We are probably under 4th wave of Major wave C. it is behaving as per the characteristic of wave 4 which is complex because wave 2 was simple and it has consolidated in tringle form. this correction may last still mid august. Short it below 30 K
BTC is respecting some historical retracement lines. RSI has been on a downtrend for some time. Accumulate or buy on the lows, for profit taking on these peaks, until the RSI returns to a Bullish trend in the coming months. Crypto is being traded 24/7 by bots, they are following trends and technicals, plane and simple. Learn to play the game. I’m more than happy...
Expecting price to come back up to the resistance of trendline (1.4750) and the 0.618 Fibonacci level. We could then see some bearish rejection at these levels and see price continue its downward trend.
One more day DOWN ahead ! STRONG BEARISH MOMENTUM will break "50 day EMA" ... target price $58.50! Then we are on the long road DOWN to $52 ! Be prepared and GOOD LUCK!
I always try to rely on pure price action for analysis and use indicators only for confirmations. BTC daily shows a very obvious and simple downside breakout in a wedge pattern. Every trader knows what's going on but people get emotional about bitcoin and wanted it to be upward. So they ignore the glowing breakout. Candle closed under the long term trend line and...
OVERALL TREND DIRECTION- BEARISH ON THE DAILY TF. Corrective and ranging on the 4H TF. We can see that price has made a double top pattern and may potenially look to make lower lows to respect the overall move to the downside. The 2 potential short scenarios this week are as follows. Scenario 1 will follow a break and retest of that support level to the...
after reach to a important resistance, GBPNZD will have a bearish trend.
CADCHF short setups, trend recently reversed to bearish. We can expect trend continuation on the current 4h and 1h setups, if this doesn't workout then we can look for a pullback to the broken zone that helped to set the new bearish trend. Both of the short setups drawn are not exactly what I would look for, just a toss up for the ideas, would need to adjust the...
Short below 1.1930 with targets at 1.1895-1.1880. Extended target at 1.1860
As we ca see there is a head and shudder pattern is forming and by using our Fibonacci projection from head to the falling shudder we can have 3 TPs zones of short-term trades i shall mention that we are aware of a bearish divergence with MACD and it is the sign of a big fall in the Daily time frame
Short position USDCAD below 1.2640 with targets 1.2585-1.2565
There's no real unique business model here and they do not separate themselves from competitors More importantly we like the technical setup 1) MACD crossing at a good point 2) current strong trend to the downside 3) R = 1.77 This one will have to be monitored and TP moved to lock in a better R later. If we were earlier in the trade it wouldn't have to be the case.
Short position USDCAD below 1.2630, targets at 1.2575 to 1.2540
Short position setup AUDNZD below 1.065, targets at 1.061-1.0600
This is my analysis on GU. I'm not a professional yet, i'm just sharing my analysis. Feel free to leave tips / advice. I'm expecting strong bearish trend for the next week or so.
In this analysis in H8 timeframe, it's so beautiful just to find down a good profit in Forex. So, I have calculated that EUR/AUD it's going to down toward the $1.54 AUD. So, that will be not good for the Euro. So, I follow the trend, that always it's my friend. Daily chart it's so bearish too!!! In the past, EUR/AUD was into this bullish channel and then,...
say no to gold investment for next 3-4 years gradually start investments @38000 - 40000 levels don't fall in trap with buy trade sell on rise is the best strategy for gold next 3 years I am telling this not only based on charts there are other factors involved in it Based on Technical analysis and research with other macro and micro factor stay away from it or...
EURGBP failed to cross the flag pattern and its now forming its triangle structure and going to retest the bottom and it probably wins it and drop even more