Accumulation is seen just after a 90 degrees vertical fall.
Potential Long Setups:
Aggressive Trade would be buying at the break of the accumulating yellow rectangle.
Conservative Trade would be buying at the break of the blue resistance level.
If Support level is broken, Setup is Invalid.
The Trend is your friend. We, as traders hear that all the time. Time to apply.
50 EMA is below the 200 MA and the 200 MA is sloping downwards signaling the continuation of the downtrend.
A Bearish Rising Wedge is forming near the previous broken support that became Resistance.
A third touch followed by a break of the wedge confirms Sell entry with an...
Finally the consolidation that lasted about 4 weeks broke higher.
The 50 EMA is above the 200 MA and both moving averages are pointing higher. A strong sign of a healthy uptrend.
We have lots of odds on our side that this time it is not a false breakout because we had some nice accumulation near resistance followed by an impulse.
Buy Entry suggested near the...
We are in a clear uptrend that is for sure.
The 50 EMA is way above the 200 MA and we have a strong uptrending channel on the H4.
However, Price Action at this moment seems overbought and people need to T.P.
If the small bearish ascending triangle breaks, Sell Entry is suggested near the 0.9900 mark for a strong 1:3 risk to reward trade with T.P just above...
Price breaks a minor resistance level which becomes support. The 200 MA also acts as support.
50 EMA is above the 200 MA confirming a short term uptrend. But because the 200 MA is flat and not pointing higher I would be conservative when T.P.
A bullish engulfing pattern confirms entry for a quick 1:2 risk to reward trade just below the next major resistance...
After 5 bounces on the trendline, we finally have a break.
A short term downtrend is confirmed with the 50 EMA crossing below the 200 MA.
Sell Entry is suggested near 1.2190 for a strong 1:3 risk to reward trade and T.P just above the next support level.
This is a high quality setup because we have strong confluence at Entry:
- Support Trendline becomes...
