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Correctiondone

massive inverse H&S on BTCThe correction may very well be over. Markets often bottom on bad news and it seems that bitcoin bottomed when China made its announcement of cracking down on mining. Ever since then BTCUSD has been on a gradual uptrend with lots of positive headlines and widespread adoption becoming more commonplace along with the past-due recognition that Bitcoin incentives renewable energy. Bitcoin empowers those that have been left behind by the traditional financial system. Waiting for confirmation of the trend with the neckline being broken. The pattern is very bullish & is accompanied by a bullish MACD cross and a pass of the test at 50 RSI. It has plenty of room to its 4H200 MA.
COINBASE:BTCUSDLong
by EBITDAtiger
4
ORBEX: DXY Looking Impulsively Bearish After Golden RetracementThe US Index correction up to the 61.80% Fibonacci retracement of minor waves 1-3 missed the 98.66 low of wave 1. This means that the current structure can be still considered impulsive. With bears pushing prices down sharply, the chances of reaching fresh lows for the completion of minor wave 5 are increasing. This scenario could be validated below minor 3's low at 97.10. Should that be the case, the index could extend its losses anywhere down between 95.50 and 96.34! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
TVC:DXY
by Orbex
ORBEX: Correction Could Have Ended At 1.2767 Low! What Then?GBPUSD could have ended the wave minor 4 correction at 1.2768 Nov 8 low. This scenario sees the current structure as impulsive with minute waves 1,2 and 3 (perhaps 4 too) completed. In case prices slide below 1.2886 we could see the end of minuette wave a, then receive a b and c lower as part of an a,b,c zigzag. However, if prices break above 1.2940 the chances that we will see minute wave 5 creating fresh highs could increase. This could be followed by a minute correction a,b,c, and then another bullish impulse to complete minor wave 5 (intermediate wave 3). Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Long
by Orbex
ORBEX: USDJPY, GBPUSD: Tradewars, Brexitwars! What Next?In today's #marketinsights video recording I analyse #usdjpy and #gbpusd USDJPY affected by: - China announcing ready for a partial deal - Fed Chair not as dovish, and expected to remain the case today - US troops withdrawal from Turkey-Syria borders (perhaps to distract from impeachment inquiry?) But with Thursday's talks resuming and Trump blacklisting Chinese entities this could change rapidly! GBPUSD affected by: - Lord Pentland ruling out the need to extend withdrawal from EU - Increasing chances of hard Brexit -now over 60% Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
1
USD/JPY Long Setup USD/JPY couldn't break the monthly support of 112.02 convincingly, hence a reversal in momentum following the rejection of this level. Price structure has been broken as the consolidation zone and both the EMAs have been taken out as the previous candlestick has closed above on the H4, enticing a strong bullish move. The 61.8 fibonacci retracement has been fulfilled on the daily timeframe which suggests that this pair can now continue to the upside once again. The previous bearish move was a well due correction and now we can see this pair fly back to 114.00 and beyond. 165 pips target with a 80 pips stop loss.
Long
by Shivam_93