**Daily: ** Forming higher high and low. Breakout of the resistance structure as well. MACD tells uptrend with more momentum is being added. **4H:* * price moves higher and higher. Breakout the resistance as well. MACD shows little momentum before the breakout, which is a buildup of breakout, and potential is not a fake breakout. **1h:** MACD shows sign of...
** Weekly :** Forming new swing high and lows. Also retesting on previous resistance. * *Daily :** Formed higher high and lows as well. Recent bullish candle retest at previous resistance, which is also 50% of Fibonacci from previous low to high. MACD indicated a bullish momentum is added. * *4H: ** Similar to daily chart, it is forming higher high and low in an...
Yesterday, I expected a possible retracement according to the strong area of resistance. However, the price managed to break above, which confirmed the bullish trend is controlling the market. At this point, I expect the price will continue to create higher low and higher high. **What to do now? When to buy?** - Buy when the price formed higher low - Enter when...
Daily: Formed a head and shoulder pattern, currently approaching the support zone. 4H: -Lower high and lower low are being created. Bearish momentum might take over soon. - Short-term trend line also broke downward. - MACD indicates the strength of bearish is getting stronger. Possible scenario: Price might re-bounce on the respected support zone,...
Weekly: formed an overextended W formation, currently in correction stages with an ascending upwards channel. Daily (bullish): - MACD shows strong bullish momentum. - approaching the trendline and resistance zone - BB just retested the middle band - Creating higher high and lows ...
Selling idea based on: 1. Breakout of the trendline and strong support zone 2. MACD bearish shift 3. Possible breakout of the 200EMA Hence, we shall enter the trade when retracement happen at the previous support, and monitor the price action closely in respect to the 200EMA.
The circled area has fulfilled these criteria: 1. Nice confluence of support and trendline, 2. 200EMA support, 3. bullish engulfing candle, 4. MACD shows weak sign of the bearish trend Currently, the short-term downtrend in 1 hr has broke upwards and the price moves into a correction pattern. Also, the price currently approaching the middle band of BB which...
Selling idea based on: 1.Confluence of trendline and resistance zone 2. MACD is about to cross on the 1h 3. candlesticks show weak bullish sign, which can be prepare for a short-term trend change
Daily: the price has been very bullish over past few days, a retracement is definitely possible! 4h: it still remain bullish and it broke on the strong area (red zone), but the new candle has a very interesting price action to monitor. It could be a potential sell. 1h: still forming higher high and lower. **What to do? when to sell?** - 4h candle close below...