The USDCHF is trending down on the daily time-frame, when we drop down to the 4hr chart, we notice the retracement in a form of counter-trend. Now the structure on the counter trend has broken i.e. price broke the last low which by my strategy indicates the end of the counter-trend. To place a trade I wait for the price to pullback to my preferred sell zone which...
I entred the short position using the trend pattern
Hello,Traders! WTI OIL is trading in a strong uptrend And the price broke a strong key level recently Now, we are seeing a pullback and a retest Of the level, that became support This is a classic bullish setup And I think that there is a good chance To see oil moving higher Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Hello,Friends! Based on the technical analysis, and the recent minor fundamental news XAUUSD looks bearish to me overall. I think marketmakers will be pushing the pair down That is why we are going short Like and subscribe and comment my ideas if you like them!
CARDANO broke the trend line because of Coinbase, what's next?
Long Buy Structure From : 119.373 - 119.450 TP1 : 119.885 TP2 : 120.200 Stop Loss : 119.130 This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make your decision based...
I will open a long position after the formation of the first impulsive level to buy on M15, because I see that the price is in the correction zone, take into account the fact that today is Friday and investors will close their positions before the weekend. I also see a false penetration of the level of resistance.
Quiet weekend and bitcoin trading with a bid tone in the asian session. 5560 remains a trigger for higher prices , while 5690 should open the gates towards 6000 mark. Moves are not impulsive just yet so we can still fall into a larger 4th wave consolidation, either way the lookout is for higher to complete larger bullish counts. One thing to notice is the move...
I think price will break below lower trend line, because i think it is following the Elliot's wave theory and also the Wolfe wave theory.
Indeterminate direction of price as no clear signs has been given by the last quarter's closure. Last Quarter's close is below 5MA what gives a bit more power to bearish signals We have a bearish chart pattern (Quarter) Price is currently at 50% Fibonacci retracement area in a relation to previous swing Down Will look for a bearish long-term entry setup...