Technician

Technician

Pending long at broken neckline I am looking for an upside correction simply on a double bottom pattern completion. We have the main descending resistance and the 50-days SMA slightly above current level, where we might see a reactive downside pullback and an opportunity to go long. Trading Criteria: 1.Trades are taken in two units 2.First unit would be...

Technician

Major Confluence Zone Previously broken rising trend line Falling trend line that started from 189.70 high 61.8 retracement for the latest main bearish wave 1.27 extension for the latest minor bearish decline 1.618 extension for the latest minor bearish decline Swing high (horizontal resistance at 181.00 Note that this is a "POTENTIAL" Resistance...

Technician

I am not a type of trader who anticipate a pattern before completion, I don't speculate on that, and i don't trade harmonics before they complete. But i saw some good harmonic sequences align here on chart. There is a potential for a harmonic crab pattern completion at point D(Ideally it should complete at 1.618). But am looking for 1.271 move for now. The...

Technician

Watching this confluence 200-Days SMA Rising Trend line resistance 127.1 extension level for the latest bearish wave Shooting star candle Chances for another bearish leg seems above 50 percent for me. A break below yesterday's low at 97.14 may confirm a short trade.

Technician

Looking to short around 0.7690 The pair is in a long term bearish trend The price formed a pin bar at a previous major swing low (0.7680 area). In addition to a falling trend A small rising wedge could be evolving RSI is showing a slight bearish divergence The framework for this trade is looking for a short around 0.7680-0.7690 area, with a first...

Technician

Sideways breakout hints a deep correction! The pair has broken the support of the main rectangle pattern at 1.2370 area. The price has broken the short term 50-days SMA Breakout below the short term rising trend line Measured target for the rectangle pattern suggest a retest of the main rising trend line area as the next possible target. I illustrated...

Technician

A possible trade for next week Minor hourly double top at previous swing high and resistance at 93.05 and 50-days SMA. 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 Trading Criteria: 1.Trades are taken in two units 2.First unit would be...

Technician

Update: Trade is active Update: moved stop loss to entry Update: First Target Hit. Update: Second half stopped at breakeven Check attached screenshot in the comments below for trade on my platform I published a long trade earlier ( ), however i am looking for a short term pullback that could materialize and trigger that long trade. I am looking to short...

Technician

Following on my latest trade idea, the breakout scenario above main resistance was confirmed. I put a buy limit order near the broken resistance, where i am looking to long after a retest to it.. Good luck... thefxchannel.com , visit.. vote and subscribe. Thank you twitter.com My best regards Technician

Technician

A good short candidate along with Google( ) The rally hit a long term resistance at 17.75 before stalling After hitting that resistance, a head and shoulders formation completed on the weekly chart The price broken out below the neckline of the head and shoulders confirming the pattern The price broken below the 52-week Simple moving average A Minor...

Technician

Two Possible Trades: Resistance continues to hold, short trade I will wait for a break below the low of the latest four-hour hanging man at 53.00 to initiate a short. A break below the rising trend line may confirm the short scenario. Resistance breaks, long trade In this case we need at least a daily closing above that resistance. Minimum target for this...

Technician

Dollar index is retesting a key near term support around 98.75, should hold if the bullish bias to resume. A break below it could increase the chances of further correctional bias. I see next support below at the 50-days SMA and 96.60 level. www.thefxchannel.com

Technician

Update: very strong employment numbers, I closed this trade at 1.0170 Shorting on support break within the context of the overall bearish trend Be one of the first members of my new trading portal, check my new website thefxchannel.com , vote and subscribe. Thank you Trading Criteria: 1.Trades are taken in two units 2.First unit would be closed at first...

Technician

Baidu is testing a major confluence, watch for a long trade if it breaks Main falling channel resistance Major 200-days Simple moving average Horizontal resistance and previous swing highs A break above that resistance(220) with daily closing confirms 235 and 250 as next main targets. Good luck... thefxchannel.com , visit.. vote and subscribe. Thank...

Technician

Update: Trade is active Update Stopped out Long on simple bullish breakout Double bottom breakout and stability above the neckline Near term falling trend line was taken Could have completed a retest to the 50-days SMA before resuming overall bullish trend Be one of the first members of my new trading portal, check my new website thefxchannel.com...

Technician

Update: Trade is active Update I decided to close half position at 15.85 and move stop loss to break-even for the second half. Due to potential falling wedge and trend line support. Update: Stopped at break-even for second half...

Technician

Looking for a more upside Breakout above the near term descending resistance shown on chart Completion of a short term inverse head and shoulders Stability back above 0.9600 previously broken support area Bullish divergence on RSI Having said that, no need for more confirmation signals for me. I put a limit buy order at 0.9600. Be one of the first...

Technician

A combination of negative technical conditions favors a short : Multiple breakout below the 200 and 50 days SMA Completion of a bearish double top formation Retest to the double top neckline Shooting star candle at the neckline Ideal mesured target for the pattern is around 518.00 level. A more aggressive target could be at the major long term...