All I see is a selling opportunity as price rejects the 4H resistance level in a downtrend as we see price making a Lower High and a Lower Low. It pushed a bit below the R level which will make me get a good entry on the lower timeframes.
AUDUSD this pair now is so irrational and manipulated at the moment like the stock market,because aussie is almost 100% correlated right now with the stock market and after stock market is going to go for another leg down this pair will go with it,also RSI is confirming that to me, the pair started to make weaker and weaker impulsive moves to the upside so soon it...
As you can see the high and lows tested in the uptrend are re tested on the downtrend blue circles. Blue = uptrend, Red =Downtrend. This is how it works. The indicators only help confirm after the retest it's sold.
EURGBP at a crucial stage, will we break lower to break out of this range or will we push higher to stay range bound. Either way i have my two ways i will be trading this pair. Lets see how it goes. Any questions feel free to ask
Looks like it's bouncing off the daily to continue bullish. But do not be surprised if we revisit the trendline or go underneath it a bit. The large drop may give it a reason to test more bearish waters. Not much to say on this one. A trendline break will signal the bearish continuation if there is one. BULL TPS: • 144.356 • 144.844 • 145.638 • 146.961 ...
Gold is extremely overbought on both the monthly and the weekly. So this should still ride overall as a short. The conflict with Iran can still greatly affect the USD, so whatever happens, this week news-wise can still make it bullish against price action. But technical analysis still screaming this is a big big short. Let's see. BEAR TPS: • 1550.55 •...
AUDCAD looking like a buffet with that super-strong doji on the weekly. The strong bearish move was unphased last week and barely made a juke at all. It did a rejection at the daily and it looks to be forming a pullback on the 4hr. The weekly shows a large rejection like the downward move has come to a screeching halt. But one way to know for sure is to see how...
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After such massive impulse to the upside, BTC traded above the major support and resistance again, looking to the left we have seen several bounces whenever price traded above this level, therefore am taking this probability to go long. look for a low test within the highlighted zone before placing long...
Falling wedge and hitting support. Wait for bullish confirmation.
Support & resistance is really something that works in all financial markets, it's worth studying how to determine the proper way to finding and drawing it to be able to find the best trades possible available in any given time. I use support & Resistance to find direction, (you can find it on any time frame), The way this works is you connect highs and lows, as...
we can see GBPUSD here is approaching SSR (SIgnificant support and resistance) zone and already forming HnS pattern i recommend to buy and green zone since there was big rally occured however, if you guys want to take SHORT i suggest you to wait until breakout confirmed,then retrace at Greenzone, wait for price action/chart pattern, then go Short
Short Term Bearish will hit my orange zone, long term after it reaches the bottom orange zone will reach the top orange zone. After the completion of the bearish bat, we will see major bearish momentum on the pound.
This is one of the most beautiful charts we have in Cryptolands today and for sure - it is a BEAST. Yes, you are absolutely right! We are talking about Cardano. On the chart, we have the S/R flip. Yes, price action traders are drewling all over the place! What does it mean? - S/R flip stands for Support and Resistance flip and as you can see price fell down...
Price has been in a downtrend, and just broke out of its retracement (black arrow). Pink line would be the best to SELL with minimum risk (if the price reach there). However, if it didn't and the price breaks the lowest blue line, it might not go to the pink line anymore. This could signal the start of a downward movement to the yellow zone, which is my TP...
read the chart, and give your review in comments.