EURUSD is in a downtrend and as we know we are not suppose to trade against the trendline, price as has touched it twice which signifies a strong down trend , so retest to the zone and we go short
I feel we are in "The middle" and I don't want to diddle.... Looking for mostly range trading for the next few months until Q1 earnings for big tech start and we see if they are on track and even more important, Forward Earnings and outlooks. Remaining Cautious for now.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ?ETH has been overall bearish trading within the falling wedge marked in blue. Currently, it is approaching the lower bound of the wedge. Moreover, $3000 is a strong support and round number. ? Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower trendlines acting as non-horizontal support. ? As per my trading style: As #ETH approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) ? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
I have quite a valid thought process on this one and I'd be taking this sell. If you'd join me on this trade, then DYOR. Don't take me as your single source of truth. But it's easily a 5R trade, so I hope we get triggered.
In this analysis, I predict that the price will pull back to the shaded area, which is a strong support zone, and undergo a period of consolidation there. Since this support zone has acted as a demand area in the past, I believe the price can hold at this level. I expect some sideways movement at the support level, which could indicate a recovery and accumulation phase for the market. Following this, I anticipate that the price will break out upward from this area and enter a strong uptrend. I've marked the target for this move as the resistance level around 45.59. Of course, if there isn’t enough buyer demand at the support zone, there’s a risk that the price could break downward. For this reason, I think it’s important to closely monitor the price action and breakout signals at the support level. Nonetheless, in this scenario, I assess that there is a strong potential for a long-term upward movement.
https://www.tradingview.com/x/LUSKJZn0/ Hello,Traders! CHF-JPY is going down To retest a horizontal Support of 172.800 So after the retest We will be expecting A further move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
BTC now at support line , expecting a move above to 115,000.
GBPAUD may resume its upward movement from the major support Let’s look for lower timeframe market structure shift for a good confirmation
Hey there on 1HTF EURJPY for technically seems bullish target 163.500 1. Vertical support line from 162.500 2. Further buy support zone 162.00 For now we can seems like our buy support zone 162.500 and our next target 163.200 163.500 163.800 Good luck
MMM has broken out on the 1hr chart over the last week. MMM has earnings coming up on Jan. 21. The stock is already up about $5 in the last week. If it breaks this flag, it still has room to the upside to the $137 area. Bullish at a break of this flag.