Quantafuel - Intraday - We look to Sell at 32.10 (stop at 34.50) The hanging man candle on the daily chart is negative for sentiment. Price action has continued to trend strongly higher and has stalled at the previous resistance near 33.04. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. We look...
This is not a picture perfect failure test trade but the 0.65 fib, potential double top and potential top of a weekly bearish flag here packs an extra punch for this trade offering a great reward beyond the first target.
BTCUSD 4H is in a range Price at top of range Range top @ 7156.6 Long Trade Watch for a Bullish breakout Entry long on 15m chart with a break-hook-go pattern Previous high @ 8287 will be Take Profit area Short Trade Range top breakout failed Price fell back into range Range bottom @ 6009.6 Range bottom will be Take Profit area Our pulse system is bullish so all...
USOIL bears couldn't hold below key support level around previous high of $66.66. Failure test is pretty much evident at this point but there's still a shimmering light of hope for bears. Oil bulls have already taken back 61.8% of the correction range, if supply fails to turn the tides around here, bears' stop buy orders will add on to the upward extension and the...
Market has been in a range from the 1.163 level to 1.207 level. Price action towards support at 1.163 is clean. Price took out the previous candle structure low on 7 Nov 2017. There was strong price rejection following this. Sellers who short the break of the support are now trapped, many would sell off their position when price goes to breakeven, fuelling the...
Swingtrade based on trend-momentum and convincing price rejection a few days ago.
EURUSD has been declining since 18 April. Currently resting at potential support at 1912 240m chart is showing a Failure Test pattern with profit target at 2016 and stop below 1910 Will have to see the week's open