Could be a big opportunity. USD seems to be getting weaker across all pairs.
price has retested and been rejected from resistance. Targeting fib levels
Another rejection from the top, I believe this pair is looking to retest the long term support below (blue box). First TP; Neckline of previous W-formation. Second TP; the wedge support level (green trendline) and with any luck a break below to the long term support. Look to sell short pullbacks next week, Price has yet to test the 38.2 fib level on the...
Pinbar on strong support coming off positive news from the RBA today. Looking for longs off a 4H pull back + break and re-test of small resistance above.
simple plan, current price action coming up off a strong long term support. good RR here with a few potential targets.
Going long on BYND, price has bottomed out after the sell off following IPO. Beyond turned their first Qrtly profit in Oct. My considerations though, lay predominately with Market interest, globally. A quick trend analysis on google shows that globally "Vegan" or "Veganism", is at an all time high. Demand for meat alternatives are growing, whatever the...
Price had a strong rejection at the 61.8 Fib, and returned under the strong montlhy Resistance/support. I would expect to see a retest of either level before a drop that would target the W-formation's neckline. Looking at the daily, the price remains in a strong downtrend, and could be in a possible b-wave of the ABC corrective waves. I believe a reasonable...
On the Weekly - price action remains under a strong level of resistance and is still in a strong downtrend. I hope to see strong rejection of the upper resistance and a fall to at least the neckline of the weekly W-formation below. A re-test of the resistance on the 4H/daily could put the price action within either a symmetrical or ascending triangle. it may...
Weekly shows an ABC corrective wave. Weekly price action is also in a downward channel, with a possible Wolve wave. the 5th wave of the Wolfe wave would find support in the channel and with a strong static support level established in 06'. On the daily/4H we can see a completed 4th Elliot wave, a re-test of the resistance could result in a truncated 5th and...
7000 is a strong level of resistance for the bulls, I believe the re-test will be through a truncated 5th, and provide a good opportunity to short to an area close to the 61.8% Fib.
Expecting a re-test of the upper res, then a drop to the 61.8% Fib, where the price will find a strong level of support.
expecting a small retracement, then a move down to the neckline of the H&S, from which i'll start looking for a long entry.
price has found resistance at the 61.8% Fib, expecting a rollback to supply zone where it would complete a ABC corrective wave before continuing on the primary trend.
banging against the downtrend (line). Seeing a little drop to breakout from the supply zone.
Chart shows it all, Short to 0.63400's - Then long to 0.64960-ish. Happy days
Just an idea, I'm looking at a long position around $1450's -$1460's. Let's see if it can hit $1800 on the monthly.