Though we are still in the weekly downtrend channel, the price could move in euro's favor now that it tries to bounce off from a rather strong support area. The chart clearly outlines our resistance lines due to lessening volatility in the market and feels somewhat predictable. Trading will most likely be influenced by MA lines (50/100) and harmonic patterns on...
We can go long as soon as the price touches the lower trendline in an aggressive approch,
or in a more conservative way we can wait till the price pierces the upper trendline and confirms start of wave 5
Hello friends and lovers of BITCOIN, Today I bring to you a new analysis and update of my last analysis,
I am very excited, and here is my reasons.
For over 2years of struggling to read a chart, After my first chart on XRP/BTC was a disaster. I promised myself never to give up(my first chart still bare the story). after two years I finally made my first real...
Considering the upcoming week (from tomorrow, 11 May, 2020), a lot of announcements are expected regarding ending of lockdown, stimulus package, opening up of several businesses in cities; we can hope to see a lot of volatility in the market, yet we can expect a positive movement in a stock like this, swing traders are often seen trading in this script. NSE:HDFCBANK
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Overall downtrend.
Failure to make a higher high after a test of resistance.
There's respect for the golden FIB number .618 on C-Retracement
Wait for a break of the trendline.
Entry: 68.130
TP: 64.496
S/L: 69.133
We managed to grab some really big pips with this pair last Friday and hopefully price will continue to go where we think it will go. Right now we are waiting for price to clear Bullish Rectangle to re-enter our long positions until that the best thing to do is wait as this pair have very big volatility.
This morning we managed to cash in nice pips from our BTC trade let's do some more :)
Now we can see nice consolidation example on 4H chart BTC/USD. Consolidation might continue more or the price could break out of box and look for more Bullish movement. We are entering Long right outside the Rectangles Resistance.
What do you think ? Let us know in comment...
