Hello Traders, recently price has broken through the minor support line and back-tested it. What interesting is that the level at which it touched the support line( resistance line now) is the 61.8% retracement from the last move down.
Additionally by counting the waves it seems that we are about to complete wave B and enter wave C. I am opening short and...
Hello Traders, price tried to surge up above trend resistance line but looks like it failed to do so, CHF re-entered the channel and formed a DOUBLE TOP pattern. I see it as a potential major trend reversal. I am entering short placing my stops above the "double top" pattern. My target is in the 0.9700 area. I am expecting some sort of consolidation at the...
Hello Traders, it seems like we have a valid BAT pattern formed and recent trend is about to reverse. I have set myself two targets with stops above X. Things will get more clear one price drops below trend support line.
Price has broken through the resistance line and has been consolidating above it for some time, to me this is a sign that an upward movement is more likely to happen. I've put my s\l just below last local low, target is set around the level of last major high.
Hello Traders, we have a good opportunity to enter shot on GJ, price has been hovering around trend resistance line and formed a nice BAR pattern. Entering short with stops above X, target is set at
the major support line.
Hello traders! We have a nice double-top on four hour chart, Euro just broke through the first support line and now sitting on top of the other. Ones the horizontal line is broken the double top structure will be confirmed.
I am expecting a rally and testing of the main uptrend support line. I have two targets set, the first one at 1.2220 and the second...
Hello traders, it has been a vigorous week on cryptocyrrencies market. After intense decline ethereum pulled back to previous resistance creating a small harmonic bat-pattern along the way. It is a good setup to enter short with targets set near new low. If this bat-pattern stays valid and realizes, there is a good chance that ETH might brake below major...
Hello traders, today is a good time to enter short on Brent Crude. H&S has been forming for the last couple of days. Today price spiked up but didn't manage to go above the neck like and retraced sharply, validating H&S pattern. I am expecting a swift move towards trend support line. Placing s\l above the right shoulder.
Day closes with nice spice and CHF has formed a good starting point to enter long, last formation looks live a perfect ABCD pattern. I set three targets, first one is current trend resistance line and the ultimate target is last midterm High.
Hello traders we've seen a plethora of ABCD patterns across the board this week, some of them turned out to be valid and it seems like we have another one. My plan for the coming week is to enter short with s\l just above current high. I am expecting the movement to be towards previous major resistance which is now a support( around 134.50), things...
Ok, so ETH had a breakout at point X, the first thing what we can expect considering it's current price action is a formation of ABCD pattern with completion at around 985 area, followed by a correction towards support line. My strategy will be as follows, I'll wait until price tests supposed point D price level after that I'll will enter short...
Possibly a good bearish bat has formed on this pair, if this is the case we can expect a strong rally. I have place my stop loss well above X, as you should bare in mind previous mid-term high around 1.36 area. I set my targets at 1.3320 and 1.3099
Looks like a good opportunity to enter short on Etherium, possibly a harmonic bearish gartley patter has formed. If the latter is the case we can expect a nice move towards 559 and consequently to 401 area. On the way down some sort of consolidation can be expected at the price level of point C ( 659 price level). I am entering short with stops...