Here I drew very simple idea - support and resistance levels are on GOLD quite clear now. I can see an interesting short opportunity with entry just below the resistance as depicted. We set take profit in the support zone. We set support on 2371.12 to be on the safe side (not to be washed out by upward squeeze).
Head and shoulders pattern, neckline should be broken soon. Either wait for strong break or neckline or you can enter short trade just now. More later, good luck
Hi guys, I spotted head and shoulders pattern in making on GOLD as you can see on the chart. It is interesting, that we do have confluence with nearest support level and neckline of H&S. It could be a good idea to wait for breaking both neckline and support level, ideally with some high volume. After that we could go short to the next support. Please tell me...
I have spotted an interesting formation on this crypto pair. I believe we should go short now. Please feel free to comment :)
I have noticed this interesting setup - you can see CCI under sinking under 100, proximity of strong restistance levels and even tail pattern. So let's try it :)
I just want to share with my thought on BTC today. As happy as I am about a current bull run, I want to be cautious and secure the profits with protective stop-loss (only to buy more bitcoins on lower price :D). I think the level 22420 USD makes sense as the long shadow reached there. Please tell me your opinion in comments :) Stay safe !
I have spotted head & shoulders pattern in making. I combined it also with support and Fibonacci. In my opinion this can be an interesting short opportunity. Trade safe and good luck!
I will be brief. Important support was broken and there is a very nice wide space for a short trade. SL as on the chart, TP you can set as it suits you.
We can see a very nice NANO uptrend. Important observations: On D1 - 11 and 22 EMA are aligned in uptrend formation on H4 there is trendline supporting the uptrend on H4 we can see long green candle with quite big volume (which is also a good sign). As I hold some NANO at the moment, Im waiting for uptrend continuation and looking for the right moment to go to...
Very nice Head and shoulders pattern as described. Wait for the neckline to enter short trades :)
I just see a nice buy opportunity for EURUSD - you can see supporting trendline and also volume by the last bounce on 30M looks good. I will give it a shot. SL and TP on the chart.
We are moving in a downtrend channel and I suppose the next target is 3600 USD. Im waiting for a good entry near upper trendline. Oscillators can help us determine the entry - according to previous values I expect RSI > 50 and Stochastic > 80 or at least nearby these numbers.
Just a short notice - I think BTC is going up at least to 4300. Downward trendline was broken in direction up.
As described in the chart - RSI and Stochastic confirms bounce of support. It can be interesting to enter long trades.
I see a potential bounce from resistance levels of EURAUD at 1.61 and 1.62 - as described. On the fundamental side - EUR has not very strong fundament. I hope AUD GDP could be positive - that could help this trade pretty much. Anyway, the resistance level @1.62 should hold. Trade safe and comply with money management rules. Good luck
Just a quick though - as you can see on my chart - AUD gradually strengthens, but I suppose it will bounce back from the resistance zone. It could be a wise idea to go short after price action confirmation. For those feeling lucky there is a small long trade in the upside channel.
As described - I noticed that upside channel was broken and now it makes sense to search for good entry for short trade on the upper trend line of newly forming downside channel. Updates later.