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Resistance_level

AUDNZD SHORTThis pair has been in a long term bearish trend with multiple tests against the channel's resistance. It has previously broken out of this channel and re-tested a horizontal resistance, which we are expecting it to test again here. The indicators have confirmed it is overbought on lower time frames, and are close to an oversold level on the higher time frames too. BDPO forex are keeping an eye on this but will wait for confirmation before making a decision. Follow for more.
Short
by BDPO_Trading
2
#USDCAD will it continue going lower??As far as market structure concerns we have 1H timeframe bearish impulsive move which broke the low and as a result formed a Lower low. since then price is in bullish corrective move which by the way shows price non-intention of going higher (otherwise it would be as an impulsive move) Now price is at 4H timeframe Clean Break area which provides important resistance and also we had one very strong reaction off of this area which showed us how powerful is this area. now we are going to test that area once more and hopefully we can see the liquidation from above the previous wick so then we can open our short position. Just remember price closing above the arrow means that the idea has failed and we need to wait for more confirmation.
Short
by mohemati
1
#GBPJPY here we go again...The chart can talk for it self I'm pretty sure about it. But lets dive into more detail and see what confluences we can find to back up our trading idea... 1- Price is getting very close to structure point means it used to act as support before but now shifted to a resistance 2- Also the area can be considered as a static and classical resistance area, since it's been able to hold price lower every time price got close to the area. 3- Price is at bullish channel middle line which could add to a resistive cluster. 4- From fundamental aspect JPY can gain more power as central banks around the world going to reduce the pace of rising interest rate. 5- other than GBPJPY other JPY pairs are also in resistance area which give us intermarket confluence. But be aware its very likely that price goes above the last high which showed on the chart by an arrow and then turn to the downside and this is only for liquidity taking activity and to capitulate long traders. However if price can manage to close above the arrow then we can say the chance that resistance area wont hold the price will increase.
Short
by mohemati
2
#GBPJPY near 4h timeframe resistive area one againlook where price is one more time at an area where rejected clearly twice before plus it's a structural point too ( it use to be support but changed to resistance ) if you look at the left side of the chart. this cluster of resistance add to the importance of the area. But the thing is matter most is not to rush into a trade as we have CPI news today and depends on what the numbers going to be it can cause price to break the resistance to the upside or to reject from. If you want to have more comprehensive idea about what to expect of news are going to be released today and tomorrow I would recommend you to read the idea linked to this article. But in summery, if CPI comes out equal or lower the prediction it would be good JPY and we can expect the downside move from GBPJPY .
Short
by mohemati
The Resistance Hit 4th Time - SPX500 Saw the red line! It is now hit the 4th time by the market. Although oil has come down from 130 to 80 USD per barrel giving some relief to the oil-dependent economies and inflation is also in a downtrend, the problem is worse and deeper. This alarming deeper problem is US debt which is now 137% of the GDP. Imagine it was hardly 67% in 2008 during the financial crunch. If things were good, why did this debt rise to 137%. Debt is good for industries till it remains fuel for growth. But when it becomes fuel for existing debt it is really problematic.
SP:SPXLong
by starringinvestors
#CHFJPY possible short opportunitySince JPY index shown potential upside move and already break above a bearish Daily channel as well as forming a reverse Head & Shoulder formation it gave us the idea of to be looking for a shorting opportunity on different JPY pairs like CHFJPY. If JPY index keep going up to reach its one to one Head & Shoulder target projection then we can expect any upside rally on different JPY pairs can lead to another drop. With all this being said now if you take a look at CHFJPY chart you can see price formed a bearish impulsive move and as a result of that move formed a new low. since then price been correcting that down side move and now it reached the static resistance area which you can call it structural point too and also 61.8% of Fibonacci level and 1H EMA. which all together can give us a resistive cluster. moreover, price also did reject from the area just recently and formed two bearish 1H candles, which shows that sellers are there. but in order for us to be able to sell we need another bullish move in lower time frame. but unable to goes above the recent top and 1H EMA or at least wont close above it.
Short
by mohemati
1
#AUDJPY sell opportunityPrice clear bearish structure in 1H timeframe, price shows reaction to structural point ( previously acting as a support but now its acting as a resistance area ). Now for a short position we need price to comes up one more time and reject from the area and forming a kind of toping formation like double top which is possible in lower timeframe to be able to sell. Also price taking out liquidity from above the arrow but failing to close above them is another great signal to take a sell position on this pair.
Short
by mohemati
1
Death Trap Consolidation for #btcWe have seen a steady consolidation and an internal Resistance recently tested, a bearish Engulfing has been identified, which I usually expect at key area, however I am currently seeing a minor consolidation and the break out of the consolidation with a good momentum will determine if selling is still valid. On the Flips Side; if the high of the Bearish Engulfing at the Key area currently is invalidated/liquidated, I will be expecting a retest to reclaim the resistance turn support and a continuation to the RESISTANCE above.
BITSTAMP:BTCUSD
by MII1502