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Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
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Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
NZDUSD 5 waves & AB=CD completed
and has broke the neckline, short the pullback
0.6579-0.6583 good area to short
SL : 0.6604
TP 1 : 0.6500
TP 2 : 0.6435
Short Double Top then Pullback on XRP
My last USD/JPY prediction was proved wrong.
However this time we've spotted a bullish break of a Head&Shoulders pattern on the hourly timeframe.
Price is now testing the neckline.
Bullish momentum might last until price hits the resistance level as indicated in the chart.
I wish you a happy trading day.
I've still been trading the long term chart on traditional markets while the crypto-currencies are doing a whole lot of nothing!
On the GBPJPY, we can see a inverted head and shoulders pattern forming on the DAILY chart.
Not that I follow the fundamental news, but any BREXIT news could act as the catalyst that triggers the pattern with a breakout. I ...
Right now, Ethereum is struggling to hold support around the $217 area.
If the Neckline snaps with big volume, my target would be somewhere around $185. This is a little less than a measured move from the head to the Neckline.
While the RSI on the 4 hour chart doesn't have that much room to go, I surely does on the Daily chart.
I wouldn't necessarily anticipate ...
Another chance to buy AUDUSD.
Head and shoulder pattern was formed and now we can buy in the pullback to neckline.
1. at this time, Neckline is the support level
2. pullback to neckline in head & shoulder pattern
3. 50% retracement of last bullish move
4. round number 0.72
Buy = 0.721
SL = 0.719
TP1 = 0.726
TP2 = around 0.734
ZCash is one of my long holds so regardless of whether or not this inv h&s pattern breaks I will be holding. I'm pretty confident it will at least be testing the neckline soon and likely breaking upward. If it does break upward I have the price target posted here in green.
Looking at the above chart snapshot, a bigger picture is showing that the price has been confined in a channel for a very long time!. KIWI now targets the 0.66300 area of interest of the upper channel. The main chart shows there is an inverse head and shoulders formed on the 4 hours charts. If this pattern break and the ...
This could get ugly.
Neutral until it breaks the 200EMA (neck-line)
Looking at the Monthly charts, it was already evident that the long term trendline at around the 1.23000 level was rejected for the 4th time and in the process to conform the break to the further downside, this pair formed a H & S PATTERN evident on the weekly charts. However you might be asking why is the pair not trending down as its suppose to and instead ...
If we zoom out and take a look at the longer term time frames, most of the Euro pairs are setting up with potential head and shoulders pattern.
One example is the EURGBP. The peak of the right shoulder may have just formed so will be keeping an eye out for the break of the neckline.
Please give this trade idea a THUMBS UP and I will keep you updated! ...
We can spot, that the Double Top pattern has confirmed. The second TOP candle is bearish pin-bar, which is signalizing the reversal on the market. It pushed the USD/CHF lower. We could see the market consolidation, which lasted more then 4 months (0.98-1.006).
The neckline was set at the value 0.98, which had to be broken to make the formation valid. A few days ...
After complete double bottom, Price pullback complete 2618 trade setup on support level and neckline area.
target on chart
Bearish Crab on resisten level.
arrow will be confirmation for this setup. targeting neckline which is default target for this pattern.
Price broke the neckline, it will probably pullback where we can look to sell with an optimal SL above the two lines crossing.
Retest on neckline > Long
"We're going higher, higher and higher" - ABSA Theme Song :)
Details on the chart y'all
Bitcoin Updates Bitfinex
Bitcoin finally broke higher at the highly inconvenient time of 01:55 Bst 20:55Est.
For those lucky enough to be around for it this triggered a long from " the break above 6500 for a scalp to 6616.
If volume stays low look to close down a little below here .
The 6616 line is the neck-line of the still smouldering IHS.
Any break above here ...