VizhcoS

VizhcoS

BTCUSD formed a H&S pattern and has flowed into a downtrend as expected. This trend has created a descending triangle pattern. Now it has reached the support zone which will be tested. The breaking or respecting of this point will determine the course of action to follow.

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Accending triangle probably will continue Bull run if it manages to break the structure to the upper side. It can possibly be reaching overbought levels which will force BTCUSD to break the structure to the downside. In any case great trading opportunities!

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Btc is testing a down trend line and if it can break this level it will be able to continue to new ATH.

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For EURCAD we see a strong breakout of the previous resistance and now it has become a support for a long position of this pair. There is also the EMA 33 cross over the EMA 200 at 30 min that we also use as an indicator to support this long position. There is also the support of the 0.382 Fibonacci level which the pair respected and indicates a possible long...

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For this pair, we are looking at an H&S reversal pattern meaning that we will be taking a bearish stand and waiting for the opportunity to jump in either with a stop-limit sell or a manual sell entry. To keep in mind is the strong support line of the second shoulder.

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For the start of the week, we are looking at a break from the downtrend. But this could just be the start of a pullback before continuing with the downtrend this is also based on the downward cross of the 21EMA over 200EMA. We will also be on the lookout on Tuesday for an important piece of news before making a move.

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The current level of the GBPJPY is reached after a trend reversal and is currently setting a bullish trend this is done just after passing a resistance level on the daily timeframe. It is expected that GJ will retest the resistance level(now a support level) in order to continue with the bullish trend. This analysis is also based on the fact that the 0.5 fib level...

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Unexpected chart pattern forming and expecting it will touch the 99 line once again

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1D chart expecting a retest of the weekly resistance before becoming bearish and heading down to the 5300 EUR support line.