Looking for a pullback to retest the respectable ascending trendline. Opening shorts near the 0.618 fib retracement in confluence to the previous level of resistance which is now acting as support.
-Ascending trendline breakout, retest expected -0.618 fib retracement -previous area of S&R -current descending trendline -overall strong zone of confluence
EURCHF bounced on 0.786 Fibonacci level as you can see on left chart with 1 week timeframe. On the right side you can see 4h timeframe chart and you can find a nice support to use for a long position (swing trading), according to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment...
We're on the 4H chart on EUR/CAD and what we're honestly seeing is consolidation in the zones of 1.53 & 1.55. Being bullish overall on eur/cad, it's it's in our best interest to look for buys. If you're experienced in counter-trend trading then catching this retracement in the level of 1.54 will be very profitable in over 60 pips ... I mean if your price action...
This is a easy buy for a retrace back to 2$ anyone agree?? I loaded yesterday
Good Day Everyone Here's an idea on the EURJPY a look from the from the 1H chart definitely looking at it short term, the pair has been in a uptrend after successfully hitting the double top and rejected from support now resistance level 122.492, the pair rallied in an uptrend hitting HH & LL on its way up in a ascending channel structure respecting the...
Main items we can see on the chart: a) The main structure of the price right now is a Weekly descending channel and a major Support zone (check the weekly chart) b) Now the price is inside a range (yellow lines.) From a technical perspective, ranges are a key structure to pay attention to, because when we have a breakout, we tend to have the beginning of a...
Main items we can see on the chart: a) The price has reversed on a weekly support resistance zone (check the weekly chart to understand the relevance of that level better) b) After that, we can see an impulse, remember that the price moves between impulse and corrections after an impulse comes a correction and vice-versa. The main idea of this is that when...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
CHECK CHART FOR ENTRY DETAILS, ONT HAS A 100% PROBABILITY OF AN UPTREND, NO SIGNS OF BEARISH MOVE.
Looking to enter longs on a pullback to retest the recently broken 4H descending trendline, current respectable ascending trendline, 0.618-0.65 fib retracement, and a strong level of previous S&R.
Oil has been an interesting one this year. After seeing price drop below -$30 a barrel and now back to $40, you can definitely say it has been a roller-coaster this year. But when is the right time to buy oil? Let's take a few fundamental facts into this With counties opening back up around the world and transport and business starts to go back as normal,...
Oil keeps making higher lows inside a tight triangle and today made a significant false break at the lows. So I think it will go higher as long as hourly candles will not close below the support zone. Best of luck :-)
Main items we can see on the chart: a) The Major Structure of the current movement is the weekly descending trendline b) The Second most important structure of the current movement is the Support Resistance zone c) We can see that the price rejected the zone of the descending trendline + the support resistance zone d) After that, we observed the...
NSE:HDFCAMC experienced quite a lot of hesitation at higher levels after bouncing up from ~2430. After retracing from higher levels, we can see it attempting a recovery once again. If the support is held, it could be a good swing long as long as the incoming resistances can be breached. As of now, it is just under the 13DMA (not added in the chart). So a...
Looking to enter shorts on a pullback to retest the outer 0.618-0.65 fib retracement area in confluence to our hourly descending trendline and previous level of support now acting as resistance. Furthermore, we find ourselves consolidating within a rising wedge, which has a high probability of breaking downwards.