BTCUSD is clearly in a down trend but there could be potentially a short-term rebound in the making. Price is currently consolidating at prior support turned resistance zone at 3926. In terms of volume analysis, the price painted on 18 Feb 2019 is showing decent volume ending with a bull candle. Subsequently, the following small bearish candles accompanied with...
Reasons: 1. Prior consolidation before strong down move, shows hidden selling activities at this region – sellers will be likely to defend their positions at this level 2. Overall down trend – will only be keen to take short positions to go with the trend 3. Prior support turned resistance level 4. Strong rejection pin bar candle before downtrend move Our...
Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Open drive level at EP 3. Prior resistance turned support level Our Trade Setup will be: EP: 7151 SL: 7121 TP: 7181 Best Regards, Nour Capital - Tracking Smart Money Flow Disclaimer: The...
The deadline to conclude the Brexit deal is fast approaching and the turmoil faced by Prime Minister of a "no deal" could be catastrophic for the UK economy. On the technical side, we are looking to short this pair due to the following: 1. Weekly 50D and 200D EMA pointing down acting as resistance. 2. Rejection of price at 1.92900 level Set-up as follows: EP:...
Note: Pls go with proper risk management as Brexit News will impact GBP pairs greatly Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Prior resistance turned support zone at EP 3. Minor Pinbar rejection candle at EP before uptrend move 4. On...
EURUSD has formed a LH and LL since January 2019. We have bearish on this pair with the following reasons: 1) Down trend with a series of LH and LL, EMA 50 and EMA 200 pointing down showing the bearish of this pair 2) 1.14 will act as a strong level of support turned resistance Our trade analysis as follows: EP: 1.1400 SL: 1.1545 TP: 1.1195 Best Regards,...
Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Overall up trending, recently price broke out of sideways congestion area – will only be keen to take long positions to go with the trend 3. Prior resistance turned support level – highlighted by...
Olam International (O32) looks bullish as long as price can break above $1.98. We can see that price has closed above the 200D MA which gives us a bullish view of the market. However, we will need to take note that sellers are accumulated at $1.98 level with Monday closing somewhat of a Doji with high volume. We will lean towards the bullish stance as long as the...
Reasons: 1. Prior consolidation before strong down move, shows hidden selling activities at this region – sellers will be likely to defend their positions at this level 2. Seems to be the start of a downtrend – will only be keen to take short positions to go with the trend 3. Prior support turned resistance level Our Trade Setup will be: EP: 15.68 SL:...
Reason: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Overall up trending – will only be keen to take long positions to go with the trend. 3. Prior resistance turned support level Our Trade Setup will be: EP: 83.45 SL: 83.25 TP: 83.65 Best...
Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Overall up trending – will only be keen to take long positions to go with the trend. 3. Prior resistance turned support level Our Trade Setup will be: EP: 75.71 SL: 75.91 TP: 75.51 Best...
Reason: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Overall up trending after major congestion zone broken – will only be keen to take long positions to go with the trend. 3. Prior resistance turned support level Our Trade Setup will be: EP:...
Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Overall up trending after major congestion zone broken – will only be keen to take long positions to go with the trend. Our Trade Setup will be: EP: 1329.36 SL: 1326.36 TP: 1332.36 Best...
Long DJI as it approaches Demand Zone Reason: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Overall up trending – will only be keen to take long positions to go with the trend. 3. Prior resistance turned support level Our Trade Setup will be: EP:...
Reasons: 1. Prior consolidation before strong down move, shows hidden selling activities at this region – sellers will be likely to defend their positions at this level 2. Prior support turned resistance level – from the previous rejection candle that has been broken through by the price action – highlighted in yellow Our Trade Setup will be: EP: 126.38 SL:...
Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Aggressive rejection of lower prices at EP before uptrend move 3. Prior resistance turned support level Our Trade Setup will be: EP: 0.7112 SL: 0.7092 TP: 0.7134 Best Regards, Nour Capital -...
Reasons: 1. Prior consolidation before strong down move, shows hidden selling activities at this region – sellers will be likely to defend their positions at this level 2. Seems to be the start of a downtrend as previous consolidation zone broken by latest price action activities – will only be keen to take short positions to go with the trend 3. Prior support...
Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Prior resistance turned support zone at EP Our Trade Setup will be: EP: 109.78 SL: 109.04 TP: TBD Best Regards, Nour Capital - Tracking Smart Money Flow Disclaimer: The material (whether or...