I think EOS is going to hit bottom very soon. We just need a solid bottom and we can see EOS going up for a short term before going down again. So I think its a good time to get out once it goes for the next uptrend.
Technicalalysis
XRPUSD long opportunity 4HR
Bullish movement after a pullback
good buying opportunity , for an extra conformation
wait a break of pennant to the upside before buying
CADJPY Price met te -27% retracement expecting price to fall and meet the 38% retracement or break the retracement to complete a ABC corrective pattern.
EURGBP Longterm Bullish EURGBP seems to be tracing out what seems to be the end of a complex corrective pattern. Price has already bounced off orange critical support trendline so further downside is expected to have hit headwinds. A daily bullish engulfing candle close of current price should bring price to touch critical resistance trendline shown first. Daily close above that trendline is signal for bull market resumption
GBPJPY bullishGBPJPY has adopted a quite bullish structure. However we expect current price action to have run into temporary headwinds. A retracement back to the 38.2% fib level is favored before substantial push up.
Naked forex technical analysis. Just follow the trend. We just want to share our long term view about EURUSD. We show some key levels.
This is how naked forex technical analysis looks like with no indicators etc.
Just follow the trend.
LH - Lower High
LL - Lowe Low
Have a good trading week !
GBPNZD - Long There is a possible long trade set-up on GBPNZD which could present in the coming days,
Price is currently above the key level of 1.7500 which was previously a barrier of resistance for the pair and now appears to be showing characteristics of support.
If bullish price action is to present then there is the potential for price to reach previous resistance of 1.7900 which is also confluent with the weekly descending TL resistance.
GOLD - Loosing GroundYesterday #Gold break below the 1240 #support (#endingdiagonal) but managed to bounce back. I already expect Gold to start its major #correction for the move started 1120 but before that one last leg up is still in play (because of ending diagonal #elliotwave pattern). yesterday break of the support indicate that the fall may come quicker than we expect and #Gold may not reach the #pricetarget 1270-75 area. we may be heading for a #truncated5thwave (in ending diagonal) which could cause prices to fall from 1260-63 area to begin the #majorcorrection.
.7200 holding the upside in check...for now(NZD/USD)Resistance at .72 and the 100 DMA (red line) has held for the past 3 days.
A failure here could see a move back down toward the 200 DMA (green line).
I am looking to sell but I am not sure how aggressive I want to get before the FOMC announcement on Wednesday.
I will probably sit on my hands in this pair until Thursday.
Month-to-date trading results
# of trades:3
winners:2
losers:1
pips won:64
pips lost:14
net:+50
USDJPY Short Ahead of FedOur algorithms have detected a shorting opportunity on USDJPY ahead of #FederalReserve meeting. We have placed a sell limit order @ 104.40 with target @ 103.16 and stop loss @ 105.26
EURGBP ABC Pullback to contine Selling EURGBP is creating a POLE sideways pattern to find sellers closer to the trend line. Wait for a trend line reversal signal to continue selling to 0.8428.
Remember, smart money buys at the top!
This is based on purely technical analysis.
FCT Long for the next 3 daysHere we have an analysis of FCT, since they published the most recent news regarding smart contract a lot of value has been added to the coin, in my perspective this is going to be one of the few coins that in the future haves an incredible potential.
Hold on to it and I strongly suggest u start selling aproaching the 400k level +/- 20k satoshis.
High will be happening in the next few days and then expect it to drop to the medium level of the channel back again, and with time will be stable it will reach to bottom level of channel, a good entry point should be around 300k again or possibly less.
TSLA Medium Term Short - Next leg down from the bearish trendTSLA (Tesla) Short
Here's a setup of a TSLA short that I've initiated on Friday. Looking at the Fibonacci retracement lines, it has struggled to breakout of the 38.2% line after it's initial denial at the 23.6% line. Recently, there has been a breakout from the 38.2% region due to a strong market, despite negative Tesla stories as of late. Similarly, price has had difficulty breaking above the 200sma, which it broke just as of late. However, the main bearish trend line, top one in blue, is acting as strong resistance. Tesla closed once again at the 38.2% line, looking to make a reversal here and head back to low 200s. Unless there is a breakout of the top trendline, I expect another leg down push, hopefully into the low 200s/high 100s region.
This is a purely technical-based short setup but is very influenced by Tesla news. Musk has yet to release his master plan which he had mentioned this past week. Any evidence of a breakout of the blue line would be a good place to cover a short position.
AUDUSD 4hr Chart Start of 2016 A simple look into the next moves that could be coming for the AUDUSD pair. The holidays are keeping the fundamental aspects away so I dont expect to see much movement until after the New Year Celebrations. Then we could be looking at a downwards move towards .72000 and perhaps even further towards .7100.
EUR/USD WEEKLY ANALYSIS 10/25/2015IF YOU GUYS HAVE BEEN FOLLOWING MY POSTS, YOU WILL HAVE NOTICED THAT PRICE IS REACHING A MAJOR SUPPORT LEVEL ON THE DAILY. THE PSYCHOLOGICAL LEVEL OF 1.0800 HELD A STRONG SUPPORT 3 TIMES IN THE PAST (ONCE IN JUNE, ONCE IN JULY, ONCE IN AUGUST) ON THIS CHART. i HAVE INCLUDED MINOR AREAS WHERE I WOULD BE LOOKING FOR LONG/SHORT ENTRY'S, BUT I WILL ULTIMATELY BE FOCUSING ON THAT MAJOR DEMAND ZONE BELOW. "CONFLUENCE IS KING"
