Gold continued its downtrend falling $15 in the week which again was a $20-$22 ranged one. The fresh decline raises the bar for further downside as technical support of a pattern gave way which was also retested it the week itself allowing it to become an immediate resistance for the price going ahead. Fundamental news keep coming out and last week saw the...
LTCUSD is most likely in the moving down pressure
I would say that if it up just sell it
it looks kind of not that easy to break out down but If it UP .... just sell it
and take profit
so easy as that
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Got a decent short in on this pair last week but i am still leaving my stoploss where it is incase of any pullbacks that may occur. Overall my bias is bearish for the pair.
Been about 10 days since last chart post where I had exited fully back to cash after eventually getting stopped out of the remainder of my LTC position in the mid 80's. Since then I continue to remain all cash as there just has not been much low risk setups I've been interested in. BTC continues to remain under its high but has been strong overall in not sinking...
Clear breakout of the triangle pattern presented to us by the market. before going too heavy on shorts, I am still expecting some pullbacks to occur. Another thing I am watching out for that could lead to potential USD weakness is the fact that the GDP data which is being released on friday might be dovish and cause a slowdown for the dollar.
Nothing much is...
Clear break of support (1.12479) followed by a good retest.Expecting market to now head down to my region of support (1.11965) where we could either see the Euro regain some strength and push the pair back up before the major short or we can see the bears take control of the market and break the supportive region which will allow for a long term short to occur.
After the shorts taking last week, I am looking looking for more entries with good risk to reward ratios that can then allow us to maximize on this pair.
Scenario 1:
Bulls gain a bit of steam and allow for a pullback all the way to the resistance marked in yellow/orange (126.153 region). Once we reach this level, I will have a sell stop placed below the bearish...
Bitcoin (BTC) on the verge of witnessing a golden cross pattern. Immediate term, slight resistance abound, may break on the upside target on 7900 level this is golden Opportunity about buy position is 5700 level breakout and stable this level . Another buy Area 4400 level target 7900 area.
Bitcoin, the poster boy of cryptocurrencies, is on the verge of witnessing...
since the beginning of April Ucad has been stuck in a 104 pip range and has created confusion with my analysis. however, I believe we are looking at a stretched out flat correction starting 7th march to now so we can get our final leg up before we get the expected drop. the pattern that was developing during the month of April I identified to be a WXYXZ and will...
Currently, Bitcoin Cash has made pretty nice recoveries but soon it reaches into the resistance. The resistance free area starts to become over and it is time to take some profits.
Those who are in mid-term position on BCH then they should consider taking some profit around $400.
Those who want to take risky short-term trades, right now, on BCH consider that the...
I would like to give to you a little overview of the current situation on the BTC chart. There unfolding a pretty good selling setup but we can't forget also a breakout to the bullish side and this area is also readable so, let's start.
Firstly, as you see, there is an ascending channel inside on the ascending channel. The smaller, which has black trendlines and...
Even if the GBPUSD moves since early March in the short descending triangle, the pair's present downside is restricted by immediate slanting upward trend lines of 1.3075. If the quota is below 1,3070, 1 3030 and 1,3000, sellers may attract the attention of 1,2990 in advance. If at all bears manage to conquer 1.2990 rest-point, 1.2960 and 1.2900 are likely to...
Guys ! we all know about Renko Charts, you can use this strategy which is really basic, simple but very very effective. For making good profit it's not that you need loaded Indicators and systems, sometimes a very basic system turns to be effective. Here i am discussing a system which always works. Clear entry and exit rules, you can use this system for scalping...
Good afternoon traders,
Here we have a possible short position on gold , before entering we reccomend you to wait for a strong closure below 1311.00 with an impulsive candle, you can also look for entrys in a smaller timeframe such as 2H or even 1H.
We also reccomend you to pay attention to the monthly key level as the trade can reverse!
We will be updating as...
Looking back at the weekly chart of BNC ( BTC ) in the week of July 6 2015. We can see after creating the 1st higher high that the candle got rejected of the 50weeklyMA and where the RSI was overbought at the sametime. We are currently in the same situation. If history is set to repeat we are looking at a 35% retracement which in todays comparison is around $3430
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