This user was banned for violating the House Rules. The ban is for social activity only - participating in public chats, publishing ideas, commenting and so on. The ban has no effect on the functionality of the platform.
In 4 hour chart we can seen a great up trend setup on current market price which is a higher low to higher high.
Notice that price now has reach a resistance (blue area), if buyer can push the price higher than the blue area, mean that buyer are fully in control, and forming another swing high.
In another way, if price can't break blue area, would expect that...
EUR/USD forming head and shoulder in a downtrend.
Price currently reject from the previous support area, which is the neckline of the head and shoulder.
Price around support area
- price at support area
* if price break below support area and retest it, I would go for short
SL above support
TP below support
EUR AUD analysis
- structure : downtrend but forming double bottom pattern
- SR level : support area
== Long, TP around 1.6220
If you guys need any other pair please comment below, which pair and what timeframe.
GBP USD 1709 Analysis
4hr
- Structure = overall in a downtrend
- SR level = around support area
- around FIB golden area = wait for rejection
== waiting confirm show bullish signals and go for long
NZD CAD 0909 2019 Analysis
- Price above a uptrend line, and keep reject it
- Price had reject the golden area which is 50 - 61.8% fib level
- Keep making higher high and higher low
== Long
The resistance area need to be attention is 0.8500
A very pure and naked chart with a outlook with bitcoin, if price would break the triangle pattern and the area mention ( resistance level), it would maybe will be rise again.
( Just a short analysis for Bitcoin, and testing the new channel)