Just as simple, even tho its over sold as shown in the RSI, and as I was not watching it closely could have a better entry, but if we continue the bear trend we should at least fill the wick
The price seems to be bouncing off from the current level, despite the RSI I think it should stay bullish once it hits the indicated level.
Horizontal lines are important price levels On the daily we see an important bounce on the actual level and and overbought RSI, and on the 4h we see a double top forming, with a base on an important level, so we could ride the leg to the first level, and manage our position risk to keep riding it if it breaks, if so, we should see it going to the next price...
Simple Flag and support and resistance, IF only IF the price breaks to the downtrend, se should expect to see it go for the next important support, it might go even lower to 1.69, but the 1.695 its an important one.
IF only IF the price breaks the resistance we should expect for it to go for the next important resistance which is at 151.000 It seems that the usual is to bounce inside the Chanel then get back in, so despite the RSI being close to overbought its not that far fetched.
GC seems to be forming a double bottom, so the first trade would be to catch one leg, but since the blue line is an important price zone, if we look at the daily, the RSI its too close to the 30 so it might get there
horizontal lines are important price zones The flag has been forming the last few days, the black line is the length of the flag up top, and matches an important zone, but the 87.000 zone seems to be very important as well, so I think that a TP around that zone its prudent. The trade only activates if the price breaks the price, and a SL under the support of the...
I think that due to the RSI being in overbought might drop from the resistance area but hoping to bounce at the trend line. IF the price breaks, only IF, se should see the price go up until the TP zone, might encounter some resistance at the first line. Simple analysis that has been working for me lately
The horizontal lines are important price zones, the black one is the pennant height I think, considering the bearish momentum the last days, despite the daily RSI, we might see it go a little further below. If it breaks it might find some resistance at the black circle, or might even bounce back, use risk management for this one, if it breaks that support, we...
Horizontal lines are important historical prices. we se exhaustion wicks the last few days, hit support so now should be going up. Might bounce on the first horizontal line, only to bounce again on the support, to finally be headed towards the TP indication. I think it might continue to the next horizontal line or even the resistance line, but the TP indication...
The horizontal lines are just important price zones. Right now, with the indicator we see that it might be changing the current trend, but we don't have confirmations (at the moment the 4h seems to be engulfing, but not closed yet) . If it breaks the price at the Long position with is another important zone, we should expect for the price to get to the first LONG...
the price has reached an important historical zone, we should expect to at least hit TP1 based on historical data, if it breaks we must certainly hit TP2, I doubt a little bit that gets to the next level. TP 1 and TP 2 are important zones Simple historical analysis
Simple as it looks, flag/pennant set up, if and only IF the price breaks the resistance we should be looking at the first arrow to take profit because it is an important area, I would open 2 positions one with the full TP target and other just at the first arrow, when the first arrow is reached one position will take profit and the other i adjust the SL to the...