After an extensive move last week this pair appears to be a making a double top formation on H4 time frame, RSI is extremely over bought 80 plus and price has already in the fib confluence zone of this move before price broke to the rectangle, red box is the whole confluence zone to take the short opportunity in the lower time zone. If you look at the left of the...
I am watching this hourly Tenkan-sen (Conversion Line in orange) if we bounce off of here properly I will be opening a short term leverage long with a take profit at the Kijun-sen (Base Line in pink). Momentum indicators and volume show me the inputs I need to see for a short term bounce. BITSTAMP:BTCUSD If we do not hold then I will use the downward break...
Looks like there is a MAJOR zone here on multiple time frames and it has just had a huge drop. meaning even if this was going shit it would need a retrace althought voxels is a great currency so I doubt its dying off. This will be the area I would buy into and hold to see where it might end up. I hope this helps. If you have any questions please comment
The next resistante level is @ 1.21500 . Those levels date back from the fall in 2015 and 2012. The Green Ascending Trendline from the wedge is a must hit retest. Afterwards, two scenarios are drawable: a) BLUE - Climb either to this week's high, or to the 1.21500 levels (wither with retest of the channel line, or straigh breakout). Note how low the RSI levels...
Usd/Jpy completed a head and shoulders and is looking to retrace downwards.
AUDNZD looks set to bounce off of key support (horizontal line and rising trend line). Lets wait for 1 hour confirmation before entering a position. 1 Hour Chart:
On daily, we are looking for a new down trend, a good confirmation is if price can re-test back levels forming an important lower high bellow the highest high at the Monthly 61,8% fibonacci. Our short term preferences are long to that level, We could take short term on 4H y 1H long positions on Dips, According to H1 up trend
Lisk is currently consolidating. We don't know which way it will go until it breaks out of the consolidation. After a breakout we will need to see a confirmation of it holding the wall it got out of to continue in that direction. What are your thoughts? I am in favor of the downside, for a completion of a harmonic pattern to buy it back up.
ETH is in a position to move upwards and lock in some profits. Happy trading & good luck!
50 pips risk target @ 0.75000 RR = 1:3.65
downside momentum price under EMA = sell retest @ 1.14700 RR = 1:3.22
price brake out flag range swing down the momentum expect to see new lower low RR 1:3.2