As we can see, Monero is going to make a reversal after a long downtrend. Price has already rejected our demand and 0.618 fibonacci level. We can also see AB=CD pattern. So what can we expect ? I expect more of a bullish pressure,precisely to our -0.272 fibonacci extension level which nicely fits with a very strong resistance level .
On a daily timeframe we can see inversed Head & Shoulders pattern. I am waiting for a correction on 4H timeframe and then I will be executing some buy positions. Also expect retracements on supply levels (black vertical lines).
Price broke a resistance level and made a retest. Now we can expect breakout of the upper trendline and move to the next resistance level.
GA broke a Pennant pattern. As we can see, price is going to make a retest,which I expect to reach out 0.618 fibonacci level. This level fits with a demand level as well. Then we could expect move to the upside where is a resistance level with -0.272 fibonacci extension level. Then are my bias short.
Here we can also see inversed Head & Shoulders pattern with possible correction. Support level /neckline also fits with a 200 SMA . After a retest of this pattern we have nice opportunity to buy this pair.
USDCAD is very consolidating pair. I expect price consolidating on Monday and after that a bullish pressure to our support level wich nicely fits with 0.618 fibonacci level. Here I expect another consolidation and after that huge bearish move to -0.272 fibonacci level extension.
Price rejected our trendline and is forming nice Head & Shoulders pattern. I expect price to go down because JPY is much stronger than USD (source: Currency strength meter). From a higher timeframes we can see bearish potential as well. Wait for a retest and then we have nice short opportunity with good RRR .
Similar scenario as in my analysis before (link below). We can see overextended inversed Head & Shoulders pattern and possible AB=CD formation in a future. Our demand level nicely fits with 0.618 fibonacci level so I expect price retrace to this point. Then I would like to see our AB=CD formation followed by another retracement and move to the resistance level....
We can see overextended inversed Head & Shoulders pattern and possible AB=CD formation in a future. Our demand level nicely fits with 0.618 fibonacci level so I expect price retrace to this point. Then I would like to see our AB=CD formation followed by another retracement and move to the resistance level. NZD is much stronger than USD (source: currency strength...
We can see inversed Head & Shoulders pattern with possible made correction. Our 0.382 and -0.618 fibonacci levels fit with our S/R levels. We should wait for a reversal signs at our support level/neckline before going long.
We can see similar scenario as in my analysis before (AUDUSD link below). AJ made really strong move to the upside and broke the resistance level . Now before this move will continue we should expect a retest of actual support level . Then it is very probable that price will rise again. Why ? Because we have very nice Double Top pattern on a daily timeframe . We...
Hello traders, I want to share this analysis with you. AU made really strong move to the upside and broke the resistance level. Now before this move will continue we should expect a retest of actual support level. Then it is very probable that price will rise again. Why ? Because we have very nice Double Top pattern on a daily timeframe.
Price reached very strong support level but before it’ll become broken I would like to see a retest of our previous supply zone (fits with 0.618 fibonacci level). Then we can definitely expect a huge bearish move because we can see Double Top formation and it’s needed for a weekly correction.
As we can see, EJ is in an uptrend so we are only looking for longs. EJ nicely respect historical demand levels so I expect some consolidation at these levels. Overall we have still bullish bias because of market structure. Wait for a retest before going long. We also want to see price reaching our next resistance level because we need that for a weekly correction.
From a weekly perspective we are still in a bearish environment. Price rejected 0.618 fibonacci level and now is heading down again. Sentiment of traders is 29% for short and 71% for long positions. What does it mean ? Usually when you see so much %s for a long positions you should expect a reversal (the same when there is much more shorts than longs). Hourly and...
EUR/USD already broke our resistance level so now we are looking for long positions. After that long bullish move we should expect a retracement. It is very probable that this retracement will retest actual support level and then we should execute buy positions.
Price made its retracement to 0.5 fibonacci retracement and now is heading down. We can definitely expect that price will reach our support level. But here comes a question: "What will happen next ?" Well,I expect more of a bearish move because there is a strong combination of a support level and -0.618 fibonacci level. But we must count with the second scenario...
Again, high timeframes are telling us where they need a retracement. We have rejected trendline and broken resistance level. Now we are definitely in a good position to go long. I expect price to hit the next resistance level which fits with a 0.618 fibonacci level and then we should expect a bearish pressure. Why ? Because we are in a downtrend on a weekly and...