EURUSD has been trading in an ascending wedge formation since mid November. It is currently testing the 1.14720 (R1) area of resistance. Should this level hold we could be looking at a move back down to the lower trendline. Profit target: 1.13631, the 4th of January swing low. Stop loss: 1.5000, if this analysis is correct we shouldn't get above here. A move...
Back on the 1st of April, Golos found the bottom at 508 satoshis, and then went up to 38.2% Fibs, where it found resistance at 1573 satoshis. The resistance has been rejected and price wend back down to 508 satoshis support. Yet again the support has been rejected, but this time price formed a double bottom suggesting another corrective move upwards or even a...
On the 24th of June, BitShares found the bottom at 1980 satoshis, where it has rejected cleanly 78.6% Fibonacci retrenchment level. Then price went up and broke above the 50 Moving Average and the descending channel, reaching 2800 satoshis high. On a corrective wave down, BTS/BTC retraced down to 2500 satoshis area, where it rejected the 61.8% Fibs level, along...
Since 6th of May, Time New Bank has corrected down by 55%, while it moved from $0.075, down to $0.033. Price has found the support at 78.6% Fibs and recently rejected it cleanly. But at the same time TNB/USD failed to break above the descending channel, which could mean that the bullish momentum is still dominating. But if price stays above $0.033 and will then...
Since April, Burst has been steadily moving upwards producing higher highs and higher lows, while it moved from 190 up until 360 satoshis. On a corrective wave down price reached 280 satoshis support, that has been rejected along with the uptrend trendline. Yesterday BURST/BTC broke above the minor resistance at 320 satoshis, which should result in a continuation...
After Lunyr has reached the btc 0.0038 high on the 14th of May, price went sharply down and broke below the uptrend trendline. Fibonacci applied to the corrective wave up after the trendline break, shows that support was found at 227.2% level, that is btc 0.00145. The support has been rejected cleanly and price starting to move up. This tendency is likely to...
Aeron formed the strong bottom at 13k satoshis and rejected that level for 3 consecutive times. The most recent bounce occurred on the 11th of May, after which price started to produce higher highs and higher lows. ARN/BTC broke above the 200 Moving Average and then above the ascending channel, suggesting the beginning of an uptrend. The strong resistance is seen...
GBP/CHF hitting an important resistance level. Also bouncing from the top Trendline. Before entering a sell trade I will wait for downside confirmation. This is a long term swing trade. - Always risking 1% or 2% on each trade. Never more.
technically GBPUSD set to drop back to 1.21 add the fundamentals with article 50 triggering next week on the 29th, will we see a sell off in GBP in anticipation of what may happen. DX short term correction for me will add more downside to this trade, nice R:R
KBR plunged down on earnings, and quickly recovered to its ~15.65 resistance level. It is showing a lot of long wicks at this level on decreasing volume, and the 15 minute chart shows further bearish signs. A short entry into this position with a price target at the 14.74 resistance level could yield positive gains when combined with an options play.
NKE is showing the following strong short entry signals: - descending price channel (examine weekly chart to see this easier) - Currently at top of descending price channel - Showing strong resistance, a successive lower peak (not quite a true head and shoulders), and divergences. This is a good short trade that could be played several ways. - Swing play: Enter...
Hello Traders, I hope everyone had a profitable week. Here is something for the next week.. AUDJPY is in consolidation zone in a rectangle channel since last few days. It seems like price is resisting and will make downward move to retest the support area. Latest Engulfing Candle on resistance level and an overbought RSI indicate short entry.
#USDJPY Short Idea Butterfly Pattern with Previous Resistance
Apple is testing a key level... i will watch price action for bearish signals as well as watching for a break down of the ascending channel
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". So I've had a pretty crappy week of trading. Lost my focus last week after leaving money on the table on a trade and messed up my...
CADJPY Has been up for the last weeks. Just reached a major resistance zone. Great opportunity for a short on CADJPY.
We have retraced 50% of the fall and this area will act as resistance for now. There might be either a consolidation or another pullback to test the 710-720 area. If the price breaks up from here right away it will be very bullish.
lets see if the price action respects the resistance line and will move downside.