EUR_NZD has reached a confluence of support lines, thus I am bullish and I am looking to enter a long trade.
For us to enter a long trade, we need to see the conclusive breakout of the resistance of the minor falling channel.
Wait for the confirmed breakout, go long on pullback, and Enjoy 4:1 risk reward.
IF there is NO breakout-setup is invalid. And we do...
Hi everyone:
Looking at EURUSD here before the election result.
WE see overall price has been in a bullish phrase on the HTF since the Covid crushed. Price continues to push up to the previous HTF highs.
Overall price action has been evolving its latest structure, and now potentially we can expect this structure to finished as a continuation for more upside....
Two patterns both bullish appeared on EURCHF
currency pair chart. T1-T2 for pattern wedge
and 3 dotted trendlines for pattern Sperandeo.
Green solid trendline is an expected movement
for next several days, also take in mind the
fibonacci levels . 50% Fibo (1.0705) will be the
first strongest resistance
Terms and short forms!
T - Trendlines (T1,T2... etc.)
S -...
EUR?NZD is strictly following a wedge this year. Today it bounced off the lower support line, signalling that the price will follow this wedge in the near future.
Be aware for the red marked area, as its the upper resistance line, where the price has a high probability of reversing.
BTC is gradually rising and still
there is space for bullish movement
until 15113.94
Target by Fibonacci - level 23%
of last long term bearish trend
Terms and short forms!
T - Trendlines (T1,T2... etc.)
S - Supprt levels (S1,S2... etc.)
R - Resistance levels (R1,R2... etc.)
TP - Take Profit
SL - Stop Loss
F - Fibo Levels (F23,F61... etc.)
Check out my...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for RIPPLE, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Futures opened up green but have been inside of a rising wedge. Usually these breakout to the downside, which played out beautifully here.
For now it seems the bulls have lost their momentum but as I was typing these we even started breaking down further. My next target is my marked support. We could get bigger moves now.
XEM/BTC has been in a massive decline since early September. As of today, the RSI and MA200 are showing signs of recovery!
Over the past year, the daily RSI has been a good indicator for short term reversals, big and small.
This time, however, we see a strong rejection of the MA200 accompanied with a reversal of the RSI. With the RSI being greatly oversold at 20...
A multi-month wedge has formed on the ETH/USDT chart, within it upward channel.
Something big is bound to happen as soon as the price breaks out of the wedge.
Personally, I see a big chance that ETHUSDT will continue rising within its upward channel. In the coming few months my price target would be $500.
Keep an eye out for break-throughs in the marked long-...
IF LTCUSD bounces from rising support it will retest strong resistance
and fall to retest support
Sell at resitance
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Here's a pretty clear head and shoulders that's currently breaking out.
With a lot of pressure on the equity markets this week, we may be looking at a lot of bullish momentum on the dollar for the next few weeks.
on the local uptrend of the 4hr chart.
falling wedge after falling wedge.
has to break 392
if rejected look for a drop between 378 and 365.
not financial advice
If you like the idea, do not forget to support with a like and follow.
on DAILY: NZDJPY is approaching a support so we will be looking for buy setups on lower timeframes.
on M30: NZDJPY is forming a trendline in red (not valid yet) so we will be waiting for a third swing to form around it to consider it valid and then buy on its break upward.
Good Luck!
BNB broke through the September – October wedge, as well as the MA200 on the 4H chart.
Most bullish scenario would be a quick bounce off the $26 area to continue its long-term bullish path.
In case it breaks through the $26 resistance, resistance 2 @ $22 and resistance 3 @ $18 are next. The latter being quite unlikely.
In case you’re looking for a short...
If you’re long in Bitcoin, beware. Two big resistances are both being hit at the same time.
First there’s the 2019 high. Secondly, we hit the upper limit of the upward channel since march. My advice would be exiting your short- and medium-term investments and look for a new buy-in around $12,000. I’m still long-term bullish on...
