I see a short opportunity with GBPNZD as there is a pattern within a pattern.
As you can see the nature of the market is that it is currently on a downtrend and price is correcting.
Both channel and head and shoulder pattern have tendencies to break towards the downside which will help us determine the next impulse.
ADABTC was situated into an ascending channel and now they are broked down Which means now they will make a correction. If we check Stochastic RSI we have a clearly bear cross. RSI is situated above neutral zone but it s still dropping.
So,in this case,probably we will going down,keep your eyes in these fib supports
Re-buy 1044-1102 for long term
Don t play it on BITMEX
Price action has formed an ascending wedge pattern on the 4hr chart and an inverse Head and Shoulders Pattern on the 30min/1 hr chart of the USD/CAD. Dailly chart shows price is between the 38.2 and 23.6 fibo levels. Thus, the possibility of price resisting this level is high. However, price might still retest the 50-60 fibo levels. In my case, I would wait for a...
SELL After Breakdown Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
SPY is in a tricky situation here. Currently it is stuck in a short term ascending channel. The breakdown point could be any day now as the daily Stoch and RSI are reaching overbought levels. One it breaks down, the next point to watch is the long term support level from back in 2017 at $254. From there it can either break below that, or rise back up to the four...
EDIT: Sorry, guys, you're going to have to scroll the chart. Tradingview hiccuped when I published them apparently.
Good morning, traders. Price bounced exactly where I said it would yesterday, so where does that leave us today? The bounce created a bullish SFP on the D1 and price has consolidated around the $3630 level since then. During yesterday's live stream...
The dollar fell into the demand zone around 95 but did not show any strong rebound.
Instead, the price barely manages to stop from falling further and finally some retracement is taking place since the Asia market started.
As we enter into the euro session, there's a possibility that the dollar will continue another wave of retracement before it can find more...
USD/CAD is currently in an ascending channel formation.
The resistive trend line has catapulted the price action with consecutive strong bearish candles.
We expect the pair to reach the supportive trend line from here.