Bullish momentum appears to build up in the background as structure reveals a confluence of bullish trendline and key level around $0.74250 where we shall be looking forward to taking advantage of this bullish momentum right above this key level. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a...
Hello Traders, The EUR.USD has been falling on the daily chart for a while, but has also formed a bearish flag on the 4 HR. If the price breaks the flag to the downside, it could indicate a trend continuation on the daily time frame to the downside. I will update this post idea if my bias is correct or not. Until then, happy trading. Samantha
We scooped a total of 150pips in our direction since my last publication on this pair (see link below for reference purposes) before the rally began and since the beginning of the new month, it has been a choppy session for this pair. Now, the appearance of a Bearish rectangle at this juncture technically insinuates that the USD/CHF might be set to plunge a little...
Following the fulfilment of a 120pips move in our direction (see link below for reference purposes), we witnessed a correction back into our precious key zone @ $0.71000 - a significant zone (Neckline of Double Top pattern on the weekly chart) for sellers with another opportunity to short the Kiwi against the Dollar in the coming week. As the Kiwi continues to...
Considering the long term Bullish perspective ( see weekly chart), I see a correction phase of the Bullish Impulse leg (began on the 21st of April, 2021) happening since the price broke below Y90.000 on the 17th of June 2021. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Correction phase Observation: i. The successful Breakout...
Looking to see how this continuation pattern plays out
as we witnessed some breakout abv the previous high of 1587...now it is likely that the market is going to retest 1620-40... current support : 1587-90... psychological resistance/current resistance : 1600 higher resistance : 1620 -1640... market has a bias towards the upside...therefore trend-continuation trade might have better winning...
top 20 jewels frm a very popular local bank... fundamental : I don't know... technical : let's look at some price action... I have been a big fan of DUFU since 2018...DUFU has been in uptrend which could be traced back way into year 2015... after "The Big Fall" in mid March this yr, DUFU has rebounded more than 100% frm the low at RM2, and has broken past the...
gap up go up scenario tdy... support : 2580 -2560 resistance : 2620-2630... higher resistance : 2690-2700
this is trade 79) frm Haidojo trading...fcpo-sept has broken to the upside to test further resistance frm 2560-2630... full steam ahead...! with 2 more days before the exchange date on 16th of the month, so I guesss the price is going to go wild... overhead resistance : 2560 -2630 support : resistance-turn-support 2474-2500 psychological number market is...
fkli continues its uptrend, despite having some political issues in the Parliament...which is not suitable to be discussed here...however, for most of South-East Asia's countries, politic cannot be separated from its economy...that's the hardcore facts... current resistance : 1620-1640 support : 1587-1600 strong support : 1556-60 I am no expert, but I am...
Last week kick-started on a Bullish note for the Greenback but later surrendered a major part of its early gains to the Swissy as it breaks down my Key level @ 0.93850. Even though it rallied back up from this Breakdown; price appears to be respecting the Bearish Trendline which has been holding since late May 2020. Tendency: Downtrend ( Bearish ) ...
HELLO COMMUNITY, HERE IS MY LONG IDEA FOR THE EURPLN / EURO - POLISH ZLOTY. IF YOU LIKE MY IDEAS THEN PLEASE LEAVE A LIKE AND FOLLOW ME. 1. STRONG SUPPORT 2. THE BULLS COME IN THE MARKET 3. HIGHER LOW 4. H4 UP TREND 5. MY ORDER BEST REGARDS
AMD is in a strong uptrend. A bullflag built up and so a continuation of the upmove will be possible. The old high is a good Profit target. Stop loss in Price break Below the trendline or Below the ema50
This Stock is Holding the 20 EMA on the daily chart. Having is ADI over 30 and the Di Positive, look very well to enter a long if we go over yesterday highs or if we gap down and reclaim over the yesterday lows. To understand better my strategy: stocktraderjournal.wordpress.com
EURJPY is slowly but surely setting up to give us a long setup in the coming weeks. Before we do, we're going to have the completion of the current correction we're in.
USOIL daily seems to be going for its last bullish extension leg to the 161.80% level. Though bearishness is still very much present, this market resembles a range before trend continuation impulse move. Lower timeframes for entries is the preferred choice. Wider stops and smaller size is also very important.
USOIL is going though a pullback phase, currently at 50% retracement and at 3.3 days' average price. Bears gapped down the grey shaded area around 6950, as long as the bullish gaps below are still open, bullish continuation has better odds. Upon closing higher than 6950 gap area, entering long with stops below 6920 seems reasonable, 2R-3R targets ahead.