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Daily BTC 1DChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First of all, we will use the yellow line to mark the downtrend line, which the price has overcome upwards. Now we can move on to marking the places of support in the event of a correction. And here it is worth first to mark the first support at $25965, then we have the second support at $23905, the third support at $22459, and then the fourth support at $20768. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First, we will mark a very strong resistance at $28,794, from which the price bounced several times, but when it comes out higher, we have another very strong resistance at $32,422. As we can see the EMA Cross 10 and 30 indicate an ongoing uptrend. Please pay attention to the CHOP index which indicates that we have a lot of energy for the upcoming move, the MACD indicator indicates entering a local downtrend, while the RSI is in the process of a slight rebound, but there is still room for a deeper correction.
by cryptodailyuk
Tue 22nd November 2022 Daily Forex Charts : 7x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 7x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/CAD Sell, AUD/USD Sell, GBP/JPY Buy, GBP/NZD Buy, USD/CAD Buy, USD/JPY Buy & XAU/USD (Gold) Sell. A few of these are higher risk and there is obviously some correlation here, so be aware of risk % per trade and overall risk. Enjoy the day all. Cheers. Jim
OANDA:XAUUSD
by JAGfx
6
Fri 4th November 2022 AUD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/CAD Sell. I have left the Buy trade on the chart that was stopped out as I need to show my readers this in my weekend YouTube video. So currently only have this new Sell and a partial Sell trade on now. Enjoy the day all. Cheers. Jim
Short
by JAGfx
1
Thu 3rd November 2022 Daily Forex Charts : 5x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 5x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/USD Sell, GBP/CHF Sell, GBP/USD Sell, USD/CAD Buy & USD/JPY Buy. A few of these are high risk and there is obviously some correlation here, so be aware of risk % per trade and overall risk. Enjoy the day all. Cheers. Jim
by JAGfx
10