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EURNZD Long confirmation for MN Good day traders, The EURNZD has given us a signal clear as day. What to consider is that we are currently trading in a bullish ascending triangle, the resistance of our ascending triangle is above our resistance cluster, we have currently broken out of our resistance cluster and to top it all off we spotted a bearish ABCD pattern that is on it's way to get completed. We will now long the EURNZD to take our profits at 2.18774 Please share your thoughts. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Long
by Mezzoforte_Privilege
2
EURUSD testing a monthly trendline (Monthly/Weekly)🦐 On the monthly chart (left side) EURUSD creat again a retracement till the 0.618 fib level as it happpen already previously. The market anyway didnt create new lows before the retracement. Price now is approaching the monthly discending trendline and we can expect 2 different scenarios. On the weekly chart the price could break above the trendline (purple) and consequently the weekly resistance zone. In that case at the retest of it we will check for a long position according with our strategy. We can also see that the market never went to look for a retracement in almost 8 weeks In that case if the market will break below the weekly support we can set a short order looking for a retracement till at least the 0.382 of the previous leg. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
by InkyGrip
EURJPY on a crucial monthly resistance 🦐EURJPY on the monthly chart has approached the monthly descending trend line. Market has been in a descending trend inside a descending channel from Jan 2018 till it created a double bottom on a monthly structure. On the weekly chart the market in June broke and retested the channel with a retracement till the 0.5 fib level before continuing the uptrend move. Now we can expect the market to bounce between the weekly support and the monthly trend line with some false break out happen. Only at a clear break of the trend line we could look for a long position, on the other hand if the market will. clearly break below the weekly structure we could look for a short position. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
by InkyGrip
1
Bitcoin Elliot wave analysis (Monthly outlook)In the chart I drove Elliot wave count on Monthly timeframe. If wave count turns out to be correct, we might be in wave 4 at the moment. Strong support could be seen only at 1200-1400$ range. If you look closely, we are forming U shape temporary bottom. Looking at MACD (-777.014) we might also see it bottoming out. Looking from psychological perspective it would also make sense to have a huge swing in BTC price action. If we indeed are slowly climbing towards 6k(ish), Fear of missing out would kick in and a lot of bulls could be trapped on the way up. Moreover, we would have enough energy to pierce through 2018 December low and land on Monthly support, which could be seen in chart. I know it's a long way to go and we need to brake many levels before we could see 5800-6100$ Anyway, this is my take on Monthly Bitcoin price action. Trade safely, good luck! BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by Patrikas10
2