Looking on the daily chart I can see a nice dubbel bottom. The 2 red arrows are pointing to the two specific candles I really like to see when the chart is making a dubble bottom. Also the rsi indicator has given a overbought signal on the first touch of this bottom. Price moved up pretty strong and for me this looks like a trend reversal. on the left side of the...
First of all, in this analyse there is no reason to make a sell trade for me yet. but I think the erea between the two green lines gives a nice oppertunity for a sell trade. Looking back on the daily chart it seems to be touched multiple times as support and resistance. in the last week of juli price has made a big jump from this area. The last two months price is...
When looking to the one hour chart i'm seeing that I missed the first oppertunity for a short trade but for me there is a new one. the first red arrow was my first chance of making a sell trade. this shooting star candle shows me strong rejection of the resistance level. (upper bleu line). the second arrow shows a engulfing candle wich is also a bearish sign to...
The erea between the 2 bleu line seems to be a level of structure. the candles are giving me a idea of an uncertain market. The bleu lines are showing a small erea of resistance and support. the shooting star shows me strong rejection of this resistance level. there is also a candle from yesterday that look a bit like a hammer. that makes me think it is a bit...
On the daily chart I can clearly see a strong rejection on a resistance level . The candle from of last friday seems to be a shooting star wich in my strategies is a good trading opertunity when used on levels of structure. de rsi gives a overbought signal wich gives me a second reason to take a trade. When looking on the one hour chart I saw a triangle bouncing...
