price has formed a bearish pinbar after showing signs of a sell-off. there are multiple reasons why pinbar forms in the market, it is always best to understand what preceeds these candles before trading them.
Been pretty uneventful few days since our drop through several supports. I personally have been happy in cash and waiting for things to settle down. This allows RSI's to cool off, moving averages to catch up. Sticking with the 4 hour chart, primarily watching the EMA's, 12 and 26 that are always on my charts. Bulls were stuck under 12 EMA and as it came down to ...
Pair Currency:GBPUSD Direction Predicted: Uptrend GBPUSD is ready to boom for an uptrend, touching level at 1.3100. So place your trade now, and enjoying your profit by putting a buy option for GBPUSD. The last candle is suggesting for an uptrend coming, so the indicators are
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Chart is Heffae Clouds 4Hour (left) and 8Hour (right)
I added arrows to highlight signals you may trade on with the cloud SnR paths.
The "target" on the current 4H candle is the RealTime Additive, which is a trend indicator, and can act as resistance here if the trend is to continue down.
The 8Hour has signaled a drop out of cloud bottom, which is bearish. ...
Currency Pair: EURUSD Prediction: DownTrend, Short. EURUSD is predicted to go down and touch 1.7000, its resistance point. After analysing all indicators and fundamental analysis, it seems obvious the EUR is ready for a fall.
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GBPJPY potentially forming gartley pattern.
trading plan : Sell Limit @ 147,952
attention: this is only a prediction. risk use returns to each individual. if my analysis is wrong, I am not responsible for your losses. and If there are questions please chat with me or comment .
Next level of resistance is $8400
IF/WHEN bitcoin breaks through, the $8400 will become the new support making $10K next level of Resistance.
Etc. etc. This has been clearly illustrated in the chart. Please Do NOT use these 'bitcoin levels' as indicators for target practice. I just started 'stalking the bitcoin' yesterday, So my opinion cannot be trusted ...
If you are a intraday trader then place a buy order near the trending support area. If you are going profit alot then wait for few days and let the price goes to weekly resistance area to place a sell order. Best of luck !
Disclaimer: I just returned from my good friends birthday party and am well above the legal limit.
I have been drinking and my analysis should be taken with a grain of salt. Long story short - resistance at $6,725 has failed to push the price below $6,390 and we are primed for another $750 - $1,000 pump.
Short story long, there is a lot of resistance built up ...
Yesterday we examined the ema’s crossing over on shorter time frames, the bullish setup on the 4 hour Ichimoku Cloud, as well as the reasons that kept me out of the market while awaiting further development.
Today we are going to look at a few reasons why this market could have found a bottom as well a few reasons as a few reasons why it hasn't.
Let’s start ...
1-2 weeks: neutral-bullish
2 weeks - 12 months: bearish
1-2+ years: Super bullish
Yesterday we went over the reasons why I changed my short term outlook to neutral/bullish for the next 1-2 weeks and today we will narrow in on how far this bounce can go. The last 4 hour candle challenged the resistance cluster at $6,724 and appears to have ...
Yesterday we looked at the tweezer bottom on the weekly chart and I expected that to provide the support needed to break through the downtrend line that started on 5/5. We did end up breaking the trend line and now I expect a sustained rally for the next 1-2 weeks.
We have a bullish crossover on the 12 & 26 period EMA’s for the following time periods: 1h, 2h, ...
I am currently bullish on the higher timeframes for fiber as i think it needs a price correction before the longer term bearish phase continues. Price will seek liquidity as i have marked on the 4hour time frames. Price is currently on its was back to origin(a key supply zone) and a key psychological level 1.5800