Technician

Technician

Double bottom and breakout at the confluence of moving averages. Long towards 1.0090-1.0100. Best regards Luay - Technician

Technician

Simply, silver completed an inverse head and shoulders If you are willing to speculate on the pattern, you can wait for a minor pullback before entering. First target at the main falling trend line as shown on chart. Second target at 19.00 resistance level. Good luck Luay - Technician

Technician Updated 

Mates, looks like the Mexican peso may have bottomed against the USD for the near future. Technical exhaustion signals with double shooting star candles on the weekly and a double top pattern completing on the daily. Regards Technician

Technician

IBM showing positive technicals. Completed an inverse head & shoulders bottom and multiple bullish breakouts on good volume levels. Pullbacks are new buying opportunities. Targets on chart. Regards Technician

Technician Updated 

NOTE: This trade was published last week exclusively and privately to my followers As you guys requested, i am explaining the rational behind my short audjpy trade, On the left hand side overall view, on the weekly chart, the price was testing the main long term potential resistance area around 86.50. At that area i was monitoring the price for possible...

Technician Updated 

Looking to short the pair a bit higher as the price formed a shooting star at long term resistance. Short : 0.7230 Stop : 0.7310 1st Target : 0.7110 2nd Target : 0.7015

Technician Updated 

In response for your requests guys to explain the rational behind the live trade we took on GBPCHF. Here is the explanation. On the left hand side daily chart, the price started the bearish behavior on the 78.6 retracement level for the overall bearish wave as shown on chart. As it formed two major bearish shooting star candles. That was not enough for me to...

Technician

As long as we hold above 0.8350 support level the bullish rebound scenario is likely in my view. Only a daily closing below 0.8350 could invalidate this scenario. Near term targets for are outlined on chart.

Technician Updated 

Monitoring the lower time frames for a confirmation of a trend resumption short. Rising trend line The price has broken multiple key support levels 200 days simple moving average Multiple horizontal support levels My Regards Technician

Technician

SIlver is about to complete a three drives pattern . The completion of the pattern accompanied by a bullish divergence on RSI indicates a possible rebound in the coming few days to week. However, this is a framework for a trade, and thus wait for a setup over the short term to confirm your trade or a bullish candle.

Technician

The price has approached a resistance area, The price is extremely overbought. A pause and pullback from this area is likely.

Technician

Friends, I haven't had time to post any of my trades in recent days. So i thought i would post some of the trades I took recently. I know this is after fact, but the aim is just to share the knowledge and experience. I made 4 trades, 3 winners and one loser. I will post them throughout the week as i am taking a small rest from markets during the election...

Technician Updated 

The USDJPY failed to sustain the intraday break above latest swing high and resistance Testing Previous swing high and resistance area among 104.30-104.50 The price formed a bearish engulfing 8-hour candle Bearish divergence on RSI Shooting star candle on the daily chart Targets are outlined on chart, my stop will be a candle closing above the recent...

Technician

As long as the flash crash low for GBPAUD(1.5840) is intact I see an upside bounce. The risk-reward at current levels is very attractive and that makes this trade worth considering. The price is about to form a hammer candle at this major low. A break above 1.6110 imenninet resistance may give further confirmation to the rebound scenario. This is my...

Technician

The AUDUSD has is closer to a major directional move. This is the weekly chart, and therefore this is a longer term chart for you to have a secular view of what's going on with the pair. Bollinger bands has narrowed significantly, as volatility drops. While the price settles at the main long term falling trend line. My strategy for this pair is to wait for a...

Technician Updated 

Just bought AUDJPY on a retest of the prior broken resistance. 1) Short term trend is up(higher highs and higher lows) 2) The price formed a hammer candle on the retest of broken resistance 3) Broken resistance might act as a new support thus i bought on the latest dip. Should be a quick one ahead of RBA meeting minutes. If the trade remains active i will close...

Technician Updated 

I strongly recommend everyone to read the new blog post from tradingview, as it advises users to be carefull from service sellers here at the website. Please read the 5 points caefully here : blog.tradingview.com This is not the first time i publish this post. But some new followers may haven't had a chance to read it.. Suggesting advice on how you approach and...

Technician Updated 

Outlined on chart potential scenarios for oil in the coming weeks. Main scenario is the bullish one! For more thefxchannel.com Technician