I am expecting a breakout to .29 and higher! Enjoy!
I was able to capture 74 pips off ETH this morning. All I used was basic price action, combined with RSI confirmation. If you have any questions please comment below. ENJOY!
I took a trade this morning on GBPCHF. I was able to confirm the breakout using the relative strength index. ENJOY!
Im just playing around this. This could be a symmetric triangle on the 4 hour chart. Price can possibly range until it reaches apex of the triangle. Major bearish divergence on the RSI. Price has broken 50 level, but wasn't a deep penetration. Currently price is testing the 50 level as resistance. I am bullish on bitcoin long term, I would like to see price...
Not much going on with bitcoin right now. I figured id take this time out to map out a bullish and bearish scenario on bitcoins daily chart. BEARISH: Descending triangle has formed (bearish triangle pattern) We broke 50 level resistance, but looks short lived, for the time being. Once resistance was met around 6797 range, 3 bearish candles formed. If we...
I spend a few minutes each weekend analyzing the markets before the new week begins. This allows me to stay ahead and remove any unnecessary analysis of pair that are range bound. The daily chart is presenting a potential short set up for the upcoming trading week. Price has been stuck in this bearish channel since April. Each failed attempt at the channel...
Potential Long Oppurtunity Falling wedge pattern has been formed. price has yet to breach wedge resistance. Price is also at structural resistance as well and is testing it with little rejection RSI is breaching resistance as well. It appears it will break RSI resistance, which if broken, will be RSI support MACD has crossed Stochastics has crossed from...
Price has reached resistance that was previous support. RSI is breaching resistance as well Stochastics his coming out of oversold conditions MACD crossing from negative side BULLISH BIAS SINCE EURAUD HAS MAINTAINED CURRENT UPTREND. My target, once candle closes will be near or at the pink resistance line. I am waiting until candle close for confirmation....
If this plays out, good shorting opportunity. Rising Wedge formation, price has been responding to the wedge, so far. Price has failed to break resistance of wedge with each attempt. Price is currently at lower wedge line. USDJPY broke resistance, but not convince it will hold. As price broke resistance, RSI made a lower high. Bearish Divergence on RSI....