The first wave of fall in the GRT market . We wrote about it in our previous idea:
Sellers managed to lower the price by 40% in 2 days and set a new local low of $1.3
The buyers managed to counterattack quite successfully. The critical point for...
☑️GOLD is trading below a resistance level
From where I think it will drop down
In a correction move to retest the lower levels of demand
SHORT↘️
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Long trade setup based on
1. Falling wedge
2. Double bottom
3. High timeframe support
Disclaimer: Im not a financial advisor and this is no financial nor trading advice.
☑️EUR_USD reached the key resistance level
Then has established a double top pattern
And we are now seeing a nice bearish reaction
Thus, I am locally bearish and I think the pair will retest the horizontal support
SHORT↘️
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A possible scenario on Bitcoin's current correction bearish trend.
NOTES TO TAKE :
- Bitcoin is currently in a bearish sentimental trend with a formation of a bearish engulfing candle stick on the 1D chart. There is still a possibility that it is a bull trap unless we have a confirmation after the close of the current candle stick. The current support line is...
When the markets start slipping it's important to be able to play both sides. Sometimes, you find setups like this one where every technical looks overbought, and theres nothing stopping it from falling. At the same time, we're in a bull market, and although all the signs point down, stocks will go up. I'm taking puts on $NOW due to MACD and RSI curling downwards,...
can see the pattern quite clearly, looks to have broken to the upside, expect some gains from this is btc is good to us . always be cautious with any trade use stop losses in a sensible place but to where u wont get wicked out before the move to upside
In early January this year, the price was able to break through the strong resistance level of 0.775. However, a small line, also formed in November, prevented it from climbing higher. The price moved between it and the level for some time, then successively broke through first the resistance level, and then the resistance line 0.772. Then it touched the support...
Since spring 2020, the index price has been in a strong uptrend. One of the main trend lines for the price is the support line, which was formed only in June. The second line - the resistance line - is younger and appeared only in October 2020.
This trend is notable for the fact that the support and resistance lines are located relatively close to each other and...
Hello, Traders!
AUD-CHF is trading below a confluence of the resistance lines
Which makes me bearish on the pair
And thus, I expect it to fall
First, to retest the small rising support
And then perhaps the lower horizontal support level
Sell!
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Over the past half year, the price has risen from position 1.078 to position 1.234. This is a very strong growth for this asset. And one could expect that soon the price will stop growing and will correct upward through the fall.
At the same time, at the price high (1.234), a Head and Shoulders pattern is formed. The pattern has formed tops + a clear initial...
Hello, Traders!
GBP-JPY is trading closer and closer to the resistance area
And even thought the pair is in the uptrend
A correction is necessary and thus I am locally bearish
And so If the pair breaks from the rising wedge
It will fall and retest the rising support line
SELL!
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