USDMXN beautifully touched monthly support and rejected with a daily bullish engulfing. I initiated buy on the next daily candle. Daily also shows bullish divergence on obv and we have been in an uptrend since 1999. Great long term setup looking for new highs on monthly. Lets see what happens considering everything going on in the world. Leave a like and lmk what...
the reason for my bias? STRONG BEARISH MOMENTUM CANDLE BREAKING THE SUPPORT LOWER LOWER LOWER HIGH MADE THE MOVING AVERAGE CROSS IN 1H BEARISH DIVERGENCE CONTINUATION OF DAILY TIME FRAME TREND PLEASE NOTE THIS CAN BE A M FORMATION ON DAILY. IF PRICE CONTINUES TO BREAK 16.93380 AREA ILL BE LOOKING FOR MORE ENTRIES I WILL...
See how you can grab some money from this and check out the daily chart from yesterday. Good luck! YELLEN
Price has been making higher highs and lows (uptrend) and has broke my key level and is coming back with a retest. On the 15m there is wick rejection entering on a 3/1 RR after price shows upward momentum. Price is "oversold" on the BBSI so im expecting a upward move. Granted this is outside of London session and the daily candle is red but we'll see.
Hi moneymakers, Allright, so an exotic pair.. lots of movement on this pair most of the weeks, so lets fasten the seatbelt. Ok, so we have a lot of rejections on the daily wich is giving us the information that the bears seem to be failing to push lower. And what happens when the bears fail, YES, the bulls come in, wich is also in line with the chart pattern at...
Over the past months the pair has been in a down trend. It has broken a strong support level and is currently retesting before continuing its downward movement. I will publish more intraday setup ups on it if it continues to be bearish. Thanks for viewing. Comment with your thoughts I'd like to hear them.
Hello world, and another watchlist candidate for this week. Theory: Reversal at weekly resistance line. What we have: - overbought RSI - MACD signaling trend change - long term trend: SHORT - wykoff expansion phase (long term) - multiple rejections at weekly resistance line (red) What I am waiting for: - price action at resistance line - smaller candles...
Price recently broke out of channel, expecting price to reach 22.11 as this market looks very bearish at the moment. Short position was taking at 23.00, will be looking to add to my position.
ZAR/JPY is an exotic currency pair that I do not trade very often. But I see an impulse wave carrying price up to resistance. Price touched the .618 very cleanly and moved up.
The green line is a breakout zone for a buy and the red line represents a sell breakout happy trading :)
Price has broken out of the descending trendline / downtrend along with structure. Price has now pulled back to make a HL & retest broken resistance as new support now, where I will be watching for a reversal back to the upside to resume the uptrend & make a new Higher high next.
USDMXN pair reached oversold region on RSI (H1 frame) The level 19.3272 is 127% fibo expansion from peak level 19.6586 and bottom level 19.4250 till the correction wave Key level is around 19.3200 Target price is around level 19.5590 (HVN level)