The EURGBP is currently in a state of sideways movement which is called consolidation. Consolidation leads to expansion, so as i analyze this price chart they question that I want to ask myself is
IF Price action breakouts out to the ___ side
THEN where is it likely to continue to.
Doing so will allow me to see if there is enough potential profit (with limited ...
Currently watching this potential trade. Spike base support was used already today, and we have a failed break higher. Watching Price action for potential trade back down to the base of the pole. Conservative target would be around the 0.78500 level.
Hourly chart formed a flag which had a false break out and stayed in a flag. There is fairly strong resistance/support lines forming a channel inside the flag. I would be willing to risk a trade on a strong break either side of the channel or pennant depending on how the chart develops. I see these to be short term trades with very tight stops due to the current ...
Monitoring LTC/USD WINNER…?
Not yet, but so far so good!
This trade is turning out very nicely. As long as BTC continues to stay somewhat stable we should continue to see an increase in LTC. I would NOT say this is a good time for entry as the risk has increased. If we come back to test the .382 ($57), that may provide good entry point with a ...
EURUSD had a failed bullish flag break. Will wait to see price action when swing low of that big run up is tested. Ultimately I'll be looking for a re-test of the original bullish flag trendline and bearish reversal patterns on the lower timeframes ( 1 min and 5 min ) to then take a short down to the 161% extension of the Measured move from the bearish trendline. ...
As shown in chart BTC made a pennate pattern today, the pattern says that if the price breaks the upper side it will reach 6800$.
on other hands it didn't complete the pattern it will hit the downside one more time also the indicators MACD and RSI say this is more going down
So fear of the future for the holders and hope for new buyers ......
Thanks ...
WAITING FOR BEAISH SIGNS SUCHS AS CRR4DS AND BEARISH DYNAMIC FLAGS.
4HR AND 1HR FLAGS 1HR ALREADY TOUCHED BEARISH CRR4D NOW THEES DAILY CGR4D AND 4HRCGR4D ALONG WITH 4HR 'BULLISH' DYNAMIC FLAG WITHING CONFIRMED TREND. BULLISH TILL WE GET CONFIRMATION VIA SIGNALS AND PULLBACK WITH SAME SETUPS
Last week the GbpUsd was virtually absent any strength and as a result we continue to look for further declines and a continuation of the current near term downtrend. A Bear Flag set up with price re-testing broken support at 1.31550 as resistance will provide a great place to look for shorting opportunities next week down towards the target highlighted at 1.29426.
