The Bitcoin (BTCUSD) has had a major retracement after setting new record highs. The RSI signal is now giving early warning to buying opportunities, however there are still reasons to wait. Firstly, the price has found resistance at the 23% Fibonacci area and secondly the RSI has not fallen all the way to the lower, oversold levels. Once RSI touches the area...
After the US jobless claim news was negative (forecast=231 vs 239K) the EURUSD quote made a rebound at the .618 fibonacci retracement to keep going in a sideways trend between 1.16643-1.1694 (resistance zone) and 1.15739-1.15660 (support zone). As this week haven't seen too much volatility at the FX market my recommendation is to wait until the quote touch the...
In the 4 Hourly graph we can see price action meeting resistance around the $5800 mark. This is shown by the blue box market ‘ resistance area ’. There has been strong buying action at $5400 market as ‘ Potential support No.1 ’. If enough buyers accumulate then it should push the price past $5800. In this regard if the price pushes strongly past $5800 then the...
Despite the current strong bullish sentiment on gold reflecting a cautionary stand about North Korea and other geo-political risks involving the dollar, there's still possiblity that this pair might consolidate in the near future especially if Trump finally pushes through with US tax reforms and the Fed with another rate hike by the end of the year, not to mention...
The overall daily trend is still in a major upward movement. Indicated by higher highs and the 200 day Moving average. The RSI is oversold, indicating some weakness in the price. Some profits can be booked now or held onto, though new long positions or buying activity can be put on hold until some retracement occurs. When the RSI is lower or if there is a good...
Hello guys. Today I'm waiting when EURGBP start falling down. Because EURO has critical position these days. Let's see. If there will start bearish signals, then SELL the pair. Thank you!
After a sharply fall with bearish divergence, price is approaching to key support level 21.235 which coincides with 0.61% fibo since the last push at 18.56 in October 2013. Good opportunity for following the progress of the pair and catch a rebound.
This is kind of a tricky trade. I am waiting to see if AUDCHF breaks the top trend line if not what i expect will happen is it will fall to the bottom trend line and break it.
Watch bitcoin for a drop to the downside with 100 pips. If it breaks go long!
Potential Dip Sell - Wait two candles to exclude a breakout!
BCNBTC is expect to stay very still today now BCNBTC is waiting for huge BUY or huge SELL again for direction I think the most move that it can move today is to for upside is 144 or for down is 129 That's all the move today so I will say this pair is neutral trade with care If you like my work please help to like and follow Thank you
Manage to Identify a Bearish SMA Candle Crossover. At 10 and 100 SMA Indicators. Placed a pending sell order. Entry: 114.556 Stop-Loss: 145.067 Take Profit: 143.218 Waiting for the entry to be hit or waiting for any prior bullish signal to cancel Pending order.
The Big abcd pattern in forming, the prz is between two important level, waiting for the big move
GBPUSD SHORT term Waiting for Trendline & Major support breakout