The paper has formed a good uptrend. A fixing above the support level 171 would give a positive signal for a long-term buy long.
Fundamentals are also good, Chinese companies start to recover, you can pick up with a good discount and wait for new ATH.
On targets: the nearest unloading I plan on the mark of 230 dollars (+35%).
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What we can see in this chart is a bearish market structure for CADJPY. First of all, looking at the RSI index, CADJPY is overbought, therefore it is expected a decrease of the graph. Secondly, the line is continuing bouncing at an important resistance area, between 91 and 91.5, that corresponds also to a weekly Fibonacci level of 0.5 (that often represent a...
ALGO looks very interesting. he broke the trendline and now testing it. so it is very possible that ALGO go for the yellow lines!
but be careful cuz its maybe a false breakout and continue his way down to create head and shoulders pattern
This is my though so before any trade do your own analysis
As you can see BITCOIN got 3 big volume and after each the the price pushed to the top. and also we saw a trap at the bottom for Stop/Loss hunting.
in my first scenario that i personally like it( the green one) we will see a break out to the 52..58k
in the second (the red one) bitcoin will fall to 40..37k
Bitcoin dominance also going down a...
On the daily time frame the stock broke out the down trend line with a good volume and is now waiting for a retest on the weekly chart for an uptrend. Since the stock just crossed the 200 EMA on the weekly chart there is a possibility on the upside.
Can go for long.
Entry price: 240-243$
Target price: 254-255$
Chart pattern: symmetrical triangle
RSI: neutral, oscillating near to 50 level
Conclusions: The price already broke up the upper line of the chart pattern, moreover RSI shows further bullish potential. Therefore, the long position is recommended with the entry price above the breakout.
Above information should be...
price broke clear S&R level which r respected 5
times in the past and MA 200 on 4h then retested
aslo price rested downtrend line on 4h then came
back below the S&R level with long wick
placed SL above the downtrend line ,S&R level and
MA 200 on 4h
targeting daily S&R level
#SLP It has come out of the downtrend and we will soon see a strong growth of this currency
boooooom very soon
target point's : 0.021 - 0.024 - 0.034 - 0.042 - 0.052 - 0.064 - 0.078 - 0.093 - 0.1
CADJPY OANDA:CADJPY [/symbol Has broken the neckline of heads and shoulders formed on the daily time frame. Now we wait for price to retest the neckline, with rejections and good confirmation we will enter sells with targets @ 81.000 area. NOTE:setup is invalid if it breaks through neck line
FOLLOW,COMMENT,LIKE AND BEST OF LUCK
We take a look at a simple analysisNZDCHF of price is trending in a descending channel and has reached the bottom of the channel. we would be looking for a bullish reversals with a buy to the upper line of the descending channel, but if price breaks support on the other hand we would be entering sells on retest and rejection of price to previous support levels...