So these are the 2 possible scenarios I see taking place. If you bought in at the first support and are worried don't be its probably gonna graze the 50% fib support and should bounce off of it. I have drawn 2 different pathway's for you to look at to get the gist of what I believe we should see over the next 24 - 48 hours. This is not Financial Advice only...
Bounced from top of trend line & strong Resistance. MacD showing low buying volume If we don't bounce from .95 then we are going to .92!
So I know a lot of you have trouble knowing when you should reenter the trade or even enter the trade so I made this up to give u a idea of where u need to be entering into the trade if you sold at the 78.6% lvl and then are now waiting for it to settle. I would say it is going to just barely touch the 61.8% support and bounce off of it and start heading back up...
GBPUSD ACCUMULATION LONG IDEA PT5 IS 4.75 RR BASED OFF OF WYCKOFF ACCUMULATION SCHEMATIC #2 medium.com NOTE: SCHEMATIC #1 CAN STILL PLAY OUT WITH A SPRING THAT BREAKS LOWS OF ST(B), THIS WOULD PROVIDE OPTIMAL ENTRY POINTS WITH A TIGHTER STOP
These are possible entries for both long and short. Keep an eye on MacD on all timeframes. 4hr looks Bearish. Wait for confirmation of a trend line and support/resistance break and retest if you want to be sure!
GBPAUD 4h timeframe in a uptrend touched support/trendline bullish candle
The Market may have some more room to the downside with the longer term uptrend still intact, many growth names remain choppy at best. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price...
I’d like to see a break and retest of this zone, keep it simple and clean
SWING TRADING JOURNAL Bearish invalidation still intact. So, I'm bearish for USDCAD and this is my plan I will; SELL USDCAD somewhere at Green Box (try to sell as high as possible) SL ABOVE Red Line Final TP at Blue Box Manage this trade with your trading style, maybe you want to; 1. Close your position early (at 1R, 2R or any profit level) 2. Move your SL to...
Banks are turning into a bullish trend. This is not financial advice. In order to make the best financial decision that suits your own needs, you must conduct your own research.
just wait a bit, let he price come to you and enjoy the ride.
If ETH makes a retracement to 3k, we could easily see XRPETH rise to 0.00056. Then, if XRP catch a bullish momentum, we have targets 100% to 300% above current price levels. Also, we see bullish MACD divergence that could be a sign of market reversal. So, Long after retracement to old resistance, now turned support Let me know what do you think. And thumb up if...
The Market may have some more room to the downside with the longer term uptrend still intact, many growth names remain choppy at best. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price...
BankNifty support seen at 32220/32000 if not sustain ABOVE we seen again down side . for 32500-31750-33000-33200 If BANK NIFTY SUSTAIN below 32200 WE SEEN 31900-31650-31500+
Good morning, traders! Today we will analyze USD CAD in three timeframes to show you why we consider upside potential in this pair. We will analyze from a higher to a lower timeframe to contextualize the analysis and detail how the three visions coincide. 🔸First of all, we have the Weekly Chart: - In this chart, the analysis is very simple. We see a marked...
There is a clear correction taking place throughout the market. FB is no different. On the daily chart MACD is in a sale and momentum is down. As well, the Heikin-Ashi candles are showing a clear downward trend. It appears that FB may be at a level of support. IF it pushes through this level of support look to short. Otherwise, it may come back up near the 20 SMA....