On the daily chart is a symmetrical triangle forming which should lead to a nice up move if price breaks through.
It looks like price is forming a symmetrical triangle on the SOL/USD Daily chart. If Price breaks the upper line then that is very bullish and we could expect price to go to around 230 USD next. This is no financial advise and no trade recommendation.
I we break the last 4H swing high at 3684USD I will go long with a first take profit target at 3844 and second profit target at 3980.
Pullback trade in downwards direction with stop below the last swing low (1h). Risky trade against the short term down trend but I could place a close stop. Price changed direction and I closed the position with a good profit (4,7%) once price reached a resistance zone.
ETHUSD is showing a clear RSI divergence which usually indicates a price correction is imminent. I would welcome if the ETH price gets a healthy correction since current increase is not sustainable in my opinion.
The EURUSD is in an extended down move and getting close to previous significant event area's. At around 1.05500 there is a good chance that we will see a correction move up to the 100 EMA. Once price reaches the level, it might be good to look on the 1 hour chart for a 123 reversal pattern for trade confirmation to the upside.
Price reached a very strong support level that might cause a reversal on the upside. I wait for a trend change on the 1H timeframe to enter a LONG position.
My view is that we might see the E/U breakout soon to the upside but since we had some strong rejection last week I expect a (last) move down first. Once we reach the 50EMA Level I will look for LONG entries on the 1H timeframe
Since the overall Trend is still bearish on the higher timeframe and last week we got a fake breakout on previous structure level, I am looking for short opportunities (Trade entry on the 1H timeframe once signal occurs.)
Following a fakey on previous support level I am looking for a LONG entry if price can break through the trendline. Risky setup since against the larger trend.
G/U is still in a downtrend on daily basis and currently within a triangle formation. Based on my view of the 1H Chart, there might be sign of a breakout to the up-side.
The U/J made already a long move down and I am anticipating a correction move coming soon. If the downtrend line on 1H basis can be broken by price, I would wait for a retest of that trend line and if successful enter long.
The U/J is currently at a strong support level. While the overall trend is still DOWN, there might be chance to get some pips on the Long side if the price can make a bounce from the support level and breaks the downtrend on a lower timeframe like 4H or 1H Chart. A Target level in this scenario could be close to the upper line. (This is no Trading recommendation...
Very nice short signal on USDJPY. The overall trend is down The current correction move has some space to the left A bearish engulfing bar on daily basis is formed that supports a further move down FX:USDJPY