Technician

Technician

Friends who were following me when I first started publishing at tradingview are familiar with this experience, where I started a journey to 100 Trades. Trades in real time, with clear entry and exit points and market fill, constant updates and performance tracking. The previous experience was a success and we ended with more than two thousands pips of...

Technician

A key long term resistance was taken and we have seen stability above it through multiple weekly closing. Would love to see a pullback towards that broken resistance which could reverse role to support now to long the pair. Next likely resistance and upside target at 2.2250. Good luck Subscribe to my trading portal thefxchannel.com , My best regards Technician

Technician

The price could be heading to resume upside if support holds The pair is retesting the neckline for an earlier double bottom formation at 0.9350. Chances for a rebound is good from current levels. I am long from current levels. However, the price is facing the cluster of 200 and 50 days averages and the descending resistance, which could stall there, so i...

Technician

Short term Upside favored, but 1.9000 remains the key support The pair has been trending higher recently. The short term trend is up, while price hits recent support area , meantime stochastic signals oversold.. We could see a push higher towards the recent high at 1.9173. Alternatively, if we hold below the recent support at 1.9000 , we might retest next...

Technician

Market Breadth HIGN/SPX: The number of Stocks contributing to new highs continues to deteriorate and we haven't seen any improvement despite the gradual upside seen in Stocks indices.. This is the percentage of stocks on the New York stock exchange making new highs divided by the whole spx. The breadth shows that the bull market continues to be driven by...

Technician

Potential Scenarios for Brent Oil Today was a minor hammer at the 50-days SMA and the rising trend line. We could see a bounce here for a retest of 63.90 broken support, which might turn into resistance. So, one scenario is to speculate on the resumption of the bullish trend, where a break back above 64.00 and the minor falling trend line for the recent...

Technician

Retesting the key resistance area, watch out for a breakout or a reversal. A breakout would confirm a possible short term bottom and a retest of highs. Good luck Subscribe to my trading portal thefxchannel.com , My best regards Technician

Technician

After a one week travel vacation, i am glad to be back mates. Starting with a long trade on EURCAD On the monthly chart we have seen price form a hammer candle as it was rejected on the 61.8 retracement for the major bullish wave (1.2128-1.5585). Meantime, on the daily chart, the price could be forming an inverted head and shoulders with a potential right...

Technician

Update: Full target hit Update: First Target reached. Closed first half and moved stop loss to entry Looking for a dip as the price failed to maintain trading above 1225.00 main horizontal resistance, while RSI showing a bearish swing failure divergence. Good luck Subscribe to my trading portal thefxchannel.com , My best regards Technician Trading...

Technician

Copper made an impressive run higher. However, watch-out, it's retesting a key area. A previous horizontal support which might turn now to the main resistance. The falling trend line The 52-week Average. Could be a good place to look for short trades as a first scenario.. Unless that resistance breaks, which could signal more upside. Good luck...

Technician

Clear horizontal resistance area here, that may provide a trading opportunity. Watch for a breakout or a reversal. Note: A breakout would complete an inverse head and shoulders. Good luck Subscribe to my trading portal thefxchannel.com , My best regards Technician

Technician

Recently the price broke above the 50-days SMA and completed a non-ideal inverse head and shoulders pattern. Supported by bullish divergence on RSI. The price was halted at the main descending resistance, retreating towards the broken neckline for the Inverse H&S and the 50-days Average. I already have a long position active, however the for a better...

Technician

Breakout below and weekly closing below hammer low could extend the bearish leg even lower. Threatens for next rising trend line and 52-week average retest.. Good luck Subscribers to mailing will get one month access to my trading account . Subscribe here thefxchannel.com , My best regards Technician

Technician

A good level to watch for trades for short term traders, watch for a rebound or breakout. Good luck Exclusively Subscribers to my mailing list will get one month access to my trading account . Subscribe here thefxchannel.com , My best regards Technician

Technician

Update: Excuse me for the broken chart, here is the correct support level -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The spike in yields in my view has been over stretched, and could turn around very soon. The markets may...

Technician

Long term rounding bottom, may lead to a long term bullish trend. However, some resistance need to be taken to confirm the trade. Watch 2.1035 resistance level, as a if broken will probably test 2.2465 as a first upside target. Good luck Exclusively Subscribers to my mailing list will get one month access to my trading account . Subscribe here thefxchannel.com...

Technician

It seems like the pair is heading for something big soon, probably a bullish resumption of the overall bullish trend? The price has been testing that previous swing high and resistance-turned-support. Forming multiple monthly pin bar. Zoom into the lower time-frames , e.g Daily and Watch this chart for a trade Good luck Exclusively Subscribers to my mailing...

Technician

Looks like EURJPY is testing a key resistance here, watch out for short term bearish bounces. A breakout above that resistance more precisely the top of this resistance region at 1.3667 may also signal good long setups. Good luck Exclusively Subscribers to my mailing list will get one month access to my trading account . Subscribe here thefxchannel.com , My...