NZD/USD - Long (intraday)Since nzd/usd is on a bull run and with the help pf parallel uptrend channel on a 5 mins chart, I have taken long until the next resistance zone.
5mins
ETH USD PLease Hold your Longs!Hi All Since these are my first few posts on Trading view so If could could kindly give me a link and feedback if you like and agree, and if not please still comment, share and help support much appreciated !
So today ETH has reached another ATH against USD with high being at $3619 which is incredible bullish gains for ETH and means ETH will continue to the Estimated $7000 in 2021.
Amazing for ETH as predicted alreading in 2019 and but I know you may not like to read this idea, BUT I notice on todays chart that there is a Bearish divergence arising on the 1hr chart.
This can be seen from the resistance and support levels on RSI indicators and can be seen on the Uptrend analysis on the charts. On the charts I have included these lines to show, We can also see that today ETH had a very long bearish red candle which we shorted all the way down to the EMA line at 4020. It did not go lower than the EMA, FOR NOW! So with with this bullish divergence new, it could mean that we see a regression down to the bearish divergence which I have measured is at 2800 .... AND if we break this, then we could try to break ETH's support which is at 2500...If ETH breaks this support line, signals a Bearish market... Also on the 1D daily chart we have a Red very Bearish candle forming, which has a few days to run down to the EMA level and lower....
Sorry to inform!
Be prepared for a correction or perhaps a bearish trend down to at least 2500, However if ETH does not break below the EMA at 4200 when we see another red bearish candle, than expect that ETH could potentially continue up higher, Im bullish on ETH reaching ATH at $2700 right now in the few hours....
Have a great day
Possible scalping entry for EUR/USD (long)There is a possible market entry for scalping in EUR/USD.
Since the price make a nearly perfect of cypher patter in combine with fib retracement.
Go long for now and place a TP in the price of where the 0.786 fib retracement is + mayor resistance (black line) + the end of D line of chyper pattern.
Good luck! ;)
Bullish Gatley pattern XA retracement of 0.786 complete with AB projection of 1.272. I have placed risk at XA projection at 1.13 and target AD retracement at 0.382
Note : I am a intraday trader i trade on 5min chart for publishing I placed on 15 min chart
WTI Oil H&S 15 min ChartPatterns over a weekend are quite dodgy but let's see how this plays out. Head and shoulders forming (or arguable already formed and we're on a second right shoulder). So anyway the crucial thing is, do we break the neckline, and then will we hit our price target (calculated from the height of the Head from the Neckline) before we hit our stop (high of the right shoulder)?
Interested to see. Anyway, the alternative scenario is the price breaks out of the green line and above the right shoulder. That would seem to indicate we're consolidating for another move up.
