Will resistance hold?- Short-term trendline in the descending channel was broken
- Volume is high at the moment
- We want to see a clear break above resistance
- After that we want to see a clear break out of the channel (since 22/1)
- Early supporters reward program: X nodes >>> VET needs to be locked up before 20/3
Keepitsimple
WILL SUPPORT HOLD? - As predicted price travelled further South after breaking the previous support (now resisance) and bounced off support
- VEN is swimming from the weak hands to the whales
- The presence and manipulation of whales, in my opinion, is a long-term bullish signal
- NEWS of the week: DNV GL and VEN launch My Story TM / VEN Launches X series nodes
- A channel is forming
- If support holds >>> bullish until resistance
- If support fails >>> bearish until next support
Will support hold? - As predicted price travelled further South after breaking the previous support (now resisance) and bounced off support
- VEN is swimming from the weak hands to the whales
- The presence and manipulation of whales, in my opinion, is a long-term bullish signal
- NEWS of the week: DNV GL and VEN launch My Story TM / VEN Launches X series nodes
- If support holds >>> bullish until resistance
- If support fails >>> bearish until next support
Keep it simple pals !!!!-trend lines
-1year Fib levels
-RSI 14
-Support and Resistance
RSI14 divergence on H4 suggest that the uptrend is losing momentum as you can see in past examples highlighted on the chart....
Scenario 1: break below 1338 would confirm this analysis so: enter trade at 1337 with SL at 1343-44 and TP 1329-28 (1h-4h time frame)
Scenario 2: break above 1347 would invalidate this analysis so: enter trade at 1348 with SL at 1343-44 and TP at 1356-1358 (1h-4h time frame)
Scenario 3: break above 1347 in order to test 1356 o.00% Fib 1 year level so after closing trade of scenario 2, enter again short with SL above 1360 and TP around 1337-1340 support. (1D time frame)
No news to watch, only price action, good trading to all of you !!
Actually Position - Long Opportunity Chart: Daily
If you look at the weekly chart, you can see that we have a strong long trend. So I think the next big movement could be the continue of the trend. Thats why I placed a Market Order, and now we just have to wait! Maybe we know more after the big economic event on Thursday in Europe or on Friday in Japan!
Stay tuned!
Actually Position - Long Opportunity Chart: 4h
After this big move to the upside, I am waiting for the recovery to buy a long position =)
Weekly Checkup - Long 4h - SwingtradingChart: FX:EURGBP H4
I think everybody can see this nice long market. But I don't know if now is the right time for Entry. I think we should wait, the recovery has an end.
Maybe it is more interesting for next week!
Weekly checkup - Long 4h - SwingtradingChart: FX:EURUSD H4
I think this should be my setup for the next week. A recovered market, for a good and fast long trend
Weekly check - Long - SwingtradingChart: 4h
Last week I couldn't make some profits with gold. But I think this week I could find a very great setup for a long position. I am just waiting for a recovery on monday to hit a good price!
Weekly Check - Long - SwingtradingChart: H4
I think this is could be also an very interesting position for the next week. But before I trade this market, I am waiting that market hit the resistance constantly.
Weekly check - Long - SwingtradingChart: H4
It looks like the end of recovery! This should be my setup for the next week to make some pips ;-)
Weekly check - Long - SwingtradingChart: AUDUSD H4
This is a very interesting Chart. We can see the market ist now in the recovery. Maybe the next days it will find an end, an we can set a nice long trade
Weekly check - Long 4h - SwingtradingChart: FX:AUDJPY 4h
I think this could be the end of the recovery of the market. My Setup for the next week looks like this.
USDCAD SHORT- On the break and close below 4h TLI think we may have finished retracing for now and heading down.
-I want a break and close below the 4h trend-line in blue here
-Coincides with fib 0.618 retracement
-ABCD Structure in play
-We just bumped our heads on major monthly resistance of 1.4000 and held below
-A lot of long wicks around the 1.4000 too
-Targets as shown
-Another reason why we could be coming down is look left recent support when broken becomes resistance
