FieryTrading

FieryTrading

EUR?NZD is strictly following a wedge this year. Today it bounced off the lower support line, signalling that the price will follow this wedge in the near future. Be aware for the red marked area, as its the upper resistance line, where the price has a high probability of reversing.

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EUR/GBP is preparing to bounce of the lower trend line of the multi-month wedge it has been following since March this year. Before entering this trade, please wait till the bounce has been confirmed. Your risk-reward ratio may be lower than entering the trade straight away, but winning a small trade is better than not winning at all. Keep an eye out of the red...

FieryTrading

CHF/JPY bounced off the lower trendline of the wedge, starting a short-term bullish move of an expected 100 pips. Consider exiting your position around the red area of support. Chances are that CHF/JPY will reverse and follow the multi month wedge. In case it surpasses the uppr resistance line, watch out for the blue dotted line as it functions as a strong short...

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AUD/USD just broke out of its 6-week wedge. Sufficient force behind the break-out can trigger a strong bullish move in the coming week. Consider unloading some of your positions around target area 1. If this area doesn't result into a short term bearish reversal, consider target area 2 as a place to sell your long position.

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For over a month LINK/USDT has been following this channel. Keep an eye out for RSI and channel bounces in conjunction, signalling strong reversal moves. If LINK/USDT manages to stay within the channel, prepare to see the price ascending to the $13 range within two weeks. Check out my other idea below. Link could be gearing up for a new all-time-high! 🚀

FieryTrading

EUR/USD has bounced of the 3-month low yesterday, signalling a bullish move. The rejection of the support is accompanied by an oversold RSI, making the upward move much stronger. Consider taking profits when the price has reached the red area. Chances are that EUR/USD will follow the drawn wedge for the coming weeks.

FieryTrading

EUR/CAD has been inside this wedge for over 3 months now. Since the weekend EUR/CAD has bounced off the green support area, signalling a move towards the upper trendline of the wedge. A great exit strategy would be to close your long trade as soon as its inside the red marked area.

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For a few months NFLX has been trading within a horizontal channel. Historically the marked areas have functioned as trend reversing areas. Today we see a bounce from the area of support. Does this signal a start for a new short-term up trend?

FieryTrading

Since Google’s last earnings hike a bearish divergence signal has emerged on the 4H chart. This divergence was accompanied with a massive sell-off after the earnings hike, resulting in a 4% decline. Large sell-offs like this could indicate a trend reversal. The 30 October high has on its turn shaped a wedge for us which we can act on in the coming months. The...

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The SP500 seems to have completed a classical bullish pattern, the double bottom. We might have a few sideway days ahead with the elections coming up, but after that I expect the SP500 to rise again. A conservative approach would be to wait for an entry till next week. After arriving at the area of resistance, consider taking some profits since the SP500 might...

FieryTrading

NZD/CAD's price is continueing its path within the wedge on the 4H chart. Every time the wedge's trendlines have been hit, the price reversed strongly. Potential setup would see a 130 pip profit target upon hitting the lower trendline-area of the wedge. Be careful for a quick rebound after the price has entered the potential exit area.

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XEM/BTC has been in a massive decline since early September. As of today, the RSI and MA200 are showing signs of recovery! Over the past year, the daily RSI has been a good indicator for short term reversals, big and small. This time, however, we see a strong rejection of the MA200 accompanied with a reversal of the RSI. With the RSI being greatly oversold at 20...

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A multi-month wedge has formed on the ETH/USDT chart, within it upward channel. Something big is bound to happen as soon as the price breaks out of the wedge. Personally, I see a big chance that ETHUSDT will continue rising within its upward channel. In the coming few months my price target would be $500. Keep an eye out for break-throughs in the marked long-...

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Ethereum is approaching a critical point in the ascending channel. Bouncing off this channel could result in beating the September highs of 0.04 btc. In case you’re looking for a possible entry, wait till the bounce has been confirmed. It has to close above the 0.03 resistance line before it can continue its rise to 0.04 and...

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Over the past two years LINK has been bouncing off the daily MA200 on the logarithmic chart, resulting in a rally over 7000%. In the coming month the chances are that it will hit the MA200 again. Looking at the past, getting close to the MA200 will result in a bounce with >100% growth each time, resulting in new all-time-highs. Will LINK bounce and ascend to new...

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BNB broke through the September – October wedge, as well as the MA200 on the 4H chart. Most bullish scenario would be a quick bounce off the $26 area to continue its long-term bullish path. In case it breaks through the $26 resistance, resistance 2 @ $22 and resistance 3 @ $18 are next. The latter being quite unlikely. In case you’re looking for a short...

FieryTrading

If you’re long in Bitcoin, beware. Two big resistances are both being hit at the same time. First there’s the 2019 high. Secondly, we hit the upper limit of the upward channel since march. My advice would be exiting your short- and medium-term investments and look for a new buy-in around $12,000. I’m still long-term bullish on...

FieryTrading

Since August Brent has been in a downward trend, inside a channel. Both RSI and the channel itself show strong signs of reversal. This trade is quite a risky one since we will be trading against the trend. After the resistance has been hit, be wary of a strong reversal in continuation of the downward trend. A stop-loss around $36 will minimize losses in case of...