BTC's volatility has been decreasing day by day and today I was struck to see ranges of less than 0.2% on the 1HR Resolution.
In the financial markets I have traded, these triangles will result in a sudden spike of the Symbol.
Am no long or short bias but limits and stops will be a go-to.
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This is an automatic harmonic detector I made with the loved ZigZag++ , I sometimes use it to tell me the bat, gartley and butterflies
This is a potential sell zone for GBPUSD, A prior Bat is seen to make a very nice entry point after hitting this level,
And we haven't been supported by...
I bet you are all waiting for it.
Here is my trade entry and looking to trail this pair.
We have a strong support zone. Which is full of wicks, hopefully, we are carrying the baggage higher and higher
There is a failed head and shoulders for a sell which is a good sign for losing sellers in this market.
Hoping for the best next week
We all know that this pair has the best movements when it comes to scalping and short moves big profit thing.
We have got a break out to cover here. This support and resistance indicator that we will get a nice trade on this pair
18th Feb - (p=227,355/l=282,215)
This pair is running a circus with tension on reversing. We have formed trendlines channels and I expect yet another to be formed inorder for a new uptrend to officially emerg. Previous trend continuation price action has been a failure however if we break low we are going to have a good downtrend.
this is a decisional point for this pair and its either up or down. Sideways market is not allowed due to the point that the market is trending and it has been consistently covering pips. This zone has less support and resistance and we do note expect any to be formed right now
Gold is mostly aways from ranging and channels and thats why its the sweet spot. However, Gold is either an Obedient dog or a ratchet one. Finding sweet spots for the pair is the Key because it obeys them.
Over here we have 3 trades based on Trends and SR lines. A broken triangle gives us a bullish but failure to the trade, we take a short on trendline break with...
History does repeat itself and at this instance its not too long ago we saw this movement on the pair.
A triangle, breakout, correction move and a final down move followed by Fibonacci retracement.
I dont go against the trend so lets remain bearish and watch this pair. Breaking down would definatelly have me selling
We've hit a remarkable low on EURUSD and I expect this to be backed by a retracement of 50% to 61.8%
The entry is long but the trade bias remains short as the Downtrend is not completed yet.
All the best
Check out my previous EURUSD Analysis