The price is falling towards the pivot which is an overlap support and could bounce to the pullback resistance. Pivot: 56,992.44 1st Support: 54,704.04 1st Resistance: 59,966.65 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
We can see this pattern’s breakout has definitely been triggered at this point and the price is heading closer and closer to the target that we called back in April. I will attach the chart idea from April near the bottom of this one. Only question now is do we reach 100% of the target. We still need to over come around 121 for it to confirm a higher high on the...
Hi there, Basically you need to stop looking at horizontal lines only otherwise you will just be looking at order blocks, you need to expand and start looking diagonally.. In diagonal lines where it closes is more important than the wicks, as wicks generally represent peaks whilst where a market closes/enters is specific to the overall trading range (not...
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** In the event that the downtrend is not broken, it will head towards the downside again, so this is a low probability that it will fall, it may break the trend. *** Here is the full analysis for this pair, let me know in the comment section below if you have any...
Since it seems today the AUD/USD will close under its resistance. I will be going short with a TP of the previous support which is around 0.66800. It will trigger my SL if a 4h candle closes above 0.69200.
We are expecting price to come back at one of the strong Supports (Daily Fibo Retr. 38,2 and 50) most likely to bounce back. I wouldn't bet on a bulls ability to climb, but I would like to see a bull climbing with its hooves on a ladder. Quite literally. Anyway, buyers have a good chance of winning after price reached the Fibo 38,2.
The bottoming process seems to have failed so far with Ether, with risk greatly increased to reach now lows in some time (below 80$) An eventual hope would be to see prices raising exactly from here, but this is becoming unlikely for now with the current evolution of the structure Not looking good, but there is still some hope, especially if its price starts...
Litecoin. LTCUSD Bitcoin's failure has washed over into all the Alts but Litecoin has not suffered as badly as others, so far...if that's to remain the case then support at 245 must continue to hold here during the course of today (stops for longs need to be only 3 points or so under here) for any failure to hold will tip Litecoin into the hands of the bears...
Bitcoin Update Still grinding higher. Stops under 7430 have stil not been hit, with a low since at 7434. Now it's entered the area around the highs it's meeting that profit taking we were looking for from 7500 through to the highs at 7590, but absorbing all sales very well, so far... It's tracking within a new impulse wave from the break-out around 7pm est...
EUR/USD Update for week 30.10.17 A perfect test of the upper parallel shown on last week's chart created a fine entry point for Dollar longs on Thursday before the Euro flew 278 pips lower creating a big bull-engulfing red candle on the daily chart and busting below the neckline of the head and shoulders top formation (shown on last week's chart) on Friday....
A tough week ahead for the pair considering all the data that is out WB 16/1. The pair has found support and resistance at around 1.0603. This current price level is providing support, the next level of resistance is at apporx 1.066. I expect a momentary consolidation phase before a breakout.