We can see a very nice NANO uptrend. Important observations:
On D1 - 11 and 22 EMA are aligned in uptrend formation
on H4 there is trendline supporting the uptrend
on H4 we can see long green candle with quite big volume (which is also a good sign).
As I hold some NANO at the moment, Im waiting for uptrend continuation and looking for the right moment to go to...
We are moving in a downtrend channel and I suppose the next target is 3600 USD. Im waiting for a good entry near upper trendline. Oscillators can help us determine the entry - according to previous values I expect RSI > 50 and Stochastic > 80 or at least nearby these numbers.
I see a potential bounce from resistance levels of EURAUD at 1.61 and 1.62 - as described. On the fundamental side - EUR has not very strong fundament. I hope AUD GDP could be positive - that could help this trade pretty much. Anyway, the resistance level @1.62 should hold. Trade safe and comply with money management rules. Good luck
Just a quick though - as you can see on my chart - AUD gradually strengthens, but I suppose it will bounce back from the resistance zone. It could be a wise idea to go short after price action confirmation. For those feeling lucky there is a small long trade in the upside channel.
I have spotted an interesting trade setup on EURAUD - it looks like we are bouncing from the support @1.57257 and heading towards resistance @1.58 and 1.58416 (these levels are approximate, please don't take them literally). You can see that EURAUD is moving sideways from 25th June - which makes this range very strong.
I personally opened long positions:
We can see very interesting setup - downtrend MA crossover of 22 and 44-days MA.
I drew Fibonacci retracements and for us important levels are 50% and 61,8%. For those who want to risk more - they can long from with tagets on these levels. For the conservative ones - these levels could be great entries for short trade.
Trade safe !
I identified downtrend channel on GBPUSD with a few confirmations - we broke important resistance level and also fundamentals play along - weak CPI data from yesterday. It is a good idea to enter short trades on the upper bound of the mentioned channel.
resistance level @1.30515
fundaments - weak data from Britain:
July 18th - Great Britain
Core Consumer Price...
On H1 we can see bullish MA crossover built by 22 and 44 EMA. As usually I used the technique with swing high and swing low before and after the cross. Then I drew Fibonacci and looked for entry levels - this time we went to 38.2%, hopefully this level holds. If that is the case, we should grow to 121.7% or even 161.8%. I personally stay with 121.7% TP. We can put...
I noticed a few important things. First - downtrend channel has been broken. Second - there is a new uptrend channel forming - I drew it with help of preliminary trendline. I suppose it is a wise idea to stay in long in ETH. New buys at lower edge of channel and don't forget some reasonable stoploss.
I can see a few interesting things on BCHUSD - we still continue in downtrend channel and if we use Andrew's Pitchfork, we can see also nice middle area. There is a possibility to go short now - this move is supported also by the fact we are at upper bound of Bollinger band on H1. If I am wrong, we can still go short on uppper bound of channel/pitchfork. As soon...