Break
USDJPY - After the calm comes the storm - Breakout ideaHi Traders!
As you can see the market is in a downtrend.
The market is respecting the trendline which is coming from above.
The second area the price gives value is the support at 107.300.
The third thing you should consider is the 200 EMA, which is also above the market.
In addition, the market is in a consolidation - ranging in the 1H timeframe.
The support is getting weaker and weaker.
Why? Because: The more the price tests a level, the weaker the level gets!
How do we know there is calm in the market?
If you look to the volume indicator at the bottom of the chart, you'll find out that it is decreasing.
If you weigh out all these information together, you'll get the result, that the market is shortly before the breakout.
We recommend to sell the breakout with a confirmation (retest).
Thanks and successful Trading :)!
GBPNZD - SHORTGBPNZD looks to be in a range and a move to the bottom of the range could be on the cards going into next week
Support And Resistance – The House! EICHERMOTOR.----------------------------------Support And Resistance – The House!----------------------------------
Support and Resistance explanation:
Imagine that you are looking at a vertical cross-section of an "Old fashioned dolls house " which is shown in the schematic. Now you can see all the floors and ceilings in the house, and as you can see here we have a ground floor, first floor, second floor, and roof.
The market then moves lower, having reversed, back to the floor, where it consolidates.
The concept of Support and resistance is important for a number of reasons.
--> First, as we have already seen, a breakout from a consolidation phase can be validated with volume , and if confirmed, provides excellent trading opportunities . The so-called breakout trade s.
It is a WIN/WIN. You have the comfort of knowing that once the market has broken through a ceiling of price resistance, not only does this become a floor of price support, it has also become a barrier of price protection in the event of any short term re-test of this area. Any stop loss, for example, could then be placed in the lower regions of the price congestion. This is why breakout trading is so popular.
BTCUSD BreakdownThe price is now on the resistance line.
I expect BTCUSD to break through the nearest support line and drop to the lower support line.
USDCAD Re-continuation of TrendTrend line break for USDCAD with Divergence of the dollar index. Dollar made a higher low with USDCAD made a lower low. This is going to boom. Should be an easy entry for swing traders. Day traders will have a problem getting into this.
WATCH THIS TRENDLINEHey there,
please support this idea with your likes and follow me on TV.
Just mentioning the importance of this trendline and decending channel.
Watch out for a break to the upside, seems like bears are getting weak again
after this pullback from 7.500 USD.
Cheers,
Konrad
Break Flag USDCADSo, we see that the price managed to break the flag figure and now continues to move down.
I expect a decline in prices to the support line 1.377
NZDUSD will go for 950 pips downNZDUSD will retest a previous Support level @0.6253 and yearly up tren line that was broken down recently and will continue shorting as shown in the chart above
entry will be @ 0.62140
TP(1): 0.59540
TP(2): 0.565
TP(3): 0.5283
SL: 0.64268
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Good luck
Will Market Weakness hold back $TSLA?Ticker: $TSLA
Date: 2/23/2020
$TSLA is holding on extremely well amid market weakness on Thursday and Friday. Potential cup and handle pattern that could play out in these upcoming days.
We closed with an inside bar on Friday, with the HOD of 913.03 and LOD of 880.45. Those price will be crucial in making my entries for long or short, depending on how we break.
If we break bull, we need to break $944.78 to start this cup and handle pattern. If we break bear, I would just wait.
I would also watch the correlation between Tesla and the market closely. This CoronaVirus (COVID-19) is all over the headlines and is driving the market down. If that is the case in these upcoming days or even weeks, I would think that the overall market has underestimated the effect of the virus and the impact it has on businesses.
XAUUD short Big Drop (Trend Line, Supply Demand)Hello Traders !
Nice Gold Setup. We have seen Gold broken the Trend Line. Now it is at the Retest and there is also a Supply Zone.
I expect the price to drop till the next Demand/Support Level. Keep in mind to watch Price Action as always.
Confirmations:
1) Trend Line break and retest
2) Supply Zone
Let me now in the comment section below your view on XAUUSD and what you think about my Analysis.
Please leave a Like
Thank you and we will see next time
- Darius.
What I'm seeing on EURGBP!Gooday Traders! Price broke longternm downtrendline has done retest, hence im looking to buy!
USDCAD SHORT UPON BREAK OF TRENDLINETrade at own risk, I would sell as soon as the trendline shown is broken to be safer. May take time, but it is worth it with the great risk to reward ratio. Good luck and like if this helped!
S&P's Present Likeness to the Late 2018 Top.Pretty self-explanatory. Bars pattern copied has been adjusted in size. Continued likeness = potential drop to 2600 levels.
EURUSD, long after short.EURUSD is in a channel, gearing up for long, but in a short vision, i think it has to retest 1.09, target of the head and shoulders. After the big red candle, wait for a small pullback under EMA followed by red candle. or something similar. If it will show buyers' strenght, long on close above the head.
Bitcoin Analysis BTCUSD 1DBTC Daily Analysis
Important support area to confirm uptrend
with fibonacci projection zones depends of rejection point
otherwise if it is a false break we can continue bearish .
Indicators
- Simple Trend
- Ichimoku Analyzer
- Support and Resistance
- Pro Ribbon
- Premium 1
GOLD - Bull Break | EMA Support | Key .618 Fibonacci Level Hello Traders!
Today’s chart update will be on GOLD, which is testing a key Fibonacci level that must break for a bull trend continuation.
Points to consider,
- Trend bullish
- Major resistance - .618 Fibonacci
- Local support at $1367
- Stochastics projected up
- RSI hitting resistance
GOLD is in a bull market after breaking its key neckline on its long formed inverse head and shoulders. It has been putting in consecutive higher lows from lower levels when coming into the neckline.
Major resistance, the .618 Fibonacci needs to break to keep a bullish bias; historic price action tells us that this is a staunched level for Gold. Local support is around $1367; Gold can retrace back and retest this level whilst still maintaining a bullish structure.
The stochastics is currently projected up, still room for further upside momentum, no clear signs of topping out as of yet. RSI is hitting resistance, coming out of overbought territory; a retrace back to neutral levels is highly probable.
Overall, in my opinion, Gold needs to break the .618 Fibonacci level to avoid a double top formation, otherwise a retest of the neck line is highly probable.
What are your thoughts?
Please leave a like and comment,
And remember,
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
