BTC Short daily chartLooking at the daily chart - price breakdown below wedge (in a downtrend). Target of the move down is equal to the height of the wedge at the widest point. target = about $1300
Daily-chart
XAUUSD A LOT OF MOVEMENT IN THE FUTURE ?! Hey trading community. Today i wanna share something special with you, looking at the daily gold chart. As we see in the blue box the price was in a range for many days and tested support and resistance both. After the newest low, for us it looks like the price retested the last support/ resistance. Also a nice indicator for this, is the last daily bearish candle, wich closed yesterdays trading session. In the summary we see a nice long term bearish move in gold. Comment what you see in the future below !
2 months, dip, 2 months, dip, 2 months... dip? BITCOINHello traders. BTC/USD looking like it is about to correct, based on it's performance in 2017.
In the daily chart, we can see that bitcoin has a dip-dip period of around 2 months. In the chart, this period is shown by the horizontal purple line.
If we apply this period to the near future (next week or two) we should be expecting a major correction.
Strong support around 8-9k levels, though I believe it will not dip that low.
If the correction occurs, we should be dollar-cost averaging within the green eclipse shown in the graph.
"BUY THE DIP"
Good luck! :)
EURJPY Bears on the trigger ?! t.me
Looking on the daily Chart on EURJPY. After a triple top, its reaching for more downside. Opened a short position on early Asia Session at the beginning of the week, with +100 Pips at the moment. Im waiting for the trend / trend line to break before strong moves to the downside are possible. Also divergence is formed, which means that buyers / bulls are weakening. Want more ? Check out the Link:
Just a chart to mark the nice reversal in D1 from yesterday.That is only a daily Bitcoin chart to show the reversal from yesterday.
No recommendation!!!
Monday - Gold Buy Day Hey Everyone!
Welcome back.
Today's first - and maybe only - trade is a gold buy on Daily Chart.
You can see that according to my view I am speculating to reach the previous high.
Risk/Rewards is 1:1.5
Do not expect any huge movement today, as many markets are closed.
AUD / NZD Further down side. Looks like AUD/NZD want to move further down. I don't feel that it's right time to go short, not either long yet.
I will wait and see if price goes down to trendline I have put in the chart.
It can be nice place to look for long.
QUICK BREAKOUT TRADE EURCAD123 BREAKOUT PRINTED
HEAD AND SHOULDERS PATTERN PRINTED
FUNDAMENTALLY BEARISH BIAS FOR THIS PAIR THIS WEEK
IVE BEEN IN THIS TRADE SINCE 1.44XXX BUT THIS IS NOT A BAD SETUP FOR AN ADDITION SCALPING POSITION
Gold Daily Chart After Interest Rate Decision After the interest rate decision and the dovish tone from Yellen we have seen the price in Gold spike back up to resistance dating back to May 2016, i will be looking to short gold at 1240 should it respect resistance or look for a bearish candle on the daily close to see a sell off back to 1200, the dollar index will also be a key tool to decide price action.
Crazy but possible head and shoulders on OIL daily...A note on lower timeframe confirming price action…
Waiting for lower timeframe confirmation is our main tool to confirm strength within higher timeframe zones, and has really been the key to our trading success. It takes a little time to understand the subtle nuances, however, as each trade is never the same, but once you master the rhythm so to speak, you will be saved from countless unnecessary losing trades. The following is a list of what we look for:
- A break/retest of supply or demand dependent on which way you’re trading.
- A trendline break/retest.
- Buying/selling tails/wicks – essentially we look for a cluster of very obvious spikes off of lower timeframe support and resistance levels within the higher timeframe zone.
- Candlestick patterns. We tend to only stick with pin bars and engulfing bars as these have proven to be the most effective.
We search for lower timeframe confirmation between the M15 and H1 timeframes, since most of our higher-timeframe areas begin with the H4. Stops are usually placed 5-10 pips beyond confirming structures.
Potential Cypher GPUSDPotential Cypher pattern forming on FX:GBPUSD Daily Chart.
Green Zig-zag line also falls inline with the A-C leg, but I'm unsure if this is any sort of confluence.
New to harmonics and trading so any criticism and ideas are welcome :)
Happy Trading
EURUSD DAILY CHART ANALYSIS - TECHNICAL SIGNALEURUSD DAILY CHART ANALYSIS - TECHNICAL SIGNAL
www.cambodiaforex.com
AUDUSD Opportunity for short on AUDUSD, Buy on rejection from resistance, follow the price down to raising trend-line and then to first support level as marked.
$CORT FLAG BREAKOUT SETUPPossible flag breakout. Price left lower bollinger to find nice support on the 50 dma. Looking for a breakout to resistance 6.50. Stop at 5.37
