With over 600pips in our direction since my last publication on this pair (see link below for reference purposes); The price hit a peak around AU$1.85000 in June 2021 and has since then continued to find lower lows. The appearance of a Double Top structure on the chart is a very strong clue that hints at a reversal momentum building as we experience a significant...
It's over 300pips run in our direction since my last publication on this pair (see link below for reference purposes) and it appears another trading opportunity is unfolding as we await the completion of a reversal setup after multiple rejections of the Supply zone @ $1.42250 area in the last 25 days. The Pound edged lower during the Friday trading session but...
Early days on this idea, obviously.
It could blast up to higher highs and invalidate for sure (this market is anything but predictable).
For the record, I'm neither a bull or bear, just an agnostic who likes to make money. Feel like this chart could be useful for bulls to consider for stops and bears to consider for shorts.
I'll be tracking this.
Hello, all the participants of this platform. I'm new to trading.
So you don't need to take my feedback seriously. This is just my opinion, my review and nothing more.
I have never been involved in trading, I have only studied this area, kept my diary, recorded my observations, and created my own personal training program for myself on which I plan to trade. If...
As you can see there has been a rough resistance at the 74-75 levels and it has been like this since August 2018. For me, the volume speaks volume and if you are to compare the volume levels to the previous volume levels we have got something juicy. Each time at this 75 dollar level we have never experienced high volume and finally, it has come! Quadruple top on...
Bpcl has been in somewhat of an uptrend as of late. But for the third time since last july 2020 today again it failed to cross the levels of 481-482. If tomorrow it crosses and closes above 481 we can most likely see an upside till 510 or higher. The same way if it closes again in red with a decent body below todays lows it can be shorted with 482 as a stoploss....
EURUSD is Breaking its Triple Top at 1.2185.
While Above 1.2185, EURUSD would target 1.2290.
But, Failing Above 1.2185 and break below (1.2100, its Double Bottom) again,
would open the way to retest 1.1990.
USOIL after a triple top rejection of the resistance area retraced at the 0.786 Fibonacci level.
The market from there started an impulse to the upside and currently testing the 66 level.
According to Plancton's strategy if the market will break above we will set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
After strongly rejecting 1.21700 level with a triple top formation, we could see EURUSD turning bearish, especially after the dollar showing great recovery yesterday with good CPI numbers.
Should EURUSD reject the 1.2115 level drawn in, we could see a continued push to the downside to close the week off bearish.
Happy trading and always practice risk management!
Triple top forming on the 30min timeframe for XRPUSD after we have seen the supply area around 1.43- 1.45 being tested unsuccessfully three times now. If we see another test at the 1.37 - 1.4 support and we break down below that we will retest 1.29 as that is the nearest support.
RSI and ADX seem to be under pressure downward as is the MACD.
A close above 1.45...
lets see how long bears can go :)
For having more precise analysis, We need to check Total crypto market cap too.
I'm using BTC/USDT Binance chart because i believe Binance is most effective crypto exchange.
Okay let's go
As you can see we have triple top pattern in Bitcoin and the neckline has been broken, Also we know that pattern like triple top usually happens...
Doge has gone too far more than other alt coins. Majority of the alt Coins fall but Doge stood strong and made a new high.
So our next question is
SHOULD WE SELL NOW?
WILL DOGE CONTINUE IN BULISH?
FOR HOW LONG WILL IT KEEP MOVING HIGH?
So to cut everything short, Doge has been in Bullish for days and it's came to a point where sellers are pulling the...