Daily chart broke out forming Higher high and started to signal bullish trend change. However, Daily chart failed to continue higher and after intraday LL developed a new LH on the daily chart pushed price further down closing below the daily 49EMA.
The trend direction might be changing. A major resistance level has been reached which might indicate an upcoming long opportunity. This resistance could as well just be a small flag so i would not suggest buying yet. However, I am pretty sure there will at least be a short corrective structure to the upside.
Every trader is asking if EURUSD is going to continue the downtrend today.
Now I've found this nice bullish Black Swan which is a sign for a changing in the trend.
But please pay attention: This Black Swan isn't holding for a long time.
It's just a little sign on the path.
Good luck and a lot of pips for you!
Along with EURUSD and USDCHF, DXY is at a stage where a big change in trend is forecasted as all 3
pairs correlate like twin pairs and move in sync.
EURUSD - Triangle (Terminal Move)
USDCHF - Ending Diagonal (Terminal Move)
and DXY - Ending Diagonal (Terminal Move)
Other factors to take in to consideration.
1. Divergency are showing on all 3 pairs in almost...
This indicator tries to show the probability of an impending reversal. It's using a number of different input signals and candle stick patterns and conditions:
6 different moving averages
Averages of moving averages
Pin bar patterns
The indicator is designed as an oscillator and treats positive...
CHFJPY has made an impressive move to reach the 113 level in a short period. However, this pair is due for a correction.
With price rejecting this resistance level and bullish pressure easing over the last couple days, this is likely to be the start of a good sized correction/retracement before price continues higher. The red rectangle depicts the projected...
Key points that I noted on weekly chart,
1. Lower Lows and Lower Highs
2. Bearish Pattern
3. Bearish Divergence on RSI
4. Bearish Harami Candlestick pattern
It denotes and confirms a trend change signal and I would be very cautious in investing in it. I assume large institutes have started selling this stock.
With Jason out of town I’ll be pulling double duties helping out with the morning War Room as well and today I had about six potential trades on my radar. I typically don’t actively trade on Monday’s but I will be keeping an eye on the NZDUSD for multiple trading opportunities. Bigger picture I’m still looking for a chance to short this pair once we retrace to our...
Dow has been in a long term uptrend and has been squeezing up between trend lines that it has been bouncing up and down. The question is will it continue doing so and if yes for how long as the space is almost squeezed out. The next deciding level for DOW is around 18550 to 18700. That is when it has to decide either to break out, continue consolidation by going...
Everything on chart :)
I follow the rule less is more!
Safe and secure entry would be waiting price breakdown trendline + EMA 12 but you might me little to late
So i would suggest here little more agressive entry, drawing trendline accurate on H4 and wait that price reach around EMA 200 (please check your charts) and after price BREAKDOWN TRENDLINE + EMA 12...
Nvidia Corp posted higher fiscal second-quarter earningsyesterday after market close and gave a forecast for current-quarter revenues that exceeded Wall Street's estimates, sending shares of the graphics chipmaker higher in after-hours trade.
The outlook in the PC industry has brightened following news that PC shipments were flat in the June quarter,...