50% Fibonacci Retracement of Pin Bar Candle. Entry at 167.26. Stop Loss at Pin Bar Tail. Target at previous Swing High. Reward to Risk is 2.81.
Last year, SE turned cash flow positive and posted the triple digit revenue growth quarter after quarter. It is a digital entertainment/gaming + E-commerce + Fintech all in one company and is turning into a behemoth in south east asia. In addition, SE was a favorite buy for several top hedge funds in Q4 2020. It seems like we will see some weak rally tomorrow...
Evening Traders, Today’s analysis – NZDUSD- treading towards technical resistance where a rejection is probable, Points to consider, - Price Action Impulsive - .618 Fibonacci Resistance - Swing Low Objective - 200 MA S/R - Below Average Volume NZDUSD’s immediate price action is impulsive under a key S/R zone; a bearish retest will allow us to have a...
Evening Traders, Today’s analysis – EURNZD- Price Action trading at Local S/R where a bounce is probable, Points to consider, - Price Action Impulsive - Local S/R Support (.618 Fibonacci Confluence) - .382 Fibonacci Resistance - Swing Low Objective EURNZD’s immediate price action is impulsive under the 200 MA; this allows us to have a bearish bias on the...
My bad. That DZ lost validity when price created a minor low-high-low back into my entry. In cases like that, I normally close the order and look for the next best zone. This is it right here at the major previous low. I don't know if price will break past the failed DZ on the upside. I'll be looking to take profits there. But it can blast through it and I'll ride...
1 of 3 Candlestick Patterns That Pinpoint Reversals. When I'm analyzing a market, there are only 3 candlestick patterns that I'm worried about. Over the last decade, they have proven to be the most accurate at confirming entries at the areas I want to trade. 1 - BULLISH REVERSAL CANDLESTICK PATTERN. The image above shows a bullish reversal candlestick, and you'll...
Now, we know that this Camarilla pivot trading strategy tends to produce less trading signals. This means that you won’t be having a trade signal every day. Don’t worry about it because we have one more trick in our sleeves. We can show you a very reliable Camarilla mean reversion strategy. This Camarilla pivot trading strategy only uses the power of divergence...
AUDUSD is currently enjoying a nice uptrend on the daily chart. On the hourly today there has been a 50% pullback of the last impulsive move to the upside, and formed a swing low on the former resistance trendline. It has already moved 110% of the ATR today so I am setting a stop at 0.644 with a target 0.673, the monthly R1. This gives a decent Risk:Reward of...
Hi Traders! The market broke out of the descending triangle (H4) on 27th December '19. Then it fell until the support at 0.96500. It formed a bullish engulfing pattern there. So, the market made a consolidation at the area of the 61.8% Fibonacci Level. It retested the area two times. Now it will continue the trend and make another swing at least to the level at...
Hi Traders! The market is moving between the trendline - which is the resistance - and the support. We here have a weak downtrend, because we have lower highs and same lows. We expect the market to make another swing low. An alternative is that the market could break out upwards and make a new trend. Thanks and good luck :)!
Hi Traders! The market was moving up after it broke out and retested the resistance at 106.700. Then it moved along until it reached the resistance at 108.300. After that its ranging and it totally losts volatility. Now we see a bearish divergence of the MACD. We expect the market to brake out and to make a new swing low at around 106.700. Thanks and good luck!
1.11500 zone is a strong support level and also equivalent with 50% Fibonacci retracement level, so makes the level more stronger, I think just bad news about euro ecosystem's fundamental can break this level.if you see bullish sign after bouncing off from this level go LONG. Also it can bounce off from 38.2% Fibonacci retracement level and continue uptrend but...
Hi Traders! As you can see the market was in a strong downtrend! Now we have a reversal move which is moving to the next resistance. We recommend to sell the swing low with a great risk-to-reward of 1 to 3. Thanks and good luck!
The Kiwi saw a nice ~30 pip pullback during the US trading session today after gaining 60 pips over the previous 2 days. With still plenty of room to grow on the H4 RSI and a failure to close below the day's open I see this move continuing on upward this week to at least to the ~0.691 levels where we were before last week's interest rate announcement. If you want...
Good morning, traders. Bitcoin continues to ride the resistance line from the $6000s and is currently sitting just under the McGinley Dynamic. Not a whole lot has changed and the targets from yesterday remain valid today (review yesterday's linked analysis). The 4H RSI did break out bullishly from its descending wedge, though, and is currently sitting just under...
This pair is back at support 14.00 - 14.20 area, for the third time. Each time making a higher swing low (marked by the blue steps). Yesterday's high has been broken, indicating a possible change in direction, to continue the uptrend. Target areas: 14.50 / 14.90 / 15.20 / 15.60 / 16.25.