We have EURUSD price rejecting the trendline, wait for the candle confirmation in H4 so you can go short on this trade, secure your TP on the trendline but I think the sell will break it and reach our next zone!
This is not intended to be trading advice, but I thought that I would publish my personal thoughts and current charting. Trading this upward channel on LTC (15 min TF) using regression line with +/- 2 std. dev.. If you have any thoughts I'd love to hear them, please leave negativity out. Good luck and happy trading everyone!
We're in an uptrend on the USDCAD 4 hour currently, but are starting to reach key resistance levels.
That said - stay long until the 4 hour is properly broken and then its time for the down trend to start!!
Any trades for me will simply be in a reaction to price movement.
Hi folks, this is my first time posting an idea/"short" analysis publicly, hope you'll enjoy it
This is the chart from SP500, I mirrored 2007 financial crisis structure, unedited, raw and pure, pasted it below our chart, checked the fractals/similarity, and it's deadly alike.
With the somewhat positive sentiment from OPEC ...
Hello traders. Lots of opportunities in all markets. Here we have Apple Stock Charts. We have significant demand just below. Look for price to possibly retest there before its next big move up. We should see some hesitation at the first supply zone from price with ultimate goal at the higher supply zone.
Here we have Amgen Stock chart. Bigger picture suggesting that there is more room to fall until we reach significant areas of demand. As we move to the lower time frame we can see fresh supply sitting above and very little demand below. Will look for an entry here.
Here we have Costco stock charts. Bigger picture is suggesting we are bearish with more room to the downside. As we move to the lower time frames we can see were approaching fresh supply. I will look for an entry into the bearish move here.
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Our analysis on GBPUSD .
We have a Gartley formation soon to be completed on this counter trend trade.
Based on historical price movements there is a downtrend in price with lower highs and lower lows
The structure point of 1.2700 seems a solid price reversal point, but seems to have been broken. We will need to monitor price action in this zone before ...
When you take the long-term trend lines into consideration, the bulls still have a chance here.
Back in late 2015 the Average Directional Index (ADX), which measure the strength of trend momentum, was turning to the upside as the green positive directional index line also increased.. a sign for the bulls to take control.
The trend line was being tested in early ...