FX:USDCAD recently broke previous Swing High (SH) with strong bearish candle.
Last week Swing High was rejected by Monthly level.
Price formed A, B and C, D movements are exactly the same, so I'm looking on B, C line. Another great thing is that "D, E" line precisely hits the weekly level!
Let me know what you think down in the comments!
USDJPY exchange rate is moving inside Monthly symmetrical triangle and is moving around the upper "resistance" line.
On a D1 and W1 price is forming a descending triangle with longer upper resistance trend line --> What do we know about trend lines? The longer they are and the more times they have been touched, more reliable they are!
More so on a D1...
FX:CHFJPY on daily is forming an ascending triangle . Yesterday price went through the triangle up-trend line but It didn't closed below which is a good sign!
If everything goes well my entry on this one will be around 111.800 and will be exiting around Technical Traget. Keep in mind that is always better to miss some pips and wait for the conformation! The...
Well this bear market is now 6 months long. It was inevitable, January parabolic blow-off was just too extreme for COINBASE:BTCUSD to digest the gains. After first month of bear market I saw a lot of people on social media talking like "Yall wait for summer!" and it was just absurd in my opinion. Although if we compare stock market with cryptocurrency market...
