This one is pretty black and white or green and purple in this case lol Show me the chart I'll tell you the news.... Lately I been trying to master 2 indicators S/R Zones and Tend-lines lets make this money $$$
Corridor breakout past a 5-month correction.
Price has been down-trending since May, including during the August's Nasdaq rally. Disappointing earnings created a short momentum.
Lack of resistance confirmation means that we are chasing the price. However, my Stop/Loss is very tight and we are protected in case of an unexpected bounce. This is also due to the...
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GBPCHF looking to return to supply area after a fast drop.
Downtrend line broken and has not yet been retested yet. Supply zone has not been met yet either.
RSI in buy zone.
Entry @ current price area of 1.1718
TP @ 1.1890 - 1.1950
Good luck trading!
Trading made Simple
Bitcoin shows a very choppy, non-trending market situation right now. It could go both ways:
Bullish Scenario: Current market could be a wave 4 Elliott Wave correction and it will PUMP soon.
Bearish Scenario: A Tenkansen / Kijunsen crossover is observed which is a strong bearish signal according to the Ichimoku technical analysis and the price will drop...
The precious metal fell more than 3% in a single day yesterday after the safe haven dollar attracted investors over fear of rising corona virus cases globally.
XAU/USD is stuck in a trading rage, and therefore in breakout mode.
This is manifested by the formation of a triangle on the daily chart.
Breakout can be in either direction, so watch out for the upper...
We have broken to inner trend line on NZDUSD. Look for a retrace north to 0.8918 area to sell down to TP1 and TP2.
Take profit at outer trend line around 0.8868 for 100 pips. Wait for break of outer trend line before reentering to target TP2.
Good luck! Let me know if you have any questions.
Trading made Simple
At the moment, the EUR/USD is ranging in the $1.18 area. The bears weren't able to get enough selling pressure on the market to push below the 23.6% retracement. We cannot ignore this lack of strength, and we adjusted our primary expectation. Until we dip below the 23.6% retracement at $1.17094, we have to expect further bullish action. Target zone...
Looking at the number of factors BINANCE:NEOUSDT is preparing for the trend reversal and potential downward move. There is a number of reasons for this.
1) Price/Volume and Price/RSI divergence.
2) This divergence occurring next to the important resistance zone of $22.90
3) In the lower timeframe (2H) there is a "Sell Zone" between $22.5 - $22.9
My last analysis on BCH was pretty decent, let's see if I can throw out another.
On this daily chart we can see the major support line in yellow at around $201.
We can also see that BCH is currently trading around the 0.236 fib level and previously this is a good time to buy in.
BCH is trading above the EMA 10 (in blue) currently but needs to push above the MA...