Hy team we are here to update about EURUSD. EURUSD has breaked the main Rising Wedge. Now this is in a small Retesting. After this retesting we can see a good drop in price. We will wait for better entry at this.
Keep in touch we will update further soon.
I do expect BTCUSD to really start longing really hard now after a slow offline weekend while the forex market online, its now online to bring the volume in BTCUSD to rise significantly. GOOD LUCK traders, be sure to check out my USD Stream forecast on my profile that made this move.
4 HOURS (H4)
The double top target @ 39'552 has been filled with an intraday low @ 39'450, roughy also filled the 50% Fibonacci retracement @ 39'400 mentioned
in my previous analysis.
No bullish divergences detected so far !
Lagging line below the clouds too.
RSI below 50, @ 34.09
Nevertheless, after this nice decline, it is likely, on short term to...
Yesterday's recovery price action, triggered on a closing basis, a "SHOOTING STAR". Indeed, after a failure to
recover above the bottom of the weekly clouds and above the daily Tenkan-Sen, the BTC closed @ 36'829.
Such kind of price action is, once again confirming this ongoing persisting downward pressure which is clearly showing
a mode of SELL ON RALLY and...
Good morning to all of you :-)
Today we are going to look at two main intraday time frames which are Hourly (H1 ) and 4 hours (H4)
Indeed, in my last and previous analysis, I highlighted a potential double bottom formation in progress on H1 with its trigger level
@ 47'450 which has been filled and broken with an intraday high, so far @ 47'750.
HOURLY (H1)...
DAILY PICTURE :
57'500 which is the double top trigger level should still be seen as a KEY PIVOT LEVE L for further development.
In addition, slightly below this level we can see the Tenkan-Sen or Conversion line, currently 57'368.
As already mentioned, a daily closing below both levels mentioned would add further selling pressure and put the
focus to...
I have 3 scenarios that im watching for here, 1 bullish and 2 bearish (these two are basically the same, just different paths)
The bullish scenario: This is the green count which would be minor wave 4 to wave 5, of intermediate wave 1 (not shown) of primary wave 5 (in orange)
This count assumes that from April 14 to June 22 was a 3 wave ABC move down to complete...
