Get started

Breakthrough

Classic Price Action set up. This is a classic Price Action set up. Price recently broke through a fairly strong weekly Support and Resistance level 1.17175 and is now retesting it. This line has offered both Support and Resistance going back as far as 2006. This means that the 1.17175 level is about as strong as they get. If the level holds and price confirms it is moving back up we could be in for some tasty R:R and a nice and solid level to place our stop under. I will be entering as soon as price confirms which direction it wants to move in as a break in either direction should signify a solid move.
by Markalf
BTCUSD strong long trade setup (short term)So, a strong piercing line candlestick pattern has emerged on the daily chart, a few days earlier, and I wanted to go long, but the technical analysis was still a bit too much on the sellers side, so I entered the 1H chart, and waited for the resistance line breakthrough, before going long. So I went long here at 3936.27 Stoploss: 3200.00 (2 % risk of capital) Take Profit: around the 5000.00 price, depending on the future movement of the price. As of right now, I think there will be a short term spike up to the 5000 level.
BITSTAMP:BTCUSDLong
by BonnelykkeInvest
GOLD SHORT (2 SCENARIOS), 240 In this pair, I have analysed and come up with two possible scenarios. The two uptrends shown are very strong and likely to continue. I believe that price may bounce of the first trendline (blue arrow) however if it does breakthrough, it will bounce of the second trendline (green arrows). I believe the second trendline is more likely as it has only had 2 touched on trend ready for its 3rd. Also fdr more confirmation, I have used the Fibonacci indicator and believe 0.618 will act as a support for the second trendline.
FX_IDC:XAUUSDShort
by vj20_fx