EUR/USD - Double bottom formation at our marked key level The euro continues to resist dollar bulls by holding this level.
Long wicks to the downside in recent price on the 4HR show bulls trying to push price down and break this level but failing.
Can see price might trade in this 50 pip range for the rest of the week. However, be ready to adapt your directional bias if we see a price break down through this level.
Happy Trading folks!
Keylevel
BTC Hourly Updatewe had really nice correction for Bat Pattern as i mentioned at the previous BTC Update. After that we see that price is trying to recover itself again.
as you see we have also symmetrical triangle pattern too. there is two strong key level around 40K and 30K which act significantly as support and resistance.
and two vital level as i mentioned as blue are very important in the chart that need to hold.
there is two possibility for price action:
1: going up to the key level, make a double top and start to falling down or break out from triangle and falling down
2:going up and stabilize above the key level and going to hit new ATH
what do you think?
Can we touch XTZ ATH in Weeks?we see very good rejection with long shadow from lower Ascending channel
and also strong weekly support at the same time, before the touch of channel
we have had many rejections from key level which make it more stronger.
after the powerful rejection, we see a green shouting star and then good
momentum with great engulfing candle as you see. with all of this signs i am
hopeful that we can touch ATH in few weeks and maybe great break out
to the new ATH .
XLM - Neutral/Bullish - possible long or dip?XLM is currently at a key level. If we can hold this level we are at least good for the time being in my opinion. I am currently neutral as I think there could be an apportunity for a long or a short here. After last ATH bulls found fairly strong resistance at .382 fib and equally strong support at .5 fib and we are currently hovering above the previous resistance, if this can hold as support (which over the past 2 days has done) then I think we are good to retest the $0.40 but may find some resistance along the way around $0.30 - $0.35 (.236 fib) If we can hold then its onwards and upwards IMO.
However, we went for a brief try at the .5 fib but bounced back almost up to .236 within a day so if the current level breaks downwards then I would expect the next support at around $0.18 ....... I think there may even be some sideways movement so for now I am monitoring this.
Rememeber, always DYOR and I am not a financial advisor and this is not financial advice. I am just a normal guy documenting my way through the Cryptosphere and learning along the way.
EURGBP LONG - Price is testing key support levelPrice is testing a key supply and demand level on the daily timeframe and has been moving correctively in a descending channel for a few weeks now. The market has now tested this area twice recently on the H4 timeframe and is showing signs of holding. If the market holds at this level, we could finally see a swing to the upside, breaking out of the descending channel and ending the corrective movement we have been having for EURGBP to see a test of a key daily resistance level above.
SHORT EUR/USD.SHORT EUR/USD, ***IF there is a clear rejection around the 38,20% level of the fibonacci, wich is on a daily key level. The market broke a channel and is now retesting a daily resistance. Also, there is a divergence in the market (pink channel and line on the RSI), wich indicates a possible move to the downside. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
AUD-CHF Will Fall From Resistance. Sell!
Hello, Traders!
AUD-CHF reached a horizontal key level
And demonstrated a nice bearish reaction
While moving in a rising channel
The resistance ahead is strong
Therefore, I think the pair will go down
To retest the rising support
But potentially, even lower levels
If the bullish impulse is over
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See other ideas below too!
GOLD --15m analysis-- Double topPrice made a perfect double top as a fake out of trendline
and break it with perfect candle
gives us good signal for sell to lower levels on gold.
R/R 1:11
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a little risky because down trend is not confirmed yet
use risk management
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If you liked the idea click like and follow to see more upcoming updates.
I'll be glad to know your opinion in the comments.
This is just a bit of financial advice, do your own research too.
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GOLD --4H analysis--Here is bearish signals on 4H TF like daily TF.
Price is making head and shoulder.
If price goes below 1830 we can see lower targets.
P will share 1H analysis in next post for entry signals.
Follow me to do not miss the trade!
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It will be amazing to share your thoughts and comment about gold here!
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If you liked the idea click like and follow to see more upcoming updates.
I'll be glad to know your opinion in the comments.
This is just a bit of financial advice, do your own research too.
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It's based on top down analysis
BTCUSD Buy + new key levelHello Traders!
Btcusd failed to break the key level then pushed back up after that it tested The key level and now I am expecting it to go for the 19700 target. There is also a MACD cross above this key level.
Look for sell from the target area
Hit the like button if you like the idea