Bullish bounce off?The Aussie (AUD/USD) has bounced off the pivot and could potentially rise to the 1st resistance, which is an overlap resistance.
Pivot: 0.6539
1st Support: 0.6521
1st Resistance: 0.6581
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Ud
Bitcoin - Where to next? An inverted H&S pattern? Or a big fall Reached the next specified zone
We are now between two very important levels:
- Level which "should be kept" 39-41k $. Merger of trend D1, maximum range of summer 2021, local minimum of September 2021, H4 200 EMA ,. Obviously, if / when retesting this level, the bulls must protect it to see continued growth and an uptrend D1.
- The "must break" level of $45,500-46,500. This was an area of consolidation on the way down and here is the annual opening.
Note: D1 stochrsi is still clearly overbought. It would be ideal to retest $39/41k, reset overbought.
However, it is also important to keep in mind the rise of BTC in September/October 2021. OH got to 60k without any D1 correction. Keep that in mind in case we see something similar.
I will not complicate what was written a few days ago
The levels indicated on the chart for the last few days:
- Local support (LTF) = $43k and H4 trend,
- Resistance = $45,500-46,500,
- Main support (HTF) = 39/41k$
- 39/41k$ if we break through the local support of 43k$.
- $48/50k if resistance breaks.
I wonder if we'll see alto moves like last weekend? 🧐
EUR // USD // Elliot waves // Sell areaEUR USD is surpassing the area of weekly stands and positioning itself in the sales area of previous weeks.
now we see that it is forming elliot waves. Wave 5 could expand more.
overcoming the bearish guideline
for the news. usd is strengthening.
operate eur usd. wait for sales area -0.71% and the reactions of M.M to be able to catch a good operation.
patience is our friends
sentence
^ Trading is the hardest way to MAKE money easily ^






