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We are currently in a no trade zone in GBPUSD.
Depending on which Diamond Pocket is approached first, a setup results:
Variant A: We test the resistance above and are rejected there for the time being, target area would be the current 4h SR.
Variant B: We lose the 4h S/R here and find support at the lower Daily S/R levels.... Target would be a renewed test of...
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Taking this long on XAUUSD as a possible swing trade
Momentum is bullish with price action making higher lows and higher highs, while price is also above the 20 day EMA
ATR is starting to go up slowly so I would expect some movement to come later today, the only thing that worries me for longs is the fact that we have had some big red candles recently.
ETH must move above 1.272 to continue its trend
Hit and hit the roof of the canal and make a pullback on it
The previous ceiling is a good option for entry and if from
Breaking the midline can be a correction to the bottom of the channel
And then it continues to climb again
ETH is braking out!!!
on the 2 hour time chart we see a inverted head and shoulder patern forming,
the down was 11%, so according to the head and shoulder patern, after the right shoulder, we go 11% back up again.
This looks like to be enought to brake the level 1,0 fib.
If he breaks, the next goal is 2100. I think that is realistic.
In my opinion this is a good...
$MTRX looking like steal as a cup and handle has possibly formed and now looking to take off. This is a higher risk trade than other so please beware. Targets are as shown on charts and blue lines are out "major" resistances. I rather like the idea of the company and what is can provide but only time will tell.
Loop Insights - Like the internet...
More Than an Inflation Hedge
"In May, billionaire hedge fund manager Paul Tudor Jones of Tudor Investment Corp. announced in a letter to investors that his fund is buying bitcoin futures as a hedge against “The Great Monetary Inflation.” In his letter, he argued that the $3.9 trillion (6.6 percent of global GDP) printed by central banks since February has the...
The last 3 days have spooked some investors who think this is the top and now we're in for much lower prices. That may be true, however from my viewpoint, the trend has not changed. We are still trading well above the cloud on the daily. We are flirting with a bearish cross over on the 4H 50/200 and already crossed on the 4H 50/100. However, If you step back and...
1. Downtrend line was broken by breakaway Gap (G1).
Start a new trend.
2. double bottom reversal pattern in Weekly demand zone
3. Fib# 0.382 retracement,
4. demand zone.
Entry in demand Zone: below 92
Target1: 97; risk/reward=1:3
Target2: 103; risk/reward=1:5
DZ2: This is a better demand entry, and match Fib# 0.618;
If it is a...
XAUUSD has been trading in a complex correction since hitting the 4th of September high. We can now count a complete Elliott Wave X-Y-Z pattern. The 1445 - 1455 area has provided good support / resistance in the past and the 38.2% retracement of wave 3 comes in at 1447.
We have bullish divergence on Stochastic indicating momentum could be shifting to the upside...
ETH is currently pulling back into support which coincides with the 50 MA. The 50 MA has been acting brilliantly as support.
As further confluence we have a 61.8% fib retracement within this zone and good support. This is looking like a great entry for trend continuation.
As everyone knows the crypto markets are a bit different about the normal market and when fundamentals of bitcoin brings money into BTC,1st step that the altcoins are doing is to lower their value acording to btc,we expect that in next 2-3 weeks the income of capital that came into bitcoin to be moved in alt coins,we should take in consideration that OpenANX is...
This is just a small post if you want to know when to start looking for possible entries.
Of course, because of the lag of data, there is not much we can do here.
Therefore, this would be a high-risk trade.
However, I think we could see some sort of reaction of the green area.
Please note below important points and levels
Used Fibnocci to check levels for 61.8
Important support zones : 8200 & 7737 if broken we are down
to feb and april bottom
Important resistance level 9730 if we cross this, we can
take a deep breath and sense start of bullish trend.
Above 7737 we are in safe zone... but danger zone.
If you liked by analysis, dont...