The British pound is starting come back under selling pressure against the greenback on Thursday, after briefly moving above the 1.3200 level following the FOMC rate decision. The GBPUSD pair may now start to trade back towards the 1.3113 level, after hitting its upside bullish target above the 1.3200 level. Sellers now need to break the 1.3096 level, while buyers...
The euro is starting to lose bullish momentum against the US dollar after the pair once again failed to break the 1.1800 level after the FOMC interest rate decision and policy statement. The EURUSD pair came under pressure after Federal Reserve Chair Jerome Powell struck a hawkish tone towards future rate increases during his scheduled press conference. Sellers...
The British pound has moved to a fresh weekly high against the greenback, as the US dollar index comes back under selling pressure towards the 94.00 level. The GBPUSD pair continues to retain its intraday bullish bias while trading above the 1.3113 support level. Buyers may attempt to break the 1.3200 level, while sellers may also be looking to enter the market...
The euro remains well supported against the US dollar, with traders still using any pullbacks in price to buy the single currency. Buyers need to break the upside of the symmetrical triangle pattern to keep the recent bullish momentum alive, while sellers need to force price below the triangle pattern. Trading ranges may start to narrow as market participants are...
BTC went all the way up to the 2nd resistance (6750) line only to break down even below the 1st resistance line (6500). Looking at the 4 red candles (6740 to 6400) i'm thinking that we should get a small bounce back above 1st resistance. I don't know if it has enough juice to make it up to 2nd resistance or beyond, but there is a small upward pattern forming in...
Bitcoin close cousins patterns remain family patterns for years?
Always respect cousins and family, understand family, never betray the family or family will betray you, and you will be swimming with fishes.
That's probably what my sicilian ancestors were saying to other sicilians in Chicago during the 30's, when Don Al Capone was launching is illegal Whisky...
The stock that keeps on giving on a weekly basis! That pattern tho :0 bullish on this one may drop a bit more but the gains are consistent and they look to come back in full swing anytime soon.
Hello everyone,
We've added about 120 followers to our family here in the past couple of days, so welcome, welcome - happy to have you. I also want to thank you all for putting me back on the the front page on the top trader section. We peaked at 3rd, so pretty happy with that.
I want to show you guys a pattern that has been recurring over and over for the...
We love to see this chart. Looks like ICON just finish it's first price action wave. Which is we think that the bottom is in. Why?
1. Price is back to the level where it was started on the first day it listed on Binance. Under 10k sats is really a bargain.
2. The price action getting closer with the ichimoku cloud, which mean it's getting closer the reversal....
Gann's Law of Vibration chart for EOS - there is an intersection of time and price (red horizontal and vertical lines) that creates a square of price and time. This zone is a POWERFUL rejection against the trend in force, the probability of a reversal at this zone is not only high, but the behavior of the reversal should be a violent move higher.
The daily chart is still intact, the 4H chart is showing consolidation and indecision, bulls will have to take the descending trend line and 7620 to take a shot to test the 7720 level, in the other hand if the bears take the 7420, we can expect price to move to the 7200 area. In the 1H chart for those advanced pattern traders, we have a nice Gartley + an AB=CD...
The current market volatility is beyond my limits and I decided to stay away from it and have some fun.
Yesterday we saw a crazy price action in BTC market and I kicked out of my trades on Binance.
In that time, I kept my eyes on order book and I saw some good stuff there.
Just look at this screen shot:
i.imgur.com
Whales sitting down there to buy cheap...
Analysis
-EURAUD at yearly highs.
-Bearish pinbar reversal closed on daily at resistance.
-All oscillating indicators are in overbought territory. (Candlestick patterns or price always precedes the curl back of oscillators from overbought or oversold conditions to normal conditions)
Trigger
Set pending sell stops on the break of the pinbar candle's lows....
