FX:EURAUD on Daily time frame has been largely in a sideways market for a long time and has now moved into a triangle set up, approaching the climax. We have seen in the previous analysis on H4 charts that price sitting below the 50 period moving average and chart showing a descending triangle formation, more likely a short setup, awaiting price action In the...
retesting 1.32 resistant, if the rally strenghthen again, may not enter short
AS YOU CAN SEE PRICE HAS BROKEN THE HL TO THE LEFT (CIRCLED) AND IS CURRENTLY RETESTING. THE RETEST AGAIN COINCIDES WITH THE 38.20% FIB RETRACEMENT LEVEL. WE COULD STILL SEE PRICE PULL BACK INTO THE 61.80% LEVEL BEFORE SELLING OFF. WE COULD ALSO SEE A PULLBACK TO FORM A DOUBLE TOP. THIS IS FOR EDUCATIONAL PURPOSES ONLY, TRADE SAFE.
USDCHF is currently on a downtrend after breaking an uptrend that tested our recent support line for the second time. Our downtrend has multiple wick rejections. Price is currently sitting within our resistance zone, with a bearish candlestick that touched our trend line. In addition, price action has reversed on the tight bullish uptrend (purple arrow) and lost momentum.
S&P 500 breakout of the ascending triangle. Weekly and monthly charts both have an uptrend chart and are above the 30 and 50 period Moving Averages. I have added the RSI and Rate of change indicator and interestingly there are observations of bearish divergences in Rate of change for May and Aug 2019 as marked in the chart (ROC making a lower peak whereas Price...
WE HAVE A BROKEN ASCENDING TL ON THE DAILY TIME FRAME. WE'RE STILL TRADING WITHIN THE DAILY CONSOLIDATION RANGE. LOOKING FOR A RETEST OF THE BROKEN TL OR 88.60% FIB RETRACE. THIS IS FOR EDUCATIONAL PURPOSES ONLY, TRADE SAFE.
HERE WE HAVE CADJPY ALOT OF DIVERENCE AND LOOKS TO BE RUNNING OUT OF STEAM, SELL SETUP... IN THE 1HOUR TIMEFRAME WE SHOULD SEE A 3 TO 5 WAVE CORRECTION GIVING US A 4HOUR CORRECTIVE PATTERN THESE CAN BE RISKY TO TRADE AS THEY TAKE THERE TIME TO MOVE ANYWHERE.. BUY SETUP... WAIT FOR A 4HR CORRECTION TO FORM THEN THE BREAK OF THIS WILL GIVE US A BUY SETUP YOU MUST...
4H CHART EXPLANATION: As we explained on the Daily Chart, price is on a bullish trend after breaking the Descending Trendline. Now, it is on a corrective movement of the previous trend, so we are waiting for a consolidation to end to place long entries. If you want to trade the corrective movement, the best scenario would be to go to a lower timeframe like 30m...
EURCAD continues on the downtrend, especially with Brexit still in the works. I believe it will drop from one support level to the next. Entry is right around 1.455, with a TP of 1.448 and a stop of 1.457. Do your own research before making any trades. Thanks for looking and leave a like!
making higher highs higher lows on 4hr but havnt pushed into supply zone over 3015. Also formed two lower lows now. Without pushing into that zone tomorrow we will see a lower high form. Need past 3015 mark As of now our trend line broke and became resistance Join Our Discord for free- Collaboration, Guides, How To's, Trade Idea Alerts, Chart Breakdowns discord.gg
Bitcoin is in a very precarious situation right now. Either bulls step it up now or they will drop to 7.7 to 7.8k region where this Diamond Bottom would be at risk of failure (a failure that bulls just cannot afford since this will send BTC spiraling down to the 6.4k region. Something that my friend @Crediblecrypto has been calling for over a month. Read my...
This pair has completed its upward trend with a culmination of its rising wedge as shown below. The formation is complete and therefore the pair is expected to tumble. Also in evident is the double tops formed along the trend line which the pair has respected and shown no interest in breaching the trend. Check out the set up and let us know on the comments below...
4H CHART EXPLANATION: As we explained on the Daily Chart, price has bounced at the Resistance Zone and broke the Ascending Trendline. We wanted to place a short trade here but price did not give us a proper setup. Now, we are waiting a reaction of the price at the Support Zone and then a corrective movement so we can place our entries there. DAILY CHART...
I´m waiting for a break & pullback. Do not just enter the trade. Wait for PRICE ACTION or FAKE OUT.
My Details: (1) Buy Limit Order @ 1.63060 (2) Stop Loss @ 1.62850 (21 pips) (3) Target @ 1.63650 (59 pips) (4) Risk:Reward = 1:2.80 Additional notes: 50% closure at 1.63270 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...
-Potential Uptrend is Expected. -Key levels to Watch -Unable to break support around current Support point