If the market does move higher from this pin bar
we see key resistance coming in near 1.5830 — 1.5870 and any moves higher could be contained below that level in the near - term.
If the market does move higher from this pin bar
we see key resistance coming in near 1.5830 — 1.5870 and any moves higher could be contained below that level in the near - term.
In the chart below, we can
see key resistance coming in up near 1.2950, but we are really watching for a price action sell signal within that entire 8 and 21 day EMA resistance layer which is defined in the red rectangular box on the chart below:
We see key resistance up near 1.0800 - 1.0875, and we could see prices try to climb up and re-test that area this week, before falling again.
Not exact matches
Looking at technicals, Colvin
sees $ 1370 as a
key resistance level.
Technicals: Price action has nudged out above first
key resistance at 1339.6 - 1340.2, we must now
see... Please sign up for a Free Trial at Blue Line Futures to view our entire technical outlook and proprietary bias and levels.
This
resistance could play a
key role in the further CLAM / BTC trend development, and the reaction of the market at that price is yet to be
seen.
The cryptocurrency crossed the
key resistance of $ 0.2543 in a convincing manner on April 16 and has hit a high of $ 0.2928 — a level last
seen on March 6.
In the chart example below, we can
see a bearish pin bar sell signal that formed at a
key level of
resistance in the EURUSD.
In the chart below, we can
see an obvious pin bar reversal setup formed near a
key market
resistance level, indicating that a move lower was a strong possibility.
The cryptocurrency segment is in a short - term correction after a great week that
saw several
key resistance levels fall, as the major coins kept up the bullish momentum and hit new rally highs after a shallow correction.
This is also
seen at the
key resistance of the range, note how the line through 1.3140 is not touching the exact highs on September 14th and 17th at 1.3171... this brings up the point that sometimes support or
resistance is more of a «zone» than a strict / exact level.
What we
see is that a long - term down trending trend line, as well as a
key «once support / then
resistance» level ($ 5.27 a share) have both been pierced to the upside.
If and when these
key resistance levels are pierced we could
see an «off to the races» situation unfold.
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.
However, price is sitting just below a long term
key resistance near 0.8120 so ideally we'd like to
see a pullback before looking to get long.
By understanding this concept, we can
see that the
key weapon to prevent the development of antibiotic
resistance is to reduce the use of antibiotics.
Your
resistance training workouts are a
key part of burning belly fat and helping you
see your lower abs.
The metabolism of excessive amounts of fructose leads to fatty liver, which is a
key step in the development of insulin
resistance, as we
saw in our last post.
In the chart below, we can
see that the breakout was clean and significant since it closed well above the
key resistance at 1.5260, indicating that more upside is possible in this market.
In the chart below, we can
see an obvious pin bar reversal setup formed near a
key market
resistance level, indicating that a move lower was a strong possibility.
In the chart example below, we can
see a bearish pin bar sell signal that formed at a
key level of
resistance in the EURUSD.
For example, your trading style may be that you want to
see price cross a
resistance level by 5 pips before entering — simply enter 5 in the drop down menu for your «Pad Between Entry &
Key Level» at the top of the tab, then enter the exact price of your
resistance level.
It formed at a
key resistance level and had a large protruding tail, which is what we need to
see if taking a trade against the trend.
In most cases, you want to
see a signal form either in - line with a trend or from a
key level of support or
resistance if it's against the trend or range - bound.
Often, you will
see a
key chart level of support or
resistance lining up with a 50 % retrace level of a major move, this is a very confluent level when this happens and if you get a well - defined price action trade signal there it's almost a «no - brainer» trade, meaning you should probably take it and not think too hard.
As you can
see the 150 and 200 weekly exponential moving averages are converging right at
key resistance; the zone halfway in between the close and open of the large orange candle there.
Price has now approached
key resistance at 1.4340 and formed a small bearish tailed bar just under there on Friday, indicating we may
see a rotation lower early this week.
However, price is sitting just below a long term
key resistance near 0.8120 so ideally we'd like to
see a pullback before looking to get long.
Trading ranges can be a bit erratic but if you watch the boundaries of them closely you will often
see some solid price action signals form at the
key support or
resistance of the range.
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.
We remain bearish biased on this market and will continue watching for price action sell signals from
resistance to rejoin the downtrend as we can
see the longer - term downtrend is still clearly in effect and
key support isn't
seen until down near 1.2040 area.
Typically, we
see these scenarios unfold as a trending market becomes extended and all the amateurs jump in right before the counter-trend retrace, or at
key support and
resistance levels or at consolidation breakout scenarios.
The slow - grind higher we have
seen in the SPI200 over the last couple weeks (following the previous aggressive sell - off) may be coming to a halt after price ran into 5900
key resistance and pulled back from there Thursday into Friday.
It awaits to be
seen if the momentum is strong enough, to push NEO above the
key resistance level.
Volumes may rise sharply as soon as Bitcoin
sees a convincing break above the
key resistance.