A significant price movement on recent trade make the candlestick in a price breakout signal where the price closed above the MA20, MA50 and MA200 line with high volume confirming the significant price price movement to the highest peak.
The RSI indicator have not yet cross-over indexer 70, therefore, it still within the tolerance level.
MACD and OBV indicators...
The price broke the support and closed the daily candle below it indicating bearish momentum.
We can expect a retracement to the broken support (Pivot) before resuming the fall to the monthly support.
Today is a day off for the US market which means less volume.
The downtrend on this pair continues and we will be looking for selling opportunities.
On every pullback and rejection, entries could be made.
It's still possible to see price pushing up to 1,0500. That will be a good moment to watch out for reversals and entries.
The price candlestick indicates a price breakout signal where the price closed above MA20 and MA50 lines with volume crossing up the volume MA20 line. Hence, confirming the price breakout towards the next price resistance.
The RSI indicator confirms the significate price movement towards indexer 70.
MACD and OBV indicators indicate a positive uptrend momentum....
Everything I love about USDJPY during its bullrun. Look for bearish trend, use fibonacci, wait for trendbreakout and candleconfirmation.
PaTtErNs AnD TeChNiCaL aNaLySiNg Is BuLlShIt
GG Ez MatrixV
GBPAUD has very interesting setup on all three timeframe the daily, 4hourly and 1hourly. Let's first talk about the Bearish Gartley Pattern checkback. Once the market open, you can decide if it's your style to engage the trade.
There is a Bearish Gartley Pattern setup on the 1hourly chart that completing at 135.71. This Gartley Pattern setup is a trend trading setup. Even that said a Gartley Pattern setup like all other Harmonic Patterns setup is only valid when the movement reached Point D with candlestick confirmation.
Trend Traders there is a great trading setup for you. Structure Trade setup within the Supply Zone. You can wait for further confirmation to engage the trade.
Hello friends,
Pay attention to the blue line.
It is an important level that has pushed the price higher in the previous session.
Now, by creating a suitable and low-risk candlestick pattern, the failure of this level has been confirmed.
What I expect is a price drop of at least one unit.
Good luck.
SL: 1.07880
TP: 1.02392
The downtrend on EURUSD continues and so are the selling opportunities.
The pullback that formed yesterday allows us to enter short from 1,0500.
If price manages to push a little higher and retest the zone, this will be the best scenario.
Stops are still above 1,0615 and with that, we are expecting a breakout of previous lows!
Hello everyone. There is a lot of news circulating in the crypto market, from the sudden crash of Terra luna to the 3AC liquidation. It seems buyers are reluctant to get in after 70%+ drop of BTC based on the volume market in the chart.
Where could it go?
It could be on the way to test $15500 by measured move. In the short term, I don't see any rebound happen...
I will short BTCUSD below 19,829 with 1% risk on my account for a 3% gain
I will long BTCUSD above 20,416 and risk 1% for a 3% gain .
Just watching price action for the next 18hrs to see if we get any of these prices for trades.
