With the aggressive downside move this week, buyers trying to take back control of market, but bears are not finished. I think bear market is upon us as weekly structure has been taken out for BTC . PA is without question trending down with price below the 4H 50 EMA , and consistent lower lows, lower highs. Good time to sit back and wait for the next short...
They say "hell hath no fury like a woman scorned", (a misquotation from English playwright William Congreve (1670-1729)). Had XRP been around during those times, Mr. Congreve would probably have used her as a focal point for unbridled and reactionary contempt instead. Long or short, the probability of getting rekt is quite high with XRP but if you understand what...
$TSLA Bearish Spinning Top candle falling back on the 50 EMA after being rejected by resistance Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The...
Money Makers! GE has been trading in a horizontal channel for a very long time. It recently was rejected from moving higher and is currently attempting to bounce off the 50 EMA. If the 50 EMA fails we can expect it to move lower to retest the bottom of the channel again. Love it or hate it, hit that thumbs up and share your thoughts! It's all about Market...
A perfect entry would be a 50% pullback from the previous high to a price between 12 and 13 cents. I expect that the price will meet the 50 EMA at this zone. Look for 50EMA retest and go long to 0.30 cents. But if the price breaks and close below the 50EMA look for a further downside and a change in trend.
Price has been respecting this channel for many days and today we have seen that it has rejected the 50EMA. Expect an uptrend at least to 1910! Don't just copy trades. Trade wisely.
The long-term trend may be short but hear me out, on the 1H timeframe the price rejected the 50 EMA and is trying to break the 200EMA. On the 4H timeframe, we may have a gap close between the 200EMA and 50EMA if it succeeds in breaking it. What adds some confluence is that we have an area of interest (purple line) where the price bounced many times before. Enter...
USDCAD has reached the 1.38600 support zone and is showing signs of rejection. If bullish candle closures remain then I can see buying at these levels should prove profitable. There is a 1hr bearish trend in play (trendline shown) so watch for price reactions there. If that TL breaks to the upside then 1.40200 and even 1.42500 could be achieved. The dollar us...
Looking at my previous EU sell which went as expected and fell past the target 2, having seen that the price has several times retested and failed to break the ascending trendline. I would be looking at some further downside potential on this pair, hopefully down to my original target 3 area.
I am looking at the potential for a long term buy & hold on GBPUSD. There is a nice daily wedge pattern forming with price being supported by a lower bullish trendline and the daily 50EMA. Multiple daily wick rejections are forming at this current zone and I think we could see a push upwards and break of the upper wedge trendline. Risky entry = buy now and...
Nice consolidation forming on USDCAD and now I think its ready to drop again. Price has rejected the 1hr 50ema, Fib 0.382 retracement level and the bearish TL (3rd touch). Looking for new lower lows to be made now.
Nice 1hr bearish trend forming on gold. The bullish 1hr TL and 50ema have been broken. Price is now retesting the daily pivot level, 1hr 50ema and previous support at $1498 I am looking to short gold on these 1hr pullbacks back down to the previous lows and support at $1460
Simple short trade. Nice and clean waves on the 1hr timeframe and using the 50ema for help. Looking for $1475 as my target profit for just over 6:1 RR
Nice set up forming on USDJPY with multiple timeframes coming in to alignment. Daily timeframe is producing a new lower high with price rejecting the fib 0,786 retracement level and a previous bullish trendline to act as resistance. I will wait for the 4hr chart to produce a trend reversal set up before entering. I want a lower low and the bullish 4hr trendline...
Analysis is on the chart.
I am attempting to short US Oil again but this time I have the added confluence of the CTL being broken and retested. Another bearish wick rejection of the trendline and daily 50ema occurred yesterday swell. This gives me greater confidence. I am still targeting $51 per barrel