ZS has been showing some impressive relative strength lately due to it's impressive bounce from the low. Despite the large retracement, ZS has been in a state of sideways consolidation and formed a symmetric triangle on the 30m timeframe. This triangle is also forming right below the 52 week highs. If ZS breaks out, the impending move could be powerful. ...
GBPUSD recharged at the 0.618 Fib level around 0.875, above the 200 MA after it had completed a TD Setup on the daily chart.
Friday, GSX experienced heavy selling throughout the day with a nearly 15% drawdown by the end of day. Throughout the bear market, GSX has been resilient and is considered relatively strong compared to other sector stocks. This changed however when GSX clearly broke a support level at 34.50 on heavy volume Friday. Despite the bullish price action in the...
🔸 4H CHART EXPLANATION: . 🔸 Price is on an uptrend, after bouncing at the Daily Support Zone. . 🔸 It has broken the Descending Trendline, and consolidated for a few days. . 🔸 The target of the move is the Resistance Zone. . 🔸 Will look for a lower timeframe Bullish setup. 🔸 DAILY CHART ANALYSIS:
Note the disclaimer. This would be a high risk short position, which means you have a good chance of losing money. As I'm adopting a radically transparent approach to trading, I'm focusing a lot on losses. I know 'everybody' likes a winning prediction. The reality is that even fore the best traders up to 70% of trading positions lose. The trick is in finding a...
Add to watchlist. Be aware of fundamental analysis. US dollar may strengthen.
Hypothetical scenario: (1) Entry @ 1.22585 (Buy Limit) (2) Stop Loss @ 1.22400 (18.5 pips) (3) Target @ 1.23000 (41.5 pips) (4) R:R = 2.24 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Steady stair step patteren Price broke through support channel Signal 1- Heavey seller momentum at (1 Apr '20 08:00) Signal 2- Followed by several red candles closing bearish on 4H chart Tp1- 1.01182 Tp2- 1.00228
🔸4H CHART EXPLANATION: . 🔸 Price bounced at the Daily Resistance Zone. . 🔸 After that, it broke the Ascending Trendline. . 🔸 Now, it is on a corrective move that can be clearly appreciated on the 4H chart. . 🔸 We will look for a lower timeframe bearish setup in case the breakout of the structure happens. 🔸DAILY CHART ANALYSIS:
usdcad will go down down down and down again. Fundamental is key everyone, numbers dont lies. Bearish pattern on mutli time frame.Cad will get stronger anyway. Cheers to many pips
This pair my friends is looking to have a perfect trap setup. if price touches the "resistance" (in quote because they are just the bulls taking profits), and immediatly rejects it, it will definitely become a trap. Wait for price to break and retest that level and enter short with strenght and close your position with 150pips very fast. Just follow the arrows...
🔸 4H CHART EXPLANATION . 🔸 Price broke the Ascending Trendline. . 🔸 Also, the Support Zone has been broken (Now Resistance Zone). . 🔸 We are waiting for a breakout of this retracement before considering short positions. . 🔸 We will look for a lower timeframe bearish setup in case the breakout happens. 🔸DAILY CHART ANALYSIS:
As we continue the slow grind to overextended conditions on the upside, I have been looking for new short ideas to take advantage of a possible flush. Markets have yet to have a significant pullback which is needed to continue a strong bull trend. AMD was one of those short ideas where a rising wedge on the 30m chart is forming. What I like about this AMD short...
Bearish corrective flag structure. Wait for a breakout before entering short on this pair. Check out our previous analysis on this pair yesterday ⬇️
On the 15 minute chart here, this is my setup for a long up into daily resistance. If price follows my idea, trigger is on the up arrow. If I get entry on this, I will be trading into my asks for trading idea posted yesterday. Cheers!
Wait for the pullback, creating a lower high before entering ( use a lower timeframe ) Weekly candle is supporting our H4 analysis: strong bearish closure, breaking support level. Add to your watchlist next week. Target: 0.8800 / 0.8700