hroob

hroob

This trade set up is based on 4h chart Thers is a potential Cup with Handle Pattern on EUR/JPY 4h chart. It's a continuation pattern that makes a consolidation period before followed by a breakout. Currently, we have a cup and the handle but we need a breakout of the handle resistance line to confirm the pattern. How to Trade Cup with Handle Pattern? Wait the...

hroob

This trade set up is based on 4h chart As you can see from the chart, the pair is trading in falling wedge. The best way to trade such pattern is to wait a breakout in either directions. Aggressive traders can also trade between upper and lower lines provided that they use proper risk management. Trade Wise and Good Luck,

hroob

Watch out this pair very carefully as it's trading now near the downtrend line. This line proved to be stiff resistance. The pair is more likely revisit the support structure as long as it is below the downtrend line. Today,the price has rebounded from 1.35 support. However, it's still trading below major moving averages. If it manages to break up the line,...

hroob

USDCAD is trading below the moving averages and the downtrend line. It got rejected from the downtrend line last week which suggests that the bears are selling at such levels. A retest of the support level will be on the cards if USDCAD can't handle these resistance. I think this level will be a good place to buy. On the flip side, my bearish view will be...

hroob

The pair broke up the upper line of the rising wedge two weeks ago. Since then it has been trading in rotation with resistance 0.94 and support 0.9285 Also, the broken upper line of the rising wedge is playing now as support, if you look to the chart , you can see that this line hold the price three times before. If price breaks down the support, the lower line...

hroob

In the daily chart of EURGBP, Cup and Handle Pattern started to appear. It's a continuation pattern. The price may pullback towards the blue curve before rising again. Our profit targets will be the Fibonacci levels as shown on the charts. If pairs breaks under 0.8860 the trade set up will be invalided.

hroob

This trade set up is based on 4h chart. The pair is trading inside a channel. Also, it is below the moving averages. Our trade set up is: Short the pair on the upper line of channel with first target the support structure. Stop loss above the upper line. Good Luck!

hroob

AUD/CAD is trading inside a rising wedge. It's a reversal pattern. The pair is also at strong resistance. We are looking for a breakout of the lower trendline to open short. Aggressive traders could also go short when price touches the upper line with stop loss above the resistance level. Daily traders could trade between the wedge lines, but should use stop...

hroob

As the sentiment in the whole Cryptocurrency is weak at least in a short term, Ethereum couldn't scale above the moving averages. Both the 50-day EMA and 20-day EMA make it hard for ETH/USD to advance. Moreover, Ethereum lost the battle with moving averages and breaks down the uptrend line 1 and $190 level. It's a 61.8% Fibonacci level of the rally from $80 to...

hroob

NEO finds it difficult to clear the 20-day EMA. Also, it bounced back from the 23.6 Fibonacci level at $12.35 for several times. RSI is in the middle, testing the resistance line. The only support left is the uptrend line, which price tested numerous time before. It is a very important support for the bulls. If it is broken, it will trigger many stop losses by...

hroob

XRP is attempting to clear the 20-day EMA. It is the main major resistance right now. If traders succeed to take XRP above the 20-day EMA, it may go up to 50-day SMA, where traders may face stiff resistance. Ripple will take a boost when both moving averages are scaled. Above the moving averages, traders should target $0.45 and $0.50 levels respectively....

hroob

ONT faces strong resistance from the 20-day EMA. Also, ONT is trading below all the moving averages which shows the bears have the power at least in the short term. ONT has corrected close to 78.6% of the entire rally from the low of $0.40 to $2.17 and this is also a negative sign. Although ONT has rebounded from the uptrend line, the 20-day EMA needs to be...

hroob

After a sharp decline NEO has rebounded from the uptrend line, which shows that the bulls are ready to defend this important support. The pullback from the uptrend line witnessed a strong resistance from both the 100-day and 200-day EMA. They are nearly at the same level. If the bulls scale above the moving averages, NEO may rise towards next resistance zone...

hroob

Like other Cryptos NEO/USD has declined more than 50% since July 26. It fell below the moving averages. The pair is trading now at $11 just above the 200-day SMA. The first resistance can be seen at $11.35, it's the 61.8 Fibonacci retracement level. An upside break up can trigger rise towards next resistance at $13.19. On the other hand, if NEO/USD slips below...

hroob

The main trend is still bullish in the daily chart. WTI crude oil is trading above the major moving averages. Also, RSI at 60 which indicates the bull have the upper hand and Parabolic SAR confirms the bullishness. On the other hand, USOIL could not clear the $60.85 level in the last two sessions last week. It's a Fibonacci retracement level . If USOIL manages...

hroob

Ethereum has been trading inside a channel in the last two weeks. With $140 upper resistance line and $130 support line. Also, it is trading above the moving averages which is quite positive. Our trading idea based on a breakout above the resistance line. If the price penetrates the $140 level and closes above it , it will give us a trading opportunity to open...

hroob

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases. After a sharp decline, Ethereum has broken down both the 20-day EMA and the 50-day SMA, this is a bearish sign. However, it found support from the trend line 1. If this trend is broken the decline may extend to $464 level, it's 78.6...

hroob

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases. Ethereum has broken down the uptrend today, however, it found support from the 200-day SMA. If Ethereum finds it difficult to come back again above the uptrend, it may sink to test the $614 level, below it the 50-day SMA will be the...