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USD/CHF: Super bullish but what's next? (HUGE potential) Hi guys, The pair is currently in the hands of bulls which are in full control. As you can see, the price managed to break the current structure (a bullish pattern H/HH/HH, L/HL/HL) and is now somehow consolidating a little bit. I will be waiting for a pullback at previous HH levels (around 1.01500) and will buy it as soon as I see a bullish candlestick. My target will be the 200% fib retracement which is also Dec 2016 previous tops. The potential of this trade is huge, about 200 pips if the pair is willing to pullback ! This idea is for educational purpose only. Trade at your own risk. Feel free to like/Comment my ideas! Trade with care. Jesse
Long
by SwissPips
4
Neo Price Analysis: Breakout Below Bullish Chart Pattern! Conclusion for today’s Neo technical analysis: The minimum expectation for the price of Neo is 6.27 Neo price chart used for today’s analysis is the 4 hour timeframe with coverage of over 4 months of price from December 07, 2018 to current date. The bullish swing that arose in Neo from a price low of $5.50 on December 15, 2018 is tracked here using the 50 moving average (MA) and the 200 MA. The use of a bullish price channel also provides the benefit of putting price action in perspective and also projection that can be used for Neo price prediction. The last attempt at breaking the channel is shown by the farthest ellipse on the upper boundary of the bullish channel. This occurred between April 03 and April 06, 2019 with new Neo coin reaching a price peak of 14.06 before prices turned downwards. A break below the bullish channel implies an increase in bearish strength. Also adding to the current bias is the 4hr timeframe candle closing below both moving averages (200 and 50). The width of the channel (11.48 minus 7.20 = 4.28) is drawn so as to use it estimation of the minimum magnitude of the current bearish strength in Neo. The width of the channel is basically projected onto the breakout point below the channel, which is ~10.55. Neo coin can therefore be expected to sell off to at least (10.55 minus 4.28 = 6.27) as a minimum expectation.
BITFINEX:NEOUSDShort
by Coin_Analyst
2
EURGBP Analysis: Bullish Chart Pattern Conclusion for today’s EURGBP Analysis: Price closing above 0.86758 implies continuation of the bullish price swing from 0.84719. EUR GBP analysis for today is carried out on a 6 hour timeframe candle stick chart, with major attention drawn to price action between February 27, 2019 and April 16, 2019. The duration mentioned above saw the EUR GBP form a major bottom reversal pattern referred to as complex, inverted head and shoulders (or a head and shoulders bottom). It is referred to as “complex” due to the presence of more than one right shoulder (RS) in this case. The implications of the complex, inverted head and shoulder are the same as that of a regular head and shoulder bottom. The bearish trendline drawn on the chart also helps provide the neckline for the bullish pattern. Confirmation of the pattern occurred with price closing above the neckline on April 16, 2019 with the EURGBP currently consolidating above the chart pattern. The width of the pattern estimated as the y-axis (price) distance from the neckline to the Head (H) of the pattern can be measured and then projected on to the break out point. This provides the minimum expectation of a bullish price swing in the EUR GBP. Also shown on the chart is the 50 moving average and 200 moving average, with the former crossing over the latter to the upside. This is also argues for a bullish bias in the EUR GBP in conjunction with the chart pattern that is already confirmed. Conservative strategies involve going long once and if price retraces back to its neckline and consolidates. Even more conservative is to buy on a breakout above 0.86758. Use of the complex, inverted head and shoulders pattern to initiate a long (buy) position automatically implies using the price low of the head of the pattern as a stop loss i.e. the EURGBP must not close below 0.84719.
Long
by Coin_Analyst
USDCHF Short - Monster shortUSDCHF Short - From the prior swing low on January 10th to the current swing (and multiyear) high is a 99-day move. This is exactly in line with Gann’s 90-day cycle of the inner year – a powerful reversal cycle. - There is a square of price and time at 1.0156 on the date of April 25th. Because we are more than halfway through the current time pivots, the April 25th pivot is appropriate to expect a reaction off the square of price and time. - Parabolic rise over exactly 30 days. - Highest Composite Index reading since November of 2016, highest RSI reading since May of 2018 – Extreme overbought conditions. - Below average daily volume over the past 17 trading days. - Full Moon appears on April 19th - the USDCHF is hypersensitive to selloffs when it is trading at or near short/longterm swing highs. Massive conditions for taking heavy shorts here.
Short
by itsjustanalysis
2
GBPUSD - Descending Triangle Breakout ImminentProbable scenario: - Probable GBPUSD breaks to the downside. - Descending triangle - Bearish divergence on stochastics (lower highs on stochastics vs higher lows on candles) There are 2 main potential trade setups: 1) On break of the small uptrend line, targeting the bottom area of the triangle 2) On break of the descending triangle, targeting next support Alternative scenario: - If GBPUSD manages to break to the upside, target next resistance. Happy trading
Short
by Elemont