Broken
Broken trendline and support in EURUSD. Maybe good time to shortLast week I went long with EURUSD, last hour it went down and touch my SL in losses and broke the 1.23 support and is starting to break the trendline as well. I'll wait for a break of the zone to enter short with a first TP in the next zone 1.22500.
BITSHARES : DOWNTREND BROKEN / INDICATORS POINTING UPThe following indicators are on the weekly base and therefore we can expect the price of BTS/BTC to go up continuesly for the next WEEKS
-StochRSI just crossed.
-MACD still under 0, plenty room to grow.
-RSI under 50, plenty of room to grow up to 70.
The marketcap is just 355 mln USD, it is traded on Binance and Poloniex. Binance is the biggest exchange, Poloniex allows Margin Trading.
Most important:
THE DOWNTREND WAS JUST BROKEN!
Additional to that we are in a phase were people are still afraid of losing money to exchanges, the exchanges being closed/hacked or that regulations will set in.
Decentralized exchanges make sure this all does not happen. BITSHARES is the most advanced decentralized exchange and will benifit from this. People will realize that very soon.
More buying arguments:
medium.com
Everything points upwards, I expect a huuge pump the next weeks, up to 2 bln USD marketcap!
It is very cheap now at 2.000 Satoshi, it was at 15.000 Satoshi already and it hat the possibility to reach that again, even climbing higher.
Exciting time guys!
#AUDUSD broke below - SHORT#AUDUSD broke down and fell below the wedge and is a short. Conservative target is 130 pips.
WTI Uptrend Decisively Broken - Look to Sell the RallyWest Texas Intermediate WTI USOIL
WTI fell exactly 50c short of the upside maximum target
before topping out and falling below the the lower parallel,
thereby flipping WTI from still positive to negative - on a
dime. Since then it's fallen away seeking support from nearest
structure to left - and found it at 58.14 - the top of the
structure to left. It's been hit by a double whammy of rising
DXY and falling major markets. Although it's hit support and
can rally as high as 61.51 from here this decline is not done
yet. Those big reds on exit of the parallel show powerful
rejection now. Last week's price action has switched the game
from buying dips to selling rallies once more. And if major
markets begin to unravel and fall further from their lows of
last week WTI and Brent will follow suit in sympathy.
A fall below 58.10 on WTI should trigger further selling back
to 55.90 at least and once this fails to 54.95, spiking as low as
53.84. The 50% retracement of the bull run lies at 54.32. Look
to sell the early rally if we see one - and if not sell on break
below 58 with stops above 59.10.
XMR - Trend analysis (SHORT)Alright, looks like Monero (XMR) has been overbought and a short position would be the most optimal here.
We have crossed the support line which supported this current trend, and now the market is looking for the new support level.
Given the current base support line, I think a very reasonable target price would be $230.
Trade cautiously!
GBPUSD GBP Long Term Downtrend Now BrokenGBPUSD Sterling/Dollar Long Term Trend Change
GBP effectively double bottomed nearly a year ago now. Since then it's been travelling in channel whose
penultimate rally recoiled very precisely from the long term dynamic which has clipped all previous rallies back as
they rose to touch this powerful last line of bear defence. Below that line they have maintained control of the
medium to longer term. That line has now been broken. In classic fashion, GBP has now returned to test the same line
from above, currently giving it one last lingering caress before flying higher. It is a buy at current levels down to
1.3312 with stops below 1.3300 for small loss if wrong from here.
Upside target is 1.3832 minimum and 1.4043 maximum . So about 500 pips upside and 33 down. The market is in for a
surprise coming here, so long as the old long term resistance line can hold up as support over the next few hours. And even
if it breaks overnight it looks only likely to spike to a fleeting low at 1.3228 at very lowest as a result and will
then likely rally again. Look to buy GBP on any minor weakness with stops as above. If struck look to buy again
from 1.3260 with stop 40 pips lower still.
For this call to stay good the old long term dynamic must hold now...if it cannot be broken by bears today it's
showing us how strong it is before the rally outlined above begins. And even if it breaks lower, so long as it creates a
spike of buying interest which takes it back above the the long term dynamic quite quickly, then once again it is
showing underlying strength, not weakness. Buy dips until minimum target is reached 500 pips higher.
NZDUSD strong resistance line broken
NZDUSD has created a good short trade setup on the daily chart, according to my trading strategy. A strong bearish engulfing pattern, at the bollinger middle band, also breaking through a strong resistance line and two resistance levels.
The bearish candlesticks are also stronger than the previous bullish candlesticks. However since this is a trade formed around the bollinger middle band, I will only take a 1 % risk with this trade.
Stop loss: 0.72698 (70 pips)
TP: Around the next resistance line
As you can see on the monthly chart, a bearish engulfing pattern with a long bearish candlestick has formed, after af small bullish retracement. This makes this trade even stronger, and I will take a short trade based on the monthly timeframe, tomorrow.
Trend broken, back to 112?I think we'll move back to 112 as a pretty good trend has been broken. With 2.5RR a good trade
USDJPY Trendline Broken, Short EntryUSDJPY has broken the lower trendline on the 1H chart. Advisable to go for a short here and target at least the 61.8% retracement.
USDCAD Sell IdeaOn the W! chart, duplication of first bearish leg is expected. Price moving lower now after respecting the weekly channel..
On the D1 chart, price broke the uptrend line and duplication of first leg is expected.
On the H4 chart, we will be looking for the broken trend line to be retested and corrections towards the zone 1.3390 – 1.3440 which will provide us sell opportunities.
Protection above 1.3550.
Target 1 – Risk-Reward of 1:2.
NOTE – move the stop loss to break even, once the trade has risk:reward of 1:1.
Target 2 – 1.2890.
Target 3 – 1.2570.
DXY: Dollar Index broken down:Next target 96.8, if not 95.85DXY: Dollar index has broken down and is now facing severe selling pressure down to 96.8, if not to 95.85
EURUSD: ShortEURUSD broke the trendline. Now we are looking for price to consolidate sideways before breaking down. I think NFP will drive price to target.
Trade with care.
USDJPY shortterm falling wedgethere seems to be a falling wedge with some opportunity to do some scalping on the bearish movement before it retraces then head further down. keep at high out to go long as well when it reaches previous support level. but for now go short and make some small profits.
EURAUD: Long Opportunity with 3 TargetsEURAUD broke the downtrend. It is now pulling back to retest that trend with an advance pattern formation. These are usually good indicator to buy. I am expecting the retest of the weekly trendline. This is a swing trade. It is better to trade in between swings as well, with the intention of buying.
NZDCAD - 1H Two Support Trendlines BrokenPrice seems to be bearish, reversing from the bullish market.
However, A lower high and lower low has not yet been established.
Placing this pair on my watch list for now.
EURAUD 1h Broken Support TLSo we have a broken support TL that had 4 points, so it is reliable.
Not that it is broken, I will be looking to short for about 35 pips.
AUDUSD Look For a Long PositionThe setup I posted earlier this week failed, as AU did not go down to form the second shoulder of the inverted Head n Shoulders Formation.
I refitted my S/R area to 0.7500 - it is a psychological area
So last week, price broke 0.7500, retested it on Wednesday, and then formed a strong bullish candle 50 pips upwards of that zone.
Friday's candle ended as a spinning top/almost doji due to Trump's inauguration and uncertainty.
From here I expect AU to reach the area around 0.7700 at least, likely towards the end of next week.
Notice the confluence between the resistance trendline and the horizontal resistance, it's a strong area of rejection.
AUDUSD Weekly UP-Channel Broken what next?AUDUSD Weekly UP Channel broken, nice NOVEMBER Short working
Overall looking for confirmations to ADD Shorts
Maybe some small Long Positions till potential reversal points
X-Mas + New Year + January
Merry Christmas and a Happy New Year :)
NZDCAD 1h/4h Retest of Broken SupportFor this setup, It is best seen on the daily and 4h charts, but for the sake of this analysis, I am looking at a last kiss (retest of broken zone) setup.
On the daily chart, price broke through a significant support level, and is now going up to retest it.
In my opinion, when the current 4h candle closes then that will be a much stronger signal to short than the hourly candle which has already closed.
A short position is valid in this case.
NZDUSD: Selling at fresh supply level (previously broken demand)NZDUSD: Selling at fresh supply zone in previously broken demand zone.
