Ethereum/Dollar ETHUSD Straining against resistance from the old hgh at 420. Be very careful here. The range between the two blue lines is full of whipsaw. Take Profits or short from the top, with stop above the top blue line, looking for support again at the lower blue line. Only go long again on a break above the top line, supported by successful retest
Bitcoin: BTCUSD Still marvel in amazement at the classical way that this thing behaves...It is a text-book chart of the future for absolute sure. How long can it go on ? Time will tell..no stops at 7830 and above have been touched, so we're still riding this monster as she dives deep, and so far haven't been thrown off her back There is minor support at 6445,...
Bitcoin: BTCUSD Don't like this pattern very much. That bloody trend line just won't quit ... running out of near term momentum potential. Decision time: depending on what type of trader, day or swing or long-pull; Day-traders stick a stop right under it, around 7320...next stop at just under 7300 and final stop remains under 7250 for now...it really needs a...
Looking to buy Bitcoin at highlighted levels. Fibonacci works like charm here.
DXY Dolar index Low at 97.28 just 2 pips under the trigger - looks very bearish but concerned about getting sucked in before the open....need to be careful here as a chance of quick rally towards the upper parallel before coming off again. Whilst trapped under that parallel the Dollar will remain under pressure and will turn full-on bearish on a break below...
Sorry for my Head and Shoulders analysis completely wrong i cant delete it .First of all, the downward trend has to be passed completely. RSI is weak now too.If USDTRY can break MA20 too, we must do other technical analysis.
seems to be making a bullish abcd patter,
Today RBA Cut the the Key Interest Rate by 25 basis points From 1.75 to 1.5 as Consensus suggested. The Australian Dollar rallied and now has formed a Bearish RSI Divergence on the 4 Hour chart after Hitting Important Resistance of 0.7620-30 looks Like it will pull back a bit at least to 0.7540 which also a important support and fib leve l before...
careful with the short one,could bounce!
EURGBP could be facing a potential reversal, looking at all the signs. I have explained the crucial areas on the chart, but I will go over it in more detail. On chart: As we can see, the pair is closing in resistance at 0.8, which is working as a strong resistance, but due to it being a physiological level, but also because it has held multiple times throughout...
AUDUSD HAS BEEN FORMING A MONTH-LONG WEDGE, AS WELL AS A DOWNWARD PITCHFORK. AUDUSD IS ABOUT TO INTERACT WITH THE BOTTOM SUPPORT OF THE WEDGE, BOTTOM SUPPORT OF THE PITCHFORK, AS WELL AS HITTING A FIB LINE. IF BOUNCES, LONG, IF BREAKS ALL THREE SUPPORTS, MAJOR WEAKNESS SIGN. CREDIT TO: ICETRADING FOR THE ORIGINAL PITCHFORK CONCEPT.