Daily rejection candle which followed by a bullish engulfing candle sign a move higher potential on this pair. This bias also supported by rejection candle that formed on the weekly timeframe .
Entry: Current price (Agressive) / Wait for a confirmation on a lower timeframe (Conservative)
Stop: Below the bullish engulfing candle
Target: First blue line...
The price hovers at 50% fib retracement of its initial down move where the rejection candles that was formed for 2 consecutive previous days signals a downtrend continuation possibility.
1. Sell at market with stop above recent high or find a possible entry point at lower timeframe
2. Observe the price movement if your stop being triggered as the bias...
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 :)