All technical indicators have been in the oversold area for a long time
This is a strong support area on both daily and weekly charts
Nothing lasts forever
The market will go up with suspicion
The weak buy signal on H4
This is characteristic of price after a period of sharp and long decline
Simple setup by price action analysis
No indicator, naked chart
-Price hit the support line and retesting it
-Price has broken the down channel
-Hammer candle appears
Price will continue to rise
Using a smaller time frame to get good entry points
R:R about 1:3
I think the price may be adjusted down before rising again
There are some signs of this
On daily chart:
- Gartley pattern appears
- Triple divergence of Stoch
- Shooting star at the resistance. However, this is a weak candle
On H4 chart:
A month ago, I said oil price would fall back to $ 40-42 per barrel
The lowest price of this decline is $ 42.07
At the moment, I see some signs that price is rebounding
On daily chart :
-It still activates in a descending triangle
-Price touches the support lines and bounce up
On H4 chart :
Price was the down...
On H4 chart:
- Fakey pattern appears
- Price is at the end of the falling wedge pattern
- The momentum of MACD is going up
Opening the buying position with this pair.
If you trade safely, wait for the price breaks the falling wedge, then buy.
Entry : 1/2 the last candle (in Fakey)
SL : the bottom of last candle
TP : unlimited
This is what we are looking for.
We have a double top pattern.It is a false break.
Price was rejected twice.
I look at the EUR / USD pair,USD/JPY pair, they are also at the end of the pattern.
I also do not expect too much Fed will increase interest rates next time.
Let's take a look back at the last time the Fed raised interest rates, how the...
On daily chart :
-Fakey pattern appears
-Price is at the demand zone and an intersection trenlines
-Price is at the end of the falling wedge pattern
Target 1 :112.5
Target 2 :116
Target 3: 118
Can be buy with this pair
If there is another pin bar appears, your job is just to re-order.
The stop loss will be placed at the bottom of the last pin bar
If you trade...
Since 2008 the trend is still down. Now prices are in wave 4, I anticipate it is coming to an end
Wave 2 is a ziczac wave, so wave 4 is a descending triangle.This is only the alternative rule of elliott waves.
Range : 1.1400 -1.1500 with the very strong resistances in the upper side
This is the consolidation zone of the descending triangle pattern and long-term...
This is a pair that I have not seen the price pullback after a very strong downtrend
Prices have fallen back support level.I see some signals that prices may increase
-Prices have been retest 3 times .It looks like a triple bottom
-The shark pattern is now completed
-MACD also has to signal
If the Gold / Usd pair continues to rise next week, this pair will...
I saw the opportunity at this pair.We can open the selling position here.This is the confluence zone of many signals
- The shark pattern is now completed
- The Triple Divergence
- Intersection of trend lines
Entry, SL, TP ,it's up to you.
Do not forget the stop loss order.You have a nice setup, your order can still be a loss order.
We are likely to see a weak dollar in next week
Prices has risen for a long period and need to be adjusted
The price will fall back to around 111.5 and we will open the buy position again
The worst case prices can be down to 110
However, I do not appreciate it
All pre-existing positions at low price range can continue to hold
Prices will rise to 118-120 in...
Prices have broken the up channel, sure.
Closed the weekend we see a pinbar, It is created in demand zone
If the price rechecks the bottom of the pin bar and does not break it, then we can buy
We still have to wait
Maybe we need some more candles to confirm this.
However I think this is a zone high price reversal.
The main resistance zone is located in the upper...