-we have a 4 hour timeframe uptrend since the (10th November) -on the 15 min time frame a downtrend has been broken after testing the major timeframe trendline -if it breaks above the 62.28 resistance of the previous high, which we had before the breakout of the trend line, and retests in on the 5min time frame and holds and breaks a 5 min pattern on the long...
Hi everyone, In my last post, I explained why we are still going to the next major support after retesting an important level. Today, we are still in a continuation pattern that consolidates inside a symmetrical triangle. So, we are still on the same plan of going to the next major support after breaking to the downside. Please comment if you have any...
A few articles ago, I talked about ETH breaking the weekly trend line (teal) and the next major support being $800. Seeing as we just broke $1,000, I strongly believe that is the next target. The macro environment has been extremely bad the past couple of months and is showing no signs of slowing down (30 year fixed rate mortgages are approaching '08, '09...
EURUSD has been around a key level 1.16 for several weeks. Price couldn't break above the 1.17 level, going back down below the so called support level (1.16). Despite the fact that this zone hasn't been tested enough to consider it now a resistance, fundamentals might give us this impression. So what can we expect from the EURUSD: Fundamentals: Speculations...
It's not a difficult time if you just know where to look. Look for important turning points in price. Whether it be a price it's visited multiple times or just once. Use them in your research when making accurate decisions on price direction.
Thank you for your likes and shares! Much appreciated! Post here are shared on twitte also. _____________________________________________________________________________________ The session have seen two amazing trades opportunities today. One with an early squeeze of the buyers and a nice large candle stick later on breaking the down the lines. Ending its...
We see price has broken the daily trend. Price has also fallen at the identified supply zone. We wait for price to reach the supply zone and break the minor trendline. After a retest = we short the market.
Bitcoin Bitfinex Feed Sunday Update The first short yesterday from 7049 was stopped out at 7061 for a 12 point loss. Bitcoin went on to make a high after that at 7071 - a poor stop by 12 points. This is my bad here, not the chart's - just a poorly judged spot for the stop. Sorry for that one. Anyway the second time it broke 7050 gave another chance to short...
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What's in your mind? Write comments :) Trading idea and analyse from trader Nika Lekishvili Check my other ideas.
USDCAD Resistance breaks & Retest LONG term
If the trend line breaks, target fib 1,272
Wait for the next candle, if it breaks the daily pivot, short
If it breaks this Lows it will be a big Selling Trade!!