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Trendreversal

USDCHF : Falling wedgeas you can see a falling wedge pattern formed lately and also price had breakout from it + pullback , these situation signaling the trend reversal to us but there is a strong resistance on top of price , if it breaks we could decide what to do. but now we can only trade in a possible trading range formed between support and resistance area in a smaller time frames. you can also enter long position now and hope the price breaking the resistance and goes higher but note that probability is low , so enter with minimum size if you want and place stop loss 40-50 pips below the price about 0.90400 don't forget to like and leave me any comments, questions or observation , thank you.
by mohsenfx
End of the pullback?Last week has been a strong rally for EURUSD free-falling from 1.187 all the way down to 1.161 on Friday closing But is the pullback finished? There is evidence showing us that the pullback might be coming to an end On Friday US market opening EURUSD has broken the last support and making a lower low but stochastic is making a higher low which a stochastic divergence on H4 has occurred and that might be a signal of a trend reversal Currently, market structure is still valid as the lower high and lower low is still in place but there was an attempt of a trend reversal as there was another stochastic divergence occur yesterday on a smaller timeframe (30M and 1H) but eventually, the bears took control and drag EURUSD even lower. Although the monthly Fibonacci retracement has not yet reached as 0.236 level has broken but it is still pretty far away from 0.382 level but EURUSD might reverse from here without testing the monthly Fibonacci retracement Right now there are a few ways to deal with this pair 1. open a long order with a 1 ATR SL below the lowest point (1.161) 2. wait for a broken market structure, a higher high and a higher low 3. if a new low has been made then continue shorting and see if 0.382 will hold Thank you for reading, please leave a like if you like the idea, hope you have a good weekend!
Long
by Esteiknarf
6
Bottomed out, trend reversal?Did we just see a trend reversal of the Swiss Company Meyer Burger. The Company just announced, that they will produce solar panels in Germany. A brave decision. Having a look in the history, we saw an overall trend in Europe. Solar production companies started in the 2010s, but failed to succeed due to the strong Asian competitors and cheap production conditions. The current situation and thoughts to bring back local production could lead to an success. The history of the stock shows a fall from 358 Doller to 20 Cent. The change of energy sources away from coal could lead this current penny stock back to a proper stock. The future will show the potential!
OTC:MYBUFLong
by tomid_trade
EURUSD - Chart went up nicely today as expectedLooks like we got ourselves a nice bullish jump as expected. 1D: For now we see a comeback to the ascending trendline that start on may 14th. For now today's and yesterdays candle stick patterns combined seem to show a trend reversal. Why? because today was a good day and markets we're pushing prices up, but also because the candlestick pattern shows us a 'piercing line' which is a possible trend reversal signal. Let's see where we're standing tomorrow. Also checkout my previous TA linked below for a multiple timeframe analysis. Trade safe, stay safe! ______________________________________________________________________________________________________ I'm purely a beginner in technical analysis . Please hit like, follow if you like my ideas or place a comment if you wish. Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
Long
by AlgoSurfer
12
Reversal of H1 TrendWe are looking at USDCAD on H1. We have higher bottoms and higher peaks. These are the signs of forming a new trend. When a trend is in its beginning, it is much more likely to continue. Therefore, we will look for opportunities to enter buys. What we have to take into account and be especially careful today is that it is the first Friday. I guess it's clear to everyone what this means - big job movements in both countries. The news comes out at the same time and we expect to see a big movement. Therefore, you MUST place a stop loss! You can choose to enter a trade after or during the news. This will reduce the risk, but it is possible to miss a lot of movement!
Long
by ForexTrendline
USDCAD AT HUGE DAILY SUPPORTI expect to see a bit of congestion around this level of 1.30000 but we are only just coming into it now. Ill be looking for longer term buy trades but not just yet as its not very often we see price spike into these major levels and change direction that quickly.. most traders should know these levels, so do big institutional traders (big banks) and that is where they take advantage of the average. I am starting to talk to far into the future now, but often on big term reversals from these major levels we will see price develop a nice buy trade and give all the right signals but then make a final push down back through the level taking out a heap of stop losses then quickly changing direction into original bias...
Long
by jamison_fx
Trading OXT: Has topped & headed for full retraceDisclaimer: This is not financial advice High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade! OXT seems to have just completed a bullish impulse wave that started on July 2nd and has finalised corrective wave A at exactly the 61% Fib level. For those unfamiliar with Elliott terminology, A is the first wave of an ABC correction. B is next, which also seems to have started. We will have a confirmation of this as soon as we break out of the wedge marked by the red lines. The first target for B wave is the 50% Fib level (0.49), this is a good spot for some high leverage shorts. Shouldn't it hold then the next level 31% Fib level at $0.579. Once wave B is completed then wave C should started. The target for wave C, estimated based on how deep A has been, is around 0.168. This means that should the current formation (which I plan to trade) be confirmed then the price should almost fully retrace the gains achieve since July 2. Right now I will wait for wave B to form and will be looking for shorts in the 50% Fib area first and 32% next. Entry: 0.49 SL: 0.54 TP1: 0.30 TP2: 0.18
GEMINI:OXTUSDShort
by zerobounds
10
Trend reversal for GBPUSD?Long Trade Idea for GBPUSD. We have arrived at the edge of the diagonal bearish trend-line going back as far as early 2018. If we break here it will be the start of a new bullish trend with more dollar weakening to be expected in the medium to long term. Initial bullish targets will be at the Monthly R1 @ 1.336 with a medium a term target closer to the Monthly R2 @ 1.362. The final target would be in the region of the Yearly R1 pivot @ 1.385. Initial stop loss to be placed @ 1.308
Long
by FXAutomate
EUR/AUD SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! EUR/AUD: Daytrade-Preparation Market-Sell: 1,64930 Stop-Loss: 1,65300 Take-Profit: 1,64350 Stop-Loss: 37 pips Risk: 0,5 % - 1% Risk-Reward: 1,60 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
5