GBPAUD, Long possibilityWe are at a point which we can consider end of a correction (rectangular structure). So, basically what we should do next week is as follows:
1st: We seek for a green candle, which we can consider as a go-long-trigger, on 1h chart in order to open a long position. (or another trigger that you, yourself use in your own trades.)
2nd: The top of our gray rectangular structure is our 1st tp basically. although, there is a good chance that price go through it. you can manage it as you seem fit for yourself.
cheers!
Rectangular
I think bitcoin is in one channel.
I guess many analysts confuse the bitcoin movement within a channel with the triangle pattern.
what is your opinion?
Is the triangle pattern correct or is bitcoin moving within a channel?
Maybe a rectangular pattern is going to be made?
I will be happy to write your opinion in the comments.
DDAIF Rectangular bottomContinuous reversal points in this rectangular formation, will it continue at (5)? MACD looks bearish, however there is a bullish divergence on the MACD. Risky trade.