GBPUSD is still in Descending channel - bearish market, expected to fall towards support near $1.23100 before making retracement from broken support around 1.26070 - where we are likely to get the best trades (bears).
Considering the broken ascending channel on the Daily TF plus the small ascending channel on the lower 4H-1H time frames, this puts us in mind, it...
I'm leaning more towards a rejection from 0.68000 level
if this happens i would look for price to show bullish momentum
to then possibly revisit 0.71000 level which would also be
a 50% fib level retracement
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My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy...
My Fellow Crypto Comrades,
Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
I have some channels and ideas for today, lets check them.
I told that several times, macd shows them a big trend is coming and you see what happened and also I was talking about rsi and down trend.
So in my idea we have two options here as always, which one will be the winner for today? it will be more clear for me in a few hours, lemme explain this chart.
Rsi...
at breakout of 1.45 level (previous local high and cluster of volumes).
Good setup on daily from Macd and Rsi. Downside momentum is dissipating
TP1 1.50 (rr 3x)
TP2 1.53 (rr 5x)
SL 1.44
same as for eurusd holds (won't act until 14.30 unemployment results)
NEBL took a long time in resting up after the rocket launch reaching ~950% in just only 4 days.
Let's look at this in a few details. The charts on the right there a HSN signal setup and a bullish divergence with RSI as first sign of preparation for the big launch ahead.
Now, the chart on the left, notice that NEBLBTC respect fibonacci level as it have small...
I will be longing EURUSD for the following reasons.
1)It broke resistance which has now turned to support dating back from August.
2)There is a trendline that has been respected from early November with this being the third touch thus probably propelling it upward.
3)Higher Highs and Higher Lows being formed.
Breaking the trendline would invalidate this...
