Bullish Bat Pattern on the H4 approaching.
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I haven't been keeping an eye on this setup, so I got to pay for that by missing the initial breakout. However, the upward/bullish sentiment is still prevalent, so we can still take advantage of that.
As we can see, we had a pretty long descending channel and fortunately for us, it broke above the resistance line and we are now anticipating the market to test the...
BUY SET UP NZD/CAD.
I BELIEVE WE COULD BE LOOKING AT A NICE SWING TRADE:
-FIRST OF ALL WE HAVE BEEN BEARISH FOR 5 MONTHS.
SO WE NEED TO MAKE A CORRECTION.
-SECOND IF WE START ON OUR MONTHLY CHART WE CAN SEE A TREND, AND WHERE PRICE IS SITTING NOW WOULD BE THE THIRD TOUCH WICH IS ALWAYS OUR BIGGER MOVE.
- THIRD WE HAVE ALSO A INVERSE HEAD AND SHOULDERS CREATING...
Ripple has broken its long term Support, which means it has more room to go downside.
Would place long bits between 0.21-0.23$.
This is a long term trade, which also depends on the bitcoin price movement. There is strong resistance at 0.30$ and needs to break it before making an uptrend movement.
We have the following factors:
Good price reversal zone at 61.8% Fib (respected several times)
New high formed
Downtrend Channel Breakout
Things to expect:
+ Good price action in between the 61.8% and 70.5% Fib Levels
+ Be careful of fundamentals to come on USD
*If this is not met I wouldn't advice on taking this trade, and just wait for it to...
If you take a look at the weekly TF you will see that its at its lowest support zone which makes it a very strong case to start moving up, also if you take a look at the other Forex AUD pairs you will see that they are all poised for a bull run.
as you can see here that the daily had given us great confirmation for the bull move providing us a shooting star...
The price has formed a descending wedge with MACD divergence so we are waiting for the rupture of the wedge to enter the buy.
We should wait for the price to close above .235 Fibonacci level.
Comment your thoughts!
AUDNZD has a great chance to pop up much higher after confirmation of this 3 simple steps that the market is showing us right now.
1) Breakout of the Daily Channel
2) Bullish Candlestick formation
3) Strong Volume Bar (indicates more buying interest)
with that said the market is communicating with us telling us that he is getting ready to break up higher,...
So as we can see at the fundamental analysis we see rate cuts and the trade war on the table. I think that we can assist to a down move on the MN, W1 and D1 chart, but at the same time don't forget about the uptrend.
Enjoy it and have fun!
EURJPY HAS REJECTED THE ZONE AFTER THE BREAKOUT OF THE STRUCTURE WERE LOOKING TO GO LONG.
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Price now at The Weekly Key Support Area
There's a possibility that price will bounce to 0.68691 area before continue to fall to the Monthly Area
We wait for H4 to have a clear breakout and have our long position on the RBS Area on H4
Potential target is 0.68691
Analysed by :
Adika Anugrah W - @adikanugrah
Stevano Devon - @stevvon
Rayhan Ramlan Esfa - @rayhanre