Targets haven't changed, just slower than expected
eurnzd was in this consolidation period for a while now but there was some big moves on 4hr chart that I took notice of. Price rejected daily trendline and made a bear flag which worked and than price made another correctional move followed by a rising wedge which gives me 2 confirmations that markets are going go lower.
Daily chat is showing descending channel being made. Going on a lower timeframe, price respected resistance zone 3 times which is a triple top at best. Going on the 15min for entry, I see price also made a rising wedge + 3 minor triple tops as well so this has me believing that price will go lower.
euraud daily shows a channel. 4hr and 1hr shows a smaller channel within daily channel. 15 min shows all the correctional moves and where price will move likely. waiting for price to make another correctional phase so I can enter.
daily chat shows price consolidating in a triangle so I went into the 4hr/1hr and saw price rejecting yellow trendline. Price then made a double top so waiting for breakout and retest to confirm trend.
daily chart showed support which was respected many times. Going down a timeframe, price reacted off trendline and 15min shows a descending pattern emerging in which I hope breaks out the upside.
Hello Traders, I see a possible Long if the price can push to 121.750 and the EMA crossover. Be patient, Good Luck.
BTC is still trending up in the channel and is painting another flag. A break of the top channel (1.618) should give us another good move up. Lets see where BTCUSD goes next. We are still long and looking to add on either the breakup or a dip into previous (now broken) resistance which should now provide support. (horizontal 0.50 and 0.618 Fibonacci levels) If...
not that 1 hour patterns or 1hr golden crosses are all that significant, but this could snowball into bullish breaks on bigger more significant time frames.
After an insane 1 day candle that pumped its way above every resistance on the chart except 2 but then ultimately couldn't stay above the always magical 61.80% fibonacci retracement level at 13600, we witnessed price action plummet a whopping 10% to the 11.6k range in under a minute and then quickly jump its way back to the 13k range liquidating shorts and longs...
Entry only when the 1hr bar closes below the uptrend to follow the correction wave ABC pattern
The price will hit 80.964 entry of a 1h demand zone and possible rally for a while to the supply zone above. My stop is 20 pips.
UsdJpy putting a healthy uptrend on the 1hr with some room up to go higher. Nice fib cluster at our first resistance turn support level and a good probability setup to keep an eye on.
it looks like wti losing momentum to the upside we see the market go to the range as well as we have a pervious level and we see 1 hr divergence on RSI
it looks like us-oil loss momentum toward upside we see 1 hr divergence on Rsi as well as the double top also we have previously tested this level this might be a good trade to sell us oil.
On the long run, Eurousd is downtrend on higher time frames daily and above, however, on 1hr time frame the bulls look good to shoot the market up for a while. A break of trend line and a retest could open up a 20--25 pips profit.
I have been documenting this pair quite a lot recently because of the heavy downside movement which has created multiple entries for this pair. After a clear breakout of a counter trendline earlier today we can see we are in a consolidation period but the market is presenting its hand to us. Analyising the price action we can see that everytime buyers came back...