- The most recent pump has painted a bearish divergence on the 1h, 2h, and 4h RSI.
- If Bitcoin dumps from here, or even from a little higher, this could indicate the possibility of the formation of a Bearish Ascending Triangle if the price retests the ascending support line.
Ascending Triangles are characterized by a series of higher lows but the same highs. The...
We have seen EUR/CAD on an obvious downtrend recently. We are currently retesting a broken support, which has now become resistance. If we continue the trend, EUR/CAD should bounce off of this resistance level, and find support at structure.
Strong and fresh supply level for swing term position,
I'll sell at the supply level,
If the price will breakout the confirmation zone it indicates the price tend to reach the supply level,
there is a space of 80 pips between the confirmation zone to the supply level,
we can use this space and try to look for intraday buy position.
Symmetrical triangle trendline broken to the upside and we now have a small pullback/flag where I have gone long in hopes of a continuation move.
More conservative traders can wait for the flag line to break.
Good risk reward on this trade.
AUD/JPY just recently again broke above and has retested a downward trend line it has created and been under for a while. A break and close above 78.550 will see us re test the next point on the trend line at 80.00.
After being range bound for a while now AUD/JPY finally looks like it is preparing to make a break. I am favouring a downside break for this pair to 75.848 and possibly beyond. i will be waiting for a breakout, retest and continuation to enter into this one which looks like it could offer a nice risk reward as well. If this market was to turn on its head and break...