Saw the head and shoulders type formation on m5 and m1 for entry, at higher low point. TP @ weekly support and seller exhaustion/demand area.
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NASDAQ:JCOM
Very clear breakout of the resistance of this pattern, head & shoulder of continuation of a trend already started years ago.
Statistically, we know that we have an average profit compared to the allocated equal to 4 times the potential loss, and the profit is achieved in 45/50% of our trades.
Hi Traders!
Today we will look a bit unconventionally on the capitalization of altcoins. We know that many beginners also read these articles, so let's first say what capitalization of altcoins is? Altcoins are all coins except Bitcoin. Altcoin capitalization means how much money is allocated in all coins except Bitcoin. The difference between total...
It was nice to see the inverted head and shoulders pattern play out on my previous update. I really hope some of you made some profit out of that. It wasn’t so good seeing the bull Pendant get swiped by the bears.
I could be wrong but this pattern seems to follow the trend line and the resistants line is taking a bashing. Hopefully it will convert and become...
EURUSD Long/Buy Idea
waiting for a momentum candle close above 1.0965 to buy this one
Reason:
1- Regular Bullish Divergence on MACD (in red)
2- Channel Pattern (in blue)
3- Inverse Head and Shoulders Pattern (in orange)
Three confluences are enough to consider Buying EURUSD, after a break above 1.0965 (in gray)
GBPNZD Long/Buy Idea
waiting for a momentum candle close above 1.961 to buy this one
Reason:
1- Regular Bullish Divergence on MACD (in red)
2- Channel Pattern (in blue)
3- Demand Zone Rejection (in light blue)
Three confluences are enough to consider Buying GBPNZD, after a break above 1.961 (in gray)
EURCAD Long/Buy Idea
waiting for a momentum candle close above 1.4525 to buy this one
Reason:
1- Regular Bullish Divergence on MACD (in red)
2- Channel Pattern (in blue)
3- Demand Zone Rejection (in light blue)
Three confluences are enough to consider Buying EURCAD, after a break above 1.4525 (in gray)
The bears clearly outweigh the bulls in the daily chart. Currently seeing prices moving in channel towards the trend line where it is expected to do a pullback and continue falling. If interested in the upward movement towards trend line, take profit at 1.27013 with stop loss at 1.20388 (minimum risk) if interested in downward trend wait until price hits the...
ETH at support as Lady S/R show me. We are not stupid..we don't short support! Anyway we will short a close below, heading 150 area, or a close above will result in some short term upward! Play safe.
Enjoy.
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"Lady BTC...
Following the massive breakout from the descending triangle (caused by several big sells) we now face a possible channel with a possibility of retesting the $8050 marker , or correcting even further before resuming the upward trend.
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US dollar fell by 180 pips against Turkish currency during Asia session on Monday. Now you need focus on two main technical aspect of this currency pier. The first - Fibonacci level 23 (5.7410) and pattern triangular (L1-L2 trend lines). Fibonacci level served as quite strong resistance level and pushed price in the pattern. Today price may keep range 5.7080 -...
