Dropped to the H1 time frame for a more detailed picture of what price is doing. Currently forming lower highs and creating a flag pattern. Once price does not cross above the Daily resistance zone we can start looking for reversal patterns on the lower time frames for a sell entry.
Weekly - We notice a major exhaustion which mean the market is ready for the downside Daily - Major Support ans Resistance is set with the market testing the Major Resistance and also made its High after the huge exhaustion with a bearish candle 4HR - The market created a major Resistance which is a Double Top, but on 1Hr we see it test that resistance 3...
as EURCHF chart shows it is trading in down side channel. it may trade for while in upper part of channel one can trade for long if sustain in upper channel with channel mid line as support if mid price break mid line of channel EURCHF will trade in channel for while. f it break channel towards upside we may see price will move towards 1.0800.
Hello Everyone! Hope you are liking our analysis so far. Today DMA's are giving bullish signs again, as DMA 50 has crossed DMA 200 upwards in the charts. And is giving a strong signal of bitcoin being bullish. As we have earlier said that " HISTORY REPEATS ITSELF " ,So here we can see that on 25th Oct 2015 it was the first instance when DMA 50 crossed DMA 200...
After we ride the impulse move to the down side and made 200+ pips profits. now its time to ride the correction move to the upside. currently price creating a inverse head and shoulder that give us a chance to go long. look for the rejection around S/R zone on the highlighted area before placing any long...
Good news for oil was released on Friday about output cuts to reduce supply and bring up prices. Lower TF here we see price broke above bottom rand and is now in a higher range, I am expecting price to break that level this week.
Amazon went from 5 bucks to 115 nonstop during the dotcom bubble. 2000%+ uninterrupted growth. It collapsed back down to 5 bucks during the crash. Since recovering, Amazon has gone from 100 bucks to 2000 nonstop the past 8 years. 2000%+ uninterrupted growth. Losing these weekly levels below would be baaaad. Could stop at any of those levels below but theres...
We expect that LTC will continue the downtrend, but it will to retrace a little into the upside, to take a short trade we will wait for confirmation by breaking the uptrend, and for more confirmation, breaking the latest low. pentrating above WAVE A will corrupt this specific scenario but NOT the entire downside view. let's prepared for this scenario and...
Rejection of support @140.00, price broke out of its downtrend line the retested the 50 fib level one last time before shooting to the upside. 1st Target @142.00 Target 2 @143.00 Trade with care !! ;)
Price making higher highs & higher lows. Nothing indicating a trend reversal price came down to 61 8 zone / Daily support and respected it. I expect the US dollar will get weaker as well & am looking for a higher high to form @134.50 zone. Nice setup here entered long with a small entry for now & will be adding more on the way! possible 500 pip trade here will be...