we can see that the price is moving in an uptrend channel. so we have decent opportunities to go long with the trend. however, we are waiting for the price to get rejected at 0.98600 for our short entry. trade at your own risk and happy trading.
always wise to wait for bullish volume confirmation here but we can see the current 1hr candle retested the enckline and confirmed it as support...current resistance is the pink line directly above it if we can rise above that the inverse head and shoulders pattern will surely get validated. Initial target = 0.196 cents however should we reach that target odds...
EurNzd has continued to push up and is now looking like its rejecting the 50% fib level...Im gonna give it another try and place my sl just above the 61% fib.
UsdJpy has made a strong push up and is now losing momentum. It has failed to make a higher high and I strongly fell will reverse soon, it might go for another retest but I highly doubt it. (stay updated on the coronavirus and the cure that is being made in the US )
We are also potentially forming a huge ascending triangle that could last until early April. Need to see more touches between now and then to be confident though.
Daily is still bearish. Will USDJPY hold its ABCD pattern in this counter-trend trade in the 1-hr chart? We shall see TP1: 107.29 (188pips) TP2: 108.46 (305pips) SL: 104.44 (-97pips) Open position at: 105.41
Finally a Gartley spotted - a bearish one in AUDCHF in the 1-hr chart TP1: 0.6312 (56 pips) TP2: 0.6277 (91pips) SL: 0.6413 (-45pips) Open position at: 0.6368
Potential bearish ABCD spotted in this rare pair AUDSGD in the 1-hr chart TP1: 0.9112 (83pips) TP2: 0.9062 (133pips) SL: 0.9238 (-43pips) Open position at: 0.9195
Always await confirmation of a breakout or fakeout before taking a trading action.
Potential Bat spotted in NZDCHF in this 1-hr chart. Daily Trend is Bearish. TP1: 0.6037 (97pips) TP2: 0.6082 (52pips) SL: 0.6174 (-40pips) Expected completion before 4 Mar. Latest by 6 Mar. Open position at: 0.6134
Potential bearish BAT setup in NZDUSD in 1-hr chart TP1: 0.6269 (39 pips) TP2: 0.6239 (69pips) SL: 0.6349 (-41pips) Open Position at: 0.6308 Expected completed before 4 Mar 2020, 2pm Not a very profitable trade so will open smaller lots to gun for TP2.
Bullish ABCD AUDCAD spotted in 1-hr chart. Price has hit TP1. Expect the price to drop in buy zone again to reach TP1 and TP2. TP1: 0.8743 (55pips) TP2: 0.8779 (91 pips) SL : 0.8659 (-29 pips) Set pending order on 2 Mar at 0.8688
$BTCUSD Is trending up and breaking through resistance recently, currently in a brief pause with $9,850 the local resistance. My best bet is a break above $9,850 only to be rejected by strong resistance at $10,000. From there I think we keep moving sideways with downside support at $9,400. Fear/Greed is slightly greedy, but not excessively so. I'm thinking it...
The double top possibility for the bears has been eliminated as Bitcoin has once against surged passed the double top zone into the 9300s. Leaving only the cup and handle left of the two options; a great sign for the bulls. of course we need to make sure that price action stays above the rimline(horizontal pink line) in order to trigger the cup and handle...
Since we're in a big Flat correction, this final C wave of the big flat is a 5 wave up: This analysis only about the 5 waves up. Currently we're in wave C of wave 3 of the 5 waves up. Wave 3 in itself is divided in sub (abc) waves. The (abc) positions indicate the theoretical targets of each sub-wave. The rectangles indicate the maximum and minimum prices per...