Shortsignal
EUR/USD: Triple Tops With +470 Pips Target Ready To Enter Now This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Short Signal; Bitcoin is into the descedent triangle: Sell zone
In this analysis, Bitcoin has formed a descedent triangle that you can get it in H1 timeframe, so that siganl is so bearish.
So, I am go to short position as i knowed, because Bitcoin is formed a higher lower in the lower trend line.
Now, in H4 timeframe I detect a strong resistance at above of $11,900 USD, that mean a possible short position because in H1 timeframe I detect a sell, and H4 its formed it a possible sell at $!1,300 USD, because as we are in the high level ,we could see a Bitcoin drop in these level to complete the Elliot Wave # E.
Now, we need to be cautelous if Bitcoin break down or break up n this target, because, the highly probability is that Bitcoin is going to make a consolidated above of $10,400 USD and below of $12,000 USD, in these prices ranges.
EUR USD ::: SHORTDATE: 02 AUG 2020
INSTRUMENT: EURUSD
TIME FRAME: 4 HR
CONFIRMATION TIME FRAME: DAY.
CMP:1.17754
PSAR: BEARISH.
STOCHASTICS: BEARISH.
SELL BELOW: 1.17620
STOP LOSS: 1.18054
TARGET: 1.15416.
RISK DISCLOSURE :
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.