Sentences with phrase «resistance area»

This would put the price in an area to begin challenging that big resistance area.

Without an established support or resistance area nearby, it's just another candle.

A lot of times price dips just below the imminent support or resistance area before turning direction.

Support areas are likely to reject price upwards, and resistance areas tend to prevent the market from rising above it.

Where do many traders place their stops — they try to hide them below / above resistance areas.

Place protective stop - loss above the most recent resistance area.

On broad indices, the general pattern resembles a narrowing wedge with a relatively flat overhead resistance area and increasingly shallow dips.

When a stock breaks up to new highs above a previous resistance area, everyone who owns that stock is a winner and has little reason to sell.

Finding long trading setups when the next resistance area is far away, and short setups when the next support area is far away.

This would put the price in an area to begin challenging that big resistance area.

Support and resistance areas tend to act more like zones than exact levels.

However, price did form a bearish pin bar on Thursday, reversing at a key long - term resistance area up near 1.2540, visible on the weekly time frame.

You took a short trade at resistance area.

First thing is first: the bears must defend that 107.30 - 108.05 resistance area as failure to do so could lead to a sharp short - squeeze rally towards 110.00 and possibly 111.00, where the long - term downward trend comes into play.

We will now wait and see what happens early this week and potentially look to sell on strength up near 1.3960 - 90 resistance area on a clear signal should one develop.

When priced against BTC, EOS has gained over 45 % in the last fortnight, with current prices at around 0.0012676 BTC, and is currently testing a key resistance area.

Key Highlights Ethereum classic price failed near the $ 16.20 resistance area against the US Dollar and declined.

However, price did form a bearish pin bar on Thursday, reversing at a key long - term resistance area up near 1.2540, visible on the weekly time frame.

Note, there were a couple of rallies into the 79.20 — 79.80 resistance area earlier this year which were greeted with strong sell pressure by bears.

I was looking to possibly enter in a long trade, but the nearby resistance area cancelled my plans.

I agree about Gold, but also consider the imminent resistance area at 1265.

There was a bearish engulfing pattern on the daily just below a major resistance area.

If an inside bar (gold bar of the insidebar indicator) is spotted around a possible resistance area, with price breaking below the low of the inside bar price formation, it is trigger to go short.

Sure enough, two months later the market has rallied back to the 1.005 confluent resistance area and formed a bearish pin bar in the process.

You can use support / resistance areas projected using past swing pivots and price thrusts.

A break above the mentioned resistance area, could see a decent rally higher, opening for a retest of $ 10,000.

Partly profit booking should be done buy quick - term traders and continue to hold what is left as there is always significant resistance areas around the last all - time highs.

The same resistance area is positioned around the 38.2 % Fib retracement level of the last decline from the $ 990 swing high to $ 867 low.

You are going to want to apply the 8 and 21 daily chart exponential moving averages (emas) because price will often pull back to this dynamic value or support / resistance area before moving on with the trend again.

We will now wait and see what happens early this week and potentially look to sell on strength up near 1.3960 - 90 resistance area on a clear signal should one develop.

For example, if USD / JPY breaks out above a key resistance area, it means that traders are selling off their JPY.

This past week, buyers were in control as bitcoin price succeeded in breaking the $ 9,000 resistance area against the US Dollar.

The US Dollar Index looks better to the upside as do US Treasuries, but both with big resistance areas nearby.

Price surged higher last week in the GBPUSD and as with the EURUSD, this pair is approaching / in the midst of a key long - term resistance area, but we certainly could see more upside given the strength of the uptrend that's under way and the resistance zone is quite large from about 1.4200 — 1.5000.

The US Dollar Index ($ UUP) looked better to the upside as did US Treasuries ($ TLT), but both with big resistance areas nearby.

Place stop - loss above the most recent resistance area.

In a bearish market, resistance areas tend to keep the market down.

These levels represent important support and resistance areas that all traders should be aware of.

For example, if you want to trade long but you want to enter on a breakout of a resistance area, you would place your buy stop just above the resistance and you would get filled as price moves up into your stop entry order.

PotCoin does show some good potential after breaking above the resistance area and $ 0.2 psychological level.

Any further gains won't be easy as XRP buyers will most likely struggle to break the 100 hourly SMA and the $ 2.20 resistance area.

The market does not find value a lot of value and here are potential support and resistance areas.

Is price action approaching a support / resistance area?

We argued that before the ECB and Fed policy meetings that there was a good possibility the EUR / USD would break above 1.0660 and rally into the 1.0850 / 80 resistance area, before turning lower.

This is why I teach traders to trade off a simple stripped - down, or indicator - free, forex price chart, outside of a couple moving averages which can be useful in identifying dynamic support and resistance areas.

The standard approach involves looking for a bullish price pattern at a support area for a long trade, or a bearish price pattern at a resistance area for a short trade.

By extending a parallel line from the trend line, we can form a trading channel that is useful for anticipating support and resistance areas.

Most price action trading strategies make use of price patterns together with support and resistance areas.

That price range is a resistance area.

The key to successful price action trading lies in finding effective support and resistance areas.