SPX is approaching our first resistance at 2703 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2508 (50% fibonacci retracement, horizontal pullback support).
RSI (34) is also approaching resistance and we might see a corresponding drop in price ...
EURCAD is approaching our first support at 1.5078 (horizontal swing low support, ascending channel’s support, 100% Fibonacci extension, 61.8% Fibonacci retracement where a strong bounce might occur above this level pushing price up to our major resistance at 1.5264 (38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and seeing a bullish ...
ETH/USD and BTC/USD are currently inside similar channels on the 1 day chart, almost freefalling down the channel at times.
The edges of the channel have been prime shorting zones for approximately the past 6 months, the Fibonacci lines been good to take profits & reset the trade.
Ethereum could be back at the 10% of Bitcoin mark in this case.
If these parallel ...
Earlier we sold USDCHF from the TOP and in our previous analysis we bought USDCHF from almost the bottom,
where Target 2 is still open and running with (+255 PIPS) of Profit!
It's time for USDCHF for short term correction in order to rally back up!
so here are some potential format on how USDCHF could react!
more updates will be posted below this ...
EURCAD has made its downtrend down to FIBO618 of last wave up on daily chart.
Consider that is a corrective wave down and FIBO618 is a great position for a new start of new swing for 1000 pips up.
This is not a trading signal yet, but this pair is now on our list to wait for entry signal..
And we have been waiting since weeks ago. So dont rush to open a trade ...
Let’s talk about GBPUSD. The market reached a very important resistance zone formed by 1300.00 level and the downtrend line. We can see that the price bounced from this resistance. A strong bearish candle confirms a price reversal. The same goes about RSI and MACD histogram. DMI shows that bulls are not strong now and they can’t push the market above the ...
Crude Oil break out support line of the uptrend channel. We touch support zone.
After oil drop price start to recover.
I see 3 resistance level for oil.
1. 55.8$ - 38.2% level fibonacci
2. 59.94$ - 50% level fibonacci
3 64 - 61.8$ level fibonacci also resistance line
But global It look like impulse-correction-impulse
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to ...
Currency Pair: USD.CHF
Time Frame: Weekly, Daily, 4hr & 15min
Predicted Direction: Long
USD.CHF updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Hi guys, huge move is loading on xem as it has been in extreme end of its triangle pattern. Technical indicator shows flat which indicate bid accumulation in progress
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS
Do know that I ...
If you didn't buy ETH at $82 like we told you, then again at $112, you've got a new opportunity. Low 100's buy in is a safe bet with good support in a falling (bull) wedge.
Wait patiently, please like this chart and follow me, and I will update when it a good time to buy in. We are long in the bigger picture, please take at look at the past posts
Since Christmas Eve 2018 we've seen a vicious rally from the lows. On December 27th, I called for a rally to 2625 before I would try getting short again. Unfortunately, the pain trade has been on as nearly every technician called for resistance in the 2620-2630 S&P levels and my subsequent short call was stopped out.
Now that we've seen overall market ...
The 1D Channel Up made a Higher Low at 1.1352 on Friday (RSI = 47.251, MACD = 0.000) and should now technically start rebounding towards a new Higher High, which at this time is limited to 1.16230. This is because that's where the 1W Channel Down is expected to make Lower High and reverse. Attention is needed however as if the 1D Channel Up breaks the previous low ...
XLMBTC currently in a falling wedge. These past few weeks BTC lost quite a few percentage points in regards to its dominance with alts. XLM has not broken out this falling wedge and it's currently sitting on a big support, where in the past, in at least 4 occasion has bounced from and broken out of a falling wedge. Moreover, RSI is showing a slight bullish ...
View On EUR/USD (21 Jan 2019)
Did you follow our previous analysis?
Now the price is at the strong support level. This is where we can expect side way movement (or) upswing.
So, if you had a short position it is time for you to close it with the profit.
LONG as long as the price is "above" $1.138