Dear Traders & Followers,
There is a possibility to go short from the price of 1.2130
to the level of 1.1825.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing Forex Team
So far, the trendline is holding, 4100 seems is a wall is not that easy to break.
Along with rising wedge bearish pattern forming, expecting it drops to fib levels.
Bitcoin forming a rising wedge pattern (bearish reversal).
Indicators (cRSI, Stochastic RSI, MACD) show a bearish divergence (reversal).
I expect a drop to the support zone at 3500-3400.
If this zone does not survive, then the fall can be up to 3200 and even up to 3000 (a little doubtful).
Stop-loss can be put on a level above the main downtrend line and 38.2%...
rising wedge breakout !
It looks like EUR/JPY is aiming for more gains as it broke past the top of its rising wedge consolidation pattern visible on the 4-hour time frame. This formation is a little over a 300 pips tall, so the resulting uptrend could be of the same height.
If you look close enough RSI is dipping in overbought area, if buyers need gather more...
NVDA in my opinion is extremely overvalued, and this rising wedge is the technical nail in this stock's proverbial coffin. the two target prices are labeled on the chart; I'm more inclined to think it will reach $104 because it's a longer term support level.
trade at your own risk.
With looking at 4H LSKETH chart there looks to be a rising wedge pattern. RSI lower highs may potentially indicate a ’bearish’ momentum. LSK RSI on 1 day chart is overbought. I can see a possible downward movement if breaks down below lower line of the wedge. I consider support levels at 0.0162-0.0168 range which is 0.382 fibonacci of last upward trend. 0.00128...
Dear Traders & Followers,
There is a possibility to go short from the price of 0.8035
to the level of 0.7925.
If trend line breaks and retest the trend line then buy to the level of 0.8190.
If trend line breaks u can short from the price of 0.8190
to the level of 0.7870.
Note: Everything works with Best money management.
Note: Please leave comments for any...
Looking for a bearish escenario, NOTICE: with current tension escenario price can still rocket from this point, however my sentiment is bearish.
PLAN is:
SL 18.00
TP1 17.00
TP2 16.00
Trade safe!
We're at a minor decision point with this pair as it seems to be in an area of consolidation. I will be watching for when it comes out of this consolidation as I'm expecting a large downwards move. I'm also preparing for the possibility of an upwards price correction move.
Let's take a look at the hourly chart.
The market rebounded from the resistance at 161.8 Fibonacci.
I see two strong bearish patterns - the rising wedge and the harmonic butterfly pattern .
Also Stochastic RSI and cRSI came out of the overbought zone and began to fall.
Probably this means that the correction for bitcoin is not finished, there was only a...
Not sure if BTC breaks ATH will help ETHUSD, this is forming a bearish rising wedge on the daily chart. If it breaks down the wedge, it might go to 0.382 fib level around 290-300 price range. Just get ready.
EUR/RUB 1D Chart: Rising Wedge
The common European currency is appreciating against the Russian Ruble in a four month long ascending channel that has recently began to transform into a rising wedge.
Formation of the wedge began, when the currency exchange rate tried to slide to the bottom trend-line of the channel for the second time.
During the...
![BTCUSD: my BTC gameplan [symbol="BITSTAMP:BTCUSD"]BITSTAMP:BTCUSD[/symbo](https://s3.tradingview.com/y/yJd1VQCZ_mid.png "my BTC gameplan [symbol=\"BITSTAMP:BTCUSD\"]BITSTAMP:BTCUSD[/symbo")
