NCASH near squeeze point, oversold, accumulation/MACD shiftingIndicators and buying behavior tells me this one should be heading north once it breaks its wedge pattern. I'm expecting a healthy jump with the amplitude determined by the influx of volume. Should be a solid gain once (if) it gains enough momentum. Buy until 410, stop loss at 370
Break
Bitcoin: BTCUSD Bad Friday turns Good on break above 7316 Bitcoin Good Friday?
Some spectacular price action overnight with a massive
counter rally from lows at 6630.
No obvious reason for this rally either. No imaginary Fibo, no
trend-line, nothing.
It looks untrustworthy and has rallied to the spot where it
should stop and fall away again at 7316.
If still short can stay that way with stops above 7316 for now.
The only way this can flip back to positive from here is by
breaking above 7316 and holding (if we see this happen later
on at any point we have to flip back to long once 7551 is
broken to upside using stops at least 50 points lower).
Until that happens this is a counter-rally in the downtrend and
we can stay short looking for 6000-5879 range on Coinbase
feed. Lower stop on short to 7110 to trap in profit now.
Be ready on upside in case a FUD free weekend starts a bigger
rally from 7316.
SHORT GBPUSD BREAKOUT CHANNELPrice has broken from upward trend line so we could be in for some downside movement in the descending channel. Wait for confirmation and more bearish price action before entry, we have highlighted our area of interest.
EURUSD Break retestEUR USD long, break and retest from 4 Hour trend line.
Technical analysis, any news going to ruin this?
AUDCHF 4HAfter a bounce off a daily demand zone 0.72500 area, price has gone bullish & has been making higher highs & lows. Price now came back to retest broken resistance as new support, where we could see a new higher high coming shortly..
USDCAD 2HAfter a bearish reaction off daily resistance, price managed to close below 1.29100 support. To end off last week, price close below consolidation & trendline to the downside, where I will be watching for a pullback retest & reversal candlestick pattern for entry..
EURAUD 4HPrice broke back into the consolidation range after the ECB conference the other day. Price now sitting at the 200 EMA, where we could see a potential pullback before a continuation to the downside..
AUDNZD 4HBreakout of supply area, now watching for a retest rejection for longs up to daily resistance.
CADCHF 4HPrice broke above a strong area of resistance with a bullish engulfing candle. Watching for a retest of this zone & potential reversal candlestick for entry..
Bitcoin Double Top - FAKE Dear Brothers and sisters. This is only my opinion
Maybe this is fake double top.
Whales dumped
Comment below your opinion.
Break of triangle indicates buy or sellOn the break of this triangle and above the previous high we will go long.
on the other hand if this pair breaks below the triangle I will go for a short below the previous low.
I am relying mostly on price action and chart patterns for this trade
EURAUD 4HPrice making a higher low now after a strong bullish break to the upside out of consolidation.. Should have a solid buy setup coming up on this pair
DXY 4HAfter price made a fakeout to the upside, leading with a strong bearish engulfing. Price as I mentioned was in consolidation yesterday & happened to break to the downside, moving dollar pairs south last night. Price is now heading back to weekly support 88.60 where I will watch for a rejection or bounce back to the upside.
moving towards a major make-or-break pointafter the last rejection from the downtrend lin, we now move towards a major make-or-break point.
If we break the downtrend we could see return to the 61.8 % mark, otherwise a fallback to 50% mark is very likely.
As always: No financial advice, just some ideas!
USDJPY 2HAt an area of minor resistance, where I will watch for a reversal candle stick or break of the counter trendline for entry ..
EURUSD 4HDepending on how this daily candle closes, price may make a pullback to the broken supply zone for a retest, & continue up from there to potentially Make new highs soon as well.
USDJPY 4HSo the downtrend continues.. Price breaking a strong zone to the downside rejecting off both moving averages, now I will be watching for a potential pullback or reversal candlestick pattern to the green zone price is below now.
Have a good weekend!
USDCAD DailyPrice came up to test the 1.30000 region quickly pushing back down 130 pips back below 1.29200 Key level. A lot of important CAD data tomorrow could see a return of bears on this pair.
GBPUSD DailyLooks like price is making another potential flag pattern, & I will be watching for a break & retest of the counter trendline for price to potentially see new highs soon..
