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BTCCNY End of the flag shape adjustment?A different view of a friend? Hope to get your opinion. Perhaps this is a "flag" adjustment. At the same time, I believe that it's over, from the trading volume decreased but the price is not expected to decline, and full of would fall in the atmosphere. All this is brought about by the triangle shaped resistance wire. But I believe, here. Has begun a new market. Because the wave 1, people usually here lost direction, like now, all put graphics ubiquitous, when new funds to enter, 3 waves bring the huge expansion, probably woke up.
BLong
by justwin
Dawn of Lucrative Channel(/trend) USD/CADBases: Fib. confluence with structure, Stoch RSI, Robust Trendline, momentum building, Stoch RSI14,14 2.92 on weekly chart. There was a channel, which was broken and stopped by a strong leg, but the trend is continuing, and after analyzing this chart, I think that it will form another channel. At the Level 1.06374 there is a lot of structure which is likely to not let the price fall below 1.0614, there also is the trend line and previous channels resistance line (good indicator for take profit orders) which is directing price up if criteria is fulfilled. IF ( EUR/USD = 1.0634 ) & forms a double or triple bottom making more resistance & if US Nonfarm Payrolls and US Unemployment Rate come out negative. ---> THEN i will go long and place my tp (take profit) order and sl (stop lose) order as can be seen in the screenshoot.
Long
by Wizard