Waiting for GOLD to break one of the SR zones.
After breaking, we put a pending order to the outer edge of the zone.
Highly recommend to use Twin Trading, for bigger potential profit.
Stop Loss - I'm using max 40 pips stop loss. The most important is, to put it behind the SR zone. But it all depends on your strategy and RRR.
Take Profit - Put take profit at the...
Continued Euro weakness and uncertainly may strengthen the Yen. Technical trendline break is a possibility if the pair close below for the week. Considering cloud analysis, its still very much bearish but it is at a level of support which may stall the move down. Will have to wait for price action to indicate otherwise to proceed with long sell of the pair.
Pair : #POE / #BTC
RSI : 59
TA Notes :
- MACD :Already crossed over for a bull run indication.
- EMA : Looking bullish below the current candle stick formed showing a short term bullish trend formation.
- Volume : Needs some more energy to see a good spike but looking fairly good for now though.
- A good formation of candle stick...
GJ today with the News, broke out of the Uptrending Channel where it has been for the past days. Now I see 2 scenarios:
a. It retests the Channel and dives down
b. It breaks back into the Channel and continues the Uptrend
Polymath consolidates after strong sell-off and it´s prepairing for bullrun.
Buy POLY now or after breakout the red box which is strong resistance zone , set limit orders into the green box in the chart, place stoploss below 1060 sats . and set targets into the orange boxes.
WEEKLY: Price on downtrend making LH & LL since aug 2017
Nice price rejection at 0.76 with double doji
DAILY: Price broke the trendline with nice double top
Rejected off support & fib 61.8
CONCLUSION: I will be looking to short this pair if we can
manage to break through first support and the second one