CADILA HEALTH CADILA HEALTH Rising patter RED are target for INTRADAY or BTST Trade on Your own RISK N REWARD
Risingpattern
Rising Trendline Breakouts often fails!!!Right now BITCOIN is breaking out above the rising trendline and that could be very risky. If we can hold a weekly candle above the trendline then i can say Bulls are very much in control, but if we go under the trendline and close the weekly candle then bears are in control.
The content covered in this chart is NOT to be considered as investment advice. I’m NOT a financial adviser. These are my own personal and speculative opinions, ideas, theories, charts, technical analysis (TA), insights, and price predictions. The technical analysis in this chart is completely speculative and does NOT guarantee any specific result or profit.
EUR GBP - channel - potential to breakHello traders and analysts,
Here is our take on EUR GBP
COT report:
Long Short Total %Long %Short
GBP 31,267 45,396 76,663 42% 58%
Euro 174,258 86,043 260,301 67% 33%
Technicals:
We have a good opportunity here to break the trendline as the top of the channel was rejected
However - weekly level has not been tested, so we still have an opportunity for a false break and back up.
Rising wedge is forming - where price can reject from the top.
for this trade however we are in short.
Add buy positions if a fakeout of the channel occurs as the channel will create a lower high.
Fundamentals
Coronavirus in the EU and UK - both showing cases in respective countries,
Euro stimulus package has not been agreed so can show signs of strength of GBP if this fails to transpire.
Brexit talks - will send the pound with huge strength once a deal is reached - inverse will send EUR to almost parity if talks end and no deal is reached
Keep a watch for manufacturing orders in Germany and any causes for concern within France, Italy, Germany and Spain which can drag data components down.
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Aion crash or Aion moon from Bitcoin sell off?Is Aion going to fall into the Abyss or Moon because of BTC sell-off...
At the moment it looks like we are in a Bear Flag but with Bitcoin in a Descending Triangle are we in for some profits?
What's your opinion?
AUDCHF Rising and falling channelsJust an example of how channel form and what to expect!
trade well
OMFOREXHELP
STAFF
audnzd rising wedge shortrising wedge has occured so price is going to look short after the market opens.
