From the daily chart, we could identify that there is a double bottom.
Stochastic RSI is also oversold, and also we could identify bullish divergence.
Disclaimer: This is not a financial/trading advice.
Double top at weekly resistance, the reversal patterns are allready in play. Trendline breakout can confirm downtrend.
Some japanese Middle impac news next week. Thanksgiving US Holiday (Thursday & Friday),
the bullish tide in USD/JPY is showing signs of shifting heading into a ...
another perspective on pound canada pair:
we see a completion of double top pattern and violation of support.
it is a clear bearish signal and we anticipate bearish continuation.
target is based on the pattern range.
testing 1.27 level last week, bears did not manage to violate this level.
As the market reached this point, we saw a heavy bullish pressure establishing a beautiful double bottom.
what are we looking for next?
while 1.32-1.33 zone is not violated, we still have a bearish bias,
however, I expect the market to ...
Today we will talk about FX:EURUSD before tomorrows Congressional Elections, so something big can be preparing.
What we see is that EURUSD bounced exactly from 1.1300 strong psychological support level for the second time, which looks like a potential double bottom formation?!
Not only this, even our primary tool Elliott Wave suggests more upside ...
BINANCE:ETHBTC is situated into a Bear Pennant which is bearish
We have a very strong resistence Ichimoku Cloud) and also if you zoom a little bit this chart you can see a Bearflag into this Bear Pennant so the downtrend will confirmed
Cboe futures will expire in 16-17 october which will result into BTC dump and altcoins will follow
ETHBTC target is ~0.00275 btc ...
Price has retraced today after a big breakout to end last week (on the 4th try). Expecting some consolidation to let the 200MA catch up, but then we should be primed for another leg higher. Initial PT @ 57.
Hey, traders. Here on the GBPUSD, we have a great example of a CTS type of trade. This market is at a previous HTF level of structure. It has also gone overbought on the RSI on higher time frames. Now, that alone is not enough reason for me personally to enter a trade, but taking it down to an hourly chart, here we have a nice double top. This double top looks ...
After key risk-event (Norges Bank rate decision) technicals can take over the field at USDNOK cross. NOK is among most undervalued ccys based on trade-weighted fair value models + it seems crude oil is stabilising. From the USD side eco data came in weaker, that might push Fed to take a softer stance on future rate hikes.