Overall, BCH price is within a descending channel. We had a small reversal after the tweezer bottoms (in orange) that formed 3/4 days prior. Tenkan san shows the market is ranging. At the same time, Kijun Sen is falling to meet the price which signals a lessening in momentum. The wicks under the past two daily candles further supports that idea as well as the...
81.80 - 80.80 is the key area of support. Two pin bars was formed side-by-side, or another forex term "tweezer bottom" can be spotted on the Weekly chart. Will decide whether to Long the market when it opens tomorrow. Stay tuned. ** This is not a But/Sell recommendation ** ** Please do your own due diligence **
There are potential tweezer bottoms forming on the candles which could signal a small reversal of trend. This price action is further reinforced by the falling wedge pattern being formed. However, ADA has some strong resistance to overcome at the top of the wedge both in the form of psychological resistance as well as the .5 fibonacci level. There's a small...
This is the bounce we are most waiting for. I see many bull divergence from some of time frames such as 30 min, 1hour and 4 hour. In addition, i see that we will break this falling wedge. The bull scenario: The thing is, we need to close above the red line 50-MA (recent support) around 8300 for daily candle today. If it happens, we will see a tweezer bottom, and...
I see a weekly low test rejecting the weekly 51EMA, that lead to an intraday double bottom giving price momentum to break and retest the H1 51EMA. A break and close above 111.5 will present weekly tweezer bottoms for the following week. Lots of upside potential
Weekly low test candle rejecting weekly 51EMA. Daily double bottom leading to intraday doubly bottom. Break and retest of H1 51EMA with stop below the 618 retrace of previous move up. Aclose above the 111.50 level will give weekly tweezer bottoms going into next week.
May Soybeans rose out of a tweezer candlestick reversal today. May see another up day tomorrow. Seeing that beans are pressured by Brazil harvest, we consider this a retracement and fall into bullish Butterfly. Suggest 50% or 61.8% next target. However, open interest is still rising and we are still in an uptrend. If market continues up, possible double top.
Candlestick tweezer bottoms indicating a bullish reversal. Going to scalp a few pips. May adjust target, T/P and S/L accordingly.
We have a really nice entry bar here on the 2h - a good spot to long and TP1 at previous resistance at 1.33101 and finally at 1.31589
Despite the dollar going up we saw some major moves on a lot of metals (including GLD) this friday and we ended the week with 9 pennys away from a tweezer bottom on the weekly I´m right now waiting to see what the dollar might do in the near term future before entering any longer term trades but my trading plan allows for 1-5 days trades on metalls
We might get the bounce to 244 after all (the next leg in the Huge Bat idea) tight SL below the tweezers @ 0.0170.
Price has been in a range from 111.00-114.00. Price is at the range lows on the four hour chart. We have tweezer bottoms and RSI divergence on the Daily. I'm looking to get long around 111.05 at the 4 hour structure support. I'll have my stop just below the swing low's at 110.60. Looking to take profits at the range high at 114.00. Price rejected the...
There is some RSI divergence on the 4 hour chart. USD/CAD might start to get out of its bearish rotation in the coming days. You can see on the 4 hour chart, the RSI is starting to build momentum to the upside. On the Daily the RSI is starting to pull away from oversold and is starting to build in strength. We just need to see price catch up. I'm looking at the...
Could there be some relief in yen next week? Weekly - Hammer / pin bar Daily - Tweezer bottoms - Double bottom formation - RSI oversold - ABCD move completion with strong reaction at 77.595 H4 - Bullish engulfing candle Bullish pressure seems to be building up. Awaiting pullback and seller failure before taking a long position Strong support at 80.000