Waiting For Break Above Resistance On XAU/USD XAU/USD is currently on a strong bearish trend which has lasted since April this year, a strong break above 1686.88 may signal a bullish correction.
Bullishrecovery
GBP/AUD Bullish RecoveryGBP/AUD is currently in a bullish recovery after a strong down trend, we are currently seeing signs of a reversal considering current price action let's monitor price reaction closely to see where the market takes us.
EPS/USDT Update: Bullish Head and Shoulder. 800% recoveryEllipsis still has a hard time recovering after this huge pullback starting with its Binance listing.
We give it another shot looking at the bullish Head and Shoulders.
There is a small breakout below the 0.6 Fib which could be considered as a beartrap if we move higher.
Our target still is 16$.
It's a matter of time, so be patient.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
