Another simple analysis coming to you guys on CAD/SGD 4 hour time frame. As you can see the small double top/''M'' formation on the 4hr showing there is a strong resistance to the up side. also to the area circled at the top a couple candle rejections at resistance level 1.04125. My opinion/prediction is the double top formation will be a continuation of the...
I this is a Leading diagonal, we are buying or if this is a running flag, we still buying still. managing our stop loss very accurately. Lower time frame might have more details on how to take a good buying opportunity.
Hi everyone, this is a super short term long, so I hope you can all catch it in time. I have been looking at the 5 minute chart to make this play, but the resolution is too small to post, so I I would recommend that you look at your own chart with my post pulled up beside it.
Elliott wave analysis: On a super short term, we are finishing our wave 4 triangle, and...
Pattern: Channel Up on 1D.
Signal: Buy as the price broke above the (former) 1.03170 Resistance as well as the Lower Highs trend-line.
Target: 1.0400 (the next Resistance).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
BUYERS PUSHED PRICE PASSED ITS DAILY RESISTANCE. POST THE BULLISH MOVE, WE THEN SAW SELLERS TRYING TO REGAIN MARKET CONTROL BUT ONLY TO PUSH PRICE TO SUPPORT, TO SERVE AS A BREAK-OUT AND RETEST ILLUSTRATION TO THE UPSIDE.
I BELIEVE THIS HAVE BEEN AN EASY ANALYSIS BECAUSE OF ITS TEXTBOOK PLAY.
NB: DO NOT FORGET TO USE PROPER RISK MANAGEMENT.
Price has broken above and is currently retesting a significant support/resistance zone and is in a clear uptrend on the 4 HR time frame.
As always wait for confirmation to enter & manage your risk accordingly!!
Price is at the tip of a down trend and a small retracement.
Price could buy to break resistance for a reversal or could break trend line to sell to support.
Because price is also just above the bottom Bollinger Band on the 1 day time frame,
I believe price will buy to test resistance.