Signs point to a Bullish BTC trend.
With the primary correction and consolidation complete, a strong bull flag, RSI breaking 50k on the daily, a completion of wave 4 with a movement to wave 5, and additionally, the squeeze momentum completing its cycle, we are now running with the bulls. Expect to experience resistance and stall out for a bit between 4085 and...
I expect to see a resolution to consolidation pattern that developed in BTC over the past week. Dependent on whether the breakout is to the upside or the downside, I expect to see either 4120 or 3530 early next week.
EURAUD exchange rate for a week is moving in more than 150-pips consolidation, which was formed after setting the maxima at 1.5073. The wider trend remains bullish, but signs of weakening are showing, even in the form of the discussed consolidation.
Currently the rate is at the lower limit of this consolidation, which is located at 1.4930. Successful breakdown of...
USDCHF is breaking the 30' box. The top of consolidation was just confirmed by previous candles, and the final target is on the top of a bigger consolidation as seen at 1h.
The major resistance zone is 1.00 (big number), which is close to 1:1 risk to reward. If price reach that area I'll bring SL to breakeven.
I'm long again on this Bull Flag breakout. The market reading is the same as today earlier, but with a different timeframe and momentum.
The actual candle just formed a big Bullish Outside Bar, breaking up the consolidation box and showing the strong up momentum.
The day trading relies good part on timing and momentum, it's important we realize that.
slow upward movement this year so far, with a lot of overlaps. an momentum explosion in on direction or the other might be imminent. shortbreakout would ofc be easier to trade with the apparent clean structure, so at least look out for that.
This is a followup to an idea i posted a few days ago that worked out nicely so far. since i already reduced my risk in the original trade and i still like being long here, i will try to use this setup here to put a little more risk in the market and increase the positionsize that way.
so the idea is to buy the breakout from the consolidation (if it breaks to...