Price respected weekly zone and bearish channel end lining with level of 156.610. 4h bullish high volume candle closed above previous weekly resistance level showing buying confluence . I just expecting an retracement to 157.260 level to be an discounted buy targeting to 160 pip stoploss 500 pip take profit SWING ENTRY. thanks.
I think the index failed to break down as you can see on the chart. As long as 4 hour candles keep closing above 27500 then I believe we will see higher prices. Expectations: 1. Price will rise to the middle of the channel 2. price will rise to 30,000 zone 3. price will stall between 30,000 zone and the middle of the channel, then continue up best of luck :-)
1. Reached zone 2. Respected zone 3. Confirmation with bullish engulfing candle The trade was confirmed after a bullish engulfing candle was formed on the 30M chart. We waited for the candle to close, it did and we entered. This is on a channel, so it is acceptable to buy on a slight downtrend as the channel is confirmed and could continue. Entry Price:...
The reason we are entering this trade is because a clear significant level has formed. A level which price has been interacting with for weeks. Take a look at the chart: 1. Price interacted with this horizontal level for the first time, the bearish momentum was rejected 2. Price tried breaking this level again and failed 3. Price had a third attempt to...
Hi Traders.. Ethereum seem to be breaking out of a historical significant level that sparked the last parabolic move to the upside and was also significant when the level broke on bear market and ether lost 79%. At the break of this level we could see Ethereum leading a bull market. The breakout seems to have happened already but to confirm anything I'd wait...
Hello Traders! Hoping we all had a good start to beginning of a new week, as I've been looking more into COT Data, I've realised there are a lot of traders that are waiting for a short off 0.7000 level as 80% of retail traders are SHORT. Although looking at oscilating indicators the market has not reach an 'overbought' sentiment, meaning price may break our level...
Hey There! Welcome to another new and exciting trade week! If you haven't started following me, please follow me, its free to do so :-) Hit Like and Share with your fellow Trader Friends/Acquaintances. I have decided to take another long opportunity on GBPAUD. This time I will be playing the support at $1.83400 right at the trendline. Will we find buyers at this...
GBPJPY is approaching some significant levels, this could be an area where it reverses. I will be waiting on looking on smaller time frames like the 4H, to find an opportunity to short.
this is a late trade. the 4H failed at the circled area. was oversold. the bulls were not strong enough and so we got a considerable retrace. (our entry area). from here the momentum might increase and easily hit our target. this is a good one
Price hit 2260 at the top of the trend line and reverse back into the range today. Price closed respecting the channel and the significant level at 2238 (again), and is Holiday tomorrow. Moving forward to Thursday, we may see bearish momentum pushing it towards bottom trend line and start moving in ranges, before any news / data releases that will build up any...