Support_level
EURUSD possible Long opportunity!Hello traders! In the last 6 months the EURUSD has created a consolidation trend and a really strong Resistance area that has been tested multiple times. The price of the EURUSD is getting close to this area again, so we should expect a bullish bounce up of this area. The MACD is on its way to make a cross and RSI is already oversold. I wish you the best of luck with your trading :) .
BITCOIN resistance & support & trend LineIf the decline continues, BITCOIN will be a big rebound near $ 5400.
BITCOIN resistance & support & trend LineIf BITCOIN fail to reach $ 7240 again, BITCOIN may fall to the red dotted line, near $ 5600 - $ 6100.
If BITCOIN fall to $ 5600 and switch trends, it will be near the purple vertical line.
BITCOIN resistance & support & trend LineIf BITCOIN fail to reach $ 7240 again, BITCOIN may fall to the red dotted line, near $ 5600 - $ 6100.
If BITCOIN fall to $ 5600 and switch trends, it will be near the purple vertical line.
BITCOIN resistance & support & trend LineIf the rebound comes, it is the first resistance line at $ 8190 and can go up to $ 8470 at once.
If BITCOIN fall below $ 7690, BITCOIN may fall below $ 7240.
BITCOIN resistance & support LineBITCOIN is like a short-term stay within $ 200.
If BITCOIN drill a strong resistance line of $ 8940, BITCOIN can reach the resistance line up to $ 9470.
If BITCOIN break through the previous support line of $ 8470, BITCOIN can go below the 8194 support line.
The direction seems to be largely divided by the violet vertical line.
BITCOIN resistance & support LineBITCOIN fell below the purple trendline.
If BITCOIN rise, can fall near the $ 8820 resistance line and the purple trend line.
If BITCOIN is a decline, there will be a slight rebound near the $ 8470 support line.
BITCOIN resistance & support LineResistance has occurred near $ 9200 and has escaped the upward trend.
BITCOIN is supported by $ 8750, and if the sale is strong, the next resistance line can fall to $ 8580.
If buying is strong, BITCOIN can challenge again the $ 9200.
BITCOIN resistance & support LineIf BITCOIN go up one more time, the strong resistance line is near the $ 9200, and if BITCOIN get the resistance, BITCOIN can get it back at $ 8300.
The short-term support line is about $ 8700.
Possibble Bullish Bat & Falling WedgeHi all,
This is just my opinion and i have to say that i'm not a pro just a newbie trying to learn.
First of all i want to start with elliot impulse wave.
First wave has to be shown after a horizontal or an opposite trend. This one start after an great uptrend so it seems cool.
Second wave is usually between 38.2 and 61.8 of first wave. People believe that uptrend still goes. It seems cool too.
So i think we'r in third wave atm and it will end at the area which both falling wedge and bullish bat will be formed around 410$ ( it's a very very strong support level)
And all factors push the price to about 795$ and thats the 4th wave i think.
If all those happen then we have to wait last wave.
It's just an experimental work. Please do your own resarch.
Also if you have anything to add or if you see something wrong with my idea please add a comment i would be really happy to see my mistakes.
Thanks.
Bullish Bat Pattern & Strong Support ZoneBullish Bat has just been formed and daily RSI broke downtrend 3 days ago.
Uptrend has to begin.
Bullish Gartley PatternI just realized that Bullish Gartley has already been formed for POWR 5 days ago.
It's in good support zone atm and oversold RSI is about to break downtrend line.
If BTC stays calm for a while POWR can reach the targets which i pointed.
AUDJPY DAILY CHART LONG TERM TRADE FOR BUY AUDJPY BUY ZONE almost hit Support levels and consolidating right now
my Open price will be around 81.400 and position size will be 10,000
SL:- 81.000(40Pips/35$)
TP:- 85.000(360Pips/340$)
waiting for it to hit my levels so i can get my entry point
Locating Resistance and Support LevelsLocating Resistance and Support Levels > Basic Education
Chart: EURJPY
Timeframe: 4H & Above
Method: Line
If uncomfortable with ability to chart with Fibonacci, you may find using the Line Chart easier in identifying the Resistance and Support Levels.
From the closing price, simply locate the lowest low's and the highest peaks and draw a line straight across from the bottom of the low and the top of the peaks.
Always best to have multiple low's and peaks to draw from as this will help in a more accurate result.
From there, you can easily see the price of the Resistance and Support levels.
In addition, it can also provide a clear picture as well if any break or breach of a particular level was a true break/breach or was just a re-test by Bulls/Bears.
Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
