the last days the price has been in range ,indecision , maybe if we observed a few days ago the price broke the upward trend in which it was, therefore there is a greater probability that the price goes down
In the last days the price has remained in a range, therefore it is very difficult to be able to predict an entry, Personally I think that the price will fall, since it ends up breaking a bullish trend. And the bear channel has been respected (blue line) Black lines are supports and resistance drawn on the basis of only the price.
I draw a vertical line because in renko you can clearly see a price divergence
just having fun :) , but look that divergence Mmmmm
Normal candles but Renko Analysis , now u can see the progress better.
In the last days the price has remained in a range, therefore it is very difficult to be able to predict an entry, Personally I think that the price will continue to rise, since it is in a trend up for a long time. And lately there was a cut in the small downtrend. Black lines are supports and resistance drawn on the basis of only the price (Renko)
The price may only be testing the area for later upload
Why short ? 1) The price is at the maximum from "brexit", I know you're smart to know what it means. 2) GBPUSD going down 3) Finsh last up wave . You should not leave aside the economic calendar, to be efficient :)
Price broke down trend , the horizontal line is an important resistance , A bullish trend could form
Look Week and Dayli , candle , its a good reversal signal in resistence zone .
1) 4 years down trend end. 2) Probably the wave is running out. 3) Probably the price is approaching a point of reverse.( look fibo 0.38) good resistence zone too. New up trend ? we dont know xD , possible 0.81 December U.u ithink :)
Why short ? 1) Up tren finish 2) Down trend strat lol xD 3) I think price gonna test last time fibo 0.23 and later go down 4) If you like extreme u coulg go last pips of this wave log ( better wait 0.23 fibo area )
1) Down trend 2) divergence 3) IV wave complete fibo .23 You should not leave aside the weekly economic calendar, to be efficient
Why "long " ? 1) In the last two years the price has been in a range, but all change in last months , the price has increased strongly broke the resistance . 2) Last week we can see a new HH and (LH?), if we see the green line we can assimilate the price is in posisible up trend . You should not leave aside the weekly economic calendar, to be efficient :)
Recently, I have been trading auto manufactures, steel and home building materials. We've looked at GM and LPX. They received a boost from the September hurricanes. Here's another one, Ford. We see a rally and higher high on heavier volume yesterday. RSI is showing good strength. Looking at its Renko chart, there appears to be price resistance at 12.64. News...
Aside from the expected strong Q4 earnings, due to the hurricaines, we should see LPX fall 9% to 25.11. This current rally isn't doing well, showing a small 3-day consolidation, ATR oscillator confirms a weakening in range after a strong move (range strengthened) down. RSI found support at around 51, this is rather bullish, however price action gives too many...