This pair has broken out of an ascending channel. Grey box is the key level where price will probably retest the broken structure. Confirm rejection to short Always apply money manaagement
Gold Has broke our Wekkly downtrend move & is showing signs of Bullish momentum. This pair came back down to retest weekly Support and ended last week with a Bullish Engulfment. 3rd touch to trendline seems to be holding as well We should see this pair shoot to 1400 in weeks to come! Stay Tuned :)
XMRBTC has been in a week long down trend as labeled on the chart as Wave Y. The two purple lines outline the downtrend channel. Notice how it reached the top of the downtrend line twice previously and was rejected. We are currently on a potential breakout hourly candle. For the first time, we have passed above the top trend line and with an hourly candle...
will it bounce off or break trough? looks interesting to me
SPX BREAK IMPORTANT TREND LINE Short the pull back Use LIBRA Pattern for a bettery entry
Guys, this is the thought after i view the EURUSD chart for 1 second. Try to follow my logic and apply this kind of mindmap before you take any trade of any pair. You all must learn how to find out those important clues from the chart. Then you will find out that Trading opportunities is no longer hard to find. Sept just starts, Good Luck to everyone.
Despite the bullish movement on last two days, the $EURGBP can still be seen as a good Sell opportunity for next days. The Fibonacci extensions matches with some important horizontal levels and if it brakes the previous low (0.8330) it can go all the way down to 0.8100
Unicredit broke trendline at 2.30 area. Good RR for a long trade towards 2.8
Wait for the break in EUR/USD to confirm going long or short on this pair. I always consider both directions when trading but from the looks of it I am biased that this pair is bearish!
If CADJPY will broke tre trendline at 79.5 area there's new long idea towards 82.9 area
Today, the price action breaks out in a big time by breaking through the resistance trendline. Buyers pressure took the prices 7% up in a day that indicates strength and bullishness. If it breaks through 127 levels which is the next resistance level then we shall see 136 levels in this month series. Momentum is up and high. Target 1: 127 Target 2. 130 Target...
Hello friends, sorry been busy recently haven't had a chance to post. (I post quick ideas on twitter while being away here, you can follow me there @thefxchannel). This is my trade on the EURAUD, looking for bullish resumption for the latest bullish wave after the recent pause and pullback. I have three targets, first aiming to get a quick trade. Second for more...
This is for my traders who use the daily time frame. self explanatory really reversal about to go down. uptrend has broken price is touching 50 ema. now i have previously said silver is in a downtrend LONG TERM. This is correct, but if you want to profit on smaller time frames buying will be the best bet
The trend Line on 4H brake and retested , so i think the best is going long and first target is The daily area
I will be long GBPCAD on a break of the Trend line, possibly up to the weekly or monthly pivot point. It is becoming Oversold on the 28 level RSI which means it should pullback soon. So at the very least I am expecting a pullback to the trend line so there is an opportunity to make some pips. Remember to keep your trade sizes small and manage losses so they...
Gold , Double Top, retest broken trend Three bearish candles . important level 1313 1300 1360
Encana Corp has recently broken a resistance line and a year long downtrend line this year. After being up the past few months, it is continuing to look bullish. It has just had a two month consolidation period and is ready for the next leg up. The price has moved above the 20MA (which it respected during the downtrend) and the 50MA. Additionally, the Directional...