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H-setup

EURCHF to find support at previous resistance?EURCHF - 24h expiry Our short term bias remains positive. Previous resistance, now becomes support at 0.9785. We look to buy dips. 20 4hour EMA is at 0.9776. There is no clear indication that the upward move is coming to an end. We look to Buy at 0.9783 (stop at 0.9763) Our profit targets will be 0.9833 and 0.9843 Resistance: 0.9800 / 0.9820 / 0.9835 Support: 0.9785 / 0.9765 / 0.9755 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1
The Resurgence. A Fake-Breakout on Ethereum The Weekly candle suggests that it may be closing as a Hammer candle in 29 hours. In anticipation of this, we are anticpating more bullish volume as we move into the next week of trading. Bulls have carried price back inside our 4Hr Range on Ethereum. Price returned to the top of the 4hr range around 1765. We have since returned to the bottom of the range where I can observe a good reward/risk idea. This is known as a Fakeout or Fake-Breakout with regard to price action analysis. It occurs frequently in the market in which price will "Breakout" and candles close outside a range. Soon enough though, price closes back within the range after capturing enough liquidity from the other side. As a consequence we may see a burst of momentum going the other way. A useful belief that has served me well in the markets has been " Anything can happen" Therefore, have reasonable expectations and cut losses short and manage risk if the market doesn't go our way. 1708$ is our SL ( a 20$ Loss or -1R ) Take Profit 1 is 1765$ ( a 36$ gain or a 1.8: 1 Reward/Risk ) Take Profit 2 is 1805$ ( a 77$ gain or a 3.5 : 1 Reward/Risk ) Take Profit 3 is 1842$ ( a 114$ gain or a 5.7: 1 Reward/Risk )
COINBASE:ETHUSDLong
by ShrewdCatfx
2
Engulfing candles = More Momentum ahead ⏳What we can observe here are Daily candles and Weekly Level's. To be more specific : A Daily timeframe Retest of a Weekly timeframe S/R level after a Daily engulfing candle. The weekly candle closing in 3 Hours at or below 1775 Weekly Support level looks great for bears. Bear pressure seems quite overwhelming and is coinciding with the opening of a new weekly candle. After 50 trading days of ranging since April 22nd, it appears price may be attempting to decease with some fundamental factors coming into play. The Technical's are screaming at us now to jump onto the train. This is a good risk/reward idea considering bearish market structure. If I was a buyer, I'd wait to see the size of the new weekly candle bottom wick before making an investment decision. Considering momentum, we must appreciate the fact that the next weekly candle will likely attempt to fill at least part of the current weekly candles bottom wick ( which is -3.12% ).
COINBASE:ETHUSDShort
by ShrewdCatfx
Kinder Morgan to find support at swing lows?Kinder Morgan - 24h expiry - We look to Buy at 16.11 (stop at 15.44) 16 continues to hold back the bears. 16 has been pivotal. Dips continue to attract buyers. We are trading at oversold extremes. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look to buy dips. Our profit targets will be 17.77 and 17.97 Resistance: 17.00 / 17.60 / 18.00 Support: 16.50 / 16.00 / 15.80 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:KMILong
by VantageMarkets
USDCHF REVERSAL ZONE IS HERE!!!USD/CHF has recently found resistance and is now trading below the Ichimoku Cloud, indicating a downtrend. We anticipate a potential test of the upper border of the Cloud at 0.9065, followed by a decline towards 0.8865. A confirming signal for the downward move would be a rebound from the upper border of the descending channel. However, if there is a breakout above the upper border of the Cloud, securing above 0.9105, it would invalidate this scenario and suggest a further rise towards 0.9205. Nicola, CEO of Forex48 Trading Academy
Long
by Forex48_TradingAcademy
1
GBPUSD DOUBLE SETUP BEFORE ECB RATESIn April, UK GDP grew by 0.2% m/m, recovering from the previous month's decline of -0.3% m/m. The rebound was driven by the services sector, with services expanding by 0.3% m/m and contributing 0.26 percentage points to overall GDP growth. The wholesale and retail sector, as well as the information and communication sector, made significant contributions. However, manufacturing and the health sector experienced declines. Manufacturing contracted by 0.3% m/m, with the pharmaceuticals sector playing a major role. The construction sector also declined by 0.6% m/m due to a slowdown in housing activity. Overall, UK GDP growth remains relatively stagnant, but PMI surveys indicate increased activity in April and May, especially in services, projecting a 0.3%-0.4% q/q growth rate for Q2. However, the extra bank holiday in May is expected to result in a significant contraction in GDP, potentially impacting the entire second quarter, although the effect on Bank of England policy is expected to be minimal. Nicola, CEO Forex48 Trading Academy
by Forex48_TradingAcademy