Expect some retracement, in a small Head and shoulders at the top of last days swing.
thinking of 2 ways, rising from this basecamp or retracement. But my opinion, it seems promising. So let's wait and see...
Petroleo brasileiro's shares consolidating on resistance After a wild rally up, NYSE:PBR has now lose its power . We can see buyers and sellers fighting for the stock next direction. We can see a flag formation here. Nevertheless, I'll go long if price close above 8.94 and short if price closes below 8.84. Both SL on 8.88
Stochastic overbought on the daily. Trend has reached a strong resistance zone. If the trend continues to move up and passes the box consider the harmonic pattern invalid. Wait for your sell signal. Always use risk management. :)
Strong resistance, we can expect price to retrace. Happy Trading :)
nice rejection at Support and Resistant level
Coupled with RSI and MACD, I have drawn the support and resistance line for confirmation. During the asian session, EUR may rise to 1.068 range or slightly higher. From there take a sell trade and set your stop loss at 1.07208 and TP at 1.06038.
What I have included on this chart: A fibonacci Retracement A resistance line at 0.76812 A rising trendline underneath the lows of each swing low The resistance line and trendline creates a wedge pattern since the end of May unti the present; observing this...
I posted yesterday a detailed analysis for a reason to enter long USDJPY Now the pair has given a perfect opportunity to illustrate the meaning of "have a plan." "Buy low, sell high." USDJPY has turned to the upside momentarily and can potentially complete a bearish bat pattern around the 104 even handle level. I dont know which way price will go from here, or...
NZDUSD: Buying at demand level also a support on Daily TF. Level is at fibonacci confluence level (76.4% and 50% level)
EURGBP: Buying at demand level on resistant breakout near 61.8% and 38.2% fibonacci level.
USDCAD: Selling in a pullback of a downtrend. Pullback is also a fresh supply level.
The resistant level right now was previous supply level, now the price had tested the resistant level yesterday ,now now we can predict that the supply level has turned into resistant level . First target will be 43 which is the previous supply level
Buy around the break of 1.1330 and close position around 1.1450 because there is a strong resistance at 1.1462. Still need to confirm this but around the 1.1462 zone look for a short sell to 1.1333 - 00 before a long continuation to 1.1583
GBPJPY: Selling on bear retracement Possible Bear H&S. SL is ATR