Hi Traders! The market is in a Downtrend. As you can see the market is making lower lows. It even broke out from the important and strong Support of 1.38700. The Oscillator RSI shows the Value 10.3. For the most of the traders a Value under 30 is oversold. That's when the Trend-direction-traders cut their winners and the Trend-reversal-traders get in. The...
If there is another strong bullish candle then this can be a good breakout trade! It will be a good long position with a potential risk to reward of 1:2. The EMA's are also showing bullish signals which gives me a good confluences. As a bonus we could also enter another long position at the reversal. Let's see whats what happens at the end of Friday.
EURUSD saw a clean rejection from our previous support, and currently is moving upwards to potentially retest our descending trendline. Furthermore, the 0.618 Fib retracement also corresponds well with our preferred entry point, providing us with more technical analysis elements to confidently take our short trade! Depending on the next few hours of price action,...
After 1.5 days of trending downwards within our parallel channel, we finally start to see the price slow down near our 0.618 Fibonacci retracement level where we might consider opening a long position. My bullish bias will be confirmed if we manage to finally see a solid break and close above our channel as seen on the chart. Manually executed long with a 60 PIP...
Hi Traders! The market is in a healthy uptrend. As you can see, the market has risen strongly. It is making big trend moves and then some midterm retracement moves. Now the market is in a retracement move. It is at a resistance, but higher lows are coming in. That means that the traders are ready to buy the market. This creates an ascending triangle. If we put...
Divis Labs Price moves above 2175 with OPEN=LOW candle which is sure sign of bullish ,Price may come back for retesting trend line before big move which will go 2240,2320 and 2360. If price unable to sustain above the 2160 base price level it may fall back to 2120 and 2060 levels . Please wait for the price action and trade accordingly . This video is for...
Traders are in big-time risk aversion mode as more bad news on the Coronavirus outbreak continues to hit the wires. Most notable that seems to have traders running to safe havens. Safe havens like the Greenback have already benefited in the session, while risk currencies like the Aussie (and the major currency most likely affected by this outbreak given...
USDJPY broke through the Ichimoku cloud and also passed an important resistance that we were monitoring. It seems to have good momentum, so I entered the trade with a risk to reward that is lower than 1:2, but with a concrete chance to move the stop loss very soon since the cloud is moving up due to the very strong bullish momentum.
MNK is dead or almost dead. Often times there is a dead cat bounce in stocks like these, as 'everybody' gets the same idea to throw some money at it. This is a high risk scenario but with potentially good risk to reward ratios. Disclaimers : I've clearly said this is high risk. This not advice to trade in securities. I am simply showing what may happen from...
Bitcoin is testing an important support and buyers didn't miss the opportunity. As you can see, the price is going up with a strong action by buyers. The market is still down, in my opinion, so I'm waiting for a good opportunity to enter my short position. My trading idea is to let buyers push the price higher for now and start to sell around $10200, where we have...
It seems the price is moving toward the highlighted cluster. Indeed watching the 4H TF, two tight highs occured + divergence on the RSI --> probably it's forming a retracement. TP @132.12 (between 0.382 and 0.5 fibonacci level) SL @135.78 R/R 3.7 After this retracement, the Uptrend could run towards @141.19
Bearish engulfing bar on H4 as well as D1 (see link for D1 view ) Both sell signals located around areas of value. Trading the engulfing bar usually offers a strong risk to reward ratio and in this case the provisional target is 3 times that of the risk (and price could fall more after that which will increase the reward substantially against the initial...
My long term bias is for GBP buys but here are some confluences I see for this short opportunity - Rising wedge formation - Entry is at the 88.6 fib; also aligns with the completion of a shark pattern harmonic - QML entry - 1:6 Risk to Reward
On the Daily Chart, we got a break and retest of the ascending channel. This suggests that we may head lower with some bearish momentum . Going down to the 4 Hour Chart, we can see that there was a perfect test of the .786 Fib level (from most previous swing high to swing low), however price was trapped in the zone between 1.3333 and 1.3276, so if there is a break...