Symmetrical triangle 6 days long... well it has a chance to be a nice move... Indicators look ok, we need that SRSI to turn back up... Until that, we could see a drop from the triangle and retest of our marked support level... Set alarms and catch it wherever it goes... Good luck traders
➟ Price reversed from the top of an ascending channel after showing Divergence on the RSI,
Price Breakout the channel and 50 EMA
✅ We will be waiting for a retest to the broken level and look for a bearish confirmation on a lower timeframe
Double confirmation of the breakout of the resistance. The Risk Reward is also very good because statistically a trade of this kind is good 4 times out of 10, and when it is good we can statistically have at least 3 times the profit when we lose on the capital allocated.
We are officially above the neckline on the 4hr chart!! And with only 4 minutes left to go before this 4 hour candle closes...we may actually close this candle above the neckline! Very exciting time to be invested in btc! Now remember folks we still even if it closes above the neckline on the 4 hr chart are going to need the next 4 hr candle to close above it as...
Symetrical triangle followed by Elliot 12345ABC. I went a bit far here but my expectations are high. keep in mind: Hardfork coming up on 5/3. Sell at least two days before that and move stoplosses regularly.
W1 - Double cycle, price respecting 61%. We might see a range.
If there are no buys from the zone where the price currently is, we will be looking for buys in the next zone.
D1 - We have a range, price is at the bottom, we might expect it to reach the top.
H4 - Intraday cycle, bullish divergence, price reaches the magnet zone.
Aggressive - Wait for breakout...
D1 - Bearish cycle seems to be near its end. Potential divergence is also present.
H4 - We find a smaller cycle on the H4 chart which seems to be also completing itself.
It all seems valid and correct to start looking for buys.
H1 - What we are looking for on the H1 chart is to see a clear breakout above 1.4565 level. Once that happens we can start looking for buys.
The Dax index is looking very positive whilst it holds up above critical support at 12400-12370. Waiting on FOMC meeting to end, this index is expecting the news to be positive. There's over 1000 points upside if the news from FOMC is received as well as the pattern on this chart suggests it will be. Only if it breaks below 12370 on bad news will this index...
GBPAUD has been in a strong uptrend for the last two weeks. The breakout of 1.9450 suggests to me that this pair is likely to continue higher into next week. Trend following traders may already be long on the break (if so, well done, now just hold on!). If you have missed it, a more conservative play is to wait for a pullback to the breakout point of...