Level of interest: Prior support/resistance level from previous trade at $5.00 even (key support/resistance area to observe). Stop loss for the trade involving ASX:EDV (and indication that this trade is an absolute 'no-go') is any trade below the low of the signal day of 5th September (i.e.: any trade below $4.92).
AMD has made an impressive bull run during the past month from a low of 60.05 on January 6th to a high of 88.94 on February 2nd, for a total gain of 28.29 per share. This run was triggered by a key reversal, so it's possible that a key reversal will also signal its end. I would pay close attention to today's bearish key reversal, and the double-top that formed...
AMD has been in a bear market since December 1st, 2022. For those of you who took a short position, you have had to endure three major short-covering rallies. The first short-covering rally which began on December 12th may have made you reconsider your decision to short in the first place, and you probably got out at some point. But when is the best time to get...
Perhaps. AMD has rallied for the past 8 trading sessions. The first session was on January 6 and ended with a key reversal (new low, closed near the high). Today, another key reversal has occurred (new high, closed on the low). This would indicate that AMD is likely to reverse direction and head lower. I'm going to say it will reach 64 by the end of January or...
This week, GBPUSD we are looking for shorting opportunity. The market has now resisted at the key resistance area, a bearish engulfing candle would give a push for a shorting opportunity. 1.3106 will be the support level for me to observe if the candle manages to break and close below the level.
Hey tradomaniacs, welcome to another free signal! As we are hitting a key-resistance-level and EUR/GBP is totally overbought we get a nice chance to sell here. ----------------------------- Type: Swingtrade Market Sell: 0,87250 Stop-Loss: 0,88485 Target 1: 0,85910 Target 2: 0,83730 Target 3: 0,83885 ----------------------------- LEAVE A LIKE AND A...
We can see price respect the ascending trend line many times, making a kind of W bottom or double bottom pattern, also with double key reversal bars. Even if we see price action, we can see a CYPHER pattern near in the future.
I spotted this possible key reversal candle in 1h timefram in GER30. Don't know if i identified this right as i'm not so experienced with price action. Please leave a comment! :)