Looking at the charts we are trading inside a descending triangle, after the dump, we had this could also be a continuation to lower levels but i see a relief rally coming soon in markets. a final pump before another major crash.
one more thing noting here is this possible H&S in the making, there is a low chance of this working out as we are at the BOTTOM not...
As you can see the market is moving in a strong long trend.
Probably it'll break the resistance area between 1.27600 and 1.27450.
We recommend to buy the retest of the area with a risk-to-reward ratio of 1 to 2!
After a $192 to $250 price movement. Price had 78.6% retracement and has then formed a Hidden Bullish RSI Divergence.
Price started moving up and consolidating forming an ascending channel.
Further consolidation could be expected before breaking out of the channel.
The price is breaking a flag pattern, break of restistance in this strong uptrend would be additional confirmation for us. So enter right away or wait for pull back if you are more conservative... Remember, you need to monitor candlestick patterns because it could be triple top as well and then it's going to be an end of trend.
Entry price - 112.450
TP - 113.450...
It's been a while since I've published an idea, but that hasn't worried me. I'm not in the game of trading just to trade. I'm in the game of making as much money as possible. If a move isn't attractive to me, I won't bother making it just for the sake of trading. Most of my recent research has been in foreign markets such as Russia, South Korea, and Vietnam, and a...