Watching the previous high being tested. If it doesn't break the high once the RSI reaches the top it might be a fall down. Previous low was broken on the daily, 4 hour, and 1 hour time frames. Also, heard the Biden regime won't support it. The blockchain will never cease but before and if it does proceed to shoot back up to the historical high, it may be a longshot.
USDJPY has broken below a support line of a descending triangle formation.
The breakout is considered to be confirmed now and bearish continuation is expected.
Now the goals for sellers are: 103.1 / 102.7
If you don't have an active position on the pair, I recommend you consider the underlined red supply area based on a...
Hello, Traders!
GBP-USD retested the key level and got rejected
Establishing a double Top after fakeout
Which makes me locally bearish on the pair
Thus,I expect it to go DOWN
To retest the rising support line below
SELL!
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☑️NZD_USD broke out of the head and shoulders pattern
And is now having a pullback to the broken neckline
I think the fall will continue further
And thus I expect the pair to retest the lower horizontal support
That is only slightly above the broader rising channel support line
Short after pullback!↘️
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☑️USD_CHF is trading below the horizontal resistance level
But the Dollar is strengthening now across the board
So after a minor pullback I expect a breakout above
And then a move Up with two targets in sight
Before the pair reaches stronger resistance area
Which will at least hinder its upward movement
LONG↗️
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Hello, Traders!
USD-JPY broke out of the triangle pattern
After retesting the horizontal key level
And I am now bullish on the pair
I think we might see a correction after breakout
But overall I expect the pair to go UP
With 3 targets in sight
The final one being the horizontal resistance level
SELL!
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☑️The rising support of the opening megaphone pattern is unbroken
And as long as that stays true I am bullish on Bitcoin
I don't think the pump is over yet
Thus I expect BTC to at least retest the ATH
LONG ↗️
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☑️ GBP_CHF broke up the falling resistance
And is now trading above the horizontal support structure
The pair is in the local uptrend thus I expect it to go UP
Following breakout, to retest the local high
There are two targets that you can see on the chart
The final one being the local ATH
LONG! ↗️
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Prices got rejected from the trendline and recently broke a minor resistance level. We will be waiting for the H4 candle close and decide again whether or not to take a trade if we get a pullback.
Nevertheless, potential H4 buy limit order if we get a strong H4 candle close.
Hello,Traders!
EUR-GBP is falling sharply these days
And I am overall bearish on the pair
But the strong support is nearby
So I think the pair will go down a little
Then hit the support and go UP
The final target of the long is the minor structure above
BUY!
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Hello, Traders!
EUR-USD is trading in a decision area
After falling out of the smaller rising channel
And failing to go up from there
The pair does not look very bullish at the moment
So I am 55% bearish biased vs 45% bullish biased
IF we see a breakout on EUR-USD below support
That will be a confirmation of the...
☑️ EUR_JPY is trading in a rising channel
THe price is now near the support of the channel
Thus, given that the pair is in the uptrend overall
I am bullish and expect EUR_JPY to go UP
With two targets on the way that you can see on the chart!
LONG! ↗️
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The previous resistance turned support and it got tested a few times.
Personally, I believe the AUD/USD is gonna keep following the bullish trend reaching the 0.78 zone.
If you have a different view, please share, I would love to hear your analysis.
Hello,Traders!
EUR-CAD fell from resistance, just as I predicted
In my previous analysis.
The pair looks quite weak
And based on the recent price action
I am expecting bearish continuation
Sell!
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EUR_USD is trading in a 5 year range
And is now trading in a rising wedge
That is etching closer to the key resistance level
I think that we will see a strong bearish reaction
Once the level is hit
But mind you, that weekly levels are wide AREAS
Not thin straight lines
Overall short!
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