I want to start this off by saying i believe bitcoin already broke the channel resistance. as you can see we tested 7800 and responded with an engulfing daily candle, this test was according to my chart and theory the retest of the channels overhead resistance. To support my idea i have 2 indicators giving bullish signals: -Stochastic the stochastic on the...
Hi Traders, AUDUSD is pulling back as expected pretty much like EURUSD. However because in recent weeks it has been creating new highs, we can expect it to continue with that. This current pull back with USDollar over sold, we can get a very good opportunity to go long. We must watch the zone carefully and any sign of bullish movement. The zone has confluence of...
Hello Traders, Here is my weekly analysis for the pair. Let me know in the comment section below what you think about the analysis or if you have any questions. Hit the like button if you find it interesting or valuable.
UADCAD This Bat Pattern Can Give Us 80 Pips Going Long 1. Caution: On weekly timeframe the bollinger bands are getting squeezed. So a breakout can be expected. We have to be careful of that. 2. There is a bat pattern completion in the blue zone which also confluences with 200SMA on weekly chart. 3. So if the price falls into the blue zone, we can have a long...
The descending triangle is huge. Red line equals to 200ema, the only reliable indicator for BTC . I'll also expect a cup and handle pattern which plays the keyrole for trend switcher- Bottom: $4000 When: March.
Waiting for at least 3 closes above the 200sma to confirm new uptrend.
EURUSD Fibonacci Confluence with 200SMA Long Opportunity
EURUSD Breakout Point Or Double Top? Upside has more factors in its favor: 1. Longer tern 61.8 Fib level to complete the pattern target 2. 200SMA above getting closer 3. On Weekly it can test 1.11711 level which 50%
EURUSD Short Term Bullish Fibonacci & Moving Average Confluences
EURGBP 1H Possible Push Ahead Towards 200SMA and ALT Bat Pattern
GBPAUD Bullish Fib Confluence with 200SMA
GBPNZD Buy Opportunity At Market, Fibonacci Confluence, 200 SMA
BTCUSD's price is resting at the 200SMA support. We are also consolidating on the 61.8% retracement area. OBV has not trended lower. Would short if we break this level with large volume, or if we reach 7200 limit.
Price testing resistance and 200SMA on a daily chart. Great risk-reward to short here. Indices also testing resistance, a bounce could signal JPY strength. Target to see if we respect the yellow trend line. From a bigger perspective could look like an inverse H&S, but the trend before it is not big enough for a proper setup.
CL has been downtrending in OBV, RSI. Today CL broke its 200SMA. Which is a technical tool large institutions use to short positions. On a weekly chart, we are now resting on top the 50SMA. If we can't get a some support there, I expect CL to drop to $64.
TSLA broke the 200SMA (pink oval), a couple of days after the MACD signal turned positive (yellow oval). RSI(10) @65 OBV slightly higher (blue oval)
I'm not a big fan of the smma but I'll take it into consideration
The blue line is the 200 ma and the orange the 200sma