The pair is again at the long term ascending trendline (purple line) coming all the way from 2016. We can see this is the 3rd time in recent times that it is being retested. RSI confirms that the pair is gaining momentum. A retest of the higher part of the consolidation area (rectangle) is on the cards as it is also an area of resistance. If that is broken we can...
The pair is at a very very interesting spot. As we can see the D chart has formed an inverses H&S right at a resistance area that is about to be broken (or not). RSI confirms the pair is gaining strength. I want to see the neckline breaking and holding, that's when I will go long. My target will be the 77.5 area which is a very strong area of resistance. Lets...
After breaking the corrective channel the pair seems to have found support again. Although it is not a very strong area of support we can see that this area has been rejected twice last month. RSI also seems to confirm that a bigger corrective move might be in the cards. On top of that the pair printed a doji yesterday. All those factors combined make me feel...
The price of the pair has rejected the descending trendline once again with an engulfing bearish candle. We have two scenarios here : - Rejection of trendline + engulfing bearish -> We are not in an area of strong support so the price could easily keep falling until the 1.2365 area where support is a lot stronger. - RSI divergence -> We have an RSI divergence in...
The pair finally looks ready to move lower. We have printed a sizeable red candle yesterday at a very strong area of resistance and we see a clear RSI divergence marked by the purple arrows. What Im looking for to enter this trade is something like this (check below 4H chart)
The pair has finally broken the corrective channel. I expect it to go as low as the long term trendline where we might see a double bottom or break through it and keep going lower. The price action Im expecting is something like on the below 4H chart. We are also seeing a H&S formation on 4H so the price might just continue lower for a bit before it makes a small...
WTI Oil has reached an important area of resistance. The pair has also formed a Doji on Daily Timeframe. A correction is expected to the next support area of 58.25. This is a counter trade so be very careful as the price could continue to shoot higher specially after it broke the descending trendline and the price is still hovering above support in 4H chart. I am...
Double top formation and RSI divergence on Daily. Probable retracement to the ascending trendline and horizontal support at 10000. Once it gets to this area we could probably search for buying opportunities. I DO NOT SHORT CRYPTO. At the moment the 11800 support seems to be holding. This needs to break in order for this idea to be valid
The pair is gaining strength but we can see the possible formation of H&S pattern at the resistance area of 1.625. I will keep this pair on my watchlist. The way I am intending to trade this is wait for the price to reach that area of resistance and look for bearish candlestick formation and/or confirmation from RSI/MACD.
The pair has formed two long wicks in a row in a strong area of resistance from where the price has retraced several times in the past. I expect the pair to retrace all the way to the next area of support where the pair has bounced from several times in the past.
After breaking under the support area the pair has rallied to an important area of resistance from where the price has retraced several times in the past and has formed a big bearish candlestick. I am expecting it to retrace all the way to the support area where the price has bounced from several times in the past
The pair has rallied to the 50 fib retracement that also was the 50MA on D. Although the pair went above the resistance ( yellow line ), it closed the day below it printing an inverse hammer. All that makes me think that the pair is ready to continue its downtrade probably to the 1.673 area and maybe even lower to the 1.6625 area. On the 4H chart we can see how...
After printing a hammer candle and closing at support yesterday the pair has broken the descending channel. It will face resistance again on the descending trendline but if that is broken the price can rally to the next resistance at 0.6720 We see in the 4H chart how the price has gone through the descending channel and has broken the structure. That is a very...
After long downtrend the pair seems to have find a bottom. We can see that it has formed a flat since the end of June but RSI gains strength. Now, MACD also confirms that the pair is ready for a leg up. The area 1.265 would be a good place to take profits as it is not only near an area of resistance but will face the 50 MA On the 4H chart we can see how the pair...
The pair seems to have found a bottom. Both RSI and MACD confirm that. We have also printed a small hammer candle yesterday near the resistance area. If that 1.36 area is broken and holds it will be a good signal to go long. It will face some resistance with MA50, if broken 138.8 is a very reachable area. It is better illustrated in the next 4H chart. We also see...
After a perfect bullish move Brent Oil has reached an area where is facing horizontal resistance, downtrend resistance and it is at the upper end of the uptrend channel. I am foreseeing the price to come down to the lower end of the channel, at around 64.6 area where it will also be the lower end of the channel. On the 4H chart I want to see a break of...
The pair printed a big hammer yesterday, breaking support and recovering to close above it. If the 108.25 area support holds we can open long trades with the possibility of reaching the 110.10 area. I will be looking to open long trades if there is a break of structure (marked by a black line on the below 4H chart). 4H is supported by both the 50 and 200 MA and a...