Gold extends early week recovery from March tops to poke 50-EMA ahead of the key US employment data. The expected recovery in the headline Nonfarm Payrolls (NFP), coupled with the forecasts of downbeat Unemployment Rate, keep weighing on the metal prices. However, firmer RSI and MACD’s teasing of bulls may propel gold prices in case of a negative surprise from the...
Buyers are showing loss of strength here, its like a tug of war between buyers and sellers , if price breaks 14355.0 Support zone then there might be a possible trend reversal which means ill be looking for sells on the first pullback.. probably would be by next week.
Silver’s first weekly gain in four portrays the metal’s gradual recovery from 200-DMA and 61.8% Fibonacci retracement April-May upside. Not only the price but the RSI line also inches up from the oversold area, which in turn suggesting the firmer bullish bias. However, 100-DMA near $26.55 becomes the key hurdle to convince the silver buyers. It’s worth noting that...
In the last few days we saw a sharp drop on EURUSD. We can see a strong USD pretty much everywhere after the news from FED. Price has now reached significant support levels and it's important what will happen next. On EURUSD we're expecting a test of next support level in the 1,1850 zone, where we could see price slowing down and possibly going back up to...
Looking at NzdUsd, we could finally be seeing this pair break its range its been in for a while now. Looking on the daily timeframe, we could notice that the bullish momentum that this pair once had, has faded away. With this being said, we could start to predict that a trend reversal is in sight. Focusing on the 4H, price is beginning to break market structure...
Price has been in an uptrend all year and is currently in a bull flag pattern. A break of this flag looks to send it to a strong monthly resistance where a reversal may follow.
Deep value areas, stop loss at or below all time low, easy place to manage risk and simple targets based on previous highs. May consider setting 1st target closer to 200MA (maybe $1.2) if your ok with lower R:R and concerned about pump-n-dump (which this one tends to do often) Not really a valid harmonic, but close. Solid XABCD stuff tho, IMO
On UsdCad, we could be seeing a potential reversal forming. Price has been in a steady downtrend for quite some time now, but it may seem like we're losing some bearish steam. If we look on the monthly timeframe, we could identify a clear support level that price is sitting at right now. This is a major factor that identifies price may reverse at this point....
Over the last few days bitcoin has shown us a number of reasons to indicate that this short term down swing has reversed. The good news is that: Bitcoin has broken out of the triangle to the upside The MACD's histogram has been moving in a positive direction since the 19th of May The RSI left oversold territory and has stayed above 30 - indicating upward...
Looking at EurUsd, we could be seeing a potential reversal setup. Looking at the larger timeframes, price is in a bearish downtrend channel. I've created a non-horizontal resistance/support levels to use for context. Price is currently sitting at the monthly non-horizontal resistance level, signaling long-term sell opportunities. Scoping into the 4H, we could...
On GbpUsd, I'm still anticipating a trend reversal of some sort. Even though the triple top pattern didn't play out, it seems as if the weekly resistance level is holding up very well. Price has tested the level almost 6 times, with no success of closing past it. This is showing me that price is having a real difficult time continuing it's bullish trend, and could...
SHK on weekly breakout a d also formed inverted Head and Shoulder.. buy above 168 for the target of 200/250/300/350... SL 20 SMA WCB/MCB.. Note:- I am not Sebi registered analyst.. before entering in to trade ask your Sebi registered advisor.. Chart is for learning purpose only.. #LearnToEarn
If you have been waiting for the Bearish Bat shorting opportunity(chart at the bottom) and you had missed it, well, it looks like a better opportunity might present itself for a trading opportunity. After the candlestick pattern has confirmed, I will short the Bearish Shark Pattern at 1.4228 regions for a counter-trend or trend reversal opportunity. Coincidently,...
Sunpharma today for the 10th consecutive session has failed to sustain above 700. With a completion of the 5th wave at .618 of the fibo and multiple failed attempts Sunpharma is ready for a short. My view short for risky traders @cmp with a Sl of 720 and targets of either the support zone marked (trend and horizontal line) or you're appetite. Safe traders can...
On UsdCad, we could be seeing a potential reversal forming. Price has been in a steady downtrend for quite some time now, but it may seem like we're losing some bearish steam. If we look on the monthly timeframe, we could identify a clear support level that price is sitting at right now. This is a major factor that identifies price may reverse at this point....
Today the we broke a monthly trendline and the 55 Month Moving Average on the AUDNZD pair and i expect that the AUD will be weak against many other pairs in the near future.
In about 11mins, I'll make a decision should I short GBPUSD again? Well, what would make me enter my trade? Only 2 conditions I'm looking at, 1. The candle cannot break and close above 1.4172, not even 1pip. 2. A long shadow candle with the long wick above the candle body. Let's see how it rolls out.
As harmonic patterns and levels are explained in prevoius idea, in this idea reversel of trend is observed in ETH/USD.While crossing the 200 EMA their was a bump in VOLUME which signals and confirms the trend reversel. Follow more ideas :