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Bounce

EUR/GBP REVERSAL | INVERTED H&S / DOUBLE BOTTOMNOTE: The following extends my earlier post on EUR/GBP. Please refer to it in addition to this post; attached below as a related idea. Inverted H&S - Right Shoulder Forming Double Bottom Still Holding As The Local Low Targeting The 61.8% Fibonacci Retracement Level Macro-Economic Analysis - Further Downside Expected, Thus A Rise In EUR/GBP VERDICT: Cycle low is in and forecasting movement to the upside. Targeting the 61.8% retracement level.
Long
by JayanVarsani
EURJPY Long oportunity - Bounce upFX:EURJPY EURJPY reaching the end of the pattern. It is now trading next to an important support range showing signs of weakness it will possibly bound on this zone and go long with 4 different level targets to get your profit - MACD and RSI diverge on the weekly chart Next week we should see this shorting towards the 116.292 support line and the beginning on the bounce aiming for our first take profit level 118.410 Keep the eyes open for the bounce and enjoy the ride :)
Long
by Hybriss
EURCAD -Here on EURCAD i see a perfect market structure where with the help of the RSI, i see that bulls are tired to defend the support and this we see on RSI that bears are ready and willing to push the price further down. -After this analysis in my opinion bears will break the support the next time the price gets there because on RSI we can see some divergence that shows that bears are aggressively selling and the lack of power from the bulls will lead to an inevitable breakout to the downside. -Wait for the price to get to the red zone for a perfect entry. -CryptonikLion
Short
by CryptonikLion
SPX500 - Will this be the top of the Dead Cat Bounce?Looking at the SPX500 Futures: 1. Looks like we could be at the top of a Dead Cat Bounce 2. If this is not the top, a potential tap off the 200 EMA would be where I would expect it to dump Fundamentally due to covid and the world being under house arrest, I would not expect markets to continue to rally and I am bearish as you can be on a Macro Level. Technically this is presenting a great short opportunity on open. I will go in with 50% of my position around where we are when we open, the other 50% I will add at the 200EMA and set a stop above it with room for a wick just in case. Trade, Chart, Learn, Repeat Coach K
OANDA:SPX500USDShort
by Joel_CoachK
15
SPY - MAGIC SUPPORT/RESISTANCE level - Market will STOP thereHello traders, after Easter, we share another educational video. Today´s topic is focused on drawing support and resistance levels. Many traders draw LINES and they think the market will bounce exactly from that level. The truth is, you can never do that . Instead, it´s better to understand the S/R level as a zone WHERE you can EXPECT some activity. Nobody cares if the market breaks the trend-line by few points. What really matters is if the breakout was respected or not. The example is explained in the AMEX:SPY market, which is very well known but you can use this logic in any market. Have good trading. FINEIGHT team
AMEX:SPYEducation
by Fineight
4
Inverted Dead Cat BounceAnalysis on BTCUSD with the pattern Inverted Dead Cat Bounce, that happens after a Dead Cat Bounce. Price rises more than 15% in one day after a downtrend, showing a 4 weeks possible scenario. At the end of this period, there would have some opportunities to buy again. Sell on the 1-2 day of the event. A White Spinning Top candle pattern appeared at the start of the second week of the event, with high wicks on top and bottom of the candle, showing indecision.
COINBASE:BTCUSD
by ThiagoSchmitz
2
BTC's most controversial valuesWell lads, we have found ourselves in the great pinch of 2018. That first place after the big one, where BTC took a good look above, double digit thousands and beyond, and decided: nope. But alas, here we are again. Who knows. Maybe we will hit a hard ceiling and fall back to argue over the dirty recession 3K's like animals. There's already a tasty wick that has traversed our swing pattern. or, maybe not. Who knows screw you btc istillloveyoutho quarantine on
COINBASE:BTCUSD
by BingoMoney