This is an opportunity i cant afford to ignore. long shadow hammer is a good reversal and there is a bollinger breakout plus the rsi and stochastic are in sync. i expect a reversal at the 200 day moving average or slightly below it.
This is an ascending triangle which means to me that the bulls have more control. If you take a look at the weekly time frame you can see that there was a bullish movement for some weeks. The stochastic has just entered the oversold section and this could also be a confirmation. the 50 day sma was behaving like a support and the 200 sma could be the limit to the...
there is a strong breakout on the bollinger band and its a hammer with a long shadow this does not require any confirmation at all i believe this will be a strong buy and it has bounced off the 50 and 200 day moving averages, 0.77562 will be the first target and if a strong breakout happens on the resistance line the movement might be strong in terms of the bull
A doji candle formed on the previous day if you noticed which followed with a confirmation in the previous day which gave a good indication to buy. I love entering on time but its still a great opportunity to enter.....be careful of the 50 day moving average as it may reverse. the target i have placed is 16.910 as my TP.
As you can see on the chart a doji candle formed in the previous day from the current candle which showed indecision in the market...however a big bullish candle confirmed the bias that the trend is most likely bullish. However the previous trend going down seemed sharp so any possible reversal may occur especially on the 50 day moving average.... However i am...
the support line has been broken but the 200 day moving average serves as another barrier.... Best to wait for a breakout and take a sell until 0.72678.
As you can see the candle has clearly bounced of the 200 sma which has behaved like a support...The previous days candle was a doji and requires a confirmation which is the bullish engulfing candle we have today. So i would suggest that you wait for the opening of the new candle and take a buy. the target i am expecting it to reach is the 50 day moving average...
As you can see on the daily chart the movement has been good in terms of the bulls. If you havent entered then here is another opportunity to wait for. The 50 day moving average was broken but all thats left is for both resistance lines to be broken to safely go long. there is a link below to how the bullish movement started and were i expect it to reach based on...
I personal dislike entering late but this is a pair to grab a quick buk from. so as you can see this is a clear bearish movement and is bound to move lower. The support line may create a reversal or breakout so be cautious. If a breakout occurs the 200 day moving average is the next target.
There is a breakout on the resistance line and a squeeze has also formed as well giving that indication for a breakout in either direction and a clear bull breakout has been formed as well. the bull candle is touching the upper line of the bollinger band giving more confirmation to go long keep a tight stop loss and expectation would be until the 200 day moving...
A squeeze has been formed on the bollinger band and the bull candle has touched and closed on the upper line of the bollinger band. thiis will serve as a good buy setup until the 200 day moving average then a reversal or break out may occur...ensure that you secure your profits on the moving average cause its really powerful when a reversal occurs. weekly and 4hr...
As you can see the support line was clearly broken however the 200 day moving average still serves as a barrier were a possible reversal could happen if the 200 day moving average is broken that would be a good time to sell. I personally feel the bears will have more control but we have to still wait anything can happen even if the weekly has a strong trend down...
I would consider this a faily good sell opportunity if it happens to break the first support then expect it to ride down to the 200 day moving average from there a possible reversal can happen.
If you look closely at the thick blue line thats the 200 day moving average and it was broken by the bearish movement same with the support line which was also broken as well....this will be a good sell setup and it also agrees with the weekly and 4hr time frames....be sure to place your stoploss right above the support line. The stochastic and rsi also serve as...
if you check on the daily a very strong bull candle has formed confirming the doji that was previously formed. Weekly has touched the support and has formed a fair bull candle and is getting ready for a bullish movement. Stochastic (18,4,4) gives a very good indication to buy since its in the oversold as well as rsi being in sync....this move must be executed as...
There is a bearish movement on the weekly and monthly and to me those time frames are kings....a breakout has happened on the daily and signifies a good sell setup which in my case will be strong cause of the third wave.
break out on bollinger bands, oversold on rsi and stochastic clear buy signal until resistance line drawn.......still new to this plotting platform so forgive my ineffeciency to give more detail