The counter spiked up from the bottom.
However, the critical resistance at 0.91918 is capping the rally.
The MACD indicator which was bullish is also ebbing.
Hence, we expect the resistance to hold and flush down the pair to the lows.
The counter is in a long-term consolidation phase after a mammoth sell-off.
Now, the pair is at its bottom end of the range and has formed a double bottom pattern in the 30-min chart.
Hence, we expect the pair to move to the resistance level of 108.474.
Gráfico diário - Tendencia seguida por ondas de Elliott curtas , porém com uma tendência estruturada. O ultimo candle da onda C mostra uma força compradora com diferença positiva entre os preços de abertura e fechamento de U$664,54 (Binance), sua máxima atingida foi de U$11.100,00 e a mínima de U$9.860,00.
PS: Embora o volume não tenha ultrapassado a média de...
The counter has broken its key support level of 1.78578.
The strength in AUD futures is increasing as the market is factoring a good set of numbers next month.
Hence, we expect the pair to fall further down from here.
i'm a bit late for publishing this trade set up. I was already in from last week, but anyway, this is still good entry for everyone. So price has to touch gap on first support downthere or even fulfill the gap.
I'm not trading gaps likely. I rather call this gambling, because banks now people are like that. Many people are trying to catch gaps as an opportunity...
After SPX500 Reach New High Record, What are The Signals For Reversal Opportunity?
last week ended with new high records for the US indexes.
The main reason for the stock market to keep rising up is the high expectations for an interest-rate cut from the Federal Reserve.
these expectations came after Federal Reserve Chairman Jerome Powell testified before the...
The counter is due for a long-term correction which is bound to happen now.
After consolidating in a tight range as a 3-wave abc pattern (long-term wave B), it has yielded a bearish breakout.
So, the wave C, which is usually a 5-wave formation is set to follow.
Also, the counter is currently testing the broken support and converting it to a resistance, which is a...
Rejections are here. Bullish they are. Formed the Low of the Year (aka low of the month) we have. Now, after a nice daily candle close and a bullish indecision on Weekly, we might be prepared to exhaust a little bit of all this downward movement and finally head north.
For a Swing Trade, I'd look for a SL around the LY and a minimum take profit area...
Similar set up to my prev post.
- Evening Star Pattern ? Correct me if i interpreted wrong..
- Doji @ EMA Resistance
- MACD Divergence
- Horizontal Resistance
- Strong resistance on weekly
R/R : 2.59
Trade has potential. Going against the trend, but has huge upside if goes in favor of my analysis. Worth it...
DXY has a similar view, US dollar can gain strength next week. If that happen (check price action) all USD pair has a good chance to fly as well.
USDJPY has a great potential as we are touching support level on H4 and my overall analysis on this pair says, we can go higher.
We have a very good risk and reward ratio here.
As market open, it can open...