The GBP/JPY pair has formed a bullish head and shoulder in 15-min chart. It is currently retesting its broken neckline. We expect the pair to be bullish,until it stays above the neckline, for short term
Best case scenario: The price continues going down to make a double bottom, deeper down than the last low (Daily Chart) but not too much deeper. A bullish divergence appears on RSI. The bollinger bands are already constricting, showing that something big is coming, normally we don't know in which direction but look at the RSI oversold peak and compare to the other...
GBPCAD look strong moving up but “The trend is your friend until the end when it bends”. Well, that time is now. Price even broke the 1.76000 trendline on the bigger time frame. I’m looking to get in SHORT on the first pullback. Probably around 1.76400. TP 1: 1.68000 TP 2: 1.59000 Also check out my analysis on the GBP Futures:
Dear all, the last time we printed a weekly morning star, BTC was in the 4K range last year after a selloff from 5K to 3K: When this was printed on the daily, we also saw a huge momentum swing to the upside after the selloff: Since then, we have never seen 4K again - price went up by about 350% to 20K before BTC sold off to 6K. A morning star is a bullish...
Charts are showing possible inverse H&S trend reversal indicating that XLM may have bottomed out. As of this publishing, XLM is maintaining at about the light support of the neckline of the H&S pattern. Should this pattern continue XLM could be heading back up to the upward resistance levels.
Zcash has been in a downtrend for quite a while, it's time pay time now! Zcash is starting a bbrrand new fffrrreeessshh reversal trend! Brrrilliant!
How to Pick the Bottom in Any Market with Iteksignal A simple technique to buy the turn higher from the low with Iteksignal, is to wait for a failed double bottom. If you take a look at the image, prices fell to lower low with an extreme bottom (1). A subsequent candles bounce to a higher price (2) stalled and approached the bottom but did not break below that...
What is prefigured here, through a careful examination of the Elliott cycles, is the beginning of a corrective wave. The 1h chart shows the price level at the top of the AudUsd wave 5 and, before the breakout, a new rebound on the trend line could configure a reversal pattern: head and shoulders or double top.
What we see is the formation, on the fifth bullish wave, of an interesting double head and shoulders. The two neck lines, in addition to being in parallel, have already suffered a breakout. Now we are in the pullback phase. a great time to get into short on about 200 pips.
Learning chart patterns and would like some help :)
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As what we can see, good team potential wallet update: Adds GUI support for #Qtum QRC trend change since ICO 0.00% in my opinion good time to grow up in my opinion good opportunity to check this project now Bless MW ed: TIP: check trend on BTC and other oscillators to decide where you want to go /\
Good time some time Go to research yourself I see here a nice trends reverse What you can show on my pictures. Trade wise, be smart.
All three circled area have hammer dojis and bullish control afterwards, this is a bottom reversal again. To be safe, buy when the first resistance breaks, and ride till second resistance/target. If you like a little fun, buy now and wait till second resistance/target. I am certainly very bullish for this one.
Top companies like Facebook amazon Tesla Google etc. experienced very strong bullish movement for the last 10+ years. I think that this rare candle stick pattern on weekly chart is suggesting bearish movement. Two Black Gapping which according to the Bulkowski’s book it has probability of 68% that the market will follow the signal. When You will look at the...
Expecting a trend reversal.