TRX is in a ascending channel, indicators are showing upwards potential (bounce on RSI, Stoch oversold, bounce on 55 MA) and a bounce on the golden pocket retracement (.65 fib level). These are all indications of upwards movement.
If bitcoin stays stable or goes up it might be possible to hit somewhere in the 700ish satoshi level.
The red line was the top of a Descending Triangle, and now the bottom of an Ascending Triangle indicating that this is a strong resistance point.
Furthermore, most of the time the trend line side of a triangle breaks, so that's why I think the following pattern will happen.
The purple line is the bottom of the Ascending Traingle and a possible turning...
I've had this happen a few times before, I set an entry point, the wick of the candle hits this entry point, but then nothing happends.
I've already mist a few trades because of this. So I was wondering you guys have the same problem? Any idea on how to solve this?
Good evening guys,
GBP/JPY is going to breakout soon, but which way is the question.
When looking at the bigger time frame I'm guessing it's going up.
But I'm going to wait till the candlesticks bounces off of one of the trend lines.
Good afternoon everyone,
On the weekly and daily charts I've found a potential head and shoulders pattern. The head of the pattern was on the same level as weekly/ monthly resistance level, so is the neck of the pattern. When the neckline breaks this is will be an indication that a potential drop is on the way.
Also the Stoch indicator tells me that the currency...
The blue line is a strong trend line , and the black line above is a 61.8% Fib level from the monthly charts, the AB=CD patterns CD leg ( fib level 1.41) is exactly on the 61.8 Fib level, indicating on a possible trend reversal.
Let me know what you guys think
(For the past couple of months I've been learning about FOREX , therefore I am not sure if the following event is going to occur, so don't pin yourself down on it.)
Good day everyone,
While searching for harmonic patterns on the EUR/GBP charts today, I think I might have found a Bullish Crab Pattern. First me and a friend where thinking the following pattern...
Good day everyone,
For the past couple of months I've been learning about FOREX , therefore I am not sure if the following event is going to occur, so don't pin yourself down on it.
Today I was playing around with the EUR/JPY charts. I started looking at the month, week and day charts and was testing out some Fibonacci retracement levels.
What I found out,...