Afternoon from the UK. After several weeks of a decline as anticipated we have met up with Point B pdf the trendline and a weekly key level of support. On the daily we have a Tweezer bottom in which a hammer makes up the latter part of the tweezer formation. (Read up on the tweezer candles) This indicated to me a pullback/ retracement is due after the sell...
Good evening from the UK EURNZD let's talk about these currencies individually. New Zealand Dollar has been plummeting the past week with multiple NZD pairs on the decline with mo sign of slowing down. Again similar scenario with the Euro as you can see in this pair with multiple swing lows respecting the downtrend trendiline. Now rules of a trend line today on...
Lisk had not so much interest during the past month, while it has been trending down from btc 0.0015 to btc 0.0004, loosing almost 75% against Bitcoin. But now things are looking to change as Lisk found the support at 46k satoshi and then at 52k satoshi. These price levels were rejected cleanly and are confirmed by 327.2% and 361.8% Fibonacci retracement applied...
A small corrective structure has formed after breaking out above 0.9640. As long as we are above this level I am bullish and am looking to buy weak pullbacks into 0.9655-0.9640 area. First target at 0.9680, second target at 0.9710.
GBPUSD technically shows us a good chance to start buying it.
It forms a divergency, it's candles show that bears quite weak about sending it lower, and so we consider long could have chances to go up to a very long channels high.
Plan A: we but today before the market closes then we watch the market how bullish orientated it is.
Price action likely to consolidate around weekly resistance at 39.63 before advancing to the next weekly resistance at 49.08 before pushing upwards to 50.68 where the physiologically important $50 oil mark will likely cause the liquidation of long positions and a sharp correction downwards.
Buy entry point at any failure to break before between 42.32 - 41.42
-Firstly we are up trending on the 4 hour
-We are making higher highs so to signify uptrend
-We cleared key level of 0.7000
-We are trading above the Key Level
-We are due for a new higher high and a impulse move to the upside
-We also have come to the trend line and has show Strong level of support
-Also on the trend line we have reacted and...
-Firstly as we can clearly see we are in a Triangle formation
-We have had multiple bounces from the Bottom trend line which is now acting as Support
-The previous Four hour candle was a doji on the trend line
-Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support
-As you can see we have Lower highs and lower lows
-This shows us a clear down trend on the daily Timeframe
-We have bounced from our key level at 2.00000 and have found some bullish momentum
-As you can see we also have our trend line underneath Price
-So essentially we are still up trending on the higher timeframes
-The past day put in a long...
- We are clearly up trending
- We are putting in higher highs and lower highs
- We are getting nice swing highs and structure
- Previous 4 hour candle was a bullish hammer (Bullish candle)
- We have nice long wicks to the downside which signals more buying power
- We are above key level of 0.75000
- We put in a huge Bullish engulfing last...