for now, a lot of candles with long wicks is forming. There is also showing bearish divergence on the daily RSI.
First target is at the support line price 278.6 after that we might see a bounce to 292.8 before heading to fib 0.382, price 267.2.
Trade with care,...
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