-The a strong bearish candlestick pattern and a subsequent dip, indicates a correction phase in a bullish euro against dollar trend. While you wait for the correction and a newer higher low to form, make quick bucks by shorting the phase.
Gold continues its upward trend against the USD. However, not all opportunities are lost for the bears as strong bearish candlestick pattern is seen with the formation of a new higher high.
Silver shows strong bullish trend against USD. However, with the recent higher high hit, one can short sell between two strong support and resistance points as the price corrects itself
According to the support and resistance formed by monthly and 4-hourly charts, traders can comfortable take profits on short-selling.
The currency continues its bullish trend with the formation of three white soldiers after a corrective phase on an hourly candlestick pattern.
Cosmos shows strong upward trend against USD. Buyers should wait for a bullish signal near previous higher low to buy at a discounted price.
My trade plan for BNBUSD - buy near dips (HLs) and sell some of it with reward-risk ratio of 1/1. Play with rest of the lot.
The hourly candlestick chart shows a bullish rally in silver against gold. Investors are advised to let price fall near previous higher low before buying better pricing and lot size.
Following bearish candlesticks indicate a nice entry point into the bearish market
Following are two strong support/resistances for the upcoming trading strategy for investors.
Even after a strong bullish candlestick pattern, the Euro could not keep itself afloat on the bull rally which has finally concluded with the bears pulling the price down previous lower-low of the rally.
The Australian Dollar shows mounting strength against Swiss Franc with a strong bullish pattern at an hourly day-to-day chart.
The party's not over! With the sharp bounce-back from the support, dollar further gains against euro in what appears to be the greatest bull market of the pair of this year.
With the looming uncertainty in the whole crypto market, and the dollar interest rate hikes investors are suggested in looking into short selling. The above SOLUSD graph on 1 hour candle-stick chart shows classic bearish pattern.
Gold follows a classic bearish pattern on day-to-day basis candlestick chart. Moreover, dollar gains in the open market encourage investors to cash out their gold-reserves until the inflation rates cool down.
High USD inflation rates in the open market motivates investors to long dollar against every major currency. A similar bullish trend is with USD against JPY, which is most likely to continue for the latter part of this year.
Yen has been in a bearish trend since October last month. With the current dollar inflation rate in the open market, the trend is most likely to continue.