AUDUSD is in a downtrend after the bearish impulsive phase that broke the bearish flag. The price is presently at a major support level, i expect a break of this level, retest before I will possibly short it. How ever, there is only one thing that could invalidate this trade, if the price reverses back from this support as marked with the red arrow , this would...
I forgot to post this setup long before price broke out of the bearish trend. I took this trade at the breakout and retest. Waiting for price to hit the next value area as highlighted in the chart
Waiting for price to breakout of the resistance trendline and retest for confirmation. The price has several attempt to breakout in recent times, but the sellers keeps rejecting it. This is a possible bullish chart
Where do you think USDCAD is heading? Like and comment below
The #EURGBP had a bearish impulsive leg last week. On daily TF, it shows a high momentum. I expect a reversal at the support trendline of the channel back to the upside as correction this week. However, in a situation where price breaks the support, there should be more downward move and this signals end of the current uptrend. What do you think? share your...
EURUSD just broke the bearish flag of the corrective wave after a strong bearish impulsive leg. Price is currently sitting at the support, if it breaks, i expect price to continue the bearish move.
I expect the break of that support to the downside
After an impulsive downward move on gold, it is currently in a corrective wave after which i expect the breakout of the support of the bearish flag.
US Dollars TVC:DXY is back at the resistance trendline, after some momentum move in the past few days. I expect a rejection at this level which would bring the price down. However if price breaks through the resistance and closes above the trendline, i will conclude that the downtrend season is over and price will continue rally to the upside. But my bias is...
After a huge sell off last in Gold, there is a huge probability for the price to get to 1,750 region before a reversal back to the uptrend. And if price the 1,750 there is possibility for more downtrend up to 1,600 key zone which serves as support between September and October The Stoch RSI also indicated a bearish signal
USDCAD is approaching a major key zone which once served as a resistance and support. If the price gets to the zone, i expect a reversal probably back to the upper trendline before another rejection. If the price breaks the key zone, then i expect a downward movement
I see GBPUSD forming a double top chart pattern on daily Time frame at the previous resistance or area of value. There is a possibility of a retracement back to the previous support level, if the neckline is broken, there is a probability of more downward trend of the price could reverse back to the upside. What do you think?
If prices closes above the trendline, this might likely push the price to the upside and i also expect a retest. However , this is bullish longterm
After some good rally in the past few days, BTC broke my daily trendline, BTC broke the structure and double bottom pattern. The 10 and 20 EMA also indicated an uptrend. BTC hits a major key zone i have marked in yellow. and there is a little retracement. Currently, many traders are taking profit and sellers are in charge. The only key areas BTC could likely...
Presently BTC is forming a bullish pennant chart pattern on 2hours time frame. If BTC is able to break out of the pennant, it has a major resistance level to break at the yellow level. If that is broken, we can then resume the uptrend, else the price would crash down. The major indicator to watch again this week is the #DXY which i guess may have a temporary...
Natural Gas is at a major support key zone, after several months of downtrend. My bias is that price would range at this level for a while before a major reversal to the upside. If the price breaks this key level, i expect price to move down to the next key zone.
FETCHAI BINANCE:FETBTC is one of my favourite coin. I'm super bullish on this project. It has been having a little uptrend for a couple of weeks. I expect more pump action IF BTC does not pull down the market. It has formed a double bottom which makes it bullish The MACD is bullish The 10 and 20 EMA is having a squeeze, and there is about to be a cross...
Eery coin has moved except this Filecoin BINANCE:FILUSDT , the chart looks bullish. See you on the other side