Bullishmomentum
TIME TO CATCH THE MOMENTUM IN KLCIThe strategy is simple. Buy at support as we can see the price consolidate and still in bullish momentum. Watch closely the price action around the green zone. Cut loss if the price break the support line 1548 and always take into consideration your risk and money management. Happy trading!
SPX500 Long -61.8% fib level bounce with bullish momentum!!-A extremely good long setup has happened on the S&P500 with price reacting to the 61.8% fib level (Golden Ratio).
- We can see that both 50 and 200 EMA are below price which indicates that price is in a uptrend and we should be looking for bullish signals only.
-The higher timeframes are also showing bullish signals and momentum which adds extra confluence for me to go long for S&P500.
-Another confluence is that my demand zone is in line with the 61.8% level which means that price will more likely react well to the fib level.
Let's See how the S&P500 will do during the week!
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T'As Work!Hello Traders,
This is a demonstration of why technical analysis works,
Tesla was on a clearly bullish accumulation pattern called ascending triangle on a resistance level and we also can see a bull flag pattern.
And the price goes to the ATH after this breakout.
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DAX 30- Possible Bullish Momentum on the Retest On Trend line?- A very decent long opportunity on the rests of the trend line.
-The fib level 23.8% is in line with the demand zone which adds extra confluence that price could potentially retrace from that zone.
-The trend line is also in line with the demand zone and 23.8 fib level which indicates that this is a good high probability set up.
- The 50EMA is below price which conveys that the DAX30 is in a bullish trend which is another confluence to go long.
-To enter this trade, I would wait for a strong bullish candle confirmation on the lower time frame.
Lets see how price reacts during the week.
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GBPUSD-Possible Strong Bullish Momentum?-There are two ways in which we could enter this pair on which is either to enter on reversal to the demand zone
-Or either we enter at the breakout of the 1.26133.
-Either way there is strong bullish momentum indicated by the break of the ascending channel.
-The 50 EMA is also showing the bullish signals for this pair.
-We will have to wait to see how price will react to these levels and look for strong bullish candle confirmation for entry.
Bullish Accumulation pattern on ETHHello Traders,
ETH/USDT is forming an ascending triangle with our indicator showing bullish signs, the entry must be above this maximum accumulation and the target will be the next important resistance around 280$.
Best regards, Sandro and Gustavo.
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Quick Concise Predictions -- from both sides (BULLS & BEARS)Look, here are my thoughts at the moment.. We are on an upward movement right now. The bulls successfully made a new high today because of this there will be more shorts being put in on the market.
What does this mean? The market will go down? -- NO! And I will explain why below
At most I could see a short squeeze tomorrow meaning price would gap up and push in the morning and MAYBE just maybe a sell-off to a soft support (They are marked on the chart). Beyond that I think the 290/291 is very magnetic right now and beyond that a jam into 295 before a significant sell-off(10-15 dollars).
Listen all I am saying is don't be johnny come lately (buying calls when it reaches 290/291) when it comes to this bullish push and don't be putting in shorts while the bulls have momentum! Both ways you will have a tough day when it comes time.
My values on the chart come from important values in the past and just overall feel of the market. Today we set up a nice soft support at the high from last week. Resistance is above around 290/291 and hard support is from yesterday. Look at the values on the chart!
Follow me for more common sense and not crazy predictions that have bias built into them. Thanks and let me know what you think!
GBPAUD : LONG TRADE IDEA (150 PIPS REWARD)GBPAUD is looking bullish as buyers are strongly holding the 61.8% fibonacci level, Hopefully bullish sentiment continues with this momentum and drive price upwards towards 1.95900 level(TP level). Price could find its way back to 1.97500 in coming days maybe.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
Large Upward Movement Due on XRPUSD ChartLarge Upward Movement Due on XRPUSD Chart
As shown in the weekly chart, XRP has seen a large upward movement an average of every 259 days with 280 days being the longest period betwen large movement. We have now reached the the point of average days in between which means a large impulsuve move should be due within the next 20 days if history rhymes. We have recently broke out of a descending channel after bottoming with tweezer top candles on a large support level followed by two bullish engulfing candles through two levels of key resistance. The next move after a potential consolidation will take us to the next resistance level at 30c followed by a break towards the larger macro trend line that has formed since February 2018.
NZDUSD getting out of the congestion and setting new highs!Sorry for sharing this trade late, just connected to my TradingView account.
NZD/USD broke a good congestion level, but I preferred to wait before opening a long position. I was waiting for the breakout of a second important level, formed by the previous important swing high. After the breakout, very easy trade to catch. Let's hope for the best :)