The price are under 100 MA and I have open the short position.
The CADJPY trade which I took last week hit the SL today after a massive fall. The outlook has been shifted on selling CAD since the price has broken a major daily support which turned into resistance now. The price has formed a flag pattern now and a break of the pattern would activate my sell on CAD.
4H chart retested. Entry: 87.575 TP: 88.046 SL: 87.104
Price has been stalled after an impulsive move on GBPUSD. The pair is in heavy a downtrend and have room to go further down. Now time to wait for the break.
I have a bias to SELL side triple top at 86.860 ( pink zone ) price is under 50 & 200 EMA. and break down the trend line
Resistance is likely to be respected again.
I think if chart break the lower low of yesterday in the 1h chart, we will have a big chance to go short until next support. Hussein Alanbaki
NEOBTC is currently breaking downtrend from a descending channel. This could be a response to short-term BTCUSD price stagnation/reversal. Proposed entry levels are on the chart. RSI confirms upward movement, and market is about to cross MA20. WNZ Get live updates and analysis of the cryptocurrency market: t.me
If price retests, enter short.
USDCAD to fall to the down side based on the 4hr & 1hr time frames. Looking to short @1.27354, stops @1.27497, target 1 @1.26724 & target 2 @1.26072. Good luck and good trading!
After several days from this NEOBTC rally, there seems to be still opportunities to go long. A symmetric continuation triangle has formed, and also a double bottom at the 0.0045 level. Uptrend continuation seems to be confirmed with RSI and MACD (not shown). Before placing and order, it would be less risky to wait for the cross of the MA20 over MA50. Market is...
...And they traded happily ever after!
After the rally, OMG is moving on a big ascending triangle, which is a bullish continuation pattern. Market rejected the downtrend on the 0.382, 0.5 and 0.318. The published long position only poses a Risk/Reward of 0.8. Only small volume orders should be considered
EUR/AUD 1H Chart: Rising Wedge The common European currency is trading against the Australian Dollar in a rising wedge formation. The current pattern started to form right after the currency pair left an ascending triangle and unsuccessfully tried to build a short-term channel up along the 55-hour SMA. Despite all attempts to break to the bottom, the...
USDJPY: a harmonic pattern waiting for candle confirmation