NZDJPY broke through to lower levels on the descending channel on daily and has made way back this week to retest that broken level, price is experiencing heavy supply flow on monthly . Shorts are valid now on h4 swing target 69.900 range on weekly
Last week I went long with EURUSD, last hour it went down and touch my SL in losses and broke the 1.23 support and is starting to break the trendline as well. I'll wait for a break of the zone to enter short with a first TP in the next zone 1.22500.
The following indicators are on the weekly base and therefore we can expect the price of BTS/BTC to go up continuesly for the next WEEKS
-StochRSI just crossed.
-MACD still under 0, plenty room to grow.
-RSI under 50, plenty of room to grow up to 70.
The marketcap is just 355 mln USD, it is traded on Binance and Poloniex. Binance is the biggest exchange,...
West Texas Intermediate WTI USOIL
WTI fell exactly 50c short of the upside maximum target
before topping out and falling below the the lower parallel,
thereby flipping WTI from still positive to negative - on a
dime. Since then it's fallen away seeking support from nearest
structure to left - and found it at 58.14 - the top of the
structure to left. It's...
Alright, looks like Monero (XMR) has been overbought and a short position would be the most optimal here.
We have crossed the support line which supported this current trend, and now the market is looking for the new support level.
Given the current base support line, I think a very reasonable target price would be $230.
GBPUSD Sterling/Dollar Long Term Trend Change
GBP effectively double bottomed nearly a year ago now. Since then it's been travelling in channel whose
penultimate rally recoiled very precisely from the long term dynamic which has clipped all previous rallies back as
they rose to touch this powerful last line of bear defence. Below that line they have...
NZDUSD has created a good short trade setup on the daily chart, according to my trading strategy. A strong bearish engulfing pattern, at the bollinger middle band, also breaking through a strong resistance line and two resistance levels.
The bearish candlesticks are also stronger than the previous bullish candlesticks....
On the W! chart, duplication of first bearish leg is expected. Price moving lower now after respecting the weekly channel..
On the D1 chart, price broke the uptrend line and duplication of first leg is expected.
On the H4 chart, we will be looking for the broken trend line to be retested and corrections towards the zone 1.3390 – 1.3440 which will provide us...