#EURGBP possible bearish moveAs depicted in the chart, the EURGBP pair is within a long-term bearish channel and is nearing its upper boundary, where it may face downward pressure.
Additionally, the price is currently trading at a significant resistance level that it failed to breach in its last attempt, suggesting a potential failure to break through again this time.
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Staticresistance
Buy Some New Shorts Pt. 2
Simple analysis here. The VIX is closing in on strong dynamic and static support.
Buy volatility, sell/short high-risk assets (1-6 month timeframe).
No change in my intermediate and long-term thesis. Still early innings of a bear market. Market conditions are steadily worsening.
Looking for a move in VIX to the static resistance level of 35.8 in the coming months.
Good luck! This is not financial advice.
Almost best time to exit some of my short positions on CADJPY Consolidations of 7th and 8th of SEP were best signs of changing in direction of CADJPY.
Bulls lost their strong level of 108.95 and all so many of their supporters , including me, change their side.
If you are in short position take this pair under observation! there might be some struggles to go down further.
MA100 might play a strong role as a dynamic resistance.
I have two shorting scenarios.
1st one: in case of breaking 108.5 up there might shadows of 4H candle may go through the MA25.
Those reversals may be caught by CCI25 of 4H over 100 or 150. de-validation of this setup is breaking the bearish channel to the top
2nd one: in case of breaking MA100 successfully, it may be a chance of reversal to the bottom of the channel.
BTC is at confluence point of four resistances !BTC is going to fight with 4 resistances simultaneously ! Is it able to win the battle? Lets follow.
As shown on the chart, resistances are :
1. Major down trend line
2. 100 days moving average
3. Minor static resistance
4. minor dynamic resistance
Order of numbers shows importance of resistances with 1 being the most and 4 the least.
Do you think BTC can break out all these resistances? We have to be open minded but I think it needs a very strong trigger (if it can find any) to be able to survive this battle.
Good luck everybody