Technician

Technician

Update: Trade is active Update: First Target Reached, closed half position. Update: Second half stopped out at breakeven Looks good for a short trade : Overall long term trend is Bearish Major rejection and Gravestone doji at previous major low and resistance level 200-Days Simple average covering price Falling Trend Line Short term Bearish divergence...

Technician

It's likely that Xerox shares will resume the bearish wave following the ongoing pullback Potential head and shoulders Long term trend line break 52-week Simple moving average break Bearish divergence on RSI I am expecting a retest of the major horizontal support at 12.10. A beak above 14.00 will probably negate this scenario. Thank you for reading ,...

Technician

AUDUSD is attempting a breakout The price has managed to break the resistance of the main falling channll Closed above the 50-days SMA Bullish divergence on RSI Retesting the latest major swing high A break above this latest LH at 0.7900 might confirm further upside as the price would invalidate the structure of lower highs and lower lows, recording a...

Technician

EURUSD is showing some signs of life again, after the major sell-off we have seen in the U.S. dollar on Wednesday, However, most of Wednesday's gains were erased yesterday, in a heavily volatile few sessions. What I am watching , two possible scenarios: I am expecting another test of 1.1036-1.1113 resistance area, I would look for long signals towards that...

Technician

Update: I bought part of my planned position without confirmation at support s27.postimg.org .. I am looking to add now. The price is approaching a key are: Confluence of two major support levels(Previous major swing high on daily and weekly charts) 50% retracement level for the bullish wave starting from january 161.8 extension for the latest bullish...

Technician

Simply stated i am looking to short a bit higher on one more retest towards 0.7287 resisance level. The price was rejected at that resistance, formed a long legged doji candle. RSI in overbought region while over all trend is bearish. Thank you for reading , be one of the first members of my new trading portal, check my new website thefxchannel.com , vote and...

Technician

EURGBP Technical Analysis The overall trend remains clearly bearish, however the price has managed to gain some grounds in recent days, pulling back higher and retesting the short term trend line and the horizontal resistance area starting at 0.7218 and extends to 0.7238. A good area for shorts if we assume the bearish trend will resume. So i suggest watching...

Technician

Update: Cancelled this trade due to FOMC today. A simple trade based on short-term trend identification. The assumption is: If the bearish trend to remain in play, the latest swing high and resistance area from 1.0640-1.0683 should hold. Having said that, a short position based on this assumption is favored. Supported as well by the falling trend line for...

Technician

Spotting the highs and lows is the most important basic analysis approach, which will make you able to identify the ongoing trend If you spotted the series, you should expect that this series of Higher highs & Higher lows or Lower highs & Lower Lows will continue. WHERE a break of this series is the first and most important signal of a trend reversal. ...

Technician

The arithmetic mean or average for the four biggest European equity markets have broken long term key levels, signalling a potential a sustainable long term bull market for the years ahead. Dump U.S. , Jump Europe? Good luck, keep your stops tight.. thefxchannel.com twitter.com www.facebook.com plus.google.com My best regards Technician

Technician

Simple lines? A chart trader, should be a believer. Believe in price. Believe that price tend to move in a unique rhythm, where the technical tools we apply, and experiments we do on a chart are our way to understand this unique rhythm. " Why do prices bounce of a rising trend line? it's just a line mate? this is really silly, you technicians believe that...

Technician

*Correction: It's a LH not LL on the weekly chart This is an attempt to demonstrate one way I use to approach the market and find potenital trades. Starting from the higher time-frame - Weekly Chart identinfied highs and lows to clearly identify the trend(Bearish) Drawn the main falling trend line, and the fibonacci retracement levels. The latest upside...

Technician

Let me try to explain what do I mean by saying that my main indicator is the price. The AUDUSD continues the journey within the main bearish channel. The Structure of lower highs and lower lows remain intact, and continues to evolve. The price resumed the bearish trend after completing a pullback towards the resistance of the channel just below the 50-days...

Technician

Watch-out España traders, the IBEX is challenging the major key long term sideways resistance or ceiling. Typically, in sideways markets, we expect price to reverse to the downside. However, this time might be different, as the price test the level for sixth time. The latest test(March 2) was followed by a minor pullback and a bullish pin bar. I would think...

Technician

Update: Trade is active This is a hypothetical trade. However, Technically, a trend following trade looks imminent. The overall trend remains bearish The retraced towards the main falling trend line and 50 percent of the latest bearish wave Another key horizontal high is at 310.00. RSI near overbought Having that said, odds favor a short...

Technician

Update(March 5): First target reached, moved stop loss to break-even. Update(March 9): Full target reached. I have been publishing multiple forecasts for the past few days, the price indeed reached my targeted resistance area at the 50-days SMA and 0.7620 before forming a bearish pin bar, which suggest a potential setback and resumption of the overall bear...

Technician

My previous trade failed and was stopped out (). However, i am giving this setup another shot at a better level with a better risk-reward, as the price retested areas near the bottom of the range at 47.40, forming a pin bar. Crude oil might be heading towards the top of the recent sideways range, the price has broken above the main falling trend line(thick...

Technician

Update: The trade is active Update: Stopped out Regardless of the latest strong bearish wave, the structure of higher highs and higher lows hasn't been broken yet, as the latest higher low is still intact and that keeps the short term bullish trend valid and hints a potential rebound as price attempts to maintain this structure with a new higher low. Having...