EURUSD daily is a huge head and shoulder.
Price has been accumulating in this range for a few weeks now.
As long as price respect this channel we can look for short term intraday set ups.
Gold – XAU/USD – Trading Plan
Fellas, we shared a trading signal to stay bearish below $1,222 with a stop above $1,226 and take profit at $1,218. We can also extend take profit to $1,214. Good luck!
GBP/USD – Trade Plan
I will be keeping a close eye on $1.3070 as below this, the market can go after $1.3010. Whereas, the violation of $1.3070 can lead the GBP/USD towards $1.3120. Good luck!
As you can see from the chart above, there are a million reasons why I feel this way about Bitcoin's future price movement.
First off the long-term downtrend line (from December) is hovering right at that price. That's already detailed in the picture above.
Secondly, if you see below, the EMA-50 for the daily chart on Bitcoin is resting right at ...
What is orderflow?
Order flow in any market is the placing of either pending or market orders. Prices may move due to the placement of these orders. What this means is that current value (i.e the spot rate) changes when there is a consumption of liquidity at a particular price level.
Why is this important?
What is occurring with any price movement is that either ...
Traders,
QSP has formed a falling wedge which is a trend reversal and is at support area with a possible entry point for me.
-Bullish divergence on RSI
-Bullish divergence on MACD with lower momentum
-Measured move is 20% to the upside of bullish if pattern plays out.
We are still in a bear trend so be careful and remember this is for educational purposes and ...
EURUSD has kept below its 89 EMA for a few months. It is now testing a trendline in a key zone. This setup will be confirmed if the pair can fall out the bottom of the key zone and/or keeps below its trendline. If this pair bounces from its trendline, a return to the resistance zones will be anticipated.
SL: 1.1785
TP1: 1.1119
TP2: 1.0842
TP3: 1.0570
Watching this equilibrium tightening. Waiting for a long or short opportunity.
Indicators: The price is rejected from the 50-D MA since 2018-04-24
Closest resistance: 8.46 on 2018-05-22
Closest support: 7.37 on 2018-05-17
If one of those break, I will consider to start building a swing position.
* Horizontal lines are support/resistance price level
* Trend ...
gbpjpy if it goes down under resistance and close a daily red candle then we are looking to go down next support if not the market is gonna rally back up and then maybe give us a reversal on the resistance
Looking at previous structure of price for AUD/USD I have marked on this chart
my higher highs, higher lows for previous bull trend as well as lower lows and lower highs for bear trends (D & 4H) with the rectangle blue boxes
January 15 2016 prices reached a low at 0.6829
deep re-tracement a few months later May 2015 20-June 02 Price retraced at 0.7163 never ...
https://www.tradingview.com/x/OnDj7bA2/
We might see a nice up move at the trend line. Don't care about the fundamentals, there is to much software-trading going on in these days.
The technical ages are back, so make sure to focus.
Only my opinion, so make your own research and like always
May the markets be with us
Tested $6,800 once before and crashed, as can see from the 180 chart. Now testing again, if once again rejected, RIP. The green line is the one year trend support line since November.
4HR
Long time i don't post anything, being in vacations and travel around southeast Asia
Appreciate that trading thing for a moment, thats makes this possible.
EURUSD break the resistance at 1.164 becomes now a support area
possible pullback falling back to 1.168
i belief that the price will push higher to the level at 1.174
and touch the CTL
