Something very interesting is forming on the BTCUSD chart. However, it is all a matter of perspective. So lets take a few looks into what we might be seeing in front of us.
BTCUSD appears to be in a falling wedge pattern at the moment, seen by the white lines. Traditionally, this indicates a bullish reversal for price action with a price target marked out by...
Idea for Nokia:
- LLR Elliot Wave determined for a speculated bullish rally.
- Double Bottom/Wyckoff Spring setup.
- ADX and trend showing strength, almost enough to confirm non-noise relevance:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based...
Jerome Powell has suggested inflation is "likely to rise as the economy recovers". The question is, will BTC be seen as a inflationary hedge spurring up demand in the near term? Or, will we meet the red resistance line and face rejection? Lets see, but overall, economic circumstances as well as tastes and preferences have shifted and we are relatively early in...
Amazon looks to me to have pushed out of the wedge with a big push this week. lots of momentum, looks to be testing the support and will bounce come earnings. my prediction is a new All time high end of February.
Good day fellow traders!
If your way of Technical Analysis is strong...
Then the path will show its way...
(*Asian sound effects*)
Well, this is how the cookie crumbles, nothing goes up forever...
Obviously bearish. Apparently lots of strong bears at this region. Symmetrical Triangle broke down.
Bullish trend. However, short-term patterns...
Looking at selling USDCHF , using the ATR for the average of the last 14 candles (14 days)
Looks like I already passed TP #1 on my MT4, you can join the trend here and look for hitting tp #2 (2x the ATR) and apply some trailing stop logic here.
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Hello Forex Lions,
Today we are looking at EURGBP, it has been following a nice downtrend, which shows there is a lot of bearish momentum, also its very steadily moving just below the 20-50 moving averages.
I believe the downtrend will continue, unless something drastic comes out regarding...
If you haven’t already check recent USDCAD analysis - pips
following price - closure then continuation - sells zones at recent levels above
awareness is brought to the recent daily closures
anticipate - react - execute
From the perspective of Elliott Wave we are now in final Wave 5 of the Primary Wave 3.
The Primary Wave 3 could finish it's rally at the 1.66213 according to the Fibonacci extension at 1.618 region. This price resistance is also the resistance formed at 12 August 2019, so we have 2 confluent reasons so far to believe that the market will shift into...
Greetings fellow traders,
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
Dashed lines; Possible forming patterns
Solid lines; Confirmed patterns / Support or Resistance
Dotted lines; Possible price-action trajectories / wave trend
Lighten colors = Support | Darken colors =...
The price is hitting the 5th time the resistance trendline.
Look for a breakout if happens, if not enter a short position.
Consider the wicks as bull traps, and always when you draw a trend line
take it from the candle bodies to be safe.