Looks like an ideal trade setup ready to break in the very near future. Stock in NTB on TD so hope it can be played either way. 44% downside 54% upside. Not concerned with which way it goes if it stays NTB. DO NOT HOLD overnight. finance.yahoo.com 1.25 CAD = .93 USD. I'm leaning to short and lines up with support. Slam Dunk?
There was resistance found off the weekly MA and then not long after we broke through the support and we are now getting rejected off the weekly trend line that xrp has been riding since last year. If the rejection continues at the current level and its unable to break back above 0.34, then the current bearish momentum will take us lower, below 0.28 in the near term.
Welcome to this analysis guys on todays bank holiday. We are looking at the CHFJPY on the 1h time frame. There was a clearly bearish trend line, which was broken to the upside and got retested. The retest happened with a pin bar or a so called wick. A good indicator about a trend change. My favorite divergence is also in place. It is still possible to enter...
USDCHF pulled back to structure around 1.01890 will be a good area to short SL : 1.02190 TP : Follow arrow
EURUSD* The technical cross-section**: Trend: -1 A strength of trend: -2 Overbought/oversold : none The priority area of transactions : selling Selling in the area of 1,1200 with a stop above 1,1230 and a profit in the area of 1,1150. Selling in the area of 1,1260 with a stop above 1,1290 and a profit in the area of 1,1200. GBPUSD The...
Hello traders, TraderNoxtreme back with you weekly Litecoin in depth. Please like this idea if you agree. Subscribe if you want more. Sentiment: Crypto seems to have shaken off the news from last week. Ill be honest; I took the week off last week from my in depths because the fud was making me doubt what the charts were telling me. It was a mistake to not act on...
Hello traders, TraderNoxtreme back with you weekly Bitcoin Cash in depth. Please like this idea if you agree. Subscribe if you want more. Sentiment: Crypto seems to have shaken off the news from last week. Ill be honest; I took the week off last week from my in depths because the fud was making me doubt what the charts were telling me. It was a mistake to not act...
I see clean lower highs and a flat support. This descending triangle has a 70% to break down and a 30% chance to break up. Seems like a good shorting opportunity to me. Just use proper SL
EURUSD* The technical cross-section**: Trend: -1 A strength of trend: -2 Overbought/oversold : none The priority area of transactions : selling Selling in the area of 1,1200 with a stop above 1,1230 and a profit in the area of 1,1150. Selling in the area of 1,1260 with a stop above 1,1290 and a profit in the area of 1,1200. GBPUSD The...
The US's trend remains unchanged: strongly bullish. After yesterday's decision taken by the FED, which decided to keep rates unchanged, investors reacted as analysts had expected. Without excessively increasing of long positions but keeping prices stable.When President Powell's conference began, he said that even if the US economy is stable now. The inflation...
STNE has my interest for a swing coming into earnings. Earnings could be the catalyst for gap fill but could also dump it if the competition has hurt them. More research needed. Earning 5/19 Target 34. Hope for gap fill before earnings which would have me taking profit before earnings. New solid base of support and confirmed daily uptrend. Golden cross on shorter...
Simple Bearish Flag breakout and Retest. Will be falling hard soon
Currency Pair: USD/JPY Date: May 03, 2019 This is an application of the few rules I have learned about trading forex. - Support and Resistance - Pattern Trading - Price Action - Trends Some thought on this pair: The pair is kind of wedging up. It is creating a point of pressure in that price will have to either do one of three things. (1) Bounce (2) Break (3)...
BTC Weekly Looks extremely bullish: Daily, looks bullish: Below 4880, then we will likely see 4500. Position: Entry 4996.5 Stop 4927.5 Consolidation between 4500 and the highs for a few weeks creates a very tradable range and builds pressure for a test of 6100-6200 area. Will be watching closing for divergences of the daily. Prior false breakout above 5300...
Divergences on daily should be good for a nice dead cat. Higher time frames do not suggest this is the bottom yet. Divergences on multiple indicators including the OBV, which is a leading indicator. If divergence fails exit quickly. Bearish trend exhausted for now, with the potential to resume after a return to the mean. Previously failed divergence on the OBV...