Im just a newbie, learning, experimenting, observing and trying to not loose more money .. lol Every comment is apreaciated. Cheers. -CJ-
Support/resistance clearly marked on chart $STUDY
what an amazing support team I've discovered so fast. Incredible stuff developing mentally here!! #datadash thank you so much.
-4Hr: Retest of support line with bullish momentum towards resistance which I feel will retest and gain bearish momentum upon the interest rate decision -Daily: retest of support line - RBA governor Philip Lowe indicated in July that interest rates were likely to remain on hold for a while as Australians grappled with rising household debt, stubbornly weak...
• breakout from head & shoulders which suggests continued bearish move towards daily support • moving average crossover in 4hr timeframe • watch out for a potential retest
-Potential short position as trend breaks out and makes bearish move - Be wary of retest as trend could pull back towards weekly resistance - looking to take this position as MACD indicates downwards movement - Look for entry in 1Hr timeframe through Moving Average crossover or bearish candlestick pattern
- Potential short as trend retests resistance and should make way towards area of support within the channel - Be wary of potential retest of blue area of support - wait for Moving average crossover or bearish candlestick pattern in the 4hr timeframe before taking the position
Long position as trend breaks out triangle and moves towards retesting new support, which I believe will lead to a bullish movement towards resistance.
Potential Short position as I believe the trend will break through the triangle and continue bearish move towards the support level
Potential long position as trend retests strong support of 1.3390 and forms an ascending triangle pattern which I believe will break through the weak resistance area, to continue bullish movement towards the 2nd take profit
Potential short position due to breakout and bearish momentum towards support.
As the trend breaks the 4Hr resistance I believe the trend will retest this area and gain momemtum towards the monthly resistance
Potential long position as the trend breaks resistance and shows indication to carry on bullish movement due to hammer candlestick pattern
Note: This is a beginner's analysis. Harmonic patter on cable that I spotted. Harmonic completed perfectly and now its going the other way. Looking for it to break the first resistance in blue and then the golden one around 1.2500
Hi, everyone. We can see a wave pattern in a bullish market. Price has bounced off FIB level and making higher highs. Target 87.00. All the best, Bless.
Potential long position as the trend moves towards resistance as signalled by the moving average crossover in the MACD