Technician

Technician

The next potential key resistance area to watch for the NYMEX light sweet crude over the near term.. watch for a reversal or a breakout. A good trade could be at hand soon. www.thefxchannel.com visit.. vote..subscribe

Technician

Looking for a re-active bounce of resistance The price hit a key horizontal resistance outlined on chart around 1222.00, formed a hanging man and attempting to close below the low of the candle and that would confirm a possible bearish move in my view. RSI is showing a negative divergence as well.. I will wait for the running four-hour candle to close below the...

Technician

The next potential key long term and MAJOR support area to watch for Intel. watch for a reversal or a breakout. Note: A breakout below that support could signal a major trend reversal. Regards; Technician www.thefxchannel.com visit.. vote..subscribe

Technician

Original Trade Trade Update: Following the trade setup i suggested in my earlier post , the price triggered entry by false breaking the main falling trend line. However, failed to sustain the breakout to settle back below it, establishing a new structure of lower highs and lower lows. And that maintains the overall bearish bias i have. Now, I would suggest...

Technician

Rectangle pattern is obviously a sideways consolidion or range pattern. The price tend to find demand near the rectangle bottom and oppositely, it finds supply at the rectangle top. Shorting rallies towards the top and buying dips towards the bottom is the favored strategy to deal with rectangles, until PROVEN wrong through a breakout and daily closing. The best...

Technician

The key support area to watch for the SPX over the near term.. watch for a reversal or a breakout. www.thefxchannel.com visit.. vote..subscribe

Technician

The next potential key support area to watch for the AUDCAD over the near term.. watch for a reversal or a breakout. Note: could be a good area to scalp longs.. www.thefxchannel.com visit.. vote..subscribe

Technician

Update: Trade is active Update: Closed first half at first target. Stop loss moved to break-even Update: Second half stopped out at break-even Going Long as price hits long-term Support The price has hit a long term support area, much clearer on the monthly chart. On the daily chart above, we have see a bounce higher and a break above the latest swing high...

Technician

A potential head and shoulders with a neckline around 94.20, watch this if it breaks we will probably retest the lows. www.thefxchannel.com visit.. vote..subscribe

Technician

I am looking for a short-term setback here as the price was rejected noticeably of the 50-days SMA and near the 50 percent retracement level. Stochastic enters overbought region. 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...

Technician

My previous long on USDJPY was stopped out on today's spike down. However the price retreated again higher, found strong support and formed a hammer candle with a major lower shadow..The USD continues to show renewed buying demand across the board. I have to admit, It's mentally hard to re-enter on the same pair after being stopped out. However, challenging your...

Technician

Shorting within the context of the overall bearish trend Overall long term trend is Bearish. Series of lower highs and lower lows remain intact. Break down below the low of the recent doji Failed to hold above 94.00 resistance Potential lower high and resumption of the bearish wave Be one of the first members of my new trading portal, check my new...

Technician

Update: Trade is active I shorted WTI crude few hours ago -Three-drives pattern -Major horizontal resistance -50-days Simple moving average -Overall trend remains bearish 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...

Technician

Update: Trade is active Update: Stopped Out I am looking for a bullish rebound within the context of the overall bullish trend. The price formed a major long-legged doji candle today 50-day SMA acting as support 38.2 retracement level is holding Rising trend line acting as support Thank you for reading , be one of the first members of my new trading...

Technician

Hanging Man is a bearish candlestick pattern, however for me, the low of the candle should be broken to confirm any short trade. Good luck.. www.thefxchannel.com .. visit.. vote..subscribe

Technician

Hammer at previous low, watching for a possible long trade here as long as the hammer low is intact. www.thefxchannel.com visit.. vote..subscribe

Technician

The next potential key resistance area to watch for the EURGBP over the near term.. watch for a reversal or a breakout. Note: could be a good area to scalp shorts.. www.thefxchannel.com visit.. vote..subscribe

Technician

Update: Trade is active Update: First target achieved Update: Full target achieved Following on my previous analysis ( ) where i was looking for a trade either on a break above that key resistance at 0.7900 or on a confirmation of a bearish reversal. I see a downside pullback coming and therefore looking to short a bit higher for a better risk-reward. I...