Very clear bullish if it breaks the bullish reversal wedge pattern, do overall it's an easy uptrend bullish where the risk is very little to trade. "Again, trade wisely"
It broke the all-time rising wedge on the weekly chart and then it corrected twice forming a double bottom on a 4h chart which is to me a spot-on easy trade for medium and long range tf. Again for first timers this is not a recommendation and please trade wisely.
I reckon there's no need to say anything, the chart explains itself. This is not a buy or sell recommendation because you know that market is quite risky and it no longer follows technical analysis. However that's what i reckon anyway :)
1- Bearish Bat (4H), However, there is a 1H uptrend divergence, so I predict that it can touch the 27000 to 27300 but again dive back to 25000, so depending on the US-China trade war and depending on the FED. cutting the rates and in what period of time will be the strength of shorting, Hence depending on all of the above I believe that shorting the corrections...
1-Clear long time long. 2-Entry point and tp's are shown in chart. 3-Trade reasonably and try to long bottoms not long tops. 4-Manage your risk.
Well, any good trader will understand what I want to say and why from the chart, I believe it's obvious, but still I will explain it technically then fundamentally. Technically: 1- Clear Bullish divergence at daily time frame which I consider a clear reversal or at least it is one of the means that shows that the down momentum is ending. 2- Fibo is already heading...
A real deal, unless a major fundamental circumstance, this is a real deal . A clear long because: 1- Daily very strong bullish divergence 2- 88.6% fibo which is a very strong reversal (it might test it again) 3- up moving wedge which is giving the momentum Entry = 0.39 SL = 0.34 TP1 = 0.58 TP2 = 1.86
Very clear sell setup, all details on chart I rekon Euro zone economy are still in a downfall and there are no fundamental indications to me that euro zone is going to recover soon. Entry zone as in chart TP1 = 1.70500 TP2 = 1.68300 Entry zone = (1.74500 - 1.75000)
1-Bearish Butterfly 2-Rising Wedge E= 2820 SL=2835 TP1=2770
we have 2 patterns in here 1- Double bottom , just finished re-testing and heading up 2- Bat pattern heading toward point D and then reflecting TP= 1.98133 = Approx. 1800 pips
No SL or TP , just an indication that GBP is going to dive, so i suggest fellows traders to short GBP against strong Bullish currencies
BULLISH CRAB ENTRY=106.00 TP1= 111.00 TP2=113.400 SL=103.750
Bullish shark Entry=130.0 Tp1=133.250 Tp2=136.600 SL=127.500