Hello traders! Entered a sell at resistance point. Falling nicely under VWAP. Waiting for a break of 50EMA for more aggressive entry (I'm already in short) Although I'm bullish longterm (Especially with holiday season around the corner) I am looking for a retracement here. Will be looking for buys at the green box. (Gap to fill area) I like the confluence of...
Simple analysis of SPY. Vaccine optimism may continue bullish momentum. Watch key area.
Hello traders! This week caught a breakout to the upside of EUR/USD and I feel as though we have a retracement coming as GDP news will be dropped early in the week. Once we approached my marked key level I saw a rejection. I'm bearish this week. Entry:1.12815 TP1: 1.12346 TP2: 1.11354 STOP: 1.13138 RR: 4:1 Any trade taken is your responsibility, I am not a...
Hello Traders! Overall when looking at the weekly chart we are in a downtrend. There was a retracement, however a failure to break resistance. After two failures to break resistance, we have a lower high. Watch out for trendline break on the lower end. I expect a sell opportunity approaching. Entry: 0.64688 S/L: 0.64940 TP1: 0.64320 TP2: 0.63808 (In case...
Hello Traders! On the daily chart, I notice a failure to break the resistance zone @.9800 followed by a failure to form a higher high. There is a morning star candlestick formation. Symmetrical triangle formation. We can see a selling opportunity approaching and watch for a trendline break for higher profits. Entry: 0.97014 S/L: 0.97394 TP1: 0.96308 TP2:...
Hello traders! GBP/USD broke a previously established resistance zone which has now become support. If we see a candlestick breakout above the zone and see a rejection this is a quick buy opportunity. Another confirmation would be a break of the trendline. Entry: 1.24139 TP: 1.24661 S/L: 1.23893 *This is not financial advice and any trades taken using this...
Overall downtrend. Failure to make a higher high after a test of resistance. There's respect for the golden FIB number .618 on C-Retracement Wait for a break of the trendline. Entry: 68.130 TP: 64.496 S/L: 69.133
XAU/USD tested and failed to break the resistance zone twice. I expect a correction before testing resistance once more. Three black crows pattern forming on 4H & 2H chart. Doji before reversal signals indecision. Entry:1702.89 TP:1683.22 S/L:1714.80 Comment feedback as I look to continue strengthening my analysis.
ADP announced more jobs lost than expected. I expect a bit of a sell off. Failure to make a new higher around .618 FIB retracement. Expect a correction. Keep it simple. Entry:2874.5 TP:2839.8 S/L:2889.5 Like, Comment, and follow for more signals.
Strong Downtrend between Monthly ranges. Hidden Divergence on RSI Indicator. Continuation expected. Failure to make a Higher high. Expect a retest of the support. Entry: 0.93889 S/L:0.94196 TP: 0.93004 Like, Comment, or Follow for more trades.
Hello everyone! I see a triangle pattern forming for EUR/USD. There is an hourly support line @1.08292. The support line is respecting the .618 FIB. If we do not see a breakout of this support at the start of the Euro trading session I expect a retracement to the top of the triangle at resistance level 1.09917. If taking a sell position: Entry: 1.08263 S/L:...
As Gold approaches a major resistance level @1795 , a bearish divergence is spotted. Potential reversal as there is a failure to make a higher high. Potential entry if price closes below 1619. Like, Comment, Subscribe and give me feedback new to charting!
Strong downtrend. Potential Evening Star Pattern forming on Daily (As seen before). May test Monthly Support Again Retracement @.618 Golden Number, if we do not see a break I expect a continuation of the downtrend towards FIB D. OBV low despite spiking uptrend. Entry: 117.160 TP: 115.078 SL: 117.765 RR. 1:3 Like, Follow, Comment as I am new to technical...
Potential sell IF 1.24946 support level is broken. Potential Double Top forming at resistance 1.2650. Sell towards FIB C-Retracement level 1.21794. Then buy towards FIB D extension level 1.29858. Entry:1.24570 Exit: 1.22505 S/L:1.24944 RR: 1:5