D1 - Price broke below the uptrend line and retested the breakout.
Expecting further continuation lower.
H4 - Price is bouncing lower from the top of a bearish channel.
Until the key resistance zone holds I expect the price to continue lower further.
Good morning traders! Today we want to present you a situation that we consider to be very interesting for the short-medium term. In this case we refer to the USD / CAD pair, which, in our opinion, is in a decisive zone.
🔸We see that at the beginning of this year the price faced a resistance zone, where it was strongly rejected, and from there it began a good...
-Altcoins will start rocketing when BTC.D breaks down from symmetrical triangle!
-We Are In For A Treat!
-Keep #ContemplatingCrypto !
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HI BIG PLAYERS,
today I show you a possible bullish setup, based on Cypher Harmonic Pattern.
The setup is to use on EURUSD. It seems that the EURUSD will try to catch the last high.
After that I think that a downtrend will be developing.
The RRR (Risk Return Ratio) would be 1:5. For every invested 1 Euro you can gain 5 Euro.
Please look on the chart.
It looks that we have a bearish diamond on the 2hr chart and a Hanging man candle at daily. I'm out for a moment.
So I think BTC it's going to descend to target 1 and maybe but less probably, target 2. Now, maybe it's time to start looking for altcoins.
Getting out of the channel would invalidate the idea.
Take care, high volatility (and winter) is...
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On the 1H chart, XRP/BTC is clearly forming a wedge. It's likely that this wedge will signal a bullish move since it's close to a bull-flag, but it could end up being a bearish signal as well.
Keep an eye out for price action and a convincing break-out above/below the confirmation lines, preferably on a higher time frame.
Either way, I think we're gonna see some...
AUD/CHF failed to pierce through the resistance area around 0.671, which has been holding strong since early June. This reversal is our signal to open a short position, with the targets around Support 1 and Support 2.
If you're feeling very lucky, you might ride it out till the bottom, support around 0.64, which is bit too risky for me.
The PEAD projected a slight bearish outlook after a negative under reaction following $BZUN earning release placing the stock in Drift D
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Happy start of the week traders! Today we want to share this idea that we find interesting regarding the upcoming behavior of GBP/USD.
🔸We see that the price after bouncing off the resistance zone and breaking the Asecnding Trendline began a consolidation. We were expecting a bearish continuation but it clearly did not happen. On the contrary, the price...
"Be fearful when others are greedy" - Warren Buffet.
More applicable now than ever !
I've looked at the put/ call ratio as well as VIX which reflect extreme greed and a broken market. This type of euphoria that "stocks can never go down" is only a belief of dumb money and a strong indication of a top.
Hi traders, we have a nice shorting opportunity building up here on the GBPUSD, I am looking for the market to head down and we do have 3 potential targets that the market could get to so let's see if the current resistance level supports the short.
Good luck traders!
In my last post as I told you I am expecting Wyckoff's distribution pattern so when the market reached BC(buying Climax) it was a clear sell because the market dropped after making M reversal pattern, according to Wyckoff's theory that was the Automatic Reaction AR after that market formed bullish engulfing at 16500 and the engulfing pattern is...