1h
Short on break of the flag patternThe CADJPY trade which I took last week hit the SL today after a massive fall. The outlook has been shifted on selling CAD since the price has broken a major daily support which turned into resistance now. The price has formed a flag pattern now and a break of the pattern would activate my sell on CAD.
The calm before the stormPrice has been stalled after an impulsive move on GBPUSD. The pair is in heavy a downtrend and have room to go further down. Now time to wait for the break.
AUD/JPY [1H] : SELLI have a bias to SELL side
triple top at 86.860 ( pink zone )
price is under 50 & 200 EMA. and break down the trend line
Eur/Usd it may go short I think if chart break the lower low of yesterday in the 1h chart, we will have a big chance to go short until next support.
Hussein Alanbaki
NEOBTC 1H CHART NEO ENTRY SIGNALNEOBTC is currently breaking downtrend from a descending channel.
This could be a response to short-term BTCUSD price stagnation/reversal.
Proposed entry levels are on the chart.
RSI confirms upward movement, and market is about to cross MA20.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me
Look to short the USD/CAD.USDCAD to fall to the down side based on the 4hr & 1hr time frames.
Looking to short @1.27354, stops @1.27497, target 1 @1.26724 & target 2 @1.26072.
Good luck and good trading!
NEOBTC 1H CHART NEO ENTRY SIGNALAfter several days from this NEOBTC rally, there seems to be still opportunities to go long.
A symmetric continuation triangle has formed, and also a double bottom at the 0.0045 level.
Uptrend continuation seems to be confirmed with RSI and MACD (not shown).
Before placing and order, it would be less risky to wait for the cross of the MA20 over MA50.
Market is not so far from ATH, but this trade could lead to a 15% profit / 5.6% loss on a R/R of 2.73.
Entry levels are shown on the chart
WNZ
Get live updates and analysis of the cryptocurrency market: t.me
OMGUSD 1H CHART MARKET CONDITIONSAfter the rally, OMG is moving on a big ascending triangle, which is a bullish continuation pattern.
Market rejected the downtrend on the 0.382, 0.5 and 0.318.
The published long position only poses a Risk/Reward of 0.8.
Only small volume orders should be considered
EUR/AUD 1H Chart: Rising WedgeEUR/AUD 1H Chart: Rising Wedge
The common European currency is trading against the Australian Dollar in a rising wedge formation.
The current pattern started to form right after the currency pair left an ascending triangle and unsuccessfully tried to build a short-term channel up along the 55-hour SMA.
Despite all attempts to break to the bottom, the 20-hour SMA did not let the pair to do that. As a result, it started to huddle to the upper edge and, thus, formed a rising wedge.
From technical perspective, by the second half of the day the pair is expected to leave the formation to the downside.
By the way, the front edge of the pattern coincides with the weekly R3 at 1.5001, which basically sets the upper limit for potential surge in the next two-three days.
USDJPY: a harmonic pattern waiting for candle confirmationUSDJPY: a harmonic pattern waiting for candle confirmation
USDJPY Trendline Broken, Short EntryUSDJPY has broken the lower trendline on the 1H chart. Advisable to go for a short here and target at least the 61.8% retracement.
