Celo is forming Cup & Handle pattern and seems to be ready to break the neckline. If it really does then there would be a chance for run to 1.385 and even higher. Have set BUY STOP-LIMIT order @ 0.892 to catch the potential breakout which is agressive approach but that's just me. One can rather wait for break confirmation and buy the potential pullback to the...
It can be seen on this chart that the moving averages (especially the 50 and 100MA (death-crosses) more evident) are following repeating moves while the 200MA moves steadily higher
We can use this information to predict the price action within the channel placed
I expect a small move upwards to the top of the channel and then rejection back to the bottom of the...
Massive dip today, probably well orchestrated too with billions of dollars lost in liquidations.
Let's take a step back and see how our levels works.
Look at our previous ideas below for comparison. (CLICK ON PLAY BUTTON 3 TIMES ON PREVIOUS IDEA TO SEE TODAY'S SUPPORT LEVEL MEETING OUR CHART EXACTLY)
No love today,
the FXPROFESSOR
