Context: after the selloff price found support at 11340 and a rally ensued but it got rejected at the 50% retracement level of 11730 the supplyline still holds aswell which is a sign of weakness per se, at best if price still holds support at or above the level of 11340 there is a chance for a range between resistance 11730 and support at 11340 , but that is...
Context: price left the upchannel , the retracement formed a lohwer high near the key level of broken support at 24000 , which is a sign of weakness , the next level of interrest will be the 50% mark ,any bullish reaction here and there is a good chance that we test the resistance of 24000 again , pric could be conatined within a range between 24000 and 21600 in...
Context: price brokedown through the support of 76930 on increasing momentum and price currently heads towards the key support level of 75600 and there is still enough room to the left, that we might see that level tested rather sooner then later, there has to be a significant sign of strenght returning to the markets in order to repell the selling, in the mean...
Context: we left the downchannel but price compressed on a rather small range between resistance 57650 and support at 57170 , usually if price gets compressed within a tight range , that the effect of a breakout eitherway will occure on high momentum , so the key level here is actually the range and how that resolves itself, a breakdown will probably lead us...
Context: the resistance level at 12250 held and the lower high was the beginning of an increased selling pressure which brought us down to the support level of 11340 , where price reacted but the induced rally attempt failed at the 50% retrace level of 11730 , which is a sign of weakness, the key level here is the support level 11340 as this level is also near...
Reversals and what to lookout for: www.invezted.com in the following text we take the reversals in downtrending markets in action but its basically the same but vice versa for uptrends. if you determined a level of interrest where you want to do buisness in ie. in the following cases at a support level you have to understand first that price dosent care about...
The breakout + pullback setup is in play at this pair right now entry : 57444 Stop: 57255 Target: 5800 RR : 3 watch price action closely on teh high at 57700 and minimize risk if needed
Context: price forms a small range between 77500 resistance and with support at 76930 any breakout to the upside should be considered strong and a retest of the upperlimit of the channel is likely (78500) a breadown OTOH to the downside is a sign of weakness and we might see 75600 again.. Trading opportunities: Long: breakout of the reistance level at 77500...
Context: after price broke the resistance at 23450 price rallied to the broken support at 24000 wher price formed a small range , if we break this small range to the downside and price rejects the broken resistance we can speak of a sign of strenght , Trading Opportunities: Long: Retracement of demandline + broken resistance at 23450 breakout of broken...
Context: price is still in a decline as seen on the series of lower highs and lows , we currently trade at the 50% mark of the last downswing + near the supplyline , if price breaks this level we might test the brokne support now resistance at 58115 again . any rejection at this level will bring us down to 56750 respectively 55600 Trading opportunities: Long:...
Context: Price formed a lil range between 12250 / Resistance and 11500 / Support , so traades based on the extremes are the way to go, ie. reversals.. and of course if there is a breakout one can try to hop in on the pullback , for now price is in balance Trading opportunities: Long: Breakout thru minor resistance at 12250 + pullback reversal at minor...
Context: price rallied thru the supplyline and tested the broken support again , where price got rejected , however there is still a lil fire in the heat for the bulls ,as anotther rally attempt might occure near the lows of 57200 we might see a trading range developing with support at 57200 and resistance 58115 Trading Opportunities: Long: Reversal at 57200...
Context: price first rejected the resistance level of 23450 , but buyers stepped up at tthe level of 22800 near the demadnline of the channel , and now we have signs of increased buying pressure , towards the broken support at 2400 Trading Opportunities: Long: retracement at broken resistance 23450 Short: Reversal at broken support 24000 Signs of...
Context: Price attempted a rallie off the demandline from the upchannel , and we broke out the minor downchannel however price rejected the 50% level of 77600 , which should be considered weak, price currently is on its way to test the minor support/demandline at 76930 , if bulls step up at this level , we migh tthest the 50% mark again . any break of this...
Context: price rallied off the lows at 11400 , thru the supplyline and shows a little strenght on the retracement where price found minor support at 11800 , we may form a little upchannel ,and if the rallie continues we will see 12700 tested Trading Opportunities: Long: Retracement off minor support at 11800 Reversal at 50% mark 11215 or any higher low at...
Context: price is in a downward channel , where we currentyl are at an oversold condition and near the demandline of the upward channel , which per se is a nice confluence level to lookout for a reversal trade , however as long as we are conatined within the downchannel , there is still weakness present , Trade Opportunites: Long: reversal at oversold...
Context: after price got rejected off the former broken resistance at 21600 , price rallies thru a resistance level of 23450 and is currently heading towards the broken support of 24000 , where one could lookout for a reversal, overal price should still be considered in a rather weak position, Trading Opportunities: Long: retracement at broken resistance...
Context: As price broke support at 58114 and the demandline , we allreayd have some signs of weakness at hands, as price retested the broken support and it tunred resistance we got confirmed weakness , and i wouldnt recomend any longs until we trade back above 58800 or a reversal at the 50% mark 55600 , shorts are heavy favoured in this pair. Trade...