ACB is currently in the dead center of the bull flag trading range, and a converging triangle. This is where the directional probability is very close to 50/50. However the bulls have a slight advantage because it is a bull flag trading range, and there are bull gaps below. Prices are currently stalling at the failed bear reversal, where trapped bears may...
I think this setup has the potential to hit the targets even today. The price has been kissing the trendline and is now taking speed from the earlier zone that has broken and it now supports the level.
This pair is providing us an excellent looking opportunity to go long from these specific levels by doing, so it gives us a minimal risk to good reward.
I think the chart speaks for itself and is pretty clear. I'm already in a trade and looking forward to seeing this pair to take sharp moves later this week as there is some AUD related news coming.
Bitcoin Update Full Marks for Bitcoin
More gymnastics overnight as Bitcoin tore across our screens.
It's as if it's putting on a display for us all, going through a
gymnast's routine across the mat and parallels, showing us a
selectionn of moves and continuation patterns, all different
over the last 24 hour display. Look and learn from this
Price has consolidated above monthly support at 112.00 with the weekly chart showing a strong hammer candlestick pattern signaling a reversal is soon due. Along with daily showing us a morning star pattern and bullish engulfing patterns, with a break above the daily trend line shown we are potentially looking at at 117.000 being the target as key weekly and...