Descending channel breakout and retes, price is getting ready for mayor rally.
Target 1: 0.0000146
Target 2: 0.00000159
Target 3: 0.00000175
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Hurray! NAV is getting close to breakout zone. I am buying some below that zone with tight SL in case it won't go through. See day chart below.
Basically we have a channel between 630 and 670 that will hold the price for a while. But both targets can be reached in one go. In both cases this coin is getting interesting for trade.
Buy after breakout pennant resistance line. Pennant figure is a continuation trend figure... during the formation of the pennant figure the volume decreases- we can confirm it on the volume indicator. During the resistance line breakout the volume will increase----> TIME TO BUY!
GBP/USD After the climb starting from the bottom of period, it reversed his race to 1.30. The break of bullish trendline could bring the price to 1.25-1.26 area , but we still have the idea that this is a retracement movement and that 1.25-1.26 area can provide sufficient support to reset the bullish movement.
I intended to analyse this pair with Heikin Ashi to remove as much noise as possible and clarify the idea. Price has reached a very important level where it needs first to retest recent highs."As GBPUSD used to do" then bounce back to the downside and join the channel once again. Our goal is the first previous down-trend line that was...