I really like the look of this setup. Nice short trade for anyone who agrees with the analysis. If you want to wait for a safer entry wait for a 2 hour break & close of the counter trendline.
UK100 is Bearish - We look to Sell at 5933 ▪️ Broken out of the channel formation to the downside. ▪️ We have a 50% Fibonacci pullback level of 5936 from 6209 to 5665. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5933,...
USDCAD H1 - If we see the bounce from support, this is what I was referring to on the previous comment, shorting from arrows indicated.
Using the broadening wedge pattern to trade BTC here as a breakout trade. WIll consider going long if it breaks out above 7000 otherwise its a short
LONG USDJPY Price is above EMAs and MACD is also approaching and seems to be crossing above 0. Price is also holding above a short term ascending trendline support. I will enter on pullbacks and targets are based on key Fibo retracements. Very nice R/R as well! Please DYODA (Do Your Own Due Analysis)
Please be patient, might need quite long for trade to materialised.
Rejection leading to further downside movement looks like longer-term targets are back into the 160 regions again.
Per the pin bar candlestick, profit-taking should continue as long as the index trades below yesterday’s high of 12832.1, and the DAX index might reach the 12436.5 level, which is the 38.2% Fibonacci retracement level of the bull leg from the October low to high. Visit www.londiniumfx.com for trade signals, and reach out to api.whatsapp.com to be added to my...
Analysis of the 4 Hours Chart for FX:GBPUSD . 1) Trend Analysis - If we look at the above image, it clearly shows that the pair is in a downtrend . ( MAs and the Large Channel prove that). 2) Resistance Analysis - The red-broken horizontal line is a level of importance. The price tried to take support from this level a couple of times but failed...
EURUSD has continued its bull run for the second day, after breaking out of a bullish wedge pattern and reaching near a horizontal support zone. From a technical standpoint, the higher highs on the daily chart suggest that an uptrend is forming. Yesterday's dovish testimony by Fed's Powell put selling pressure on the greenback as markets place a higher...
FX:AUS200 Weekly – Bullish channel with bearish divergence Daily – Bullish flag and overbought 4H - Breaking higher from bullish flag - looking for re-test to set longs Buy AUS200 at 6560. Stop 6520. Target 6660 Overbought and bearish divergence on longer term charts could stifle this move Good luck! Check out our FREE Telegram group for trading ideas and...
Strong rising wedge for the S&P. Could this take a healthy fall back down...RSI implies it is overbought Also we had a parabolic move up from the lows of December/Jan...with no real healthy moves down for a recovery period on the way back up Hypothesis: price reaches near ATH to fail at resistant levels. If it price proves to move back down, I think it could...
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CADJPY, bearish divergence formed for selling. price testing monthly resistance area march 2019 84.00-84.10. suspect fall reason seasonal strength expected in jpy pairs soon.
NZDUSD has formed a sell setup on the daily chart after completing a pullback to the previously broken rising trendline. In the shorter-term, the pullback aligns with the 61.8% Fib level, which may signal that the recent short-term downtrend may continue. Zooming out to the daily, we can also identify a symmetrical triangle, which suggests that the longer-term...
Conclusion for today’s Ethereum price analysis: 168.40 is critical for the price of Ethereum and a breakout above the price level implies resumption of bullish momentum. Ethereum analysis for today is carried out on the 6 hour timeframe using a logarithmic scale, and chart inspection is from September 12, 2018 to current date. A range bound price movement is...