Evening Traders, Today’s Analysis – RLCBTC – breaking out of its falling wedge , it needs to establish a weekly candle close above resistance for further continuation. Points to consider, - Local Resistance (Key level) - 21 MA (Visual support) - Technical Target Confluence - Stochastics Buy Cross - RSI Breaking 50 - Increasing Volume RLCBTC needs to close...
Evening Traders, Today’s analysis – CADCHF –broke local resistance from oversold conditions; next technical target is at structural resistance. Points to consider, - S/R Flip retest - Structural resistance (trade location) - RSI above 50 - Stochastics in an rising wedge CADCHF needs to put in an S/R flip retest to validate support, this retest will allow...
Evening Traders, Toady’s Analysis – BTCUSD – establishing a bull trap, now trading back into its apex where a breakout is probable Points to consider, - Strong resistance cluster (Bull trap) - Support and resistances converging (Apex) - RSI and Stochastics showing weakness - Volume declining BTCUSD has had a sharp sell off at resistance cluster, trapping long...
Evening Traders, Today’s Analysis – SILVER – an impulse move back into its range from oversold conditions, breaking resistance will likely test the 2.618 Fibonacci Extension. Points to consider, - Range trading between macro levels - Fibonacci Extension levels being respected - Major structural resistance level to breach - RSI in overbought SILVER is back...
Evening Traders, Today’s Analysis – NZDJPY – breaking a key level where an S/R flip will confirm structural support. Points to consider, - Impulse bull move (breaking key level) - Bearish Divergence evident (allowing for a retest) - Structural Resistance (immediate target) - RSI putting in lower highs - Stochastics sell cross NZDJPY broke resistance with an...
Evening Traders, Today’s Analysis – CRLBF – showing signs of a confirmed trend change, holding structural support will establish another higher low. Points to consider, - S/R Flip at structural level - Structural resistance (Immediate target) - RSI Cooling off - Stochastic in upper regions - 21 Moving Average (Visual guide) - Increasing bull...
Double Top, Bearish Gartley, Bearish Wolf Wave and Stochastic RSI is in the overbought territory. Should there be downward pressure this week, it would be harsh.
Evening Traders, Today’s Analysis – GBPJPY – trading at a key Fibonacci Retracement with local resistance confluence, a short trade here is plausible. Points to consider, - .618 Fibonacci - Trend line support - RSI bearish divergence - Stochastics neutral - Bull volume climax GBPJPY is at a key trade location with resistance coming from market structure and the...
NASDAQ:ADBE will go long for 1H trading chart. MACD cross , SMA 200 and STOCH indicate buy for LONG
Evening Traders, Today’s Analysis – BTCUSD – forming a falling wedge pattern that is YET to be confirmed. A break of resistance needs to come to fruition before a long trade. Points to consider, - Bullish falling wedge - Apex approaching - Demand Zone (Strong support cluster) - RSI below 50 - Stochastics projecting higher lows - Volume Declining The...
Evening Traders, Today’s Technical Analysis – XTZUSDT – a break out is imminent as volume continues to decline; key structural levels are likely to be tested. Points to consider, - Trend bullish (consecutive higher lows) - Trend line support holding true - Current resistance .618 Fibonacci - RSI above 50 - Stochastics projecting down - Declining volume...
Evening Traders, Today’s Analysis – EURJPY – broke structural resistance, consolidation above this level will likely put in a higher low. Points to consider, - Structural support confirmed (S/R flip retest) - 1.414 Fibonacci Extension respected - RSI above 50 - Stochastics in upper region - Volume below average EURJPY S/R flip has been confirmed with a...
Today’s Technical Analysis – EURUSD – testing local support, a bearish retest will allow of a short entry. Points to consider, - Double top resistance (bearish formation) - Local support confluence - RSI below 50 - Stochastics buy cross - Volume below average The double top resistance was established with an impulse sell off into local support, which is the...
Today’s Technical Analysis – GBPNZD – respected structural support, a bearish retest of resistance is likely. Points to consider, - Structural support confluence - Resistance range - RSI cooling of f - Stochastics buy cross - Volume below average GBPNZD is in a defined downtrend with consecutive lower highs. The structural support is in confluence with the...
Evening Traders, Today’s Technical Analysis – BTCUSD – a breakout is imminent as support and resistances converge. Points to consider, - $10,000 Psychological Resistance - Up sloping support - Declining volume (Apex) - Range Median - RSI above 50 - Stochastics equilibrium BTCUSD’s current price is above its range median, .50, currently trading under the...
Today’s Technical Analysis – USDCHF- trading in equilibrium where a break is imminent Points to consider, - Structural resistance (bearish retest) - Declining volume - Apex - RSI at 50 A break in USDCHF will be imminent as price continues to reach its apex. The support and resistance lines will converge leading into a break in structure. The structural...
Today’s Technical Analysis – LINKBTC - trading in a clear long term uptrend putting in consecutive higher lows. Points to consider, - 200 MA support confluence - Double top resistance - Structural support (trade location) - Stochastics projected own LINKBTC has been respecting the 200 MA where a retest usually ends with an impulse move up. Structural support...
Looking at something like this for my next entry well see where the trend goes from here before we enter. I'm just a beginner so that is why all of my trades are EURUSD (trying not to complicate my self).