Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H1 & H4 time-frame
- Price action is at a Supply Zone area
- Price action may reverse towards the ascending support Trendline
- Targeting the 38.2% Fibo retracement
Suggested Trade:
Entry @ Area of Interest 1.3760 - 1.3800
SL @ 1.3854
TP 1 @ 1.3697 (Close Half-Position & move SL to...
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action is close to a Resistance Trendline & a Consolidation are
- Price action may reverse back towards the previous Demand Zone
Suggested Trade:
Entry @ Area of Interest 560 - 570
SL @ 580.66
TP 1 @ 552 (Close Half-Position & move SL to Entry level once TP1 is...
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action reversed away from Supply area
- Price action may reverse back towards Resistance Trendline and 61.8% Fibo Retracement
Suggested Trade:
Entry @ Area of Interest 1.8100 - 1.8110
SL @ 1.8156
TP 1 @ 1.8057 (Close Half-Position & move SL to Entry level once...
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action is at a Supply Zone area
- Price action may reverse back below Resistance Trendline
Suggested Trade:
Entry @ Area of Interest 1.7140 - 1.7160
SL @ 1.7258
TP 1 @ 1.7012 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @...
Pair: FX:USDJPY
Timeframe: H4 - Medium Term (MT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Price action may face some resistance from a previous support line
- Price is close to 61.8% Fib Extension Level
- Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1...
Pair: FX:CHFJPY
Timeframe: H4 - Medium Term (MT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Price action may face some resistance from a previous support line
- Price has retraced to 61.8% Fib Retracement Level
- Aiming for the lower Support trendline from the mid of...
QNT is currently forming an ascending broadening wedge pattern on daily timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line is the resistance line and the lower line is the support line. As we can see in the chart that it´s moves increase with higher magnitudes. This pattern should be traded when the price breaks out...
LTCUSDT is currently in an oversold condition. It´s likely for the price to go down.
The bollinger bands, RSI and stochastic they tell us the price will go down soon. The price is approaching a previous resistance. So wait for the price to retest this resistance if it does the resistance line becomes your entry point.
Further details are shown on the chart.
Goodluck!
The gap must fill. Short not until it does imo. Measured Move projected with price bands, +302 pips for a 1:1 move.
Gap may fill Friday. Expect weakness before FOMC, then a stupid bullup as follows:
7/27 1400 rate decision; initial ludicrous pop followed within minutes by a selloff. Price declines until ~1425 in falling wedge.
At ~1428 EST J Powell will step up...
We have seen a very nice rise with ADAUSD since the 11th Jan with increasing Volume on this Binance 1d chart. The only issue at the moment is that BTC is dragging everything down with it so ADA is having trouble maintaining its rise at the moment.
ADA is above its Bollinger Bands Middle Band Basis 20 Period SMA and note that we have expansion of the Upper and...
EURAUD
Timeframe: 1D
Direction: Long
Confluences for Trade:
- Stochastic Overbought momentum
- Too wide of a divergence for 8 EMA and 50 EMA
- Price close to Strong Horizontal Support (since Feb 18)
- Price close to a Support Trendline (previously resistance; since March 18)
Suggested Trade:
Entry @ Area of Interest 1.5610 - 1.5670
SL: 1.5542
TP:...
Hopefully everyone had a great 2017 and learned a lot!
The first idea for this year by me is to short gold. IMO gold needs to calm down after the short term rally. I see gold bearish until the moving averages are hit by the price action and a nice bear pullback has taken place.
This is just an idea, not advice!! Good luck everyone!!!
Illinois Tool Works Inc has been trending up for more than two years. As the stock moves up, it naturally cycles up and down maintaining its upward bias. Some technical indicators are displaying major signals that the stock will soon drop. The relative strength index (RSI) is at a rarely observed extreme level; a combination of indicators also point out trouble on...
Microsoft Corporation has been trending upward as are most stocks and sectors since the U.S. elections last year. Although "good" numbers and much hype surround markets, Microsoft has not had great results after their earnings calls for the last four years. The stock is also at the top of its clearly defined trend channel which has always resulted in a decline...
ConocoPhillips has climbed quickly in the previous month. The stock should not remain at such a high level according to technical indicators and historics, Will it head south with strong action around the 46 level?
When we look at technical indicators, the relative strength index (RSI) is at 65.6636. RSI tends to determine trends, momentum, overbought and...
