The next week and USDJPY will be able to provide us interesting sell opportunities based on the daily and lower timeframes. The market made a strong upward movement. It was possible to buy from 108.430 based on a breakout and hold long positions up to 109.715 resistance level. We should be ready to see a reversal from this resistance, and it will be a sell...
Here is another market that also follows Bitcoin. The price bounced from SMA50 and moved downward. As we have the support zone not far from SMA50, the market doesn't have room for the falling. We can get a buy opportunity faster. The support zone is formed by 14.00 support level and the local uptrend line. Be ready to use a reversal candlestick pattern of just...
The market followed Bitcoin in the upward movement, and it can follow it in the period of correction. If you look at the daily chart, you can see that the price bounced from SMA50, and we have several bearish candles. It tells us about the correction in the market, which is going to build a new uptrend. We should be ready to see the downward movement to the...
We have a failed attempt to develop the upward movement after the breakout above 8000.00 resistance and SMA100. It is an absolutely normal situation, and you should not be surprised. The market is going to move downward, and it will be a correction movement in the bullish structure. RSI confirms the price reversal from the resistance zone. MACD histogram is going...
The price moves back to the support zone formed by SMA50, SMA100, and the local uptrend line. As we can see the market tries to develop the uptrend, and we have reasons to think that the market is bullish. If so, we should wait for a reversal from the support zone. It will give us a new buy opportunity in the direction of the uptrend. During the next week, the...
The daily chart forms a triangle, and we can use this pattern for trading. I can offer you the following ideas about how we can use this pattern for buying and selling. It will be possible to buy based on reversal signals from the support zone formed by the local uptrend line and SMA50. For this, it will be better to use hourly charts in order to have enough...
In spite of the false buy signal based on a chart reversal pattern from the 1H, the daily chart tells us about the upward movement. The price is going to bounce from the support zone between 1.44500 and 1.44100 levels. RSI and MACD will confirm this reversal. DMI does not support the further downward movement. If so, we have reasons to buy. But don't forget that...
This is a market which can be interesting for buying during the next week. It gives us a trend reversal signal based on a bullish divergence. RSI confirms the price reversal. MACD supports the further upward movement. DMI is bearish, but it does not confirm that sellers are strong. If so, we can search for buy signals using the daily and lower timeframes.
I missed this trade, but I would like to show you how the idea "trade against the main trend" works and how profitable it can be. Of course, it is high-risk trading, and you must have knowledge and experience. The price reached 71.00 level and bounced from it. We got a trend reversal signal based on a bearish divergence. RSI and MAD histogram confirmed the...
The price moved downward, following the bearish signals from the daily and the 4H timeframes. You can read more about them in the related ideas. Now let's try to understand the further market movements and how we can use them. The price broke 1558.00 support level and the local uptrend line. It gave us another strong bearish signal. The market started the...
This is a market review for a short term movement. We use the 1H chart, where we can see a possible reversal. The price reached the support zone formed by SMA100 and 1558.00 support level. This zone can stop and push the price a little bit higher. The max level we should expect is the previous high at 1612.00 level. If you like high-risk trades, it is possible...
I wrote about buy opportunities from 7100.00 and 7600.00 levels. If you missed that reversal and breakout signals, now you should wait for a pullback and join the uptrend after that. I want to show you another approach on how to get new signals for buying. Let's use the amazing trend following Ichimoku indicator. The price reached Senkou B line. It is the line...
The price reached the support zone formed by 74.00 and SMA100. The market is going to provide us a reversal candlestick pattern. If so, we will get a new buy opportunity. In spite of bearish signals from indicators, we can use lower timeframes and search for exact buy signals. This market should be added to a watchlist.
Here is another market, which I want to add to a watchlist. The same pattern as we have in AUDCAD market. The price reached 0.66500 support level. The market is going to give us a reversal candlestick pattern. If so, we will have a possible buy opportunity. It will be better to search for exact buy signals using lower timeframes. The market has room for an upward...
About the Gold market based on the daily chart I wrote yesterday. You can find this post in the related ideas. It will be good if you read it in order to see the whole picture. In spite of a new high, I still follow the same idea that the market is overbought, and it will correct the previous upward movement. We have only news, which pushes the market higher and...
There are following reasons to think about opening long positions: - the price is going to bounce from 0.89000 support level - the price dropped below the Bollinger Band, and it will move back - the deep downward movement, which should be corrected - we can get a possible reversal candlestick pattern. The market gives us buy opportunity based on the daily chart,...
It is a very simple trading idea. Ethereum is the most reliable altcoin that we can use now. It means we can use it for long term trading. If we look at the weekly chart, we will see a very good buy opportunity. The price reached the bottom. The market is going to reverse. We have bullish signals from RSI and MACD histogram. If you believe in crypto, investing...
It depends on the timeframe we are talking about and which tools we use to describe the market conditions. But what is exactly true in the daily timeframe, BTC tries to start a new uptrend, and we can see these attempts for 2-3 weeks already. We have these bullish signals: - the trend reversal signal based on a bullish divergence - the breakout of the daily...