lentarisgeorge

lentarisgeorge

Since mid-April, Nasdaq is forming an ascending channel, achieving new highs, without any previous resistance to oppose it. Buying when the price touches the support line & the RSI is below 30 looks like a good choice.

lentarisgeorge

EurUsd descending channel acts like a magnet: Past breakouts were only temporary

lentarisgeorge

The rising wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. Don't confuse it with the rising triangle.

lentarisgeorge

Before you trade, or even before you state your bullish or bearish opinion on a currency pair, you should know the major resistance & support levels! Don't forget to look at the monthly or weekly chart...