EURGBP is trading in channel(two lime lines). I marked two GAP's which are playing important role on the chart green one is based on Daily chart and blue one is based on weekly chart. Yellow circle highlighted strong pull-back after pair reached this strong support/resistance area. I set SL above weekly GAP and TP around 8300 which gives are quite good risk reward ratio.
There is something interesting about this chart. GAP (green block) from Daily chart created quite nice support/ressistance area. I marked with two eclipses point where pair was rejected when in touch with this area. This price action is suggesting strong bear trend which should move pair towards south in the next month or more. I placed on the chart Fibonacci ...
When look at weekly chart short trade looks even more possible. I marked important GAP's on the chart. I marked in circle place where GAP acted nicely as the support/Resistance area. Last three highest highs are creating rounded top which is another signal for sell in my opinion. Pair is strongly rejected after it touches GAP on weekly chart marked. Blue GAP is...
After price action from the last night I'm very positive that this pair will move south in for the next couple of weeks. I marked Head ans houlders formation on the chart plus double top which was accent with nice doji candles on daily chart. I marked GAP on the chart as well. All these signals combined toghether are creating very strong support/ressistance ares...
This is not trade signal. I'm waiting patiently for the pair to reach 200 ema and/or upper GAP. Area marked with green rectangle is the place I would enter the market. It will be around 1.2500 and TP which I'm aiming for is 1.2067. Let's see what will happen if it will happen when pair will reach desired level. I will post another idea if the pair meet my...
All I can see is that we ran into the 200 DMA and hit the monthly pivot? You see anything else?
There will be big update in next 10 days for this coin. I marked two GAP's on daily chart. Seems like one is respected by market and pushed down the pair lover. The lower one is not playing the big role for now. I will wait few more days and see what will happen. News looks promising so I expect that if pair will be traded above lower GAP it will create good...
Assuming the simmilar % ranges of the recent fall and assuming the price patterns will continue to perform as the did in the current descending price channel I dare to imagine the foredrawed price development in the future few days. I dont have to mention the recomendation of various traders that Eliiot´s 3rd (C) wave seems to be happening. Therefore am w8ting to...
...in previous idea about Stratis I expected that in few days hammer appear on chart and will create double bottom. I didn't happen but we have interesting situation here anyways. There is hammer and it hanging on the GAP which is good and also wick touched perfectly less use but very important Fibonacci level 14.58 or something close to it. All this values are in...
We witnessed strong bullish trend for the last couple of weeks. I believe that the pair is trying to reach 1.200 level where the solid GAP can act as the resistance. We have nice double bottom two engulfing candles and trend on our side. I feel like that the 1.200 level is within reach in the next week or two,
The Aussie has been one of the stronger currencies recently and after the positive figure of Retail Sales earlier on today we can expect some further strength which is why I'm considering a long position after the break of the Yellow trendline. TRADE SAFE AND DO YOUR DUE DILIGENCE BEFORE ENTERING A TRADE.
I was just checking the charts today and found this very powerful pattern which is driving the financial market since ancient time. Three white soldiers’ formation. Based on my calculations I can found out in very precise manner take profit area. It is hard to say the exact time when it will happen but it is almost certain that this level will be reached. We can...
There are two important GAP’s marked on the chart green rectangle and red rectangle. These two are respected by market for quite some time. I think these two will play important role as the support if the pair will go up. Fibonacci retracement 61.8% level stopped losses. This pair might create some kind of cupandhandle formation in future. Let’s see what kind of...
Based on my calculations we have profit after 2 attempts around -4%. I pretty positive about this one. Pair is raging battle with 0.015000 level but it should be broken soon and this should open the way towards 0.01000000. We are aiming here for around 30%. If you follow just please let me know or just keep an eye on the comments just in case something will change.
100 was the major support and I think it is not over yet. I see here potential for this pair to go as low as 36. I linked chart for silver for the last 10 years which looks very similar to the BCNBTC. I think we finished 1st Elliot wave which has length around 275. Second wave is not finished yet and It can go way below 100. The really good news is that the wave 3...
Import level to observe are 0.020000 which is combined with solid GAP on weekly chart. This GAP rejected strong bullish movement and move pair back to 0.0100000. There was another attempt to reach .020000 but it ended up with head and shoulders formation and visible rejection at 23.6%(head of the pattern) and 38.2%(both shoulders). I will not be surprised if the...
In the beginning 27th of May till 31st CLAMS made quite nice triple bottom formation combined with respected GAP in Daily chart and very nice three soldier’s pattern. All GAPS marked on the chart are based on the weekly chart which makes them really solid support. There is another GAP which stopped bullish movement and then we can see some extended consolidation...
I'm watching this pair for some time. It seems like that the bottom GAP was perfectly respected by market and created something like triple bottom(black ticks). There is still upper GAP which was holding pair for some time. Upper GAP was pierced in the last few days with very nice three soldiers formation. Psychological level 0.0020000 was tested couple of time...