Wait for the breakout or break down, however, I'm waiting for breakdown.
Flag pattern has been broken already, now just enjoy the bull run.
USDJPY is making a perfect rising wedge, which is a sign of bearish trend.
in 1 hour tine frame, its moving downward to meet the lower trend line while in daily time frame its respecting these both trend lines. Meaning that this pair should respect these trend lines as a bull market for quite good time. However, these bold trend lines are actually inverted flag pattern in weekly time frame, which means... whenever the lower trend line...
EURUSD is making inverse head and shoulder pattern. SO from the Monday 22 Feb, a bull run is about to begin. Off course, it wont go up straight, it surely will retest to the neck line of head and shoulder.
After a false breakout, its more likely to break higher high resistance as well. And if it does, the price could jump to 83.00 quickly.
in 1 day chart, its making really strong bullish pattern , however, I have chosen 4 hour time frame to have a closer look.
It looks like its making a bearish inverse flag pattern. But lets wait for the conformation. Of it successfully breaks 0.87386, then its likely to continue its down trend. Note: this analysis is just for my personal practice.
ETH should follow these trend lines in bullish market, at least for few months.
Everyone was expecting ETH to reach 15004++. However, it never happened yet ! I draw these trend lines 2 days ago, I never even thought ETH could go along with that but anyway, its following ! Now, if ETH didn't bounce back from these green support region, it could continue its down trend. lets see what happens/ Note: I'm not a financial adviser, its just my...