After price breakout from the falling channel, this looks like a retest after which we'll be longing the market with proper risk and trade management in case of sentiment shift.
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Like most of the opportunities on my account, I trade only the major trend and clear breakouts. AUDNZD has made a clear breakout and has retested the zone marked out. With a good RR. I hope to catch some pips with this trade. Please tell me what you think of my analysis in the comment section. It supports me to create more detailed analysis.
The special crab on the weekly on BTC those that extends to the 1902 fib level discovered by Scott Carney ( my mentor). As we can see, this is the first time this pattern is completing so we expect a Type1 reaction to a minimum 382 fib level which is around 22k ish and a maximum 618 level around 15 ish. These markets have been overbought I believe it will...
We had and impulse down on US30 and now it is giving us a neat correction. We can capitalize on it by taking a sell trade after the break of the correction.
Our 1st take profit can be on the 90% Rule level, or you can trail stop your trade/trades.
Bitcoin have be bullish in a long run, and still expecting more bullish momentum as new buyers come in.. But due to the over extended move of bitcoin, many according to human think will start selling off their bitcoin with the understanding of the fact that bitcoin bullish run has be over extended which will cause a little or long retracement before bitcoin have...
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Price is currently heading towards a support zone which is also at the 50%Fibonacci level. This zone has been tested multiple times in the past. Price is expected to buy from the support.
We could have a AB=CD pattern