Down
EUR/CAD SELL Signal on downtrend Hey traders ,
Sometimes is better to go with the flow , the flow is the main trend for us ,
In this currency pair i see downtrend continuation to the Target A - the support on daily timeframe
and after math it comes the long term position which will be on the second target that i mention on my graph .
So any Q i will A in comments if you agree like and comment I really appreciate it .
Telegram Twitter and Web site with free members base under construction .
Thank you . Good luck . Safe trades.
AUDUSD looking down !Hello,
After a short uptrend, AUDUSD reversed with a bearish divergence.
This divergence is corrected now, but the pair gained a bearish momentum. I expect a stronger reversal. (Short time EMA are about to cross)
For this trade we will use the previous high as a stop (if broken, it will mean the uptrend continues).
SELL : Now
BUY : Blue zone (0.695 level)
STOP : 0.716
Risk/reward : 3
Trade safe, manage your risks.
FTSE100: NO DEAL BABY The technical side
The price has reached the EMA200 daily, key dynamic resistance for the continuation of the trend: an upward break would bring the price directly into the upper area between 7330 and 7520 points; a rejected, however, will return it to test the 6900 points.
The result of a " no deal " Brexit
In the last three sessions it seems that this second hypothesis is becoming the most plausible one: the fundamental scenario remains strongly bearish both for the English index and for the pound as for now the exit from the EU with a "No Deal", without agreement between London and Brussels, seems to be the most likely option. This will entail a series of negative consequences both at the bureaucratic and institutional level, but above all at the economic level.
Our target!
We remain strongly convinced that, if there were no significant changes, the target of the FTSE 100 from now to a month is the support placed at about 6700 points and in the short term will lateralize between 6700 and 6900 points.
Join us for further analysis on:
Instagram : www.instagram.com
Telegram: t.me
Facebook Page: www.facebook.com
Web: www.bfcminvest.com
LTC / USD Possible Head and Shlouders forming LTC looks like it could be forming a head and shoulders on the 1 hour chart! This coupled with LTC nearly contacting the top of the downward channel means we could see a large drop in price.
I am very much a beginner and just want to make observations and learn from them! My simple analysis is simply for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner.
NZDCAD week 6-7 plan. PRofits +330 PIPS. w5 $$$$Overall
On week 5 CAD is dominant against all
NZD was one of the weakest by heat meter.
Therefore I will short NZDCAD for week 6-7
Weekly
Upward move with slight pullback now.
Daily
Sideway move, range
4H
Upward move, but sellers market signs
1H
Open SHORT
ENTRY 0.90350
SL 0.91500
TP 0.87714
RR 2.35
USDCHF week 6-7 plan. Bearish + 200 pips!! $$$. w5Overall
On week 5 DXY declined, USDCAD also showed downtrend = all pairs in correlation are downed.
On USDCHF i see price below SR = downtrend
Weekly
Below SR
Exhaustion candle bearish = short.
Daily
Below SR, Exhaustion candles
H4
Open short
ENTRY 0.99500
TP 0.98200
SL 1.0050
RR 2.53
In first week to take pips better to open with TP 0.98700
Bitcoin: NVT Trendline break to spark Volatility BreakoutVolatility is contracting in Daily Bitcoin to similar levels seen prior to the violent move down from 6000 to 4000.
In this study, we're going to use the NVT indicator as a tool to confirm when could happen the next breakout.
The NVT line has bottomed during December 2018 and already allows us to draw trendlines on it.
We can observe the red NVT trendline being broken in anticipation of the last down move from 4000 to 3600.
Getting back to volatility, we see it coiling hard. And now the question is two-fold:
a) When the energy contained by the volatility is going to be released?
b) Which direction will take the explosive move?
To answer the WHEN question, I'd like to point the test of the next NVT trendline (blue dots).
I see high probability of a volatility breakout sparking as a result of breaking the NVT trendline. That might be the moment of truth.
With regards to DIRECTION, a solid break under the trendline clearly points towards a Down Move.
In that breakout scenario, I foresee BTC hitting harmonic targets sitting below the actual lows (2800 area).
And that would be the minimum target because an explosion in Daily chart certainly might have enough energy to hit lower levels.
Now, if we see the NVT line bouncing off the trendline, it could trigger a Gartley 222 being drawn.
And that's a move that would coil even more the volatility. It just would delay the resolution of the above questions for some days/weeks.
Right now I'm not reading clear signals to support the case for the Volatility to break in Up Direction.
Certainly, a bounce off the blue NVT trendline followed by a solid breakout above the red NVT trendline could be a good one. It's just that I don't see the signals that support that scenario (at least yet).
Stay tuned for the next significant move! ;)