US30 has been in a area of consolidation for the past week and a half after having a large sell off for the previous two weeks. Technical : On US30 we're seeing the 3 EMA cross the 10 EMA upwards while at the same time the Stochastic is pointing up while crossing the 50%-80% mark. Price action is also making its way to the upper Trendline which has 3 previous...
Continuation south for GBPUSD at the moment, no doubt many are already longing this pair trying to catch a reversal but trade what you see not what you think. I had a clear sell sign from my analysis yesterday and took a sell but only to the low which was still a decent 3.5R. I have a Daily Demand zone marked out in which it's currently sitting. Today I have my...
RVN finally broke out of triangle, upward! With candle close above trend line. Hopefully will keep going straight up to target on chart about $.17320
Moonshot incoming. Could close at ATH. Nuance in the candles Candle has never closed this high on BTC inflation incoming. 60K first target.
1 - MACD Trend-line Breakout after Crossover. 2 - Buy 1H Candle Close above Trend-line. 3 - Resistance TP @ 127.00
Triangles are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction...
Tim's MA-X Strategy. This is a Moving Average Crossover or MA-X Trading Strategy setup. MA-X strategy consists of the 100 period simple moving average (SMA) in red, and the 20 period exponential moving average in blue. If the 20 ema is above the 100 sma then we only take buys or longs. If the 20 ema is below the 100 sma then we only take sells or shorts. *In this...
Descending Triangles are repeatable trading chart patterns. Descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trend...
GBPJPY Long/Buy Idea waiting for a momentum candle close above 130.7 to buy this one Reason: 1- Regular Bullish Divergence on MACD (in red) 2- Main Support Zone from Weekly/Daily 3- Double Bottom Pattern (in red) Three confluences are enough to consider Buying GBPJPY , after a break above 130.7 (in gray)
Step #1: The market needs to make a 20-candle new high The first step is to identify the market trend. This makes sense since the four candle hammer strategy is a pullback strategy it needs a prior trend. The first and the most important thing are to identify a strong trend that is moving vigorously up. Identifying strong trends can be done through technical...