Hello Everyone, This is my first Analysis being published. This is what I analyse from my point of view. The currency is FX:USDCHF Weekly timeframe: In the weekly timeframe I noticed a triangle ascending pattern. I'm predicting that this triangle ascending pattern will become a continuation pattern. Also the 200 Moving Average is showing resistance to the...
Messing around with Fib Retrace, advice is welcome. Still researching just how it works, but here is my long on XRP.
Hello! I have made a very fresh attempt at drawing some sort of BTC:GBP chart. I'm sharing it to hopefully receive some constructive / corrective feedback. I'd be very grateful for any help, Thanks! What I think I've done is: ->Use a 200 EMA (don't know technically why to use EMA over SMA etc, apart from mentioned in some good trading videos). I think this can...
Charting on MT4 yesterday around 7 in the evening. Stoch indicates GBPJPY was oversold on the H1 & H4 timeframes. Pin bar candlestick formed just under the previous R/S zone. Set my sell stop @ 162.170 - feeling to catch a wave, hopefully a big one. Any ideas?
HD closes with a second bullish retest gap in 2 days closing at minor resistance level from mid OCT and NOV of '15. The fact it follows a morning star reversal adds to the bullish sentiment of the past few days. However, the most recent candle closes on the SMA 200 which could prove to be a resistance point as well. If next candle breaks out of the SMA 200...