Hello everyone, if you like the idea, do not forget to support with a like and follow. GBPJPY is overall bearish trading inside the blue channel, so we will be looking for trend-following sell setups. on H1: GBPJPY is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it to consider it...
BTCUSD This pattern confirms as a valid one if the price closes above the resistance line.
Hi Traders, Looking at the HTF, we can see that we are correctively moving within a reversal structure and in my opinion I believe we can see a retest of the upper boundary before we get a reversal down. Keep this pair on your watch list. Share a comment below and let me know your view on this pair. Click the like button if you agree with this idea! Trade Safe!
Hi traders: AUDCAD has managed to reversal impulse out of the descending channel from the bottom, good signs of further upside. From my previous outlook, price did managed to continue higher and is now out of the descending structure. Such a strong impulse move to the upside, naturally price will need to correct in order for another continuation up move. If...
Salaam It's the correction over and bottom is in? After browsing the ascending channel and retrace 61 Fibonacci and also double bottom pattern, could send VET up to 0.071 But there is king way and many resistance to break. The main one is fully channel resistance about 0.05 Bragging the daily channel (purple one), could signal the bull run of VET We'll see Good luck
hello Weekly, two identical channels attached to each other, give me some important notes: 1- The closing of the upper peaks of Bitcoin did not go beyond the mid-line of the upper channel, explicitly and consistently. 2- The price fell sharply after the top, reaching the middle of the first channel, and then it fluctuates for several weeks (accumulation...
Hi Traders, Price action shows bullish movements as we're approaching the top boundary of a 'Flag' type of structure which indicates the momentum to continue if price breakouts of this structure. Look for buy opportunities after the breakout followed by a LTF correction. (CAB Entry) Ensure your entry meets your criteria of your trading plan. Share your view...
Greetings Investors! Today we consider the trading pair SAND/USDT Alright, Lets begin! Sand has seen impressive price growth since it's listing back in August last year, forming an Ascending Channel that price has continued to respect each time it has been tested. Question is, will it respect it this time? Taking a Look at our RSI, a bottom formation started...
1. Wave II as Zig-zag Correction 2. Wave IV as Flat Correction (Running)
EURGBP faces multiple upside resistance. The descending long term channel is still holding strong and any impulse up-move would likely be met with stern resistance. Fundamentally the EURO is under enormous pressure as well. Looking at the main weekly chart, we could clearly see that the major support break has already taken place that was held on multiple...
1. Nifty is trading in descending channel, it had almost touched the upper trendline but short covering happened when it went near that trajectory, same level represents resistance zone at 16800. 2. I often use Bollinger Band to asses the pick and the bottom of Nifty on daily time frame, where I observed constant rejection from mid-line of Bollinger band, somehow...
In today's analysis I bring two basic notes in the (4h) BTC chart; - (NOTE1) : Reverse Shoulder-Head-Shoulder The price of Bitcoin retests the triangle figure from the outside at the bottom, it has a small bounce down generating a higher low and re-enters the triangle figure to look for the top of it around (42K). - (NOTE2) : Lowest Low The price exceeds the...
Price is at a critical resistance level! The 0.68600 level needs to be cleared for the price to target the next high which happens to be the psychological resistance of 70 Cents. Looking at the main daily chart, the descending channel although violated, has not really been broken. The resistance at 0.68600 is preventing this from being a reality. Once the daily...
Chart with extended weekly Bitcoin outlook: We are exploring in this analysis with weekly candles on the price of BTC the possible structures exposed in the BLX with exponential inputs two publications back. - (MID, explanation) In this case we look at the same shape with some more zoom and in a common chart based on linear function inputs. We primarily look...
Based on the chart, the price is close to channel resistance and the support area ✔️ if the price breaks the support area here to the downside we will see more correction at least to our next support located in the middle of the channel ❌🧨 Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
Hey traders, GBPUSD is consolidating within a horizontal trading range. It looks like the market participants are waiting for something. To catch a bullish move I will be waiting for a bullish breakout of a range's resistance. I need an hourly candle close above 1.3135 - 1.3155 to confirm the breakout. Then the price will most likely reach 1.321 level. To...
Recently the price reached last zone of support (blue), 1.618 fib extension, and node of high volume. After 200 days of downtrend, this could be a potential reversal zone. It won't be easy though, there's a lot of resistance ahead. 🟢 If price action turns bullish I expect the ~1.60 area to be a local top, then another break above this level would confirm a...