As BTC is trending down, it might hit resistance around 2300. Will it reverse there or continue down to test 2000 level?
After a few days of maintaining a rapid rise in price, you begin to see small bulls and a first red candle, these are signs of pause or even weakening in the trend.
Hold previous structure. "Last wick standing"... Could imagine break of lower trend line for more downside momentum on $EURUSD.
Shorting GBPYJPY due to it touching the channel edges and challengig EMA 200 (4h) and declined by both. The pair is also being close to fibonacci 50, aswell as RSI7 are near overbought. I will close out the current open position if it reaches above fibonacci 50, and look to enter closer to 61.8 and 76.4. Will place the order SLs above fibonacci 76.4, and TP at...
The Dollar has appreciated as the FED have announced a rate hike as early as March is on the table. Commodity prices have struggled in this environment and hurt the Aussie dollar. I see this pair making a new low as more bears enter the market. This technical set see's a strong downtrend with a pullback failing to close over the 0.61% fib level and downward...
Bearish Development, Breaking Support levels, Standby for EMA200 Short from here.
Momentum is trending down and the market broke to the up side (momentum was against it but there was a wedge), later it broke down in harmony with momentum, momentum has been trending down. It look like AUDUSD is moving down, and there is a chance that it will move quickly in 'harmonic move' fashion. There are many ways how to play this out and some of theme can...