These are levels that I'll be keeping an eye on when dealing with SPY, and I'll revise as price action progresses. I adapt to the change in money flow. I'm projecting it to head lower after a potential upswing to the previous weekly high that can possibly take place sometime next week. 1st area of interest is the $320 - $338 range, and if that can't hold price...
I am more interested in Ether's price movements after seeing the surge in Bitcoin. These are the levels that interest me for now, but things will change as time goes on of course. Share your thoughts on the crypto! P.S. I wish to see a drop in price beneath the $1,261 level.
Here we have very strong support. Really very strong, because it is a global Price Pivot Zone. The main resistance is now much closer to the actual price. So interesting setup there. Pretty clear Bearish pennant spotted on 1H timeframe. In this case, we will go down to ~$6200-$6450 zone AlT: Local updated channel if we will break this main resistance. And it...
-NEW SIGNAL- Type : Pending Order Date : 26.8.2016 Time : 00:30 GMT+1 Technical : PPZ Trade Pair : EURGBP Timeframe : Daily Trade setup : Sell limit Entry at : 0.86066 ( 55 pips left ) Take profit 1 : 0.84985 ( 110 pips ) Take profit 2 : Take profit 3 : Stop loss : 0.87147 ( 110 pips ) Risk reward : TP1 – 1:1 TP2 – TP3 - Our risk : - Touch trades/Wick plays =...
Price formed yesterday bearish engulfing indicating probable incoming reversal. I will enter on last daily candle low break(-5pips) and aim for the previous S/R area. Initial SL near last daily candle high. Weekly chart shows also a lot of bearish potential with better divergence and possible pin bar.