View allAll Photos Tagged Pullbacks
Fact:
It is on a 60 minute PnF Buy Signal, with a six box selling reversal. Below a 856.80, it would go on a PnF Sell Signal
Opinion:
Pullback in an uptrend.
In longer term (Daily TF) the FX pair is bear. H8 is also bear and some kind of correction have been developed but it seems it is ended. H2 is just about to turn to be bear. After the Friday strong down move one more downswing is expected. Also SHORT positions have got more percentage. TP is S3.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
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In longer term (Daily TF) the FX pair is bear. H8 is also bear but some kind of pullback is or was in development. If the pullback keeps growing than it may form a complex correction. H2 shows a few possibilities. There are two possibilities right away for the opening of the day. Better to get ready for both directions. And the other versions will depend on this move.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
#eruusd #forex #fxtrading #proptraders #trading #fxtraders #traders #fx
In longer term (Daily TF) the FX pair is bear. H8 is also bear but some kind of correction is or was in development. If it keeps growing than it may become complex. The decision will be made in the upcoming hours. This is also confirmed by H2 players. To trade wait for the breakout on H2 or below and take Long/Short according to that.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
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In longer term (Daily TF) the FX pair seems to be still bullish. And after its first strong up move one more upswing is expected. H8 players were out in the sustainable bull territory which shows a new up move also. H2 shows the market is moving strongly down. Which makes some confusion between the long and short term players. What is viewable the down move is getting close to its end or maybe it was reached already. To trade it is better to look for LONG position after H2’s RSI forms a divergence around 34-38. But careful and do not expect new highs. The correction will be complex. >From another view the correction was complex already. It is just around its end and long player may form new highs in the upcoming. But it has got small percentage.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
EURUSD pullback in focus ahead of FOMC economic projections. Nevertheless, we will retain a near term bullish outlook for EURUSD. Former resistance around 1.1250 in focus. Upside targets remain favored, but need a 1H close below 1.1150 for downside conviction.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The FX pair bullish again. Daily TF players moved out to the sustainable bullish territory. This gives big possibility to another up move. The first correction arrived yesterday. The new question is how long it will last. H2 showed a strong down move. Which gives the possibility for the correction to expand and form another downswing. To trade first is better to get ready for a SHORT with the TP between S1-S2. After prepare LONG for the last up move. But this time do not expect long run just a little bit over R1.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
On Daily timeframe the FX pair’s RSI has stopped under 67 and begin to move downward. H8 after a strong down move begin to move upward and seems to still have space to continue its movement. H2 is still moving upward but it is slowing down and soon if the R1 resistance level holds will turn down. Until that LONG position for one last swing can be taken. But after get ready for a strong SHORT with the TP of S1.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
1.34600 broke on a closing basis. SELL usd/cad on a pullback to 1.34600/1.35200 area with a 40 pip stop looking for 1.34000.
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Following the close of a big red candle on the weekly chart, many expected the pullback to accelerate and Bitcoin price to fall even further today. Such is the nature of crypto markets that BTC did the opposite and moved back up above $8,000 once again. As has been typical of Bitcoin price chart […]
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cryptocryptonews.com/bitcoin-resistance-back-to-support-a...
Bitcoin is again feeling the pull of gravity amid a rally in gold – a classic safe haven asset. The premiere cryptocurrency topped out at highs near $9,100 on May 30 to hit a 2.5-week low of $7,432 on June 4. The pullback was expected as technical charts were reporting bullish exhaustion. After all, the […]
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cryptocryptonews.com/bitcoin-and-gold-prices-diverge-agai...
By CCN Markets: Ripple (XRP) has attempted a pullback after dropping more than 12-percent over the past weekend. The XRP-to-dollar exchange rate established a cycle low of $0.371 on Sunday at 1600 UTC. The downside action pushed XRP’s market capitalization to as low as $16.04 billion, down 11.47-percent from its Saturday peak level. At its […]
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cryptocryptonews.com/ripple-xrp-price-attempts-comeback-a...
The fx pair shows uptrend or a range on Daily timeframe. But after the yesterday’s strong up move it has got more chance to consolidate. This is the same on H8. And it even says that a bigger or longer correction may happen today. H2 went so far away from MA. Witch also can be a sign that the market has to consolidate. Therefore, SHORT positions can be good idea with the minimum TP of S1.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair is still in sustainable uptrend on Daily TF and longer term minimum one new high is expected in a third wave after the ongoing pullback/correction. H8 is also the same like it was said yesterday decelerating from a strong bullish movement. But be prepared for new highs after the ongoing correction. For H8 players will be good to take LONG soon and better to prepare it with candle stop entry. For TP do not expect much more than the level of the ‘green area’. On H2 the shorter TF players seems to be strong enough to form a smaller lower low. And because this for a short time it will be good to take SHORT positions before the long with the TP of S2.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair on Daily TF is in a range after its first up movement and the second upper leg is in development. On H8 the market is in a strong narrowing range. And this can add extra versions to the upcoming on both H8 and Daily TF. From closer view H2 shows a little bit more for the next. Two up movements just seems finished and something new is developing. From this view it is given more percentage to take SHORT until S1. But after… wait, see and redesign
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
When a pullback is contained by a trend channel line and it ends at a higher time frame support or resistance line, this is a dueling lines pattern, and it often results in a reliable trade in the direction of the larger trend. It is a short-term trend (a pullback) ending at the long-term...
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Editor: taphuong
www.pomdy.com/book/trading-price-action-trading-ranges/pa...
When traders enter a reversal trade, they are expecting the pullback from the trend to be large enough for a swing trade, or even a trend in the opposite direction. The entry, protective stops, and profit taking are then the same as for any other swing or trend trade, and were discussed in the...
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Editor: huonglinh
www.pomdy.com/book/trading-price-action-reversals/part-i-...
TGOD Announces Strategy Change To Slow Production Ramp Up capital10x.com/pullback-tgod-stock-buy-eventually/
The fx pair on bigger TF shows the market is still in downtrend so from that view it is better to expect new lows. At yesterday the market still did not form the expected bigger correction. The reason is that something was missing. And at the late afternoon it happened when the market filled up its second down move and reached Fibonacci extension 100% at the same level with the middle continuation 200%. After this the waited up move begin to form. The space for a LONG position is opened and in the bigger TF the last upswing is on in the correction. Long is good from now. TP is R2 later R3.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx