EOSUSD (EOS TOKEN) 12 HOUR BARS, 040518, 6:43 pm, EST.
Michael Mansfield, CryptoPlayhouse
Pending breakout buy ABOVE the recent Wave(I) high of 7.28,
or a bit lower for the more aggressive.
1. Selloff since January, while deep, still looks corrective, with wave highs overlapping wave lows,
which by definition is corrective in nature, but there are no...
Reason that may Push AUDNZD upwards
Reason 1: D leg of Bullish Shark pattern
Reason 2: W1 Minor Support Zone
Reason 3: W1 Major Support Trendline
P.S: Wait for clean Buy signal confirmation
on D1 & H4 chart to long this pair. If Pair
continues to go down without forming bullish
confirmation signal. Don't place any orders
AUDNZD is getting rejected from W1 Support Zone by D1 bullish "Engulfing" candle. Once D1 candle closes as a Bullish "Engulfing" we may look for short opportunities on smaller TFs to minimize the risk and increase the reward.
On H1 TF we may spot that Price has already formed Left Shoulder and Head of Inverse H&Sh pattern, also Head of the Inverse H&Sh pattern...
GPBCHF is Standing on D1 Resistance zone
There are several reasons to short this pair
Reason 1: D1 Resistance Zone
Reason 2: Triple Top ? (If Current D1 candle closes as Bearish "Engulfing"
Reason 3: H1 Ascending channel downside Breakout
Reason 4: Bearish RSI divergence
Reason 5: If Price pulls back to 1.3390-1.3410 and forms Bearish Price action candlestick...
