The next target on EURUSD - 1,0600The downtrend on EURUSD continues and we're expecting that price will move in the same direction.
That means, we're only looking for short positions.
The best entry opportunities are on the pullbacks which in this case might be below 1,0700.
In case of rejection around those levels we will be looking for a continuation down below 1,0600.
Breakout-pullback
The downtrend on EURUSD continuesOn Friday we saw price drop to the previous lows at 1,0767.
From there we could expect a possible pullback and another drop to break below those lows.
This is one way to enter short trades on rejection of the zone.
It's probably the better option as it will give you a good risk to reward ratio.
The other way to enter a trade here would be to wait for break and retest of current support.
On both scenarios we're expecting to see price reaching 1,0673.
This week, we want to get into a short trade once we have a clear signal.
#bitcoin after the big breakout 🔥 hi there guys I hope you the best.
the #bitcoin made a huge breakout and an my experience after a big breakout such as this the market usually will form a pullback and that's the time that professional traders will buy so i suggest, if market made a pullback you go for it remember good trades needs patience.
cheers 🥂.
Drep is ready to surpriseHello traders!
Alt season is starting and it's not a surprise we will see many bull rides but it's a surprise that Drep will show a strong bullish move. We will soon see a surprise rise to atleast 4.5 which is about 680% from the current price.
We can see the bullish curve on the chart and we can only notice 3 bulls' tips and it can form 5-9 rises like that so we can expect at least 2 more bullish runs that will break the curve line.
It's at a perfect buy position because we can see a pull-back pattern and this can be the start of a big bull run.
Don't forget to hit the like button and follow to stay connected.
EURCAD Impulse Correction ContinuationWelcome back! Here's an analysis of this pair!
**EURCAD - listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
EURUSD: Weekly Forecast 6th February 2022EURUSD made a strong V-shaped recovery throughout the week, the biggest weekly gain in almost 2 years.
The move also caused a break-above of a 8-month falling trendline, making a stronger case for more upside in the coming weeks.
This week, we expect more correction at the beginning and will be looking for buying opportunities around 1.1380.
RS | Bullish Wedge Breakout | Entry @ PullbackRS | Thailand SET Index | Media | Commerce Sector | Price Action Trading
Chart Pattern: Falling Wedge Bullish Reversal
Price Action: Entry @ Breakout Pullback
Indicator:
Volume profile strong support Stop-loss position and possible for uptrend price jump
RSI: slight bearish divergent indicating short term price pullback - buy opportunity
MACD: bullish golden cross signal line above baseline 0
Trade with affordable risk ratio 3:1
Always respect your stoploss
Good Luck
DP
MATIC quick 1 hour trade.Matic has made an ascending triangle on hourly chart, I believe it has to follow the path shown on chart, its better to wait for confirmation and pullback after breakout.
Good luck and have profitable trades.
Don't forget to like and follow.
Ready for BTC pump?1) A strong support at level 29,000 to 30,000
2) We have a head and shoulder pattern and broken neckline
3) Resistance area between levels 53000 and 59,000 are broken
4) And we can see that the resistance becomes the support
5) Then the pullback happened
6) Now, We have a hammer pattern in support area
My opinion that BTC can touch the price area between 120,000 and 160,000
What do you think about BTC?
Warning: That is not a buy or sell offer, It is just an idea and has an educational aspect!
BELUSDT(breakout)Hello traders.
BEL broke the downtrend line(marked in black) with a sharp move and great volume and now after some drop it has reached to the multi support zone (the intersection of horizontal support(red) and broken downtrend line(black)).this support zone is strong and we can expect rejection from here.
in case of more drop the next level for rejection is the intersection of channel's lower band and blue support level
A bullish flag and it's pullbacknew fantom update :
We have a nice descending flag, last night the price broke the flag, and now we're on its pullback.
This setup has an efficient risk/reward ratio.
When should we sell GOLD?Yesterday we had a breakout of support at 1806.
As we already know that gives us the opportunity to see price down at 1784 as first support and maybe even lower values in case of another breakout.
When should we sell though?
If we don't yet have any active short positions then we need to find out which will be the next resistance level which will push price down.
In this case this is easy - the previous support which should now act as resistance - 1806!
Once market reaches that level again we would expect a rejection there and an entry signal.
This setup will be invalid if price goes above 1830!
The next support levels as well as target levels you can see in our next analysis!