In Gbpusd we can see a clear rejection by touching 132.400 AREA and the weekly candle is closing a shooting star towards the downside and we can see in next week for price action to develop
-61% fib level in the higher timeframe
-reverse the major monthly high resistance
GOOD LUCK ....REMEMBER THE TREND IS ALWAYS THE FRIEND AND GOING WITH...
hey there. hope to everyone is safe, after broke the red line (after 4-5 month) the Correction process is start.and we have a downward trend in a 1d timeframe (yellow Triangle) i think the Third Correction is going to end at (8600-8700) after its have to analysis again . because i said, its going to be upside . anyway hope you to always be in profit.
just like i predicted last week USD/CAD bearish after hitting triangle resistant and breaking out ending diagonal support level, today the market is forming it's 5 wave cycle downtrend, currently on its longest wave (wave 3) . We expect at least another 100 pips to the downside after market makes another major correction. so far market is bearish...
Reasons to sell
1. A completion of wxy correction
2,A bearish butterfly pattern at the reversal zone
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any positive developments from OPEC regarding deeper production cuts will underpin prices, and the announcement of a partial trade deal between the United States and China will be the catalyst that triggers the breakout.
THE US-China trade talks which continue to veer on a positive direction. Still, it’s the data that counts and traders will be looking towards...
It's all in the chart,
Even though we are in bear market, ETHUSD still look strong.
I'm still bearish on ETHUSD for the time being, due to BTCUSD downtrend.
Swing traders: Statistics and probability are on our side.
Don't worry about being right all the time.
You just have to be right 50% of the time to Double your initial capital.
Last 3 weeks price moved down with big strength. There wasn't any rollbacks
On next week there could be pull beck to Sell Zone 1.3715 - 1.3765.
It is better to look place for entry for continuation of trend. If you will open deal at Sell Zone you will be able to hold deal till 1.3295 or 1.3045
-A nice rounded bottom chart seen as the cup and handle formation comes in for a possible bullish trend confirmed by the new uptrend formed by the second part of the handle.
-Volume seams to have significantly increased.
-MACD indicates a short correction and also an increase in momentum
-If the candles break bellow trend line it would be expected to bounce at...