Im looking at the daily and a wick fill not super confident because of ema on daily
Could see it going down to the bottom side of the channel or stopping halfway and making its way back up.
Pretty simple stuff, broke resistance and came back for last kiss, my analysis is leading towards the down direction. Keep semi tight stop losses if you are gonna hold over night though. GBP CPI (consumer price index) is coming out tonight which will drastically move the market depending on how the news is received. From a technical standpoint, there are a lot of...
FOLLOW ME FOR DAILY ANALYSIS Based on obvious current trend, it is forming a triangle and usually breaks out following the trend on symm. triangle.
Follow the trend line up, first will dip down a couple pips then go up to meet the resistance.
FOLLOW ME FOR DAILY ANALYSIS AND TIPS Hit MAJOR resistance on the daily which looks like it is getting rejected and is retracing, I'm looking at a short on this chart easily. A lot of pips to catch with this formation.
FOLLOW ME FOR MORE CHART ANALYSIS AND HELPFUL TRADING TIPS Met MAJOR resistance and fell. Met MINOR support and fell passed it, went up for a last kiss now, a good bet it will keep going down to meet the zones I laid out. P = Profit target. P1, P2, P3. Easy as that. Do not over complicate your charts! Charts follow a pattern of support and resistance! Study...
Short term a good short as rejected resistance now forming a down trend to support line.
FOLLOW ME FOR MULTIPLE TRADING ANALYSES DAILY As you can see from the chart, it just hit a MAJOR resistance line which is a good indication that it will go down based on recent price action but wait till you see confirmation of this prediction, a big mistake most traders have, and I am guilty of this from time-to-time also is jumping the gun too fast before the...
I marked good entry points depending where price is going, its forming a triangle, a classic breakout move depending where it decides to go. Personally I would put both a buy and sell stop at entry points I marked on chart. S/L and T/P just depends on you as a trader and how much you are willing to risk.
Losing momentum good short opp. wait for confirmation hourly candle
EU formed a double top and is now losing momentum which is a good indicator that it is about to go down. I am waiting for the hour close for confirmation on this trend reversal though. We will see.