Get started

Overbought

USDHKD (1D): Take Advantage of the PegUSDHKD Timeframe: 1D Direction: Short Confluences for Trade: - Pegged currency, strongly defended at 7.85 (Limited risk; any break above the 7.85 levels is gonna be a crisis issue) - Stochastic Overbought momentum - Not directly related but Double Top Resistance for the DXY, helps support the drop in USD strength Suggested Trade: Entry @ Area of Interest 7.8365 - 7.8499 SL: 7.8573 TP: 7.7935 RR: Approx. 2.91 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
USDCHF (1D): Short Opportunity at Triple TopUSDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Approaching Double Top Resistance to create Triple Top - Stochastic Overbought momentum (Weekly and Daily Charts) Look for ST trendline break in the internal triangle to get further confirmation as currently, the market situation is very volatile. Suggested Trade: Entry @ Area of Interest 0.9970 - 1.0050 SL: 1.0113 TP: 0.9740 RR: Approx. 2.30 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
1
USDCAD (H4): Resistances in Play; Look to ShortUSDCAD Timeframe: H4 Direction: Short Confluences for Trade: - Price at Resistance of MT Trendline (Since June 2018) - Price at Resistance of Asymmetric Triangle - Price at 78.6% Fibo Retracement levels - Stochastic Overbought momentum Suggested Trade: Entry @ Area of Interest 1.3055 - 1.3148 SL: 1.3233 TP: 1.2858 RR: Approx. 1.80 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
BTC/USD: High volume and overbought doji theoryUsing the Coinbase Dollar pair for sanity sake, a fresh look at the charts. The USD charts are still real. The price has so far mostly sold off from the daily highs and resistance level of $6,800. Similar to in summer, October 15th has already seen high volume (16k) and will likely surpass August 22nd The correction for the day will likely continue further towards $6,200 support, as uncertainty regarding USDT continues. The 10% temporary but high volume price spikes are circled in pink, reflecting a similarity worth considering. Pink line is the extrapolation of the August 22nd bounce in price showing a target of $7,200, if history were to repeat itself. A lot is also dependent on WTF Tether is doing.
COINBASE:BTCUSDLong
by dragononcrypto
Overbought Short Opportunity EthAs you can see on the two downward upper and lower trend lines I called a short opportunity when ETH/USD was hovering around 242. Looks like that was the right call and it went down to 215. Would have been a nice little profit I would say. Now we are nearing overbought again comparatively similar to the last call considering the trend lines and where the price action lies at the moment within the trend. This could be another short opportunity. However the MACD is meddling with a cross which may signal that waiting for confirmation may be best. Lets wait and see if this gets rejected at 240. If it goes to 244 its a buy. If its rejected at 240 and we bounce back down to 237-238 its a short opportunity.
BITFINEX:ETHUSD
by ChristopherCook
CRC short term bearish on the retracement, long term bullish. CRC reversal confirmed on august 24, 2018. Continuation of primary long trend. Optimal entry point would of been around 32.50. Currently over extended expecting a 1/3-2/3 retracement. Based on previous trends I expect this to retrace to 50% around 36.00. At which point long term primary trend will continue with an average target of 45.00 which is approximately 25% roi -1.17% . The main idea right now is to see how over extended the current rally is and a retracement is imminent. We can also see volume divergence with the current rally which is considered bearish . Depending if volume contracts or expands on the retracement we could easily bounce at 1/3 = 38.00$, or 2/3 = 34.00. Short term bearish , long term bullish on CRC 3.03% . the blue channel is where i expect the retracement to occure where the yellow trendlines represent the 1/3, 1/2, 2/3 possible retracement areas.
NYSE:CRCLong
by edwinguy99