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Technical-analysis

EURUSD analysiswith relation to USDCAD analysis (check recent post) can see a steady bullish sequence as price creates from recent impulses - structure - continuation price is currently ranging and new opportunities are presented at the bottom/top of these ranges like USDCAD, there is no reason in why price cannot reach recent lows (an alternative scenario) - as of why patience is key simple presentation - the deeper meaning is within the waves - mind games many blessings ahead! good vibes only anticipate - react - execute cheers
by justdame
GBP/USD H1 - SHORT into 1.21635?Hi guys, hope you all had a successful trading week! :) What I'm looking at currently is the H1 Timeframe of G/U. The bullish moment that defined the last trading week for G/U has been slowing down completely at the 1.24820 S/R ZONE, noticeable by the repeated printing of small indecision candles at the zone, failing to close above it. In addition to that, we have finally broken the ASCENDING TREND-LINE that G/U has been riding on in the last hours on Friday before the market closure. If we zoom out into the D1 Timeframe & draw the fib retracement from the top to the bottom of the last swing, we can also spot that we are currently sitting between the 0.5 & 0.618 fib levels which is being rejected right now, indicating that the golden zone between the 0.5 & 0.618 is holding. I'm looking to short on the retest of the broken trend-line & S/R at around 1.24820, scaling in positions when its cascading down the previous mini S/R Zones, aiming for the wick at 1.21635. Summarizing the Set-Up -I'm looking to short on: - the back of S/R at 1.24820 - retest of broken ascending trend-line - Golden Zone D1 fib zone between 0.5 & 0.618 fib levels Friends, thank you for taking a look at my analysis for the upcoming week, don't forget to LIKE & COMMENT, so that I can see what you guys think about my analysis! :) Take care! & wishing everyone a nice weekend...& a profitable trading week ahead :) Noel Schwarz
Short
by WyredFX
2
Support And ResisitanceThe support and resistance should guide with the next price movement, if the price falls to the support it should be time for execution predicting for rally to resistance for a very short term trade and if the price breaks the resistance, the execution with should be made with a tight stop loss. As we can also consider the Golden Crossovers in Exponential Moving Averages ie: 20-50, 20 & 50 - 200. Further study should be made. Thanks & Regards Mohammed Azhar Localogist Trading Co.
NASDAQ:AMD
by localogist
Tesla (Revised Elliot Count)The retracement down for the original ABC i posted was a bit too deep, had to go back and re adjust the Elliot Count. Since originally i had the bottom at $560+ going below that and below .618 brings me to my bear count. Overall market is in a bear market phase now as well. So I will now be expecting a lower low on Tesla, current impulse up is on falling volume so i expect this rally to fail. Sorry but Tesla is not ready for higher prices and instead heading for lower lows. Not a financial advice.
NASDAQ:TSLA
by Elliot618
2