All technical indicators have been in the oversold area for a long time This is a strong support area on both daily and weekly charts Nothing lasts forever The market will go up with suspicion The weak buy signal on H4 This is characteristic of price after a period of sharp and long decline
Fast analysis of this pair On daily chart: - Price hit the support line and bouced up - MACD signal On H4 chart :
Simple setup by price action analysis No indicator, naked chart -Price hit the support line and retesting it -Price has broken the down channel -Hammer candle appears Price will continue to rise Using a smaller time frame to get good entry points R:R about 1:3
I think the price may be adjusted down before rising again There are some signs of this On daily chart: - Gartley pattern appears - Triple divergence of Stoch - Shooting star at the resistance. However, this is a weak candle On H4 chart: We'll see.
A month ago, I said oil price would fall back to $ 40-42 per barrel The lowest price of this decline is $ 42.07 At the moment, I see some signs that price is rebounding On daily chart : -It still activates in a descending triangle -Price touches the support lines and bounce up -MACD signal On H4 chart : Price was the down channel On monthly chart :
waiting for price action im sorry, rising wedge
On H4 chart: - Fakey pattern appears - Price is at the end of the falling wedge pattern - The momentum of MACD is going up Opening the buying position with this pair. If you trade safely, wait for the price breaks the falling wedge, then buy. Entry : 1/2 the last candle (in Fakey) SL : the bottom of last candle TP : unlimited
On daily chart : -Fakey pattern appears -Price is at the demand zone and an intersection trenlines -Price is at the end of the falling wedge pattern Target 1 :112.5 Target 2 :116 Target 3: 118 Can be buy with this pair If there is another pin bar appears, your job is just to re-order. The stop loss will be placed at the bottom of the last pin bar If you trade...
Good morning! This is what we are looking for. We have a double top pattern.It is a false break. Price was rejected twice. I look at the EUR / USD pair,USD/JPY pair, they are also at the end of the pattern. I also do not expect too much Fed will increase interest rates next time. Let's take a look back at the last time the Fed raised interest rates, how the...
Since 2008 the trend is still down. Now prices are in wave 4, I anticipate it is coming to an end Wave 2 is a ziczac wave, so wave 4 is a descending triangle.This is only the alternative rule of elliott waves. Range : 1.1400 -1.1500 with the very strong resistances in the upper side This is the consolidation zone of the descending triangle pattern and long-term...
-Prices hit the support lines and bounced up -The butterfly pattern at the support lines -Convergence of RSI and Stoch -MACD signal We can open the buy position here, relatively safe.
If the price don't break up 1275.5, it will move down 1249-1241 area Now it moves sideways However, the bat pattern is appeared at the trendline support. The price may be moved up On an uptrend chart ,pro gap is appeared .This is a price reversal signal I look at EURUSD, USDJPY pairs, the dollar is getting stronger So I think the gold trend from rising to...
-It has completed the expanding triangle pattern ABCDE -Prices hits the support lines, we see a very strong marubozu candle -Convergence of stoch
On an downtrend chart, pro gap is appeared This is a price reversal signal If you are not a speculator, buy and hold Don't sell. The rebound points are the opportunity to buy The uptrend will continue for the next few months
This is a pair that I have not seen the price pullback after a very strong downtrend Prices have fallen back support level.I see some signals that prices may increase -Prices have been retest 3 times .It looks like a triple bottom -The shark pattern is now completed -MACD also has to signal If the Gold / Usd pair continues to rise next week, this pair will...
Prices have broken the up channel, sure. Closed the weekend we see a pinbar, It is created in demand zone If the price rechecks the bottom of the pin bar and does not break it, then we can buy We still have to wait Maybe we need some more candles to confirm this. However I think this is a zone high price reversal. The main resistance zone is located in the upper...
-stochastic and RSI divergence -shooting star at resistance -false break at resistance 1263
I saw the opportunity at this pair.We can open the selling position here.This is the confluence zone of many signals - The shark pattern is now completed - The Triple Divergence - Intersection of trend lines Entry, SL, TP ,it's up to you. Do not forget the stop loss order.You have a nice setup, your order can still be a loss order.