Good opportunity to go long from here :
- Retrace 88.6% from last impulse
- Reversal pattern
- Stoch is oversold
Especialy, based on simple but effective trading method of RolandV (you could search his name on TV here), price could revisit 200sma to get more fuel before another blast up.
UC completed HnS on 1h TF, retraced and bounced off the heavy resistance here which included:
. resistance from shoulders
. 78.6% retracement
Besides, KST indi crossed down.
IMO, good time to short UC.
Target 1 2 3 = 0 -27.2% -61.8% on chart
SL above shoulders.
EC met minor resistance but after the BIG bullish candle here, i thought the line was broken.
Price retraced 0.786 and formed a inverted hammer yesterday. Could be the signal to continue the trend.
May enter long here but I will wait for break out on 4H to get confirmation.
SL should be below the hammer.
Gud luck traders.
EA already had inverse HnS pattern which lift the price to TOP @1.50
There, It has just formed HnS pattern and price is falling now.
Based on AB=CD pattern, target is 1.450
Further, target of HnS could be 1.400, where it started to rise.
Good luck traders
We have a nice upside channel here, price reached the top line and now being held at Fibi 38.2%.
It could start going up from here, but in conservative way, I'm expecting retest the bottom line of channel at around @1.55000 which is 50-61.8% retracement before going up.
SL should be below the the previous low 1.545
AJ did retracement nearly 61.8% from the last bearish impulse + RSI <40. So it could be the start of another impulse.
Target on chart according to Fibi scale.
SL should be above 192.5
As seen on chart, UJ have some interesting reactions at parallel lines.
D chart and 4H chart still shows some upward strength so I think the price will follow the previous structure, go up, hit the trend line, show RSI divergence and start a bounce back. Detail on chart.
IMO possible entry at 124.150, which is near the trenlind and 50% retracement of the...
U/C is going south step by step according to Fibonacci level. Now good to sell because of some signals:
- 50% retracment
- Breakdown of short-term structure
- Pin bar on D chart @ 50%
Short targets on chart