LH - 106.895 (bearish below this level) and continue T1 106.240 & T2-105.755
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Narrow range for traders on daily chart :
Traders, can trade both side and take profit until no-major change in volume and price.
Up-side breakout above 107.075
Weekly chart:
Falling wave(downtrend) inner side...
Trade Setup for "Swing Trader" :-
Plan (A):
Sell 9692-9780 nearby target as 8874-8838 and 8842 nearby
If you can chance, then
Plan (B):
Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby
The U-turn (at 5th wave) clear on Projection in next month. We'll in down-side trend before the starting next...
In-case of price is going cross LH 8952, we can see below projection:
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LH 8955 below, keep continue selling, if reversal exist then price must cross this level above.
Trade Setup:
PLAN (A) : Sell below 8955, for first T 8647 nearby and T2 8459
PLAN (B) : Buy in pull-back if price...
Gold has been very difficult to trade recently, being very choppy and trading within a relatively tight range. We saw on the last trading session of last week price dip into the major supply zone again, and then a strong bullish reaction from this area. The daily close was a bullish candlestick and managed to close above the 1700 handle which is acting as a key...
MOH (Biotech stock) has been consolidating tightly at ATH. There is clear R/S in this name despite the recent market weakness. On the 65m chart, MOH cleared the HVN above 172 and looks primed for continuation next week. Went long at the HVN break and above the intraday higher high.
Entry - 172.96
Stop Loss - 165
Target - 200
I will continue to update this...
Price Range: This range has attracted buyers, one again price was entered into this attraction, and buyers were seen active.
Buyers lost their control against sellers and price was pushed down with average volume.
Invalid Diji / Suspicious Alarm :
Compare to surrounding 3 candles volume, Doji has an extremely low volume that indicates suspicious...
Hello! Friends,
I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance.
Bitcoin is following channel which was drawn by me on 11th APRIL (I will put the link and result bottom of the page)
The breakdown point is important for long traders. I will update the new...
Hello Friends,
Today i'm looking for a buy on AUDUSD for the following reasons:
1. Coronavirus fears have greatly impacted the financial markets, with JPY and GOLD having all the fun, but this rally has slowed down. Any positive news regarding the spread of the virus will send markets back into risk-on mode
2. EURUSD has approached 1.10 Support once again, So...
I started a position on RH based on some nice patterns on the Daily Chart. RH had been in a pullback phrase after making new all time highs in December. On 1/13/2020, RH pulled into and rejected two different key support levels - the 50% Fibonacci Retracement level and the 50DMA Pivot. A hammer also forms on the 30m timeframe where these two key levels are...
INTC has recently made new all time highs and is forming a tight flag pattern on the daily chart. This trade setup is called the First Flag and the setup triggers when a flag forms following a new high after a long multi-month base. The flag on INTC also forms right above the breakout point and the 38.2% Fibonacci Retracement Level. My gameplan is to sell 1/4th...
SSRM broke out of a 4 month base in December and has been in a pullback for the past 2 weeks. I've been watching SSRM to go long on this pullback and the trade setup finally triggered. SSRM had pulled back into a key area of support - the previous breakout area and the 38.2% Fibonacci retracement level. Furthermore, a bounce at this area would be considered a...
I went long BIG based on the Bullish Candlestick Patterns and the chart pattern on the 30m timeframe. In the past 2 days, BIG has printed 2 Inside Day Candlesticks in a row near highs. These candlestick patterns are a predictor of future volatility and usually prices goes in the direction of the current trend. Zooming into the 30m timeframe, a flag pattern is...
I went long DSSI today in the morning, based on yesterday's price action. After failing to hold highs DSSI has been in a pullback phase for the past week. Yesterday DSSI printed an average to high volume hammer at three key levels; the 50 DMA, the original breakout trendline , and 38.2% Fibonacci retracement level. My entry was 15.44 with a stop loss at 14.80....
