Falling wedge and hitting support. Wait for bullish confirmation.
Support & resistance is really something that works in all financial markets, it's worth studying how to determine the proper way to finding and drawing it to be able to find the best trades possible available in any given time. I use support & Resistance to find direction, (you can find it on any time frame), The way this works is you connect highs and lows, as...
we can see GBPUSD here is approaching SSR (SIgnificant support and resistance) zone and already forming HnS pattern i recommend to buy and green zone since there was big rally occured however, if you guys want to take SHORT i suggest you to wait until breakout confirmed,then retrace at Greenzone, wait for price action/chart pattern, then go Short
Short Term Bearish will hit my orange zone, long term after it reaches the bottom orange zone will reach the top orange zone. After the completion of the bearish bat, we will see major bearish momentum on the pound.
This is one of the most beautiful charts we have in Cryptolands today and for sure - it is a BEAST. Yes, you are absolutely right! We are talking about Cardano. On the chart, we have the S/R flip. Yes, price action traders are drewling all over the place! What does it mean? - S/R flip stands for Support and Resistance flip and as you can see price fell down...
Price has been in a downtrend, and just broke out of its retracement (black arrow). Pink line would be the best to SELL with minimum risk (if the price reach there). However, if it didn't and the price breaks the lowest blue line, it might not go to the pink line anymore. This could signal the start of a downward movement to the yellow zone, which is my TP...
read the chart, and give your review in comments.
The Bearish Butterfly Pattern is already completed, but the price seems to hold an uptrend (take a look at the MACD Indicator!) In case when the Butterfly does not create any effect, we can wait for the completion of the Bearish Bat Pattern. In this case, I'm inclined to do the second thing because my Strategy does not let me trade any Butterfly Pattern. By the...
Price recently rejected resistance at 1.15500. If price can push higher to reject 1.14500, we can see a possible sell down to 1.13000. SLFX Trading www.deslfx.com