I see it as an opportunity to go short upon breaking the lower line.
Long descending channel: implying USD not as bearish as every one says
A reverse head and shoulders as indicated on the chart is being formed on BTC/USD. Upon passing the barrier at around 10300, the pair could move to 11k.
If the break above the small channel is confirmed tonight (Strong bar closure outside the small channel), I’d be go long.
Bullish upon closure above the triangle's upper side. (Watch out: Earning on Th.)
Price has broken under the line mentioned in the pervious post. I am looking for shorts here. One approach of getting in would be to wait for a retrace to the same line and enter on the move to downside.
EURAUD is consolidating within the marked area. A break to the downside would mean looking for short and vice versa.
is forming. We need to wait to decide if our channel is acurate and once we hit the lower limits look for longs.
Depending if the descending channel sustain or not we can start looking for shorts or longs. Don't assume things. Only time will tell. Patience is the key. There are loads of opportunities out there.
Reasons: There's the descending channel and the a head and shoulders pattern forming (Not a big fan but it increases the odds) Target: marked area around 10 k
The move towards the upper limits of weekly channel is completed. Keep this under watch and look for shorts.
Price is reaching the upper limits of the descending channel.