Hello traders, After breaking the channel we can see the price made a higher high wich confirms the change of trend. We will now wait for a small correction before looking for Long Opportunities near the yellow area in the chart. As always we dont enter without confirmation and wait for bullish price action. We can enter this trade with a very good risk reward...
Hey guys, i hope your Monday is going well and we want to share our opinion on the EURCHF. A few ideas before we took good profits on the sell side (linked below) and now after 3 level of bearish momentum with a divergence low we are looking for a buy. Price already made its way up and now is in a consolidation mode marked in yellow box. Our take profit is at the...
Hey guys, wishing everyone a great day. Yesterday there was halloween and we opened a short at the beginning of the week on the Dollar Currency Index. Price is dropping hard since yesterday. We are already under the bullish trend line and a big daily bearish candle indicates more down side. In 24h will be the NFP so it could happen that price moves back to the top...
Hey everyone. Check out the our last idea about the GBPUSD short trade for better understanding this one. Price dropped nearly to the same level where GBPUSD started its bullish run, where its holding the same level for a few hours now. Going into Asian we do not expect price to move much, but in the early morning somewhere before London or inside the session, we...
Not a whole lot to say that's not obvious on this chart. I just want to point out that getting in on a level like this, we expect a CHANGE IN STATE, from coiling range to explosion (up OR down). Part of the issue is to identify the right times to get in, when explosive moves are going to happen and THEN get in on the right entries. Two separate skills.
Price has heading down to a support zone formed by structure and .618 fib retracement level of the bullish swing that started in 2016. I would expect short termed pullback. todays GBP data are not that bad for the market to simply blow through this important level. No trade set up yet. I will update as price action develops. Dan
Hi, I think the dow is in a strong bullmarket – superordinate. It seems that wave 4 (purple in brackets) has completet it‘s mission already and ended as a triangle. But: On the short term, I see a possibility to short it. Startpoint: red box. Endpoint: green box. So the green box then is the startpoint of the long call. It could be the last chance to get...
I will be patiently watching how this ihs in formation unfolds. Drop below right shoulder should indicate failure.
Looking at the daily chart of the EURUSD we see for now a clearly bearish trend. But with the upcoming support/resistance going hand in hand with the fibonacci level of 0.5 im looking for another bullish move. A trade setup could look like the green and red box with a pending buy limit order right on the levels.
so eurgbp is on a daily/weekly support, but it seems to be it has closed below it; although price is too close to actually tell whether it is just a fakeout so be sure to wait for price action and retest of trendlines on lower time frame. Always react to market do not try to predict it.
Bitcoin BTCUSD Trying Hard to Change Trend Bitcoin broke above the 9537 line here and then moved up to testthe upper parallel, making an 02:15gmt/21:15est high within the first hour of far East opening before falling away \again to an 08:15gmt/03:15est low right on the blue support line at 9373 before bouncing again on European interest at the lower levels....
Hello all and welcome to my little corner of the internet. It isn't big, nor is it fancy, but what about the chart art! Now I've warned of a correction for some time (quite a bearish outlook if you were to look back at my other publications... and give em a like) but it seems as though things are playing out as i stated. I hope that any who viewed my charts saw...
EURUSD EURUSD and DXY EUR is tracking an inverse set of parallels to DXY. When EUR breaks lower it's a second sell/add shorts signal which must be confirmed by DXY breaking above the upper parallel containing this impulse wave from inception. DXY has to break and hold above that parallel before the bears will back off - but it's fighting here, where it should...
This is my way to indicate some possible changes. I'm a novice, please dont put in financial orders. Tips? welcome!
CHANGE OF TREND IN THE NEXT 4-5 Hr. Possible breakdown of resistance: You can buy at this time with a stop loss of 5% or wait for the break to be confirmed to buy. target 1: .298 target 2: .35152 in case of falling below the support line we will be going down to .152 usd to .14
There is a head and shoulders pattern at the top here. A Break to the lower level of the right shoulder also followed by a rounded topping and now two clear channel top and double bottoms. Based on fib from the original fib breakout in the beginning of november I see a correction to around 12000...