Just idea for the next few weeks. The DXY has been ranging from the 90.9 and 90.0 levels, consistently testing these range highs and lows as identified on the chart. The DXY currently sits at mid range. Is it going to push down to retest the support level allowing the RSI to reach 30% oversold, before rejecting and bouncing back to break the current down trend...
Over the past few months the pair has been well above the current value. It currently sits at 1.68760, the lowest level since February 2020. At or around this level the pair has a tendency to rebound to the upwards position. upon closer inspection of the current value, we spot a double bottom at the same level. signalling a move to the up.
Hi guys. Im very new to trading and investing using a demo account at the moment. Im trying out some technical analysis and have an interest to invest when im confident. Here is an idea I have for a long term investment for SSE. Im confident we will see a continuation in the bullish trend for SSE and Equinor following their joint venture project, Doggerbank wind...
This is an irritating one I think. There is definitely an opportunity to sell here. Just can't be certain exactly when. If you sell too early there could be a risk of panicking and closing too early. Sell too late, and you miss out on an opportunity. I guess that's just how it goes sometimes. Keep your emotions out of it. The European Union consumer price index is...
Possible head and shoulders pattern forming on the GPBUSD using the 4hr chart. Im waiting for a candle to enter the 'termination zone'. However, it cannot touch the top (this would discount the pattern as a head n shoulders, and could signal trend continuation or a double top). We also see these major levels of support that backs up my idea. Once these two key...
A strong upward movement followed by a retracement to the 50% fib level, forming a bullish flag pattern. Await breakout. Would love to hear your thoughts. This is my first attempt at analysing a penny stock so it could go either which way lol- invest wisely :)
i was bored so lets just see what happens... tehe head and shoulders on 1 hr chart double top on daily... major level of resistance at 140 level, that might become support.
Its my birthday and the charts look like they're gonna give me a nice gift :) Wait for a signal.
So i was doing some reading and came across a pattern called a rectangle top and as i was reading i thought and seen it somewhere. Characteristic: Discussion: Price trend Upward leading to the chart pattern. Shape Prices have flat tops and flat bottoms, crossing the pattern from side to side following two parallel trendlines. Trendlines Two near...
I missed out on a good shorting opportunity today. But other opportunities will arise. come out at a loss today so i clearly have much to learn. Here is how i think the coming weeks will play out. I think the pair will continue to fall to retest the level of support along the overall bull trend around the 1.203 level. Before bouncing back to form a higher high...
- Bearish on weekly, daily and 4hr - Bullish on 1hr - potential Doji on the 4hr Possible head and shoulders forming. wait for price to reach the 'termination zone'. Price cannot touch the top of the 'T zone'. this would suggest a bull trend. Once this rule has been met wait for an entry signal, Bearish candle stick. SL: 1.27652 TP: 1.26144 Would love to...
UPDATE: To better manage risk it Is important to wait for the pair to reach this confirmation line. Once it reaches or breaks above this level there is confirmation that a reversal is on the cards = Buy As I am new to trading and investing I do not claim to be an expert in any way, please trade at your own risk. :)
I don't normally trade forex as i want to avoid margins for the time being. However, i find the market interesting and useful to practice my technical analysis (which i also apply to stocks). Im new to trading and investing and practicing using a demo account. my analysis: - From the day chart we notice a bearish trend that has been gradually losing momentum...
Just an idea I thought I spotted before I turn in for the night. What are your thoughts? *I do not claim to be an expert in anyway. Trade at your own risk*