After the 26th retracement, volumes on a day time frame are decreasing, which diverges from this uptrend we're getting in the 1-4 hours time frame. If today's candle closes red, then we'd have the confirmation of the change of trend in the short terms because it should be indicating a trend reversal in the short trend (1-2 weeks) with a re-test of 0.45 levels,...
Here you can see in a daily chart that volumes are decreasing and if this last candle close red, then we'll create a lower high which could confirm the reverse of the trend for the short term.
OANDA:DE30EUR Resistant2 = 13497 - 13830 Resistant1 = 13222 - 13300 Support1 = 13019 - 13057 Support2 = 12684 - 12720 Look left to Sep 2020, price is now approaching a resistance area. Caution: If volume remains low, look out for possible reversal.
OANDA:NAS100USD Resistant2 = 12333 - 12467 Resistant1 = 12053 - 12129 Support1 = 11507 - 11579 Extremely low volume observed. Let's see when market resumes on Monday.
OANDA:XAUUSD Price finally broke down and closed at 1787 Price areas that may be tested are: 1807 - 1813 1737 - 1748 POC: 1714 - 1720
HS1! Bar 1 Price tried to break out of the resistance zone before meeting rejection to higher prices, closing in the lower region of the bar. The breakout is not convincing Bar 2 Another breakout attempt, but made a lower high than bar 1. There is some demand as price close slightly above middle of the bar. Reason for caution is that although the top of the...
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Solid technical setup for a sell on $AUDUSD. Would perform well if risk gets sold into year end.
Preference for Sell because we're on top of ranges. But Volume showing for buy?? CHFJPY
Price : 16,900 USDT Expected Return: 47% Risk/Return: 0.45 Support_LVL I: 15,800– 16,000 USDT Support_LVL II: 13,800– 14,100 USDT TP_LVL I: 21,000 – 21,500 USDT TP_LVL I: 25,000 – 25,100 USDT SL: 13,000 – 13,100 USDT
Could be Set 1 & set 2 play. Because we're on top of resistance & buyer look struggling going up. Need temporary sell happen to have better price before recharge to long?? FX:AUDCAD
We've reached the top of a channel that has been forming since October 2019 and we're decreasing in volume indicating a potential reversal of the impulse since Early November. This could mean a correction, short term to the middle of the channel before bouncing back off to the top or continuing to the bottom. I'd give this a short leash to see how this level...
Look at the volume, RSI hidden bearish div. Nothing shows any bullishness yet (apart from all the pumpers on twitter). It can always break up on sudden volume appearing but for now I am playing on a drop. Looking for an entry soon as Dec-Jan will be the next top coming, but this will be ranging few days still.
Cup-Handle pattern formation has been formed with an ascending triangle pattern forming as the handle. Good volume end of trading day 11/27, and three consecutive above-average volume on the daily chart . Great swing trade opportunity going into the week of 11/30. Entry at $0.0092 Exit #1 at $0.018 Exit #2 at $0.023 Disclaimer: This written/visual material...