Two chart patterns are in play right now for FX_IDC:GBPEUR on a long term scale. First of all, GBPEUR is breaking out from triangle, with target at around 0.98. And further there is an option that GBPEUR is forming head &shoulders pattern. H&S would be confirmed, if currency pair breaks neckline around 1, then pound may drop as far as to 0.75-0.80 region.
GBPCAD showing strong bull candle off the bottom of the channel on the 2nd touch close to S/R on the Daily and showing momentum on the 4hr. Theory is that it will continue to the upside over the coming month or so.
SL: 1.6620(BREAK EVEN AFTER TP1 HIT)
TP1: 1.7210(R/R 1.4)
TP2: 1.7740(R/R 3.5)
TP3: 1.8790(R/R 7.7)
IOTABTC is forming an inverted head and shoulder for long term holders. Please note that this may change based on mother BTC coin.
Best time to enter IOTA is near right shoulder and expect a breakout near the neckline with 35% profit reaching target 7400- 7600 sats
Hi fellow tradingviewers,
I am back with another long term view. This time it is on gold. Please remember, that this is not financial advice, i am only showing you guys my view on things and there is no guarantee that this is going to play out.
If you guys like this analyses, please dont forget to leave a Like. and if you have any questions or thoughts let me...
Trading Timeframe: H4 and Daily
Current Position: Distribution
Aim: Imbalances spotted and aim to short to expect the ranging situation comes to an end to welcome EURCHF downtrend toward the mentioned area.
Entry: Right now/once market open
Stop Loss: around 1.48100
Target Profit: 1.11050
There is possibility of temporary retracement to suggested Buy Zone 76.35 to 75.90
wait for retracement, until the price tests the zone, whether approaching, touching or entering the zone.
then set buy orders based on price action, candlestick confirmation is needed
long term opportunity with this clear data is not happening all the time...
Tesla is considered to be a volatile stock and it's showing just that when it gets the chance. Even so, it does tend to range and respect certain levels; rallying impressively but falling hard as well.
The latest decline started near the area of the all-time highs around $380-$390, peak levels that were visited 4 times during the last 2 years.
This time, the...
Lets get straight to the point, bitcoin is going down in the short term however so i'm here to prepare you for the best short you've had in your lifetime !
One of the first support lines of bitcoins big bull market surge is the 100 MA line which acted as support throughout the whole bull market, once bitcoin broke down below it you can clearly see it acted as...
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5360 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The RSI support #1 at 48 is broken, so the probability of beginning of uptrend is...
According to the Elliot Wave Theory there are 3 unbreakable rules. If one of these rules is violated, then the structure is not an impulse wave.
This rules are:
1. Wave 2 cannot retrace more than 100% of Wave 1. As you can see the first rule is respected.
2. Wave 3 can never be the shortest of waves 1, 3, and 5. Although Wave 3 cannot be the shortest wave, it is...
A ton upside available on a longer-term USD/JPY play, but is the time ripe for an entry? Personally, I'd wait for a pull back to the lower 111 range or wait for continuation above 111.6 in the form of a buy stop order. Ideally, the pair would pull back to the 110.3 range (support area) and assuming the area holds, can provide a nice high probability setup to the upside.
EURUSD has been on a strong downtrend since roughly March of 2018. I believe we will still see about a 1.10% decline to the 1.1200 range in the months ahead. The next S1 Pivot Point is located in the 1.09 range. I don't think we will see it fall this far in 2019. I'm shorting EURUSD based on a long lasting trend. I've put exclamation marks next to the MACD and...
See the chart, the chart tell more then words.
Bitcoin has currently smashed the 21days ema on 3days chart, this has been acting as resistance tru the bear market and if we now can find support there now on the bigger timeframes we might take that as a confirm that the reversal is in, lets see how the chart plays out the next few weeks.
The 21days EMA on 3days...