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Resistance_level

GBPCHF Good Sell opportunity!Hey Guys, Based on the chart, there is a good sell opportunity on GBPCHF. But let check the chart and see what is happening right now: ----------------------------------------------------------------------------- 1. False Breakout happened on a uptrend channel -- Based on the candlesticks ( Bearish ) 2. Price is in a downtrend ( Bearish ) 3. Price reached a resistance area and rejected strongly ( Bearish ) 4. Hidden divergence on RSI(14) ( Bearish ) 5. Price reached to 0.5 Fibonacci ( Bearish ) 6. Small uptrend channel not broken yet! ( Bullish ) --------------------------------------------------------------------------- So Based on the top scenarios, I have bearish bias about the next movements of price which can also have a good risk reward raio. But considering risk management rules in a necessity and have not be ignored. But let's see what do you think about GBPCHF on H1 timeframe. Are you bullish or bearish? - Please write your ideas on the comments. Any idea is valuable for us! Thanks for being and supporting us. Good Luck!
Short
by Brian_Philips
EURJPY - Bearish SharkA Bearish Shark Pattern as a countertrend trade form up on both EURJPY and GBPJPY 1-hourly chart. As we know the shark pattern can have as many as 3different entry prices, these 2 patterns only have one. And both of them has RSI Divergence. That's one thing I love about these setups. Comparing the 2, EURJPY would be a much-preferred pair as it forms upon structure. We have also learned that cherry-picking don't do us much good. I'll engage both trading setups. I'll include the link to the GBPJPY for your reference.
Short
by RaynLim
LITECOIN BREAKS BELOW AND TEST KEY SUPPORT ZONE OF 162.00 Cryptocurrency Litecoin gave up a 20% gain and tumbled back to Earth following a fake press release sent out by GlobeNewswire that referenced a partnership with Walmart on September 13th. After that, on September 16th, Litecoin entered a tumbling mode after it hit resistance at $192.00. Then, on September 20th, it broke below the upside strong support line tested six times from August, and it fell below the key support (now turned into resistance) zone of $162.00. That zone had been acting as a floor for the crypto since August 10th. With all these technical signs in mind, the experts would consider the short-term picture negative, but the price is at a turning point, and all traders will watch it carefully. Yesterday, Litecoin hit support at $146.00, and then it rebounded. However, even if the rebound continues for a while more, we see decent chances for the bears to retake charge from near the $162.00 area. A forthcoming wave may result in another test at $146.00, the break of which could pave the way towards the $136.00 zones. If that area is not able to hold either, then a lower break may set the stage for extensions towards the $104.00 territory. On the upside, the experts would like to see a return back above $192.00 before start examining whether the outlook has turned bullish again. As mentioned above the line, the crypto will already be back above the upside and may climb towards the $233.00 area. If that area surrenders, the next hurdle to consider may be the spike high at $250.00. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
COINBASE:LTCUSD
by legacyFXofficial
No trade zone GBPUSD - but a foresighted viewWe are currently in a no trade zone in GBPUSD. Depending on which Diamond Pocket is approached first, a setup results: Variant A: We test the resistance above and are rejected there for the time being, target area would be the current 4h SR. Variant B: We lose the 4h S/R here and find support at the lower Daily S/R levels.... Target would be a renewed test of the current 4h S/R. Wait and see. Happy trading __________________ BullvsBear Academy
by UnknownUnicorn9344165