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1. Bullish divergence
2.Bounce inside channel
Reasons why the market is probably going long:
1. Pin bar
2. Bullish divergence
3. Inside channel
Divergence analysis: Probably market is going short
Using RSI zigzag indicator to help with forecasting the market
Setting my set up for long trade
High chances for a long opportunity
Possible long opportunity
Waiting for a long opportunity.
Based on the channel line, probably the price will bounce back
There chances that the price will restore to its original direction which is sideways. But if the price failed to break the yellow line, probably the price will bounce back and go higher.
Waiting for the EU GDP result. But solely on my technical analysis, I believe there is a long opportunity
Looking for short opportunity
Looking for a long opportunity. the yellow channel indicates the market is trend upward in a higher timeframe.
No of week Balance before Risk Reward No of trade Lossing rate Winning rate Net profit Balance after
W1 $1,000.00 2.50% 3.25% 10 40% 60% $95.00 $1,095.00
W2 $1,095.00 2.50% 3.25% 10 40% 60% $104.03 ...
Looking forward for to buy. I believe the market will bounce either at R1 or R2.
The double bottom has formed. Probably the market will go long until it hits the 0.67919 line.
The blue area has been tested many time as a resistance area. I believe the price will drop. Trade carefully :)