Although GJ is in downtrend we are in a major support area.
At the moment i'll wait to buy a dip as describe on the chart.
First target will be the upper channel and second target will be 142 area .
If price will go the 142 area it should be easy trailing position there.
The best scenario for me is entering using 1H time frame with clear reversal pattern.
Best...
As you can see GOLD is in up channel and formed h&s pattern on a strong support .
For my opinion it is a good place to buy with low risk and very high reward .
So, watch lower time frame for reversals.
Best of luck :-)
As IOTA reached its highest historical price there is high probability to see price reversal.
SMMA 8 crossed SMMA 24 and want cross SMMA 48.
I see two options:
1) If price will break strong support level and then break uptrend line it can fall down into 0.5 - 0.618 fib zone or even lower where it'll reach next strong support zone near 0.786
2) Another case can be...
we can see this pair in an uptrend .
Also we have got a h&s pattern and i would love to see intraday price refuse to continue this pattern down "like in the books" .
That produce a high risk reward ratio buy position.
Furthermoe, price is currently responding for a strong support area.
After having 93 days of downtrend, Ripple is gearing up for a strong reversal! All the oscillators on the daily interval are currently at the oversold area and the daily price is about to cross into a new level. Add to this the fact that the daily volume has been above SMA20 for the past week. This could potentially be the bottom for XRP.
Greetings, Everyone!
Major red bearish Wolfe wave was formed by the FX:AUDNZD pair.
It is being supported by RSI divergence as well as the formation of minor orange pattern inside its internal structure.
The closer look at orange WW reveals that it is also being backed by RSI divergence.
Significant volume rise at point 5 confirms the importance of this area...
Following on from the potential short opportunity I saw yesterday (currently still playing out), if you trade this pair and also trade advanced patterns then there could be a potential entry into a bullish trade right as the bearish move from earlier might start running out of steam.
Not a pair that I currently trade, but this could be a nice example of trading...
There is possibility to go SHORT from the price of 0.7954 to the level of 0.7880,0.7825
TP should be considered 38.2%,50%,because of Reversal ....
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
