We have active long positions in this market already, and they were based on a reversal chart pattern as Inverse Head & Shoulders. The price broke the neckline and gave us a buy signal. If the price drops below the right shoulder, long positions will be closed, and we will search for new trade opportunities. If the market follows the reversal chart pattern, we...
It can be a very good buy opportunity. The price reached the local bottom, and we should be ready to use a reversal to open long trades. If the price bounces from the support, it will be possible to buy with stop orders below 2.00 level. The market can start a new uptrend or just continue the sideways movement in the borders of the horizontal price channel. It...
The situation in the Silver market is close to the situation in the Gold market. Let's look at the daily chart and try to find possible trade opportunities. The price reached the resistance zone between 18.25 and 18.50 levels. We have reversal candlestick patterns. RSI is in the overbought zone, and it will be able to give a strong sell signal. MACD histogram...
The Gold market is hot now, and that's why we should focus on it. I wrote about Gold yesterday, and you can find that post in the related ideas. Today, I would like to talk about a possible reversal in spite of a breakout above 1558.00 resistance. We can see that the daily chart gives us a reversal candlestick pattern. RSI is going to reverse in the overbought...
It is a very good example, which explains how to trade against the main trend. The price reached the upper line of the price channel. We got a trend reversal signal based on a bearish divergence. RSI is bearish, MACD supports a possible downward movement. If the price breaks the local uptrend line, it will confirm the downward movement. The market will be able...
What's new in BTCUSD market? I wrote about buy opportunities based on breakout and reversal signals in the previous posts. You can find them in the related ideas. That trading ideas are still workable. As for the situation which we have now, the price is at the resistance zone formed by 7600.00 and 7700.00 levels. Also, we have SMA with 500 period not far from...
The price broke the previous market high and moved above 1558.00 resistance level. Thanks to fundamental reasons and news. What does it mean for us? Should we buy and catch the uptrend? No. Buying in the overbought markets is not a good idea. The market has opportunities to move higher, but long positions had to be opened below 1500.00 based on breakouts above...
The price reached the bottom formed by 1.08300 and 1.08100 support levels. RSI confirmed a possible reversal, but this signal does not come from the oversold zone. Anyway, the market can bounce and move upward. MACD histogram supports buyers. If the price stays above 1.08100 level, it will be possible to think about buying. For this, we can use the daily and...
Here is another market but the same story as USDCAD provides us. The market looks oversold. The price reached the support level at 0.96500. RSI confirmed the price reversal in the oversold zone. MACD histogram gives a bullish signal. What does it mean? It means that this market should be added to a watchlist as it will be able to provide a good buy opportunity.
The market looks oversold, and it is at 1.29500 support. RSI is in the oversold zone. MACD histogram gives a bullish signal. What does it mean for us? The market will be able to provide us a good buy opportunity based on the daily and lower timeframes. The market should be added to a watchlist. If the price breaks the high of the previous bullish candles, it...
I don't like this buy opportunity too much if we use the daily timeframe as well. But based on the 4H we have a very interesting buy signal. The price bounces from the support zone, which is formed by 0.86250 support and SMA200. RSI confirms the price reversal, and the same goes about MACD histogram. We have a good buy signal based on a bullish divergence. It...
The price broke the local uptrend line, and it gives us a bearish signal. But I don't think that selling is a good idea. The weekly chart supports buyers as the price is at SMA100. The daily timeframe gives us a support zone between 1.59000 and 1.59700 levels. In order to continue the downtrend, the price will have to drop below the support. RSI doesn't...
The market should be added to a watchlist. The price reached the support zone formed by the daily uptrend line, 74.850 support level, and SMA200. We can see two bullish candles which confirmed the price reversal. The same goes about RSI and MACD histogram. The market looks oversold, and an upward movement will be logical in spite of the previous bearish candle....
What is new in BTCUSD market? Let's look at the 4H and try to predict the further market movement. The price bounced from the daily downtrend line and 6900.00 support level. We can say that it is a new support zone for the market, but I don't think it is solid and that we will have to take it into consideration in the future. For us, 6500.00 and 6000.00 support...
The trading idea is based on a trend reversal signal, which gives us a bullish divergence. If the price breaks the local swing high, it will confirm the further upward movement. RSI is bullish, and the same goes about MACD. Entry Price: above 0.175 Stop Level: below 0.145 Profit Level: at 0.265 Risk per trade must be no more than 5% of your capital.
The market gave us a trend reversal signal based on a bullish divergence. If the price stays above 12.00 support level, we should be ready to see a new uptrend. Of course, everything will depend on the direction of Bitcoin. DMI tells us about the bearish market. But MACD supports a possible upward movement. If the price breaks the local swing high, it will be...
In spite of the strong upward movement in the structure of the uptrend and bullish signals from MACD and DMI, I would like to search for sell opportunities. The market has made a good upward movement, and now it looks overbought. RSI line reached the overbought zone, and we should be ready to see a pullback soon. If you want to buy, you had to do it based on a...
The market should be added to a watchlist. It will be able to provide interesting trading opportunities based on the daily and lower timeframes. The price reached the support zone formed by the local uptrend line and SMA with period 200. If we get the reversal, it will be a bullish signal and a new buy opportunity. Long positions can be opened based on the daily...