Weekly charts represents series of data points where each data point is comprised of the price movement for a single week of trading.
This chart type has been used for a long time by traders and typically applicable for long-term trading.
The target breakdown ended up being lightly shy of hitting its mark this time before turning around although I had anticipated a potential pump fake back up to the 4hr 50ma so thee's still a chance that this could be that pump fake. I am much more hopeful that we will simply achieve a higher low from here because if so, odds are very good that we can maintain ...
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GBPUSD 0.89% 0.10% just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Bullish movement after taking out 128.350 kl.
DAILY
Price changed direction after taking out low expecting bullish pressure now
WEEKLY
We had a bearish closure taking out some buyers last week, good entry for ...
Expecting GC to make higher prices within the next few weeks. Potential 500+ pip movement. A bull flag is in formation on the 4 hour. I will look for a proper entry point to go long
Hey guys,
it seems like we crashed back into the recent range and bounce off of it.
The globale situation is pretty weird in terms of the differences and mood of investor world wide.
Fundamental facts:
1. S&P500 = 7% Plus since Years begin
2. Globale Stockmarket (measured on ETFs) = -7%
3. Chinas Stockmarket = -19%
Question: Does that make sense? ...
After seeing a beautiful teacup/ cup and handle formation, I'm expecting a long position on copper. On the daily chart yesterday (8/20) copper had a bullish push. Entered a long position, and will be holding a swing trade.
Sl- 2.4357
Tp1- 2.7852
Tp2- 2.9895
Tp3- 3.3093
Those are my projections. My entry was at 2.7151
Weekly 200 & 100 MAs' hold back EURUSD @ 1.1750 -> even if there will be a break I am not trading it in the first round, only after pullback. -> keeping my neutral slightly short EURUSD view.
DAily chart: not good enough risk-reward setups
Retail traders positioning: 55% short -> not skewed enough to serve as a counter-indicator
Silver is at a major support (~13.9) and ready to move up. Divergence is showing, marked with the blue lines. Stoch is showing over sold, on the weekly too.
This pair moves slow so will set it up and forget about it.
If you don't want to enter now, do a buy stop at 14.308
SL 13.480
TP1- 15.6
TP2- 16.570
CZ said the weekly chart was bullish before the dips, now this chart is even more bullish because you have an opportunity to long from $6k again.
Good luck friends!
Hello all,
In my last post, I said we were probably going to break out above the ascending triangle and we did, so congratulations to anyone who was betting with me. Read that here: https://www.tradingview.com/chart/BTCUSD/nOT0cu6X-ascending-tri-in-BTC-is-the-bear-market-OVER-Find-out-here/
Here, we have the weekly chart. Now, I do not trade the weekly chart, ...
A few very bullish things going on at the moment...we are about to close the weekly candle as a confirmation candle well above the giant descending triangle pattern we've been forming all year which if so will likely trigger the breakout. We are very near the apex of that pattern so a breakout now would not be unexpected. If we do breakout here then we have ...
