In this special analysis, I show two pars:
1. Euro/Sterling Pound
2. Sterling Pound/ U.S. Dollar
So, in general, in both pars we see a good opportunity of both of 200 pips o earning. The difference is that one of the long position and the other hand is for short position.
1. In Daily or H4 timeframe we see that Euro is into the demand...
-MACD heading for bull territory and ticked up
-RSI got into bullish territory also
-10DWMA about to cross 20WMA
- 50WMA seems to be holding as support
-some heavy buys detected and has some events coming-up for the end of the month
-we can also see higher lows forming and a higher high
-if it closes below the trendline we probably going to get a lower...
Price entered Seller Zone
Price may retest recent R level several times or violate it and create False breakout
*money management is required
*pay attention to Candlestick Pattern
*wait for proper confirmation
*High Volatility = proceed with high caution
*use Trailing Stop to avoid sudden spike
I know there is a lot going on in this chart... but it can be broken down into these simple components. PLEASE READ SUMMARY SECTION:
Bullish (Green Box):
1. Pattern break: For the past month, it looks like we have been accumulating in a pattern similar to a symmetric triangle. With the recent pump, we broke out of this triangle to the topside and the dump...
All projects take time and require patience, but with limited visible progress in recent years for XRP both the short and medium term outlook is bearish. Long term prospects for XRP depend entirely if you are a believer or not, so if you are a believer the long term future is naturally extremely bullish.
However, since XRP has made only lower highs for two years...
The self-fulfilling prophecy of a post-halving dump combined with a three year old pennant structure is keeping us in an increasingly small range, meaning we should be relatively neutral on BTC, in the medium term only.
Short term a grind back to $6k pennant+200MA support is highly probable.
Medium term a move back up to $8.2k resistance.
Long term the journey...
- Would need to close above the 21 EMA
- Close above volume support
- Close above major 0.236 retracement level (thick dotted red line)
- Closing below 21 EMA
- Closing below volume support
- Strong rejections off the 0.236 levels
Target zones can act as pivot points and buy zones are contingent on momentum and...
Stng has some incredible volatility over the last days as well as record high volumes. Kinda an unpredictable stock for the short-term. Oil is rising again and tanker rates are falling. Imo Q1&Q2 are already priced in. Today's results will help us understand where this one is going...
Oil is rising and OPEC cuts down production... don't see this baby going up in the next months... for me there is a probability that they will inflate earnings because if not now when? However next week could be devastating would not risk to take a position at this point!
The market is at the cusp of very volatile activity. Movement can happen in either direction. This idea is drawn up on the daily and 2D time-frame and is a plan for the next couple of weeks and should be used in conjunction with my bearish scenario as both are valid. Not much to say right now but will be updating the post if bullish movement is confirmed. For now,...
The market is at the cusp of very volatile activity. Movement can happen in either direction. This idea is drawn up on the daily time-frame and is a plan for the next couple of weeks. Not much to say right now but will be updating the post if bearish movement is confirmed. For now, I am preparing for movement in either direction, waiting for trend confirmation.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
It looks like the corrective wave (2) of the bullish minor degree has ended at 0.7434 with an open complex w,x,y minute pattern. The recent upside looks impulsive (awe could expect a more complex pattern with a flat likely to appear) and fresh highs could be expected once a valid breakout of minor 1 top is seen.
In the short-term, we could receive a deeper...
Previous top from early January(double topped back then) was nearly reached this week, but rejected. Fib/support levels show a short term low upcoming at .786 of the fib levels on the right of this chart, if that is hit it looks like further downward progress to the 0.382 level of the longer term run up that began in May.
Weekly Chart(not shown here) has candles...
Confluences for Trade:
- Strong Bullish Engulfing Candle
- Break of Trendline in H4 (Established since Sept 2018)
- Hovering around 50% Fibo levels of previous uptrend move
- Narrowing gap between 8EMA and 50EMA
- SL Levels is placed below the M/T Trendline (since May 2018) and 61% Fibo levels of previous uptrend...