Price has made an extended move higher in this market and is now testing the crucial daily resistance level. The last time this level was tested was at the start of the year trying to make new highs before the markets went crazy. It is pretty incredible to think we are already back at this major resistance, but it looks to hold the key for the next major move. A...
Nice intraday rally back into the overhead resistance
-Price in NZDCAD Daily and 4 Hour Charts has just broken lower and through a pretty important price flip level. As the charts show this level has held previously as both a support and resistance level. If price rotates higher back into this resistance we could watch for bearish price action triggers to get short. THANKS FOR YOUR LIKE AND SUPPORT
Another example for the cup and handle pattern
If anything on the chart is unclear to you, please refer to my tutorial on cups and handles. Or ask in the comments. I will be happy to read and answer your comments and questions. Don't forget this is for monthly time frame. And we have to give it time to complete the pattern. Preparing these posts requires a lot of time and research. And you can easily...
Resistances and supports based on simplified Volume Profile
Diamonds Chart Patterns Explained The diamond chart pattern is a very rare and exceptional form of chart formation which looks same like the head and shoulder or an inverted head and shoulder pattern. It is a reversal pattern which appears in a V shape . The diamond patterns will not frequently occur in the market bottoms and it usually takes place during...
ASCENDING TRIANGLE CHART PATTERN
Bullish Scenario: Price reject from the bottom line of the Trend channel To confirm this scenario, the price must go above 2050$ level after reject Bearsh Scenario: Continue correction to 1975$ support level This scenario is confirmed if the bottom line of the channel is broken Thanks for your like and support...
LONG SETUP ENTRY POINT : 11100 STOP LOSS : 10850 TAKE PROFIT 1: 11850 TAKE PROFIT 2: 12000
The price returned to the area after breaking the neckline. Preparing for rocket launch THANKS FOR YOUR LIKE AND SUPPORT
POTENTIAL BREAKOUT RESISTANCE LEVEL : 1980
These four pretty perfect rejection have created a price action pattern You can trade between resistance level and support level And make a lucrative trade when the price breakout of these level
Long term overview (monthly) This analysis is for Persian language traders. I apologize to other friends. I will post the monthly English technical analysis soon thanks for your like and support