After putting in a retracement to retest previous structure lows the S&P is now trading at the right should of what may turn out to be a head and shoulders bottom pattern.
The head and shoulders is a classic reversal pattern & IF completed I would predict that we're likely to retest the previous structure highs which line up at a one - to - one measured move & a...
NZDJPY had an aggressive sell on Dec 2018
from 1 to 2 it took 20 candles and it went down for almost 960 pips
strong bearish candles and only few bullish candles
in 2019 this pair was in retracement mode
from 2 to 3 it took 23 candles to rise 670 pips
very weak bull candles and many bearish candles
this is telling us that sellers are still in control of market...
Hi guys, I am happy that my previous prediction played out very well. This is how I see where price is going from here onward.
There is an obvious downtrend for BTC. By matching this period trend with previous period trend, we have to drop by about 9.35%. That is my target.
If this target is achieved, we can confirm a descending triangle. Then we will see a retest...
Status; Trend continuation
The pair is in a downward trend. Waiting for a retracement at 0.8930 or the downward break of 0.8875 to go short.
ENTRY; 0.8930/ 0.8875
TARGET; 0.8861 & 0.8815
Only the upward break of 0.8952 will invalidate the trade.
Status; Trend continuation/Overbought
The stock is set to move lower having met resistance at 530.161
ENTRY; Current price 520
TARGET; 482 & 457
Only the upward break of 555.700 will invalidate the trade.
- NZDCAD is in a downward parallel channel and has hit the upper trendline a few times in the last weeks while showing some bearish candles.
- It just broke the trendline support showing that there is more downward trend continuation.
Shortterm target is the 0.618 fib retracement level @ 0.8900.
Longterm target is the 0.8070 support of the lower...
welcome to another weekly overview of EUR/USD!
Let`s take a look at the year and what we see is a huge Sell-Off aswell!
EUR/USD started this year @ 1,19873 and found our years high @ 1,25628 in feburary.
After that we`ve just consolidated in a range between the peak and 1,22.
FED`s rate hikes consistently punished the EUR which was...
The price of the XAUUSD has skyrocketed by the bullish market. Due to this uptrend, the trend lines of the triangle have been broken.
From this we can say that a new trend is under way. After zone 1240 has passed, a temporary pullback is created.
when this pullback ends there will be a new upward movement. I think that...
A simple analysis, all circle with color coded (blue and red) represent where I point out the fibo, as I expecting, this week flow it gonna be a pullback (like on past week) and continuation of downtrend till hit 161.80% (might not hit but nearly to that particular level) . gotta keep on eye during NFP (every 1st week of the month).
all the best traders.
Bearish Bat spotted as it is a trend continuation trade, I will be taking some extended targets.
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Alternate Trade Approach to my recent Long Idea:
IF USD/JPY does not respect recent bounce off of smaller triangle pattern, (in black--might need to zoom out),
then it may correct even further and:
retest the support of the smaller black triangle
find support at the lower level of the larger triangle (in orange--zoon out), which also coincides with...
USD/CHF Recently broke its upward momentum and has begun a downtrend.
We are currently testing resistance.
If USD/CHF fails to break this resistance level , we can expect further downward movement.
Side Note: We see that the blue resistance has been broken, this may be an indication of bullish momentum, although I see it as a small structure break before a...