Hi Traders, We've seen EURUSD breakout of the Ending Diagonal with a bullish impulse wave. An impulsive breakout is quite significant because it simply means that the diagonal pattern is complete and that the market is ready for long positions. We have a gartley pattern which suggests a long entry if price reaches the 1.0974 region. In summary, I'm bullish on...
In this post - I'm going to examine Bitcoin across the board covering the following: 1.Basic Technical Analysis (Trend Lines, Candlestick formations, Moving Averages) 2.Elliot Waves Analysis 3.Marcet cap analysis, Volume Analysis, Fundamental Analysis. 4.Number of short positions (BITFINEX) 5.Number of long positions (BITFINEX) 1.From a Daily chart, we can...
Hi traders, I hope you're all having a good trading week. USDNOK looks like an outstanding buy setup. The pair had a strong selloff landing at the Fibonacci extension expiry zone. After this there was some light buying, and now price action is showing multiple reversal candles. I am expecting that if the pair can break the consolidation it could have a violent...