The currency pair is currently ranging in a trend, however the bearish trend seems to be becoming more powerful. Long-term and short-term Fibonacci lines confirm the possible movement of 9000-11000 pips downwards to the 135.00 region, whilst profits can be taken at intersecting Fib lines. Alternatively , the currency pair could continue to range, reach the 100%...
Hello trades. While I was recording today's video analysis, I was expecting some correction before this down move, but it just fell. Wait for a correction to take any trade. Don't jump in. My minimum target is the breaking of up trendline. Then we will see. There is a chance for one more upside, or it can go down and make new all-time low.
Simple but sweet~ Descending triangle, however the current last few days has been bullish indicators so if we break the trend resistance we could see a change of pattern and it go to 50% FIB retracement which would be a nice overall 25% profit. If it turns the other way and we break support.. uh oh; my advice is short. IOTA is a good long term hold, under $2...
I'm keeping this post pretty short. because this is BTC and we all know what BTC is and what it does. this is simply my take on what's happening. We'll scale buy along the support trend line. Because we seem to be on a bullish channel now. Don't worry about the short term MACD, RSI/Stoch. they're all showing retracement, but on the 4h-12h-1D chart they're...
I have to say, I'm honestly impressed with Kodak. I really didn't think that a major company would pull such a ballsy thing this early in the game. To announce that they were going to go crypto was completely unforeseen from my end. Building a damn miner was also my unforeseen. This all can be a good thing and also a bad thing because things can be played out very...
With time, and observation comes understanding. A day of Elliot Waves and cup and handles led me to believe I could time this right. And wow did I surprise myself. I have never drawn on a chart, I have never done anything other than observe and trade, I see other peoples charts (Credit to Thomas, AlanMasters and Haejin) and if I don't understand something I...
you can see the support line and the resistance. the strategy is: buy now or keep an eye of what you boght, and wait for the resistence then split it and sell some, if it goes down sell everything, but if it goes up' just wait or buy more untill it will reach for the target ! good luck !
Fundamentally, it's more probable that XAUUSD will continue to rise up to R1 pivot line (@1290) in the daily chart considering the risk regarding North Korea. Setting up a buy stop with TP at R1 in the daily chart (R3 pivot line in the hourly chart), and SL a few pips below R1 pivot line in the hourly chart. In the short-run though, it's also possible that XAUUSD...
This will be a short term outlook (up to 31st July), medium term outlook (up to 5th August) and longer term outlook (up to 20th August) over the next month for Ripple. Short Term First I would like to bring your attention to the bearish pendant formation which is aqua-coloured. The price is near completion of the pendant but still needs a price increase to...
The daily chart offers a broad perspective of what is going on with the GBPUSD. Be prepared for a breakout and momentum in the according direction. I would assume an upward breakout, BUT, this is trading, so be prepared for everything!
In June 2013 (Green circle) price broke below the 200 EMA and an important support level 0.9650. Price made a low and retraced back up to retest this key support now turned resistance in October 2013 - failing to break above this level and creating a lower high. Since then, price has been in a downtrend creating lower highs (yellow box's) and lower lows (blue...
Strong channel downtrend since Aug 2015, with RSI overbought at ideal short entry levels (small green squares). RSI at overbought level again; signal to short in this case with harmonic period of about 6 months. Also current small double top at about $130 mark (short orange); stock expected to close gap to about $118 for initial target short-term target. That...
Entry 0.73000 Simple price action for this one. Possible long with the first target at 0.74000 which is sitting on the weekly S&R and possible targets of 0.7600 which is resting on the monthly S&R. A break of the second level of resistance will confirm the end of the downtrend and give me more confluence that the pair will continue its bullish movement. The...
CHK had strong downward channel trend that turned around in Feb 2016. Ascending triangle pattern formation, on monthly, weekly and daily timeframes, for long-term swing in price to break upper resistance @ ~$8.00 (this is daily chart). Again, RSI has been so graceful in confirming possible short or long entries for the whole duration of the triangle's...
Adding a short stop order as soon as I get price action confirmation from weekly and daily charts (waiting for the bounce). TPs are at S2 pivot and S2 fib lines (pink), while SL is near the blue upper trend line. www.economiccalendar.com D: W:
While monitoring the GBPCHF pair we have noticed a clear RSI divergence. We will be looking at smaller timescales for additional confirmation of the move prior to placing any orders. Supports/resistances from previous structure are located at 1.25000 and 1.21500 levels All feedback and comments are highly appreciated.
Long term wedge has been violated where the arrows are showing it's weakness Watching that smaller wedge we are in right now