Broke out of falling wedge, bullish divergence on 4 hour, daily has printed hidden bullish divergence. Good time to re-enter for the uptrend. Targets are 0.618 of fib level and then a potential double top. If we break out of the top then we should be seeing 15k.
Going long with a stop loss at 11300.
Title is simple. Can go long. Have already been long for a while.
We have broken out of the downtrend.
Targets are black lines above. First target has already been hit.
If you want to play it safe, wait for a close above the black line before entering.
Easy. Can see the rising wedge. Looks like we are about to break the support. Target will be the black line underneath. This is a mid term target. Will wait for a 4 hour candle to close underneath the support zone before going short.
Rising wedge forming. Big short. DXY will move up. GBP will also be moving down.
Should touch the support (red line). If we get a break of the wedge we will be moving down.
May get another re-test of the current support (black line) after the breakout.
Going to short now.
Stop loss at previous swing high (1.329).
Stop loss above the black line.
Those that want to play it a bit more risky. Move stop loss to a bit further up in case of a bull trap. (around 1.138)
Downtrend line has been very strong in terms of resistance.
DXY looks like it may explode upwards soon if good fundamental news comes out.
Targets are black lines underneath and longer...
Market sentiment is moving towards a more bullish outlook. Every time this has happened in the bear market we have had a very big drop.
12 hour chart on BTC points towards a bearish divergence.
Major altcoins also printed bearish divergences earlier.
Do not be fooled by market sentiment. Remove your emotions from your investments and trades. BTC still has a lot...
Huge rising wedge. Double top for WTI where the previous resistance was during the previous downtrend. Should see a drop. Will short once we get a break and close below the support zone. First target will be the green box.
DXY has a bearish divergence. GBP hit the bottom of the channel. Also a bullish divergence on GBP. GBP/USD should be moving up. First target is the green line.
Stop loss below the short term support (black diagonal line).
Broke out of channel. Should be seeing bottom target being hit. Will take profits at that level.
If we get a bounce from that level, will go long from there. Otherwise, will short to the red dotted line.