BTC/USD is showing a potential double bottom here. It has to break the labeled resistance to confirm the target.
Additionally, this is the first chart I've published in a while. I'm coming out of hibernation because I think the bears are about to hibernate for a couple years. I am making this general market prediction based off of buy volume from Binance, ...
Usdcad weekly double top (1.33750) resistance already broken.If this is a genuine breakout,Usdcad might find its next resistance at 1.36995.My long term view for this pair is 1.46148.
Tp can be set at 1.33552
Just trade for a small bounce, if the double bottom fails to materialize, get out. Do not put more than 2%. It should be a small trade.
The bear market is still roaring, but all bears bounce sometimes.
Volume is picking up a bit, perhaps enough for a small temporary retracement.
SMH has falsely break out of the 98 double top resistance level on the back of some positive general market sentiment.
However, the break was short lived and it has been quickly auctioned back into the old trading range.
A false pattern is a powerful pattern in itself as a failure at one side of the range tend to fuel move to the other side of the range. Now I ...
USDCAD has been on an uptrend but has broken its trendline support. There is a double top with broken neckline. I will place a sell limit at the 61.8 Fibonacci retracement level of the right top to the swing low. This is in confluence with the broken trendline support. I expect that level to hold upon retest. Stop loss is just above the right top. The take profit ...
After the market tried twice to break out of the 4000 to 4400 area, it gives us a hint that we might be expecting a bearish movement next after the double tops has formed. My target for this will be first at 3678 and secondly at 3296.
USDJPY 60m. There is a Double Bottom now but the bearish move has already went much below 50%. Several bear spikes and failed bull attempts to go up on 60m. My target for a short here is the beginning of the prior bull channel and then a test of the longer-term trend line.
Since the day opening, EURUSD in M15 TF has been rising until it hit the Friday's High level (dashed upper green line) manually extended from the auto-generated by Graph Reader Pro 4.0 Invited-only-script. On 20181204 19:03 EURUSD M15 finished M-formation around this green line of 1.14000 USD/EUR. The completed M-formation allow a selling opportunity with a price ...