So, we have a standard Head and Shoulders pattern, and we are currently at the Right Shoulder, "almost" at the end of the pattern. Price is currently inside a Box Area, containing many Supports and Resistances from a while ago. In the RSI , at the current moment, price may be confirming a Trend-Line, right after a Bearish Divergence. A Bearish Divergence is...
So, we have a standard Head and Shoulders pattern, and we are currently at the Right Shoulder, "almost" at the end of the pattern. Price is currently inside a Box Area, containing many Supports and Resistances from a while ago. In the RSI, at the current moment, price may be confirming a Trend-Line, right after a Bearish Divergence. A Bearish Divergence is...
THE GOLDEN PROFITS PROPHECY: 09.05.18 Price has hit a Resistance Level with FOUR RE-TESTS ON THE PAST. Wait, let me check my not... THE PROPHECY* It is "said" that price will rush down towards the 1.15671 level. Therefore, you can already decide as to whether place a position or not. Furthermore after it hits the retracement level, price is going to return...
STAGE 1: A small correction has occurred along with the prevailing trend. The correction shows continuous signs of weakness and it is not expected that it will become significant later. Therefore, the market's price is expected to continue on a large supply. Moreover, the RSI is currently hitting a trend-line, tested and re-tested multiple times before....
Right after our last prediction was a little violated, we now have a very clear signal as to what can happen. A divergence has formed. Somehow, I did not know what a Diverge looks like, I just felt like searching for it on Google and notice that we are actually facing one right now. That was weird. Nevertheless, at the moment we are facing with a High following...
H4: As soon as COINBASE:BTCUSD hits the box and closes below the Rising Wedge, run for your positions ! Just kidding. Place your positions accordingly to your trading plan. Targets First Take Profit: 6648.8 If the market closes below this area, look for re-investing your profits. Second Take Profit: 6468.0 From here, it is time to secure your...
USDCAD has been consolidating inside a Trend-line and Channel-line for a few days. And at the moment, price has finally reached the third potential test on the Channel-line (28 Aug - 1.2899), corresponding to several previous tests on this Support Area. - At the second test on the Channel-line, it is evident that the 50.0% Fibonacci Retracement level (1.2957)...
EURUSD: The market may continue to advance as a way to give completion to the pattern it is currently into, but not vigorously. Afterwards the completion of the pattern, we can forecast a certain downtrend taking place. - Leave a like if you appreciated! - João Wood
The past action on this currency pair FX:EURUSD has assembled for us, with precision, the moves in which occurred during the formation of this Major Pattern. As price is currently intersecting with the Neckline, we must first way for a clear sight of price closing considerably above it. Buy after the confirmation, and read this until the end. Moreover, a heavy...
FX:EURUSD has been recently in a downtrend. However, a sudden upturn took place during it and it comes together with heavy volume, which conclusively indicates a change in trend. Price has already closed above the area, so, when possible, you traders can consider placing long positions. - Please, leave you honest feedback if you want to. :-) Happy Trading@@@
A good buy signal, stated by the breakout along with a Swing Low and the level of support.
The chart shows a possible breakout on USD/JPY, clearly stated by the short volume the market has, and three levels of support being tested 3 times in the past. Just remembering, the more times a key level has been tested in the past, the more accurate it can be. Price has also reached a Swing Low, which shows more evidence of a future strong and definitive...