EURUSD broke above the top of a falling channel and a supply zone at 1.1590, marking an end of the current short-term bearish trend.
The market may falling into a ranging market or reverse into a short-term bullish trend towards the top of a 5-month falling wedge.
At the same time, the dollar is retreating from its high amid the market has already priced in a...
As discussed in my previous idea, recommended a long position entry near 785 levels. Time to add on this breakout. we already have a 8% gain on the trade. Keep an eye on this. In case price renters channel, we look to close trade. Upside target previous high
Very brief post here -- just drew this basic channel and was surprised how accurate it is on daily vs 30 min timeframe, so I wanted to share it. See 30 min below:
If this is something worth looking at to go by, I doubt we'd drop much further than 50k, if we drop at all.
Hey guys, on the h4 TF, this pair was trading in a channel. It broke out to the upper side then retested the upper trendline. I expect this pair to be continue wit the bullish momentum. My bias will be invalidated incase it breaks that trendline to the downside.
After 5326 Days, Price is leaving the Channle...
Are we gonna see a significant breakout?
Or no, USD is gonna get its Sh*t together? and will return to the Channle?
I dont get a good Vibe from USD nowadays, but its to Early to say something..
So we casually will C!
i could see these 2 Scenarios..
i'd be happy if you also Type your thoughts in afew words..
Gbpchf has been trading along that horizontal channel, till it got to that upper trendline. I would wait for confirmation to either go long or short. To go long, I would wait for that upper trendline to get broken then wait for a retest. To go short, i would wait to see reversal candles along that zone.
Happy trading guys.
We just formed a perfect diamond, with bullish confirmation! Looking for a run on $1.64 before any chance of another strong draw back. If XRP is going exponential, expect a break of this range with a high chance of retracing from $2 to around $1.72.
Another way of viewing this, is from the Wyckoff Method. We are currently testing the "LPS" (Last Point of...