Hey Boys and Girls, EURCAD is setting up nicely here.
Weekly: We have a nice upward trend happening, that's bouncing off previous structure resistance turned support
Daily: We are bouncing off the monthly support, we also have a pretty wide gap on the EMA's, which indicates a clear push to the upside is inevitable.
EUR and JPY are pretty strong this week but there is a chance we can see this W formation retest happen.
The pair just broke the trend and might go for a retouch of the previous resistance before the continuation for upside.
I inserted Fib from highest high to lowest low as you can see on chart. You can see price has REACTED off 618 which considering to be powerful number. Price action has reacted off 61.8 17 times in over 8 years period until it has broken through 61.8 which is support and drifted lower and lower. Now, current price action has almost reached 618 which las saw 61.8...
Yet another Bitcoin update! $BTC
Monthly chart shows a strong parallel between the initial parabolic rise of early 2016 and 2019.
1- In June 2016, Monthly RSI topped out at the same level we seem to be topping out on now, around 60.75!
2- Both had roughly a strong parabolic rise of 300% increase or so in price from the real definitive breakout points, with a...
Bunch of previous structure dead on .618 retracement
Not looking for huge reversal just a pullback into targets at the .382 which is also into prev structure
Stops a little above 1.175 even handle
Targets into 1.16450's
This is a follow up on the EURUSD 4H Flapjack Trade
Pair broke long at 1st up green arrow.
Price continued to 1st Take Profit at 161.8% fib and previous swing high
Price may continue to 2nd take profit at 261.8% fib
IF Macd doesn't fall below 80 level line
Possible Trend Reversal with recent Double Top
Short on bounce off of Previous S/R
This feels like it could go either way, definitely need some confirmation before entry.
But when it goes, I predict it will take off for a nice little run.
Flag suggests more upside, but we have two tests and pretty reliable resistance,
so possible third test and failure could...