A Double Bottom is formed when price tests a previous low and bounces. Buy orders can be placed just above previous low. Limit orders can be set at most recent swing high, stop set 33% of limit distance. One way to trade ranges, is to look for the Double Bottom chart pattern...
Estimated pivot point is at the level of 1.0880. Our opinion: Buy the pair from correction above the level of 1.0880 with the target of 1.10 – 1.1050. Alternative scenario: Breakout of the level of 1.0880 will allow the pair to continue the decline to the level of 1.08...
Estimated pivot point is at the level of 101.00. Our opinion: Buy the pair from correction above the level of 101.00 with the target of 104.10. Alternative scenario: Breakout of the level of 101.00 will allow the price to continue the decline to the level of 99.50...
Estimated pivot point is at the level of 0.9040. Our opinion: Buy the pair from the correction above the level of 0.9040 with the target of 0.9180 – 0.92. Alternative scenario: Breakout of the level of 0.9040 will enable the pair to continue the decline to the levels of 0.90 – 0.8950...
Estimated pivot point is at the level of 1.6890. Our opinion: In the short-term: sell the pair from correction below the level of 1.6890 6925 with the target of 1.6730. In the medium-term: wait for the completion of the fifth wave and in case of reversal, sell the pair with the target of 1.70...
Estimated pivot point is at the level of 1.3450. Our opinion: In the short-term: sell the pair from correction above the level of 1.3330 with the target o 1.3450. In the medium-term: sell the pair from correction below the level of 1.3450 with the target of 1.32...
Prices may be setting up for a pullback after rallying as expected having put in a Bullish Engulfing candle pattern. The emergence of negative RSI divergence below resistance at 10560, the 50% Fibonacci retracement, warns of ebbing upside momentum. A daily close below the 38...
The Index (daily chart) has stalled after pulling back to a key uptrend support line extending back almost two years to late 2012. This pullback has brought the US equity index down sharply from its record high of around 1991 that was hit just two weeks ago in late July...
When someone first begins to learn to trade, they’ll often delve right into technical analysis. After all, if you can read a chart and get trade ideas directly from past price information, there is no need to learn any of the ‘difficult’ stuff...
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How to calculate leverage in trading account The concept of notional value How much leverage we can use Traders are drawn to the Forex for many reasons, including: being the largest market in the world, only having a few major currencies needing to be followed as opposed to 1000’s of companies, a...
from daily chart, we can see triangle already break, and right now, retest 61.8 fibonacci at 19.703 level. We also see bearish butterfly will perform to reach potential reversal zone at 22.361 as bullish target. and this pattern will failure if price break bellow fibonacci 88.6 at 18...
According to the reports, Republic of Ecuador will launch its official cryptocurrency in October this year. As its legislation has already been approved by the President Correa’s government last month, there would be no hassles in implementing this project...
The key to using CCI with camarilla pivots is to line an entry signal near support and resistance, along with an overbought or oversold reading of CCI. Timing entries is an important step to consider when developing a trading strategy...
Geopolitical tension may perform gold back in to saveheaven, fist bullish target at 1360.38 as last gartley target profit and major bullish target at 1411.83 at 1411.83 as previous gartley point...
Dojis Demonstrate Indecision From Traders Failure To Breach 103.00 Casts Doubt On Gains USDJPY may continue its consolidation with several successive Doji formations denoting indecision from traders. The pair remains in a congestion zone with sellers sitting nearby at 102.77/103...
The Evening Star candlestick pattern is a powerful bearish candlestick reversal pattern. Large Bullish Candle (Day 1) Small Bullish or Bearish Candle (Day 2) Large Bearish Candle (Day 3) Evening Star Candlestick Chart Example...
The Morning Star Pattern is a bullish reversal pattern, usually occuring at the bottom of a downtrend. The pattern consists of three candlesticks: Large Bearish Candle (Day 1) Small Bullish or Bearish Candle (Day 2) Large Bullish Candle (Day 3) Morning Star Candlestick Chart Example...
