We look at Sharp in the 4H chart
We are at a crucial point here, as price will decide for a direction to keep. As trend follower I tend to say: " oh well... little correction here, perfect entry for me, keep going."
As a person who doesn't want to loose al its money I say: "lets wait for the confirmation, probably early next week we should now wether to long or...
this one right here will consolidate a bit before the next breakout.
The EAM 200 says its a long position, the uptrend looks stabile, I think we will see a pullback to the support, or even the support below and thats my entry signal.
If you look at it in the higher timeframes, you can see there was a trend reversal wit two big cups net to each other. Thats one...
Hello Traders,
My most recent equity position is active. I'm long $DDD as it has broken out of the symmetrical triangle pattern it was trading within for 55 weeks.
I have highlighted accumulation volume with green arrows. I have also plotted out the Fibonacci levels to keep an eye out for.
Anyhow, good luck. Trade smart and with a plan. Cheers. =)
as we can see, price goes up right now.
I suppose it will continue to the top of that channel, and if we are lucky, even break out (resistance was tested four times already!).
I will jump in on this one, since it seems to be a good classical channel.
Any comments, suggestions?
Let's zoom out and have a look at long-term horizon of the SPX500...
It's still in a upwards move with Higher-High's and Higher-Low's however June closed with a pin-bar.
Could this be the end for the Bulls and are Bears lurking around the corner?!
The 20/50 EMA are not touching at the moment and the June pin-bar closed higher (green) ... I think it's aiming...
Let's zoom out and have a look at long-term horizon of the SPX500...
It's still in a upwards move with Higher-High's and Higher-Low's however June closed with a pin-bar.
Could this be the end for the Bulls and are Bears lurking around the corner?
The 20/50 EMA are not touching at the moment and the June pin-bar closed higher (green) ... I think it's aiming...
BTCUSD is also in a downward move since the 11-June high with consolidating prices fluctuating with Lower High's and High Low's.
Resistance zone: $2600-2650
Support zone: $2300-2350
Should BTCUSD sink further, then I will look for a next support level around the $2150 mark.
Will I buy then? hmmm not sure... yet. Let's see when we get closer till the 1st August...
ETHUSD resumes it's downward movement from 11-June-2017
Resistance zone : $200-230
Support zone : $150-160
Current trend : Lower-Highs (LH) and Lower-Lows (LL)
Short-Term Trend : Downwards
Long-Term Trend : Upwards
As we can clearly see, in the past we have made higher highs and higher lows.
Now we are at a crutial point, since the last high is not yet broken. if thats the case, I believe we are ready to go all the way to the top of that channel again.
So if price goes above something like 5.80 I have my entry trigger and place my SL somewhere around 5.45 $. Why is the SL...
This past Sunday I shared with you my trading idea for the GBPUSD. It's now making it's way down to my projected target level and as price continues to eb and flow I'll be looking for trend contiuation based day trading opportunities to hop on the move.
Gold is continuing it's downwards trend with Lower High's and Higher Low's
Pivots:
Short-term
Resistance-zone : $1250-1300
Support zone : $1125-1210
Long-term
Major resistance: 1370
Major support: $1050
Silver breakout on the Higher-Low's (HL) trend.
Short-term
Resistance zone: 16.50-17.00
Support zone: $15.50
Long term
Major resistance: $21
Major Support $14
I don´t like waiting until the market provides me with a 100% copy of the perfect backtested super precise entry set up. Trading is not like fast food chain restaurant food, yu cannot always expect the same thing. While there is nothing new under the sun, price action and techncial reading of this price movement is more or less accurate.
The more languages you...
Hedging my longterm short EURUSD constantly with short term long trades on EURGBP with quite ptofitable so far.
Now price presents me a new opportunity with nice RRR
![GOLD: Gold downward trend 5 July 2017 [Weekly]](https://s3.tradingview.com/f/ft6xSZQU_mid.png "Gold downward trend 5 July 2017 [Weekly]")
![SILVER: Silver downward breakout 5-July-2017 [Weekly]](https://s3.tradingview.com/g/gXIrXNQe_mid.png "Silver downward breakout 5-July-2017 [Weekly]")
