Neutral
EUR/JPY - Wait for BreakMonthly:
1. Very strong push to the upside after break
2. The price now face stron resistance
Looks Neutral for now
Weekly:
1. Double Top
2. Break of strong support level
3. Neckline test with rejection
Looks bearish for the moment.
If see bearish signals on lower timeframe
i will sell.
Daily:
1. Morning star formation from the bottom
2. Inverted Head and Shoulders pattern
Inverted Head and Shoulders pattern is trend
reversal structure so I will watch carefully what
will happend next week.
4H:
1. Inverted Head and Shoulders
If brake up will be good chance for buy
when pullback for test.
If brake down will be good chance to sell
when pullback for test.
Worrying BTC chartBTC has been ranging 30-60k for almost a year now. Currently it has tested weekly support in low 30s about 10 times! We can say currently 30k is old 6k where we had established multi month support previously and we know what happened when it broke.. This weekly candle looks pretty bad is it retraced almost whole move. Having that said, still best bet is in low 30k's hoping that support will hold once again. The question is are buyers are going to step in and buy this support that has been tested so many times..
Symmetry USDJPY. Head And ShouldersAmazing symmetry of the Head and Shoulders pattern played out in USDJPY. Of course we were prepared to see what we are seeing.
Going forward I can not remain bearish on the USD since in 2008 the USD was the flight to safety currency and the JPY collapsed.
Nevertheless it is a joy to be right. LOL!
BTC Three scenarious I am watching at!Hey, you dont have to do a trade now and fomo in you can also just take some time and watch out at what is going to happen don't be scared to miss out something. There are a lot of oppurtunities you can take advantage of. What I had to learn was not fomo in something just because it went up. A lot of people that were bearish saying BTC will go down to 20k are now super bullish just stay neutral without emotions. Observe the market because everything can happen, if you think like that you will see what is really there and not what you want to see. I am still learning to get better at it.
Let me know what your scenarious are.
EURUSD POTENTIAL DONWFALLON approval of DOUBLE TOP on 1-DAY (1D) time frame we expect the value to go DOWN.
Bear in mind this is not a financial advice to take in, rather an expert option to rely on. Put accurate stop loss and tp ur gain it.
Ifu find it helpful please give review. Thanks, happy trading guys.
BTC Update - what's going on? Confluence appears...The latest "bull" move seems to have topped out at a nice confluence. Hindsight is 2020.... too. 2022...
Confluence:
- 1.618 extension off the low.
- 382 retracement of the bear move from 69k to 32k
- 12 Week EMA
- What about the 200 day MA?
I'm starting to feel bull, but we'll need to see this retrace with a proper bounce. Lots of indicators suggest an uptrend regardless if it is bull or a dead cat bounce. If we're lucky we'll retrace the bear move to 786 and get some nice bear entries after enjoying a nice bull rally. My count remains topped out at 69k, while some suggest 100k.
I'm willing to compromise at 75k based on some previous analysis but not 100k... let's see! :)