Price currently trading above a downward trending line, visible on a weekly logscale chart The order book seems very thin on Poloniex so I'm expecting a move towards ~0.001 BTC
New test of a weekly resistance Buy on confirmed breakout, or keep an eye out for consolidation (at around 0.011) I think it's a great opportunity as OMNI is very undervalued compared to similar blockchain projects, plus no resistance above this one
Hello fellow traders, USDJPY seems to be moving lateraly in a flag, preparing a downside move. Watch out for a breakout of 111.6 as trigger for a short position. Sell zone: on breakout of 111.6 Potential target: 107.8 Potential stop loss: 115.6
Hello fellow traders, XAUUSD is bouncing off a downward trending line, the Stochastics seem to show a bearish signal while the Bollinger Bands are tightening. This is an interesting set up for a short position, with a good profit to risk ratio. Sell Price: 1203.0 - 1205.0 Target Price: 1182.0 Stop Loss: 1211.5
Hello fellow traders, A downward breakout out of a symmetrical triangle occurred on the 1 month chart of EURUSD. A pullback is ongoing, but the pair is likely to go down to 0.9594, a pivot point dating from 2001. Keep an eye open for shorting opportunities on shorter timeframes!
Hi traders, EURCAD appears to be doing a pullback after a downward breakout from a triangle. This opens the possibility for a short position. Selling range: 1.3920 - 1.3940 Target Price: 1.379 Stop Loss: 1.397
Target reached, but the Stop Loss was triggered beforehand. I personally prefer waiting for a confirmation (i.e. closing of the period confirming the stop loss) before cutting losses instead of using automatic stop losses, which would have been perfect in this case, but $2+ of potential loss is a scary thing. Let me know what you think about stop loss levels,...
XAUUSD is doing a pullback after crossing an ascending support trendline, which is an opportunity to enter a short position. Momentum seems to be lacking on the upside, and the moving average is acting as a resistance. Profit to risk ratio is attractive. Sell zone: 1240.0 - 1240.5 Target Price: 1234.0 Stop Loss : 1242.0 Profit/Risk Ratio: 3
After a downward breakout from a consolidation figure (flag), the EuroStoxx 50 is pulling back in the Distribution zone between 3232 and 3251 points. The index is approaching a ST pivot at 3243, but there are strong resistances in the area around 3250: these points are potential sell levels when the pullback momentum weakens.
CADJPY appears to be consolidating near a previous support around 84.82 Watch out for a breakout of the previous low at 84.90 which would open a target at 84.40
CADJPY appears to be consolidating after a sharp move up. A breakout to the upside of this figure would open a target at 91.10 The 86.86 level served as a pivot for the previous weeks, and is a potential entry point for a trade. Waiting for a pullback after breakout is another entry point. Potential Buy: 86.80 - 87.10 Level to watch for breakout: 88.20
Short term buy opportunity on this pair Downtrend is losing momentum: - Breakout of downward trendline - Positive divergence of the stochastics Recommendation Buy at current prices (Around 1.321) Target Price: 1.335 Stop Loss: 1.317