Amazon looks to me to have pushed out of the wedge with a big push this week. lots of momentum, looks to be testing the support and will bounce come earnings. my prediction is a new All time high end of February.
Good day fellow traders! If your way of Technical Analysis is strong... Then the path will show its way... (*Asian sound effects*) Well, this is how the cookie crumbles, nothing goes up forever... Short-Term: Obviously bearish. Apparently lots of strong bears at this region. Symmetrical Triangle broke down. Mid-Term: Bullish trend. However, short-term patterns...
Looking at selling USDCHF , using the ATR for the average of the last 14 candles (14 days) Looks like I already passed TP #1 on my MT4, you can join the trend here and look for hitting tp #2 (2x the ATR) and apply some trailing stop logic here.
MAKE SURE TO SUPPORT THE IDEA BY SMASHING THE LIKE BUTTON! Hello Forex Lions, Today we are looking at EURGBP, it has been following a nice downtrend, which shows there is a lot of bearish momentum, also its very steadily moving just below the 20-50 moving averages. I believe the downtrend will continue, unless something drastic comes out regarding...
If you haven’t already check recent USDCAD analysis - pips following price - closure then continuation - sells zones at recent levels above Look left. awareness is brought to the recent daily closures anticipate - react - execute
Hello traders! From the perspective of Elliott Wave we are now in final Wave 5 of the Primary Wave 3. The Primary Wave 3 could finish it's rally at the 1.66213 according to the Fibonacci extension at 1.618 region. This price resistance is also the resistance formed at 12 August 2019, so we have 2 confluent reasons so far to believe that the market will shift into...
Greetings fellow traders, As time goes by, the markets evolve... If your way of TA is strong, then the path will lead its way... More visible, more probable: Dashed lines; Possible forming patterns Solid lines; Confirmed patterns / Support or Resistance Dotted lines; Possible price-action trajectories / wave trend Lighten colors = Support | Darken colors =...
The price is hitting the 5th time the resistance trendline. Look for a breakout if happens, if not enter a short position. Consider the wicks as bull traps, and always when you draw a trend line take it from the candle bodies to be safe.
Formed pretty good high low after the break of trendline. Go take the trade and enjoy pips .
This pair is changing the momentum to downside, break below Blue trendline will make it plunge. look for Price action
In the above technical weekly time-frame, we can notice that we have 1.09-1.85 as Strong Support Region and also forming Falling Wedge pattern, in my opinion this pair should be holding well on these levels for long setup
Wait for Upside breakout or take a trade for long from bottom ;)
We got 71 Level Strong SUpport also and it is bounced already and showing Inverse head and shoulder formation which could form reversal on it
Forming the series of Lows and Currently made the Lower high, Expecting it to make Lower low soon with the CTL breakout Confirmation
this pair has made a fresh lower low and need to break that sleek trendline on 4h to go ahead for Retracement trade
Looks like price Has reached Pretty good resistance + Supply zone and will be taking Dive any moment! Hold Steady ;)
I believe with my audacity that this pair is going to reach my target. good luck!