Get started

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
Bitcoin's Critical LevelBitcoin is currently at an important technical crossroads. Everything I've previously said still stands. Bitcoin is still - until proven otherwise - in a major zigzag correction, in which it's completing the B-wave. Yet, on this chart we'll go through the latest updates. We'll deal with them systematically, so please follow the adhering numbers on the chart. 1) Bitcoin is trading right at a strong resistance zone. This area has amounted to a lot of reversal action, both in terms of closing candles as well as wicks. With that said, the even stronger resistance zone is the one between $57,700-60,000. That level is the ultimate all-time high zone at which Bitcoin faked out in April and then initiated its -55% dump. Don't for a second expect Bitcoin to push through this resistance zone without a serious fight. 2) Bitcois is currently trading precisely at the 618 fib - the golden ratio. 3) The trading volumes from $40 000 and above have been ANYTHING BUT CONVINCING. These trading volumes rather tell me that the purchasing enthusiasm is lukewarm at best. 4) The trading volumes in turn are supported by a 6-point RSI divergence on the daily chart. This means either of two things. Either Bitcoin fails this level and plunges down. This scenario is the by far most likely one. For do not be mistaken: the more points an RSI divergence is made up by, the more power it musters up. Hence, if Bitcoin were to fail, we'd do wise in expecting a serious throwback. The other alternative is that Bitcoin breaks above the current price resistance zone. This would automatically result in the RSI breaking above its divergence. This should be more than enough to pump the price up to the $57,700-60,000 resistance zone and is equally so an opportunity I intend on hopping onto with leverage. With that said, Bitcoin is still far more likely to break down. What I'll be looking for in such case is for the RSI to test the upper bearish blue line from below, which would be THE ideal shorting signal of them all. For more on the immensely powerful RSI strategies, please watch the RSI trilogy.
COINBASE:BTCUSD
by LongLifeTrading
1