There is a possible Head and shoulders formation in this pair.
Either sell from here which is a moderate resistance level or the best wait for the touch of the dynamic resistance.
The move of September 24, which also formed a wedge doesn't look impulse, hence in my humble opinion NZD will go down once again to complete the complete ABC...
There is another halt and another Head and Shoulders.
Bitcoin is waiting for the support from Bulls, and Bears are waiting for the best chance to sell.
Looks like BTC's another jump is limited and we will see another downtrend and a confirmation of another Head and Shoulders pattern.
Palladium has touched the dynamic resistance and might retrace from here though the impulse is very strong, hence it might retrace just a bit and continue the uptrend backed by the weak US Dollar due to the Stimulus bill.
LTCUSD has formed an ascending triangle after the sell-off, is about to test the barrier once again where it might continue the down-trend.
Wait for the retest of the barrier and a breakout from the triangle.
GBP is about to reverse and probably continue to advance higher, I'd highly recommend to wait until the close above the October's high and go long.
The pair might also drop before the further uptrend, though this is less likely and the reason is the huge lower wick, which signals the power of buyers.
I'd recommend going long above 1.30140, or from the...
Hello, dear friends!
Here is my projection for silver. Silver is above the bullish flag and tested the upper edge of the flag as a resistance so is about to continue the uptrend.
See important support and resistance levels on the chart.
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Here is what I'm thinking on Bitcoin, the last drop contains a 5-wave pattern and was stopped by a dynamic resistance, hence BTC will look for a correction, so nice long position here could work.
See the alternative price action as well, false breakout and then right back in.
Lockdown announcement will further affect the British Pound.
On September 22, prime minister Boris Johnson announced new national rules that could apply for the next six months or more. Do not panic, read the lockdown guidelines first, bars and pubs are still open until 10PM and deliveries are always open, so you will get your boose to watch APL....
There is an ending diagonal pattern being formed on Polkadot and DOT is near resistance, there is a clear sign of buyers exhaustion, hence wait for a breakout of the dynamic support and short it.
The price trajectory on the chart is just an assumption, wait for the pattern confirmation to go long.
Hi, fellow traders!
There is a confirmation of a breakout from the symmetrical triangle in Silver, ABCDE Elliott wave correction is complete, silver is about to continue the bullish run, though the last impulse is weaker than it has to be, see the chart for resistances.
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