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GBPUSD down around 1.26000 Situation Currently, the price of the GBPUSD is in a downward trend. the price has gone through a large daily support zone. This zone has been bearish tested between 12 and 14 December. We can now determine that this has become a large resistance zone (red). Price is in S/R zone 1 (orange) at the moment. this zone ends at point 1.26000. This is currently being tested several times and has even been broken once. Now the trend lines are discussed. As you can see, trend line (blue) SR-A (Support-Resistant line A) has been approached several times. You can find these point in the light blue circles. This SR-A has been a very important support line in the past. Price has since risen again but the bulls did not have enough power to raise the price. Because of this the price has dropped again. Now it can be confirmed that SR-A can be seen as a resistance trend line. The SR-B (Support and Resistant line B) trend line (black) has also been approached several times. You can find these points in the gray circles. The price has not been able to pass the trend line since December 6. This will therefore have an important part in our analysis. Expectations I expect the price to reach the top of the S/R zone 1 (price can already fall before reaching this point). It happens in any case when reaching the top of the support and crossing the SR-A line. After this, I expect that resistance will arise around the indicated 1H S/R zone (green) . This will not be a very high one, but I expect a small contribution from the bulls. Hereafter the course will pursue the 4H S/R line (1.24839). Here I also expect a struggle in the price which makes me think that bulls will have an input again. Thereafter I expect the price to drop to S/R zone 2 . This place could be a nice, perhaps temporary TP (Target Profit). * But when the price would rise here, I expect the SR-B trend line to push the price down again. If this is not the case and the SR-B zone is exceeded, the next resistance will be the SR-A trend line . The SR-B then becomes the new support trend line. Despite the possible exceedance of the SR-B , the price will not come quickly beyond the trend line SR-A . Here you can also find the S/R zone 1 . Because this zone is passed in the past, it becomes a resistance zone. If situation 2 is the case then I also expect that S/R zone 2 will be reached. If the analysis is successful, we can confirm the following winnings: TP at point 1.24180 = 165 pips profit You determine the stop-loss place yourself. I would advise to place it above the S/R zone 1 to achieve maximum gains. You can also take a position at the pullbacks in the chart. Stop-loss sizes are determined by your own risk management.
Short
by JvdB99
3
Gbp Jpy ShortPrevious Day's Momentum is Bearish overall. I continue to think there is a need to push lower to fill a large wick @141.15. With this bias in mind i take a top down view to find clarity. Weekly- Support @ 140.52, Resist @143.00. Bearish overall on this chart. Daily- 141.34 seems to be a significant level for Bullish price interaction to the far left. 1 Hour- Double Top w/ multiple interactions @ 142.80 within the previous day. Yesterday, we also saw a failure to break the 141.50 Price level of short term support. I would like to see GBP JPY retrace to the 142.26/37 levels in an impulse before pushing lower to fill 141.15 level lower. At that point, we are likely to see a reversal in Bearish sentiment.
Short
by Fistbumped
Eur Jpy ShortI see the Eur Jpy pair trading lower. My main reasoning comes from yesterday's break of a short term bullish trend. With this, I think we should see weekly momentum look to turn bearish to fill the previous week's liquidity. On a higher timeframe, I see weekly resistance @ 129.050, Support @ 128.00. When going lower, I see that daily is in some sort of a consolidation. A break in either direction over the daily resistance/support zones will likely be violent. When I drop down to a lower timeframe of 15 minutes,I notice that the previous two days have failed to break the 129.00 Figure. Overall, previous day's momentum for the pair is bearish. With this in mind, I would like to see a break of the 128.00 zone to push lower. My targets for tomorrow would be arrive from an impulse retracement to the 128.70/75 Levels. These were divined from a fibbonaci retracement of the previous day's highest and lowest points. I don't expect the minor zone of 128.2 to hold for much longer. Possible long term targets for my bias would be 127.8, 127.63 to fill historical demand orders.
Short
by Fistbumped
Nov 20 - Bitcoin resistance/support levels & buy/sell zonesSo, we're definitely NOT going sideways anymore :') The whole Bitcoin Cash fiasco and the overly hyped Bakkt postponing their Bitcoin-backed Futures release date to January 24th, which reeks of massive market manipulation! To me it seems that big money is pushing the prices lower as to buy in cheap. Bakkt as well can stockpile their Bitcoin reserves to back future orders. Too much coincidences here, for my taste. Hard to say anything at this point. We can expect a further drop towards 3k/2k8 levels or bounced back to previous support levels. The drop down might have elongated the duration of the bear market period significantly. Some people are still bullish on end-of-year highs, but we should maybe prepared for a bearish 2019. However, things can move fast in the crypto scene, so maybe we do see bullish signs in the first months of 2019.
BITSTAMP:BTCUSD
by CommanderCrypto
DRIP TOO HARD #BLUE BEANZYo what is good everyone back at it again with another chart and I still have a 100% win rate so far and IM NOT ABOUT TO LOSE NOW! As you can see the black line indicates where my live entry is the one hour time frame gave me enough confirmation for me to take a buy on this pair even when I look back on the daily it looks like a reversal is about to occur and also the fact that GBP have a explosive bull rally on other pairs makes me believe its time to buy against the aussie dollar. Anyways this in your hands now do what you will you can follow or don't just know I DRIP WAY TOO HARD in these kinds of markets making too much beanz and im still hungry LETS GET IT. DISCLAIMER AS ADVISED Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.
Long
by Tvision
THE CLIMB TO BLUE BEANZWas good everyone this is my first chart idea that I'm publishing I have been low key making too much bread on the sidelines lately and I wanted to enlighten you kids on how I make these blue beanz with a 100% win rate. So as you can see here we have four zones and each one have enough spacing to make huge gains with good ass swings so when it passes the zone you know what to do its in your hands I legit have a 100% win rate NEVER LOST A TRADE once yet. Ill be making more charts in the future to help out I'm just getting started its go time. DISCLAIMER AS ADVISED Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
by Tvision
Nov 1 - Bitcoin resistance/support levels & buy/sell zonesStill going sideways. The cryptocurrency market almost seems to be more stable than the traditional markets these days. A breakout still seems to be imminent. Breakouts well above 6k5 to 6k7 levels (along the wedge pattern) would definitely be bullish sign. However, that move would still need to be confirmed by a higher high around 8k2, before it can be considered a move into a bull market. A breakout below 6k levels, might force the price of Bitcoin to fall further. At current levels, I still think there seems to be little room to go down much more, but be prepared for a drop below 5k8 towards 4k4.
BITSTAMP:BTCUSD
by CommanderCrypto
HOT has three well-defined price sectors for the EOY 2018I see three well-defined sectors that we could move into over the next 8-10 weeks or so. This can be defined by the strongest support and resistance lines of this tiny data sample. However, adding up this data with the Bitrex exchange chart gives me the idea that we are in general going through a sideways trend. I have not done a full analysis by any means, and I would love to hear your advice/suggestions/criticisms of my technical analysis, keeping in mind I'm aware of the lack of accuracy from using such a short time-frame of financial data as I am. Cheers and happy trading!
H
by lysergik
12
Oct 2 - Bitcoin resistance/support levels & buy/sell zonesThe sideway movement should soon be coming to an end. A breakout is imminent, but in which direction will it be? Breakouts well above 6k9 to 6k7 levels (along the wedge pattern) would definitely be bullish sign. However, that move would still need to be confirmed by a higher high around 8k2, before it can be considered a move into a bull market. On the other hand, a breakout below 6k1 levels, might force the price of Bitcoin to fall further. Watch out for potential bear traps though. In my opinion, at current levels, there seems to be little room to go down much more. However, the recent insolvency situation around Tether's former bank Noble and the lack of transparency with Tether regarding being backed by actual reserves, may still cause a lot of disruption in the market, if things turn out to be bad.
BITFINEX:BTCUSD
by CommanderCrypto
Aug 23 - Bitcoin resistance/support levels & buy/sell zonesAfter seeing no significant bearish moves after the ETF rejections today by the SEC and some short-squeeze manipulation that also seemed to have failed yesterday, it seems like most (remaining) players in the market are in it for the long haul and are not that much influenced by FUD or FOMO. I personally feel like we pretty much reached the bottom. There might still be some moves downward to the 5k8 levels, but as long as we stay above those, Bitcoin might start to climb up again. If we significantly fall below these levels, fear might kick in again and we may see prices drop towards 4k4 levels, but I doubt we will make a drop that far. What are your thoughts?
BITFINEX:BTCUSD
by CommanderCrypto
AT&T INC Levels and Zones to watch! I have finally decided to chart AT&T. Looking for a deeper pull back into the 618 at the 27-29 range. We have momentum slowly turning positive, with some buy signals stacking. Were at the bottom of the bolly band with the failed false breakout of 3 years back into its proper wedge. Lets see what happens. Dividends for all! I want everyone to win! Happy trading, debating and speculating! FOLLOW me for updates, and check out my other charts, which have been 100% accurate.
NYSE:T
by ToddGreen