Yesterday's daily rejection candle indicates that there would be a possibility of price reversal. Located near the resistance area, we could treat the candle as a signal for shorting the market.
You can place the trade now or using sell stop order for a conservative approach. High of the candle will also act as an invalidation or a signal that the market want to...
There is an inverted H&S pattern on BTCUSD which indicates a bullish movement. You can take Long entry now or wait for additional confirmation with stop loss placed below the Right Shoulder. Please trade with care :)
The price has retesting previously broken trendline which could also give a sign that there is a potential of Head & Shoulders pattern to be formed. You can place your trade now or waiting for another confirmation for a more conservative approach. Please trade with care :)
There is a complete bullish gartley which signaling that there is a possibility for the price to reverse. You can either enter the market aggressively on point D or waiting another confirmation such as double bottom, engulfing, etc for conservative approach. Please trade with care :)
The price is retesting this support area for the third time which implies that if it didn't break then the price will reverse to the upside. With a positive RR ratio, this trade is worth taken. You can do conservative approach by waiting another reversal confirmation such as rejection or engulfing candle to appear. Please trade with care :)
There is a possibility that the descending channel is a wave 4 formation which if its broken to the upside will initiate wave 5 movement. You can enter the trade now or waiting for additional confirmation for a more conservative approach.. Please trade with care :)
There is a Head&Shoulder pattern possibility on this pair. The pattern isn't complete yet and I don't know that it would be completed or not. But you can took this trade by calculating your Risk:Reward properly. Please trade with care :)
There is a bullish gartley potential where it's D point located at support area. You can aggressively put a limit order or wait for another confirmation for more conservative approach. Please Trade with care :)
Flag pattern that has been broken suggest that there is a chance that the price will continue its upward movement. You can enter now or wait for the price to retrace to get more ideal RR ratio. Please trade with care :)
There is a rejection candle spotted on this pair which could give us a sign that there is a possibility of trend reversal that will occur. Lately GBP give a strong data reports but we must not forget that brexit still the main issue on GBP.. Please trade with utmost care :)
Daily support which previously a resistance could provide us a good chance to go long. This trade has a good RR ratio and a fair chance to ride the price even further by taking FED December hike into consideration. Please Trade with Care :)
There is a possibility that this price action will lead to the completion of Eve & Eve pattern. The confirmation line which converged with the edge of support area gives a confirmation of the validity of this pattern if the price broke below the confirmation zone. Please trade with care :)
Rejection candle which shows up right at resistance area and holded by upper daily trendline suggests there is a probability that the price will go south. It is wiser to stay still and wait for the opportunity presents itself to us so we could take the best out of the trade. Please trade with care :)
As you can see the price now sitting below the daily trendline which indicates that the upward move may have faded. SnR area could provide us a good RR ratio to go short on this pair. Please trade with care :)