EURJPY Potential Bullish Movement
we are currently holding a buy (running around entry) after a momentum candle close above our purple neckline (zone)
Reason:
1- Inverse Head and Shoulders Pattern (in orange)
2- Objective Channel (in blue)
3- Support from Daily 116.5 (in purple)
4- Divergence on MACD (in red)
Generally a breakout in the price momentum ( whatever the indicator being used ) signals early buy/sell stages of both breakout side . Moment of truth for that famous ascending triangle published so many times among crypto space participants .
If btc indeed breaks out for further correction, it is all about droping for rebouncing even higher than before its...
On the 4-hour time frame, bitcoin is getting squeezed between the 21 day ema and the 200 ma. On the hourly time frame, a pattern which looks to be a symmetrical triangle has formed. If bitcoin could break through the four-hour 200 ma, that would set up a potential golden-cross.
On the larger time frames, bitcoin is in an ascending channel, ranging for now.
More...
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!
Like I said on 27th Jan. Future is not looking so bright. I wish safety, health and well being to you and your families. ✌️❤️🙏
Regarding this trade opportunity. We already broke down out of this possible bear flag and have come back up and retested (QE infinity and beyond)...
Like i see we are in an descending triangle since 2009 We broke the 200 and 100 Monthly MA and after retesting them we got rejected so we may go to around 1.05 area in next months.
After getting to the global support area 1.05 i expect a pullback to the trendline around 1.10 and then we will see a further down move and i expect in 2-3 years to test the...
Bitcoin after touch 7280 level , did a pullback to breakout channel (6800) then its signal for long term position . when btc breakout 7280 it goes to 7850-7860 level for a cup pattern
USD can advance against Japanise yen. You can follow the pattern wedge on H1 chart, T1 and T2 trendlines. Theoretically price can break T2. Target 108.67
Evening Traders!
Today’s technical analysis will focus on REPBTC, in a valid broadening wedge formation with a failed partial raise at structural resistance.
Points to consider,
- Trend bearish – consecutive lower highs
- Structural resistance being tested
- 200 MA – local support
- RSI trading in a channel
- Stochastics in upper regions
- Irregular...
Looking at trend lines on 12-hour stochs, it appears there is at least a possibility of a reversal coming soon. Not only are 12-hour stochs beginning to turn, the MACD indicator is in a very weak (low volume) downward trend. Although it has only been a few ticks since the sell signal was given, a reversal could soon be in the cards if bitcoin can hold above 6050.
REJECTION ON THE 3RD TOUCH OF THE WEEKLY ASCENDING, waiting for the rejection double top level and then go short high risk trade.
with the low risk option wait for the break of the trendline
