Hello all!
Today I analyzed GBPUSD and its recent move.
1/ As you can see, the resistance line A has been broken and retested.
2/ The resistance area B was broken by a strong candle.
3/resistance zone test B.
So it is likely that price action is heading to strong resistance area D.
This is really an opportunity to buy GBPUSD.
Price action can recover and return to the upside after reaching the strong trend line A.
The break of the trend line B is not a strong break because it is against the direction of the strong trend line A.
Trend line A is a strong support line.
welcome all,I came today to share with you my thoughts on DATAUSDT,As you can see, the trend line was broken by a strong candle, which means that the direction of the price movement will reverse.
I'm just waiting for the trend line to be retested Because I think the price will start to rise soon after retesting the trend line.
After breaking the resistance area ...
1/ The vwap was broken with a strong candle, which means that the market has become empty of buyers and because it is the turn of the sellers to take their place.
2/ Breaking the support area A.
3 / We also have strong candles that confirm the possibility of a trend reversal.
You can boost your deal by selling after breaking the support area B.
1\There is a strong breakout of the trend line with a strong candle, with a retest of the trend line
2\break to vwap with strong candle
3\Correction above the support line
Therefore, there will be a bullish rally after the retest.
the cup and handlle is a positive technical pattern that confirms the continuation of the trend to the upside, and we have a large volume that indicates that there is a great buying momentum, and therefore you can strengthen your deal by buying after breaking the support area, and there is no bearish attack at all.
I advise you to sell because the direction of this movement will reverse and we have a large green volume with a strong candle that confirms that the sharks want to sell and you can
The head and shoulders pattern is a strong pattern. You can enter after the neckline is broken, and we have a large green volume confirming the entry of liquidity, so you can buy.
I advise you to buy because the price action will know more upside for the following reasons
1/ The appearance of the long tail candle (A), which confirms that the market movement has reached its end
2/ Breaking the support with a strong candle.
3/ Break VWAP
4 / Retest the support area
Thus, you can buy more and boost your deals, and we wish you more profits.
I advise you to buy EURUSD because it will know a strong rise, as a result of the penetration of the falling trend with that strong candle that has a large volume, so you can strengthen your deals by buying more after breaking the support
I advise you to sell this stock after breaking the trend line and breaking support 1 because it will continue to fall due to an important price gap and after reaching support 2 it will be corrected and can recover and return to the rise again
I advise you to buy because the market movement is in a horizontal direction and once the resistance is broken, it will be a strong rise of 85% and you must respect the stop loss
I advise you to buy because there is a strong breakout of the trend and a strong penetration of support and resistance, and that is due to the strong entry of sharks and they are the bulls, so you can strengthen your deals more by buying more and therefore you can keep them in your wallet
